The Sherwin-Williams Company (NYSE:SHW) Shares Acquired by NEOS Investment Management LLC

NEOS Investment Management LLC raised its position in The Sherwin-Williams Company (NYSE:SHW) by 35.2% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 13,536 shares of the specialty chemicals company’s stock after buying an additional 3,527 shares during the period. NEOS Investment Management LLC’s holdings in Sherwin-Williams were worth $4,601,000 at the end of the most recent quarter.

A number of other hedge funds also recently bought and sold shares of the business. UniSuper Management Pty Ltd lifted its position in Sherwin-Williams by 3.5% during the fourth quarter. UniSuper Management Pty Ltd now owns 99,817 shares of the specialty chemicals company’s stock worth $33,931,000 after buying an additional 3,336 shares in the last quarter. JPMorgan Chase & Co. grew its holdings in shares of Sherwin-Williams by 28.6% in the fourth quarter. JPMorgan Chase & Co. now owns 2,032,170 shares of the specialty chemicals company’s stock valued at $690,796,000 after purchasing an additional 451,505 shares during the period. Mitsubishi UFJ Asset Management Co. Ltd. raised its stake in Sherwin-Williams by 79.5% during the fourth quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 653,548 shares of the specialty chemicals company’s stock worth $219,945,000 after purchasing an additional 289,450 shares during the period. Meiji Yasuda Asset Management Co Ltd. boosted its holdings in Sherwin-Williams by 5.7% in the 4th quarter. Meiji Yasuda Asset Management Co Ltd. now owns 17,891 shares of the specialty chemicals company’s stock valued at $6,082,000 after purchasing an additional 963 shares during the last quarter. Finally, Prestige Wealth Management Group LLC grew its stake in shares of Sherwin-Williams by 7.0% in the 4th quarter. Prestige Wealth Management Group LLC now owns 1,061 shares of the specialty chemicals company’s stock valued at $361,000 after buying an additional 69 shares during the period. Hedge funds and other institutional investors own 77.67% of the company’s stock.

Analyst Ratings Changes

A number of research analysts recently commented on SHW shares. Robert W. Baird set a $370.00 price objective on Sherwin-Williams in a report on Friday, January 31st. Citigroup reiterated a “buy” rating and set a $423.00 price target (up from $418.00) on shares of Sherwin-Williams in a report on Wednesday, February 26th. Royal Bank of Canada reduced their price objective on shares of Sherwin-Williams from $438.00 to $415.00 and set an “outperform” rating on the stock in a report on Monday, February 3rd. StockNews.com cut shares of Sherwin-Williams from a “buy” rating to a “hold” rating in a research report on Thursday, November 28th. Finally, Berenberg Bank raised shares of Sherwin-Williams from a “hold” rating to a “buy” rating and boosted their price target for the company from $321.00 to $420.00 in a research note on Friday, January 24th. One research analyst has rated the stock with a sell rating, six have assigned a hold rating, ten have given a buy rating and two have given a strong buy rating to the stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $401.13.

Sherwin-Williams Price Performance

Shares of NYSE SHW opened at $345.45 on Friday. The stock’s 50-day moving average is $353.87 and its two-hundred day moving average is $364.08. The company has a debt-to-equity ratio of 2.02, a current ratio of 0.79 and a quick ratio of 0.46. The company has a market cap of $86.88 billion, a price-to-earnings ratio of 32.74, a price-to-earnings-growth ratio of 2.98 and a beta of 1.23. The Sherwin-Williams Company has a 1-year low of $282.09 and a 1-year high of $400.42.

Sherwin-Williams (NYSE:SHW) last issued its earnings results on Thursday, January 30th. The specialty chemicals company reported $2.09 earnings per share for the quarter, beating the consensus estimate of $2.07 by $0.02. Sherwin-Williams had a net margin of 11.61% and a return on equity of 74.50%. During the same period in the previous year, the business earned $1.81 EPS. Analysts forecast that The Sherwin-Williams Company will post 12 EPS for the current fiscal year.

Sherwin-Williams Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, March 14th. Shareholders of record on Monday, March 3rd were paid a $0.79 dividend. The ex-dividend date was Monday, March 3rd. This is a boost from Sherwin-Williams’s previous quarterly dividend of $0.72. This represents a $3.16 dividend on an annualized basis and a yield of 0.91%. Sherwin-Williams’s dividend payout ratio (DPR) is currently 29.95%.

Insiders Place Their Bets

In related news, insider Colin M. Davie sold 2,799 shares of the business’s stock in a transaction that occurred on Thursday, February 27th. The stock was sold at an average price of $360.30, for a total transaction of $1,008,479.70. Following the completion of the sale, the insider now owns 5,365 shares in the company, valued at $1,933,009.50. The trade was a 34.28 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 0.60% of the stock is owned by company insiders.

About Sherwin-Williams

The Sherwin-Williams Company engages in the development, manufacture, distribution, and sale of paints, coating, and related products to professional, industrial, commercial, and retail customers. It operates through three segments: Paint Stores Group, Consumer Brands Group, and Performance Coatings Group.