Pensionfund Sabic Invests $1.36 Million in The Sherwin-Williams Company $SHW

Pensionfund Sabic bought a new stake in The Sherwin-Williams Company (NYSE:SHW) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm bought 4,200 shares of the specialty chemicals company’s stock, valued at approximately $1,361,000.

Several other institutional investors also recently made changes to their positions in the stock. Cordatus Wealth Management LLC grew its stake in shares of Sherwin-Williams by 149.4% in the third quarter. Cordatus Wealth Management LLC now owns 9,588 shares of the specialty chemicals company’s stock valued at $3,320,000 after acquiring an additional 5,744 shares in the last quarter. Nordea Investment Management AB raised its stake in Sherwin-Williams by 16.1% in the 3rd quarter. Nordea Investment Management AB now owns 125,914 shares of the specialty chemicals company’s stock worth $43,536,000 after purchasing an additional 17,422 shares in the last quarter. Wealthfront Advisers LLC boosted its holdings in Sherwin-Williams by 26.1% in the 3rd quarter. Wealthfront Advisers LLC now owns 30,927 shares of the specialty chemicals company’s stock valued at $10,709,000 after purchasing an additional 6,408 shares during the period. Mairs & Power Inc. grew its position in shares of Sherwin-Williams by 0.7% during the 3rd quarter. Mairs & Power Inc. now owns 464,043 shares of the specialty chemicals company’s stock worth $160,680,000 after purchasing an additional 3,430 shares in the last quarter. Finally, Inscription Capital LLC acquired a new position in shares of Sherwin-Williams during the 3rd quarter worth approximately $1,069,000. 77.67% of the stock is currently owned by hedge funds and other institutional investors.

Sherwin-Williams Stock Performance

NYSE SHW opened at $313.52 on Wednesday. The company has a market capitalization of $77.55 billion, a price-to-earnings ratio of 30.53, a PEG ratio of 2.72 and a beta of 1.25. The company has a quick ratio of 0.53, a current ratio of 0.87 and a debt-to-equity ratio of 2.03. The Sherwin-Williams Company has a twelve month low of $301.58 and a twelve month high of $379.65. The stock has a fifty day simple moving average of $347.81 and a 200 day simple moving average of $341.66.

Sherwin-Williams (NYSE:SHW) last announced its earnings results on Thursday, January 29th. The specialty chemicals company reported $2.23 EPS for the quarter, topping the consensus estimate of $2.16 by $0.07. The firm had revenue of $5.60 billion for the quarter, compared to the consensus estimate of $5.57 billion. Sherwin-Williams had a return on equity of 65.26% and a net margin of 10.90%.The business’s quarterly revenue was up 5.6% compared to the same quarter last year. During the same period in the previous year, the business earned $2.09 EPS. Sell-side analysts expect that The Sherwin-Williams Company will post 12 EPS for the current year.

Sherwin-Williams Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, March 13th. Investors of record on Monday, March 2nd were issued a $0.80 dividend. The ex-dividend date was Monday, March 2nd. This is a boost from Sherwin-Williams’s previous quarterly dividend of $0.79. This represents a $3.20 annualized dividend and a yield of 1.0%. Sherwin-Williams’s dividend payout ratio (DPR) is currently 31.16%.

Insider Buying and Selling

In other Sherwin-Williams news, insider Colin M. Davie sold 2,976 shares of the firm’s stock in a transaction that occurred on Monday, February 2nd. The shares were sold at an average price of $359.50, for a total transaction of $1,069,872.00. Following the completion of the transaction, the insider owned 5,365 shares in the company, valued at approximately $1,928,717.50. This trade represents a 35.68% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, SVP Bryan J. Young sold 2,513 shares of the business’s stock in a transaction that occurred on Tuesday, February 24th. The stock was sold at an average price of $364.47, for a total transaction of $915,913.11. Following the completion of the transaction, the senior vice president owned 10,045 shares in the company, valued at $3,661,101.15. This trade represents a 20.01% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Corporate insiders own 0.23% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages recently issued reports on SHW. Citigroup reiterated a “buy” rating on shares of Sherwin-Williams in a research note on Monday, January 19th. Royal Bank Of Canada cut their target price on Sherwin-Williams from $390.00 to $376.00 and set an “outperform” rating for the company in a research report on Thursday, March 19th. Mizuho decreased their price target on Sherwin-Williams from $410.00 to $371.00 and set an “outperform” rating on the stock in a research report on Monday. Deutsche Bank Aktiengesellschaft cut shares of Sherwin-Williams from a “buy” rating to a “hold” rating and set a $380.00 price objective for the company. in a research report on Thursday, January 22nd. Finally, Weiss Ratings reissued a “hold (c+)” rating on shares of Sherwin-Williams in a report on Monday, December 29th. Eleven equities research analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $384.43.

About Sherwin-Williams

Sherwin-Williams (NYSE: SHW) is a global manufacturer and distributor of paints, coatings and related products. Founded in 1866 and headquartered in Cleveland, Ohio, the company supplies a broad range of coatings for residential, commercial and industrial applications. Its product offering includes architectural paints and stains, industrial and protective coatings, automotive finishes, and a variety of sundry products such as primers, sealants and specialty treatments used by professionals and consumers.

The company sells through multiple channels, including a large network of company-operated retail paint stores that serve professional contractors and do-it-yourself consumers, as well as through distributors and mass retailers.