Sherwin-Williams Co (SHW) Stake Lessened by MetLife Investment Advisors LLC
MetLife Investment Advisors LLC trimmed its position in Sherwin-Williams Co (NYSE:SHW) by 1.4% during the fourth quarter, HoldingsChannel reports. The institutional investor owned 23,564 shares of the specialty chemicals company’s stock after selling 343 shares during the period. MetLife Investment Advisors LLC’s holdings in Sherwin-Williams were worth $9,271,000 at the end of the most recent reporting period.
Other institutional investors have also recently made changes to their positions in the company. Neuberger Berman Group LLC lifted its holdings in shares of Sherwin-Williams by 2.9% in the third quarter. Neuberger Berman Group LLC now owns 446,292 shares of the specialty chemicals company’s stock worth $203,160,000 after buying an additional 12,747 shares in the last quarter. Carroll Financial Associates Inc. increased its position in shares of Sherwin-Williams by 4.3% in the fourth quarter. Carroll Financial Associates Inc. now owns 657 shares of the specialty chemicals company’s stock worth $260,000 after purchasing an additional 27 shares during the last quarter. Dupont Capital Management Corp increased its position in shares of Sherwin-Williams by 37.1% in the fourth quarter. Dupont Capital Management Corp now owns 18,172 shares of the specialty chemicals company’s stock worth $7,150,000 after purchasing an additional 4,913 shares during the last quarter. CAPROCK Group Inc. increased its position in shares of Sherwin-Williams by 13.5% in the fourth quarter. CAPROCK Group Inc. now owns 1,686 shares of the specialty chemicals company’s stock worth $663,000 after purchasing an additional 201 shares during the last quarter. Finally, Trust Co. of Oklahoma increased its position in shares of Sherwin-Williams by 7.3% in the fourth quarter. Trust Co. of Oklahoma now owns 1,296 shares of the specialty chemicals company’s stock worth $510,000 after purchasing an additional 88 shares during the last quarter. 76.83% of the stock is currently owned by hedge funds and other institutional investors.
Shares of NYSE SHW opened at $429.26 on Thursday. Sherwin-Williams Co has a one year low of $355.28 and a one year high of $479.64. The company has a current ratio of 1.01, a quick ratio of 0.59 and a debt-to-equity ratio of 2.33. The company has a market cap of $39.88 billion, a price-to-earnings ratio of 23.17, a price-to-earnings-growth ratio of 1.65 and a beta of 1.27.
The company also recently announced a quarterly dividend, which was paid on Friday, March 8th. Stockholders of record on Monday, February 25th were issued a $1.13 dividend. This is a boost from Sherwin-Williams’s previous quarterly dividend of $0.86. The ex-dividend date of this dividend was Friday, February 22nd. This represents a $4.52 annualized dividend and a dividend yield of 1.05%. Sherwin-Williams’s dividend payout ratio (DPR) is currently 24.39%.
In other news, SVP Jane M. Cronin sold 1,344 shares of the firm’s stock in a transaction that occurred on Wednesday, February 20th. The shares were sold at an average price of $441.24, for a total value of $593,026.56. Following the transaction, the senior vice president now owns 4,078 shares in the company, valued at $1,799,376.72. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, SVP Allen J. Mistysyn sold 2,874 shares of the firm’s stock in a transaction that occurred on Thursday, February 14th. The stock was sold at an average price of $433.90, for a total transaction of $1,247,028.60. Following the completion of the transaction, the senior vice president now owns 10,599 shares in the company, valued at approximately $4,598,906.10. The disclosure for this sale can be found here. Insiders sold 11,839 shares of company stock worth $5,186,817 in the last 90 days. Company insiders own 0.50% of the company’s stock.
Several research analysts recently weighed in on SHW shares. KeyCorp decreased their price objective on shares of Sherwin-Williams from $500.00 to $450.00 and set an “overweight” rating on the stock in a research report on Wednesday, January 16th. Barclays restated a “hold” rating and issued a $440.00 price objective on shares of Sherwin-Williams in a research report on Sunday, February 3rd. Wells Fargo & Co upgraded shares of Sherwin-Williams from a “market perform” rating to an “outperform” rating and set a $475.00 price objective on the stock in a research report on Monday, January 14th. JPMorgan Chase & Co. upgraded shares of Sherwin-Williams from a “neutral” rating to an “overweight” rating and upped their price objective for the stock from $380.00 to $415.00 in a research report on Monday, December 17th. Finally, Citigroup upgraded shares of Sherwin-Williams from a “neutral” rating to a “buy” rating in a research report on Friday, January 4th. Nine research analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the company. The stock presently has an average rating of “Buy” and an average target price of $463.33.
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The Sherwin-Williams Company develops, manufactures, distributes, and sells paints, coatings, and related products to professional, industrial, commercial, and retail customers. It operates in three segments: The Americas Group, Consumer Brands Group, and Performance Coatings Group. The Americas Group segment offers architectural paints and coatings, and protective and marine products, as well as OEM product finishes and related products for architectural and industrial paint contractors and do-it-yourself homeowners.
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