Federated Hermes Inc. Buys 47,008 Shares of The Sherwin-Williams Company (NYSE:SHW)

Federated Hermes Inc. raised its holdings in shares of The Sherwin-Williams Company (NYSE:SHW) by 15.6% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 349,257 shares of the specialty chemicals company’s stock after purchasing an additional 47,008 shares during the period. Federated Hermes Inc.’s holdings in Sherwin-Williams were worth $108,933,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors also recently added to or reduced their stakes in the company. OFI Invest Asset Management acquired a new position in Sherwin-Williams during the 3rd quarter valued at about $25,000. Union Savings Bank acquired a new position in Sherwin-Williams during the 3rd quarter valued at about $28,000. Providence Capital Advisors LLC lifted its position in Sherwin-Williams by 44,853.3% during the 1st quarter. Providence Capital Advisors LLC now owns 6,743 shares of the specialty chemicals company’s stock valued at $30,000 after purchasing an additional 6,728 shares during the period. Lee Financial Co acquired a new stake in shares of Sherwin-Williams in the 3rd quarter valued at approximately $32,000. Finally, BluePath Capital Management LLC acquired a new stake in shares of Sherwin-Williams in the 3rd quarter valued at approximately $33,000. 77.67% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of brokerages recently weighed in on SHW. UBS Group upgraded shares of Sherwin-Williams from a “neutral” rating to a “buy” rating and increased their price target for the company from $312.00 to $402.00 in a research report on Thursday, March 7th. JPMorgan Chase & Co. increased their price target on shares of Sherwin-Williams from $285.00 to $317.00 and gave the company an “overweight” rating in a research report on Friday, January 26th. Mizuho cut their price target on shares of Sherwin-Williams from $352.00 to $340.00 and set a “buy” rating on the stock in a research report on Friday, January 26th. Seaport Res Ptn downgraded shares of Sherwin-Williams from a “buy” rating to a “neutral” rating in a report on Monday, January 8th. Finally, Barclays raised their target price on shares of Sherwin-Williams from $285.00 to $315.00 and gave the stock an “equal weight” rating in a report on Monday, January 29th. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating and thirteen have issued a buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $325.94.

Sherwin-Williams Stock Up 0.5 %

Shares of SHW traded up $1.66 during mid-day trading on Thursday, hitting $311.82. 325,209 shares of the company’s stock were exchanged, compared to its average volume of 1,388,870. The company has a market cap of $79.35 billion, a PE ratio of 33.53, a P/E/G ratio of 2.45 and a beta of 1.15. The Sherwin-Williams Company has a 52 week low of $221.76 and a 52 week high of $348.37. The company has a 50-day simple moving average of $328.69 and a 200 day simple moving average of $296.92. The company has a debt-to-equity ratio of 2.25, a current ratio of 0.83 and a quick ratio of 0.48.

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

Sherwin-Williams Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, June 7th. Investors of record on Friday, May 17th will be paid a $0.715 dividend. This represents a $2.86 annualized dividend and a dividend yield of 0.92%. Sherwin-Williams’s dividend payout ratio is presently 30.92%.

Insider Activity at Sherwin-Williams

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

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.