The Sherwin-Williams Company (NYSE:SHW) Holdings Raised by Assetmark Inc.

Assetmark Inc. grew its stake in shares of The Sherwin-Williams Company (NYSE:SHW) by 19.5% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 5,924 shares of the specialty chemicals company’s stock after purchasing an additional 966 shares during the period. Assetmark Inc.’s holdings in Sherwin-Williams were worth $1,848,000 as of its most recent SEC filing.

Several other hedge funds have also modified their holdings of SHW. Norges Bank purchased a new stake in shares of Sherwin-Williams during the fourth quarter valued at $1,176,356,000. FMR LLC lifted its holdings in shares of Sherwin-Williams by 65.4% during the third quarter. FMR LLC now owns 5,427,014 shares of the specialty chemicals company’s stock valued at $1,384,160,000 after purchasing an additional 2,146,102 shares during the last quarter. Alphinity Investment Management Pty Ltd purchased a new stake in shares of Sherwin-Williams during the fourth quarter valued at $432,737,000. International Assets Investment Management LLC lifted its holdings in shares of Sherwin-Williams by 2,853.9% during the fourth quarter. International Assets Investment Management LLC now owns 650,186 shares of the specialty chemicals company’s stock valued at $202,793,000 after purchasing an additional 628,175 shares during the last quarter. Finally, The Manufacturers Life Insurance Company lifted its holdings in shares of Sherwin-Williams by 188.3% during the third quarter. The Manufacturers Life Insurance Company now owns 758,914 shares of the specialty chemicals company’s stock valued at $193,561,000 after purchasing an additional 495,668 shares during the last quarter. 77.67% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In other news, insider Karl J. Jorgenrud sold 2,690 shares of the stock in a transaction dated Monday, February 26th. The stock was sold at an average price of $322.50, for a total transaction of $867,525.00. Following the transaction, the insider now owns 12,941 shares of the company’s stock, valued at approximately $4,173,472.50. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In related news, insider Karl J. Jorgenrud sold 2,690 shares of the stock in a transaction that occurred on Monday, February 26th. The stock was sold at an average price of $322.50, for a total transaction of $867,525.00. Following the completion of the sale, the insider now owns 12,941 shares in the company, valued at approximately $4,173,472.50. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, insider Justin T. Binns sold 1,563 shares of the stock in a transaction that occurred 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 sale, the insider now owns 14,564 shares of the company’s stock, valued at approximately $4,935,302.68. The disclosure for this sale can be found here. In the last quarter, insiders have sold 27,771 shares of company stock valued at $8,985,497. Insiders own 0.60% of the company’s stock.

Analysts Set New Price Targets

SHW has been the topic of several recent analyst reports. JPMorgan Chase & Co. dropped their price target on Sherwin-Williams from $317.00 to $315.00 and set an “overweight” rating on the stock in a research report on Wednesday, April 24th. Northcoast Research raised Sherwin-Williams from a “neutral” rating to a “buy” rating and set a $360.00 price target on the stock in a research report on Tuesday, February 27th. Mizuho dropped their price target on Sherwin-Williams from $340.00 to $334.00 and set a “buy” rating on the stock in a research report on Wednesday, April 24th. Evercore ISI upped their price target on Sherwin-Williams from $360.00 to $365.00 and gave the company an “outperform” rating in a research report on Tuesday, May 14th. Finally, Robert W. Baird upped their price target on Sherwin-Williams from $300.00 to $310.00 and gave the company a “neutral” rating in a research report on Wednesday, April 24th. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating and twelve have given a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $344.41.

Sherwin-Williams Stock Performance

Shares of NYSE SHW opened at $304.84 on Friday. The company has a debt-to-equity ratio of 2.32, a quick ratio of 0.46 and a current ratio of 0.78. The firm has a market cap of $77.29 billion, a price-to-earnings ratio of 32.50, a P/E/G ratio of 2.45 and a beta of 1.18. The business’s 50-day simple moving average is $320.47 and its 200-day simple moving average is $308.97. The Sherwin-Williams Company has a 52 week low of $223.28 and a 52 week high of $348.37.

Sherwin-Williams (NYSE:SHW) last issued its quarterly earnings data on Tuesday, April 23rd. The specialty chemicals company reported $2.17 EPS for the quarter, missing analysts’ consensus estimates of $2.22 by ($0.05). The company had revenue of $5.37 billion for the quarter, compared to analyst estimates of $5.50 billion. Sherwin-Williams had a net margin of 10.52% and a return on equity of 73.74%. The business’s revenue was down 1.4% on a year-over-year basis. During the same period in the prior year, the company posted $2.04 EPS. As a group, equities research analysts expect that The Sherwin-Williams Company will post 11.43 earnings per share for the current fiscal year.

Sherwin-Williams Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, June 7th. Stockholders of record on Friday, May 17th will be issued a dividend of $0.715 per share. This represents a $2.86 dividend on an annualized basis and a dividend yield of 0.94%. The ex-dividend date of this dividend is Thursday, May 16th. Sherwin-Williams’s dividend payout ratio is 30.49%.

Sherwin-Williams Company 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.