Slow Capital Inc. Has $4.29 Million Stake in The Sherwin-Williams Company (NYSE:SHW)

Slow Capital Inc. trimmed its position in The Sherwin-Williams Company (NYSE:SHW) by 0.7% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 13,757 shares of the specialty chemicals company’s stock after selling 101 shares during the quarter. Slow Capital Inc.’s holdings in Sherwin-Williams were worth $4,291,000 at the end of the most recent reporting period.

A number of other large investors have also modified their holdings of SHW. Commonwealth of Pennsylvania Public School Empls Retrmt SYS raised its stake in Sherwin-Williams by 16.2% during the third quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 47,568 shares of the specialty chemicals company’s stock worth $12,132,000 after acquiring an additional 6,639 shares in the last quarter. AEGON ASSET MANAGEMENT UK Plc acquired a new position in Sherwin-Williams during the fourth quarter worth $38,444,000. Machina Capital S.A.S. raised its stake in Sherwin-Williams by 149.0% during the third quarter. Machina Capital S.A.S. now owns 9,695 shares of the specialty chemicals company’s stock worth $2,473,000 after acquiring an additional 5,801 shares in the last quarter. Pearl River Capital LLC acquired a new position in Sherwin-Williams during the third quarter worth $4,517,000. Finally, Simplicity Solutions LLC raised its stake in Sherwin-Williams by 182.2% during the fourth quarter. Simplicity Solutions LLC now owns 10,700 shares of the specialty chemicals company’s stock worth $3,337,000 after acquiring an additional 6,909 shares in the last quarter. 77.67% of the stock is currently owned by institutional investors and hedge funds.

Sherwin-Williams Price Performance

Shares of SHW traded down $5.59 during trading hours on Wednesday, hitting $308.38. 1,440,738 shares of the company were exchanged, compared to its average volume of 1,111,593. The company has a market cap of $78.47 billion, a price-to-earnings ratio of 33.34, a P/E/G ratio of 2.49 and a beta of 1.15. The Sherwin-Williams Company has a fifty-two week low of $221.76 and a fifty-two week high of $348.37. The company has a quick ratio of 0.48, a current ratio of 0.83 and a debt-to-equity ratio of 2.25. The firm’s fifty day moving average is $328.69 and its 200 day moving average is $296.82.

Sherwin-Williams (NYSE:SHW) last released its earnings results on Thursday, January 25th. The specialty chemicals company reported $1.81 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.80 by $0.01. The company had revenue of $5.25 billion for the quarter, compared to analyst estimates of $5.23 billion. Sherwin-Williams had a return on equity of 74.72% and a net margin of 10.36%. Sherwin-Williams’s quarterly revenue was up .4% on a year-over-year basis. During the same period in the prior year, the firm posted $1.89 EPS. On average, equities analysts anticipate that The Sherwin-Williams Company will post 11.44 earnings per share for the current fiscal year.

Sherwin-Williams Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, March 8th. Stockholders of record on Monday, February 26th were issued a dividend of $0.715 per share. This is a positive change from Sherwin-Williams’s previous quarterly dividend of $0.61. This represents a $2.86 annualized dividend and a dividend yield of 0.93%. The ex-dividend date was Friday, February 23rd. Sherwin-Williams’s dividend payout ratio is 30.92%.

Analyst Ratings Changes

SHW has been the subject of several recent analyst reports. Seaport Res Ptn lowered Sherwin-Williams from a “buy” rating to a “neutral” rating in a research note on Monday, January 8th. Argus increased their target price on Sherwin-Williams from $330.00 to $378.00 and gave the stock a “buy” rating in a report on Thursday, December 21st. StockNews.com upgraded Sherwin-Williams from a “hold” rating to a “buy” rating in a report on Friday, March 8th. Wells Fargo & Company increased their target price on Sherwin-Williams from $310.00 to $320.00 and gave the stock an “equal weight” rating in a report on Friday, January 26th. Finally, Robert W. Baird restated a “neutral” rating and set a $300.00 target price (up previously from $270.00) on shares of Sherwin-Williams in a report on Wednesday, January 3rd. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating and thirteen have given a buy rating to the company. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $325.94.

Insider Transactions at Sherwin-Williams

In related news, insider Justin T. Binns sold 1,563 shares of the company’s stock in a transaction on Wednesday, March 13th. The stock was sold at an average price of $338.87, for a total transaction of $529,653.81. Following the completion of the sale, the insider now directly owns 14,564 shares in the company, valued at approximately $4,935,302.68. The sale was disclosed in a filing with the SEC, which is available through this link. In related news, SVP Gregory P. Sofish sold 1,830 shares of the company’s stock in a transaction on Friday, February 23rd. The stock was sold at an average price of $320.70, for a total transaction of $586,881.00. Following the completion of the sale, the senior vice president now directly owns 6,329 shares in the company, valued at approximately $2,029,710.30. The sale was disclosed in a filing with the SEC, which is available through this link. Also, insider Justin T. Binns sold 1,563 shares of the company’s stock in a transaction on Wednesday, March 13th. The stock was sold at an average price of $338.87, for a total value of $529,653.81. Following the sale, the insider now owns 14,564 shares of the company’s stock, valued at $4,935,302.68. The disclosure for this sale can be found here. In the last three months, insiders have sold 32,050 shares of company stock valued at $10,340,237. 0.60% of the stock is owned by corporate 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.