Metis Global Partners LLC Has $9.83 Million Holdings in The Sherwin-Williams Company (NYSE:SHW)

Metis Global Partners LLC increased its stake in The Sherwin-Williams Company (NYSE:SHW) by 25.7% in the 4th quarter, HoldingsChannel reports. The institutional investor owned 28,902 shares of the specialty chemicals company’s stock after purchasing an additional 5,906 shares during the quarter. Metis Global Partners LLC’s holdings in Sherwin-Williams were worth $9,825,000 as of its most recent SEC filing.

Several other hedge funds have also added to or reduced their stakes in the business. Valued Wealth Advisors LLC increased its position in Sherwin-Williams by 88.9% during the 3rd quarter. Valued Wealth Advisors LLC now owns 68 shares of the specialty chemicals company’s stock worth $26,000 after buying an additional 32 shares during the period. First Personal Financial Services bought a new position in Sherwin-Williams in the third quarter valued at about $29,000. Midwest Capital Advisors LLC acquired a new stake in shares of Sherwin-Williams during the fourth quarter valued at about $26,000. FSA Wealth Management LLC acquired a new stake in shares of Sherwin-Williams during the third quarter valued at about $32,000. Finally, True Wealth Design LLC lifted its stake in shares of Sherwin-Williams by 1,000.0% in the third quarter. True Wealth Design LLC now owns 99 shares of the specialty chemicals company’s stock worth $38,000 after acquiring an additional 90 shares during the period. Institutional investors and hedge funds own 77.67% of the company’s stock.

Sherwin-Williams Stock Performance

Shares of SHW stock opened at $362.46 on Friday. The firm has a market capitalization of $91.16 billion, a price-to-earnings ratio of 34.36, a price-to-earnings-growth ratio of 2.98 and a beta of 1.22. 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 business has a fifty day moving average of $351.26 and a 200 day moving average of $365.65. 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 announced its quarterly 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 return on equity of 74.50% and a net margin of 11.61%. During the same period last year, the firm posted $1.81 earnings per share. As a group, research analysts expect that The Sherwin-Williams Company will post 12 earnings per share for the current year.

Sherwin-Williams Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, March 14th. Shareholders of record on Monday, March 3rd will be given a $0.79 dividend. This is a positive change from Sherwin-Williams’s previous quarterly dividend of $0.72. The ex-dividend date of this dividend is Monday, March 3rd. This represents a $3.16 dividend on an annualized basis and a yield of 0.87%. Sherwin-Williams’s payout ratio is presently 29.95%.

Wall Street Analysts Forecast Growth

SHW has been the subject of a number of research analyst reports. Morgan Stanley lowered their target price on Sherwin-Williams from $450.00 to $405.00 and set an “overweight” rating for the company in a report on Tuesday, January 28th. Robert W. Baird set a $370.00 price target on Sherwin-Williams in a report on Friday, January 31st. Royal Bank of Canada cut their price objective on Sherwin-Williams from $438.00 to $415.00 and set an “outperform” rating on the stock in a research report on Monday, February 3rd. Berenberg Bank raised Sherwin-Williams from a “hold” rating to a “buy” rating and boosted their price objective for the stock from $321.00 to $420.00 in a research report on Friday, January 24th. Finally, StockNews.com cut Sherwin-Williams from a “buy” rating to a “hold” rating in a report on Thursday, November 28th. One analyst has rated the stock with a sell rating, six have issued a hold rating, eleven have issued a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat, Sherwin-Williams presently has a consensus rating of “Moderate Buy” and a consensus price target of $403.31.

Sherwin-Williams Profile

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.