Janus Henderson Group PLC lifted its position in Sherwin-Williams Co (NYSE:SHW) by 4.2% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 1,434,859 shares of the specialty chemicals company’s stock after acquiring an additional 57,737 shares during the quarter. Janus Henderson Group PLC owned 1.55% of Sherwin-Williams worth $618,002,000 at the end of the most recent reporting period.
Several other institutional investors have also recently added to or reduced their stakes in the company. Neuberger Berman Group LLC lifted its stake in Sherwin-Williams by 2.9% during the 3rd quarter. Neuberger Berman Group LLC now owns 446,292 shares of the specialty chemicals company’s stock valued at $203,160,000 after acquiring an additional 12,747 shares during the period. Carroll Financial Associates Inc. lifted its stake in Sherwin-Williams by 4.3% during the 4th quarter. Carroll Financial Associates Inc. now owns 657 shares of the specialty chemicals company’s stock valued at $260,000 after acquiring an additional 27 shares during the period. Dupont Capital Management Corp lifted its stake in Sherwin-Williams by 37.1% during the 4th quarter. Dupont Capital Management Corp now owns 18,172 shares of the specialty chemicals company’s stock valued at $7,150,000 after acquiring an additional 4,913 shares during the period. CAPROCK Group Inc. lifted its stake in Sherwin-Williams by 13.5% during the 4th quarter. CAPROCK Group Inc. now owns 1,686 shares of the specialty chemicals company’s stock valued at $663,000 after acquiring an additional 201 shares during the period. Finally, Trust Co. of Oklahoma lifted its stake in Sherwin-Williams by 7.3% during the 4th quarter. Trust Co. of Oklahoma now owns 1,296 shares of the specialty chemicals company’s stock valued at $510,000 after acquiring an additional 88 shares during the period. Hedge funds and other institutional investors own 76.63% of the company’s stock.
Sherwin-Williams stock traded up $0.15 during mid-day trading on Friday, hitting $430.72. The company had a trading volume of 339,192 shares, compared to its average volume of 632,145. The company has a quick ratio of 0.56, a current ratio of 0.96 and a debt-to-equity ratio of 2.52. The firm has a market capitalization of $39.87 billion, a P/E ratio of 23.24, a P/E/G ratio of 1.79 and a beta of 1.26. Sherwin-Williams Co has a 1 year low of $355.28 and a 1 year high of $479.64.
Sherwin-Williams (NYSE:SHW) last announced its earnings results on Tuesday, April 23rd. The specialty chemicals company reported $3.60 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $3.63 by ($0.03). Sherwin-Williams had a return on equity of 47.09% and a net margin of 6.27%. The business had revenue of $4.04 billion for the quarter, compared to analysts’ expectations of $4.09 billion. During the same quarter last year, the business posted $3.57 earnings per share. The business’s revenue was up 1.9% on a year-over-year basis. As a group, research analysts expect that Sherwin-Williams Co will post 21.01 earnings per share for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, May 31st. Investors of record on Friday, May 17th will be given a $1.13 dividend. The ex-dividend date of this dividend is Thursday, May 16th. This represents a $4.52 dividend on an annualized basis and a yield of 1.05%. Sherwin-Williams’s dividend payout ratio (DPR) is 24.39%.
In related news, insider Robert F. Lynch sold 6,984 shares of Sherwin-Williams stock in a transaction on 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 transaction, the insider now directly owns 13,855 shares in the company, valued at approximately $5,965,131.70. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Jeff M. Fettig bought 500 shares of Sherwin-Williams stock in a transaction on Wednesday, May 22nd. The stock was acquired at an average cost of $432.07 per share, with a total value of $216,035.00. The disclosure for this purchase can be found here. Company insiders own 0.50% of the company’s stock.
A number of research firms have recently issued reports on SHW. Zacks Investment Research raised shares of Sherwin-Williams from a “sell” rating to a “hold” rating in a report on Tuesday, March 19th. Wells Fargo & Co upped their price objective on shares of Sherwin-Williams from $475.00 to $510.00 and gave the company an “outperform” rating in a report on Wednesday, April 24th. BMO Capital Markets upped their price objective on shares of Sherwin-Williams from $441.00 to $473.00 and gave the company a “market perform” rating in a report on Wednesday, April 24th. Barclays upped their price objective on shares of Sherwin-Williams from $440.00 to $470.00 and gave the company an “equal weight” rating in a report on Wednesday, April 24th. Finally, Wolfe Research cut shares of Sherwin-Williams from an “outperform” rating to a “peer perform” rating in a research report on Thursday, April 25th. One research 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 stock currently has an average rating of “Buy” and an average target price of $480.05.
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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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