Invesco LLC Has $5.30 Million Stock Position in The Sherwin-Williams Company $SHW

Invesco LLC cut its stake in shares of The Sherwin-Williams Company (NYSE:SHW) by 12.6% in the 4th quarter, HoldingsChannel.com reports. The firm owned 16,344 shares of the specialty chemicals company’s stock after selling 2,365 shares during the quarter. Sherwin-Williams accounts for 1.8% of Invesco LLC’s investment portfolio, making the stock its 12th biggest position. Invesco LLC’s holdings in Sherwin-Williams were worth $5,296,000 at the end of the most recent quarter.

Other hedge funds have also recently bought and sold shares of the company. Vanguard Group Inc. raised its stake in shares of Sherwin-Williams by 1.4% during the 3rd quarter. Vanguard Group Inc. now owns 22,637,705 shares of the specialty chemicals company’s stock worth $7,838,532,000 after purchasing an additional 309,153 shares in the last quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main grew its stake in shares of Sherwin-Williams by 9.9% in the second quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main now owns 3,887,808 shares of the specialty chemicals company’s stock valued at $1,334,918,000 after buying an additional 351,453 shares in the last quarter. Capital Research Global Investors increased its holdings in Sherwin-Williams by 0.3% during the third quarter. Capital Research Global Investors now owns 3,432,977 shares of the specialty chemicals company’s stock worth $1,188,698,000 after buying an additional 11,560 shares during the last quarter. JPMorgan Chase & Co. increased its holdings in Sherwin-Williams by 0.4% during the third quarter. JPMorgan Chase & Co. now owns 3,052,021 shares of the specialty chemicals company’s stock worth $1,056,811,000 after buying an additional 12,715 shares during the last quarter. Finally, Viking Global Investors LP raised its position in Sherwin-Williams by 47.2% during the third quarter. Viking Global Investors LP now owns 2,881,091 shares of the specialty chemicals company’s stock worth $997,607,000 after acquiring an additional 923,341 shares in the last quarter. 77.67% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In related news, insider Colin M. Davie sold 2,976 shares of Sherwin-Williams stock in a transaction that occurred on Monday, February 2nd. The stock was sold at an average price of $359.50, for a total transaction of $1,069,872.00. Following the completion of the sale, the insider directly owned 5,365 shares of the company’s stock, valued at approximately $1,928,717.50. This trade represents a 35.68% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, SVP Bryan J. Young sold 2,513 shares of the business’s stock in a transaction on Tuesday, February 24th. The shares were sold at an average price of $364.47, for a total value of $915,913.11. Following the completion of the sale, the senior vice president owned 10,045 shares of the company’s stock, valued at $3,661,101.15. This trade represents a 20.01% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders own 0.23% of the company’s stock.

Sherwin-Williams Price Performance

Shares of SHW opened at $317.69 on Friday. The firm has a market capitalization of $78.58 billion, a PE ratio of 30.93, a PEG ratio of 2.75 and a beta of 1.27. The company’s 50-day moving average is $342.34 and its 200-day moving average is $339.42. The Sherwin-Williams Company has a fifty-two week low of $301.58 and a fifty-two week high of $379.65. The company has a debt-to-equity ratio of 2.03, a current ratio of 0.87 and a quick ratio of 0.53.

Sherwin-Williams (NYSE:SHW) last posted its earnings results on Thursday, January 29th. The specialty chemicals company reported $2.23 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.16 by $0.07. Sherwin-Williams had a net margin of 10.90% and a return on equity of 65.26%. The company had revenue of $5.60 billion during the quarter, compared to analysts’ expectations of $5.57 billion. During the same quarter last year, the company posted $2.09 EPS. Sherwin-Williams’s quarterly revenue was up 5.6% compared to the same quarter last year. Equities analysts forecast that The Sherwin-Williams Company will post 12 EPS for the current year.

Sherwin-Williams Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 13th. Stockholders of record on Monday, March 2nd were issued a dividend of $0.80 per share. This is a boost from Sherwin-Williams’s previous quarterly dividend of $0.79. This represents a $3.20 dividend on an annualized basis and a dividend yield of 1.0%. The ex-dividend date was Monday, March 2nd. Sherwin-Williams’s dividend payout ratio is presently 31.16%.

Analysts Set New Price Targets

A number of analysts have commented on the stock. Royal Bank Of Canada cut their price target on shares of Sherwin-Williams from $390.00 to $376.00 and set an “outperform” rating for the company in a research note on Thursday, March 19th. Mizuho dropped their target price on shares of Sherwin-Williams from $410.00 to $371.00 and set an “outperform” rating on the stock in a report on Monday, March 23rd. Deutsche Bank Aktiengesellschaft downgraded shares of Sherwin-Williams from a “buy” rating to a “hold” rating and set a $380.00 target price for the company. in a research note on Thursday, January 22nd. Citigroup reduced their price target on Sherwin-Williams from $410.00 to $385.00 and set a “buy” rating for the company in a report on Wednesday. Finally, UBS Group lowered their price target on Sherwin-Williams from $420.00 to $380.00 and set a “buy” rating on the stock in a research report on Thursday. Eleven investment analysts have rated the stock with a Buy rating and four have given a Hold rating to the stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $383.23.

About Sherwin-Williams

Sherwin-Williams (NYSE: SHW) is a global manufacturer and distributor of paints, coatings and related products. Founded in 1866 and headquartered in Cleveland, Ohio, the company supplies a broad range of coatings for residential, commercial and industrial applications. Its product offering includes architectural paints and stains, industrial and protective coatings, automotive finishes, and a variety of sundry products such as primers, sealants and specialty treatments used by professionals and consumers.

The company sells through multiple channels, including a large network of company-operated retail paint stores that serve professional contractors and do-it-yourself consumers, as well as through distributors and mass retailers.