JLB & Associates Inc. Raises Stake in Sherwin-Williams Co (SHW)

JLB & Associates Inc. lifted its position in Sherwin-Williams Co (NYSE:SHW) by 4.8% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 6,507 shares of the specialty chemicals company’s stock after acquiring an additional 297 shares during the quarter. JLB & Associates Inc.’s holdings in Sherwin-Williams were worth $2,802,000 at the end of the most recent reporting period.

Other institutional investors have also recently added to or reduced their stakes 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 valued at $203,160,000 after buying an additional 12,747 shares during the period. Carroll Financial Associates Inc. lifted its holdings in shares of Sherwin-Williams by 4.3% during the fourth quarter. Carroll Financial Associates Inc. now owns 657 shares of the specialty chemicals company’s stock valued at $260,000 after purchasing an additional 27 shares during the last quarter. Dupont Capital Management Corp lifted its holdings in shares of Sherwin-Williams by 37.1% during the fourth quarter. Dupont Capital Management Corp now owns 18,172 shares of the specialty chemicals company’s stock valued at $7,150,000 after purchasing an additional 4,913 shares during the last quarter. CAPROCK Group Inc. lifted its holdings in shares of Sherwin-Williams by 13.5% during the fourth quarter. CAPROCK Group Inc. now owns 1,686 shares of the specialty chemicals company’s stock valued at $663,000 after purchasing an additional 201 shares during the last quarter. Finally, Trust Co. of Oklahoma lifted its holdings in shares of Sherwin-Williams by 7.3% during the fourth quarter. Trust Co. of Oklahoma now owns 1,296 shares of the specialty chemicals company’s stock valued at $510,000 after purchasing an additional 88 shares during the last quarter. Hedge funds and other institutional investors own 76.63% of the company’s stock.

In related news, Director Jeff M. Fettig acquired 500 shares of the firm’s stock in a transaction that occurred on Wednesday, May 22nd. The stock was acquired at an average cost of $432.07 per share, for a total transaction of $216,035.00. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Robert F. Lynch sold 6,984 shares of the firm’s stock in a transaction dated Monday, May 13th. The shares were sold at an average price of $430.54, for a total value of $3,006,891.36. Following the completion of the sale, the insider now owns 13,855 shares of the company’s stock, valued at $5,965,131.70. The disclosure for this sale can be found here. 0.50% of the stock is currently owned by corporate insiders.

Shares of Sherwin-Williams stock traded up $0.15 during midday trading on Friday, hitting $430.72. 339,192 shares of the company were exchanged, compared to its average volume of 632,145. The company has a market capitalization of $39.87 billion, a PE ratio of 23.24, a price-to-earnings-growth ratio of 1.79 and a beta of 1.26. Sherwin-Williams Co has a 52 week low of $355.28 and a 52 week high of $479.64. The company has a debt-to-equity ratio of 2.52, a current ratio of 0.96 and a quick ratio of 0.56.

Sherwin-Williams (NYSE:SHW) last announced its quarterly earnings data on Tuesday, April 23rd. The specialty chemicals company reported $3.60 EPS for the quarter, missing analysts’ consensus estimates of $3.63 by ($0.03). The company had revenue of $4.04 billion for the quarter, compared to analyst estimates of $4.09 billion. Sherwin-Williams had a return on equity of 47.09% and a net margin of 6.27%. The firm’s revenue for the quarter was up 1.9% on a year-over-year basis. During the same period last year, the firm earned $3.57 earnings per share. Equities analysts anticipate that Sherwin-Williams Co will post 21.01 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Friday, May 31st. Stockholders of record on Friday, May 17th will be given a $1.13 dividend. This represents a $4.52 annualized dividend and a dividend yield of 1.05%. The ex-dividend date of this dividend is Thursday, May 16th. Sherwin-Williams’s payout ratio is 24.39%.

SHW has been the subject of several analyst reports. Credit Suisse Group reaffirmed a “buy” rating and set a $467.00 target price on shares of Sherwin-Williams in a report on Thursday, January 31st. Robert W. Baird reaffirmed an “outperform” rating and set a $480.00 target price (up from $450.00) on shares of Sherwin-Williams in a report on Friday, February 1st. Barclays reaffirmed a “hold” rating and set a $440.00 target price on shares of Sherwin-Williams in a report on Sunday, February 3rd. Zacks Investment Research downgraded Sherwin-Williams from a “hold” rating to a “sell” rating in a research note on Monday, February 18th. Finally, KeyCorp increased their price objective on Sherwin-Williams from $450.00 to $485.00 and gave the stock an “overweight” rating in a research note on Friday, February 22nd. One analyst has rated the stock with a sell rating, nine have issued a hold rating and fourteen have issued a buy rating to the company. The company has a consensus rating of “Buy” and an average price target of $480.05.

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Sherwin-Williams Profile

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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Institutional Ownership by Quarter for Sherwin-Williams (NYSE:SHW)

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