Flossbach Von Storch SE Grows Position in The Sherwin-Williams Company (NYSE:SHW)

Flossbach Von Storch SE lifted its position in shares of The Sherwin-Williams Company (NYSE:SHW) by 5.7% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 751,803 shares of the specialty chemicals company’s stock after buying an additional 40,216 shares during the period. Sherwin-Williams comprises 1.0% of Flossbach Von Storch SE’s investment portfolio, making the stock its 28th largest position. Flossbach Von Storch SE owned 0.30% of Sherwin-Williams worth $255,560,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of SHW. Valued Wealth Advisors LLC grew its position in Sherwin-Williams by 88.9% during the 3rd quarter. Valued Wealth Advisors LLC now owns 68 shares of the specialty chemicals company’s stock worth $26,000 after acquiring an additional 32 shares during the last quarter. First Personal Financial Services bought a new stake in shares of Sherwin-Williams in the 3rd quarter worth approximately $29,000. FSA Wealth Management LLC bought a new stake in shares of Sherwin-Williams in the 3rd quarter worth approximately $32,000. GHP Investment Advisors Inc. boosted its position in shares of Sherwin-Williams by 47.5% during the third quarter. GHP Investment Advisors Inc. now owns 87 shares of the specialty chemicals company’s stock valued at $33,000 after purchasing an additional 28 shares in the last quarter. Finally, Sierra Ocean LLC bought a new stake in shares of Sherwin-Williams during the fourth quarter valued at approximately $36,000. 77.67% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

SHW has been the topic of several research reports. Evercore ISI lifted their price target on Sherwin-Williams from $400.00 to $420.00 and gave the company an “outperform” rating in a research report on Thursday, November 7th. Robert W. Baird lifted their price objective on Sherwin-Williams from $350.00 to $360.00 and gave the company a “neutral” rating in a research note on Wednesday, October 23rd. Mizuho lowered their price objective on Sherwin-Williams from $435.00 to $408.00 and set an “outperform” rating for the company in a research note on Tuesday, January 7th. Citigroup lowered their price objective on Sherwin-Williams from $430.00 to $420.00 and set a “buy” rating for the company in a research note on Thursday, October 24th. Finally, JPMorgan Chase & Co. lifted their price objective on Sherwin-Williams from $370.00 to $390.00 and gave the company an “overweight” rating in a research note on Monday, February 3rd. One equities research analyst has rated the stock with a sell rating, six have given a hold rating, twelve have issued a buy rating and two have assigned a strong buy rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $400.00.

Sherwin-Williams Price Performance

Shares of Sherwin-Williams stock opened at $351.39 on Thursday. The company has a debt-to-equity ratio of 2.02, a current ratio of 0.79 and a quick ratio of 0.46. The business has a 50 day simple moving average of $351.78 and a two-hundred day simple moving average of $365.30. The stock has a market capitalization of $88.50 billion, a P/E ratio of 33.31, a PEG ratio of 3.04 and a beta of 1.22. The Sherwin-Williams Company has a 12 month low of $282.09 and a 12 month high of $400.42.

Sherwin-Williams (NYSE:SHW) last released its quarterly earnings data on Thursday, January 30th. The specialty chemicals company reported $2.09 EPS for the quarter, beating analysts’ consensus estimates of $2.07 by $0.02. Sherwin-Williams had a net margin of 11.61% and a return on equity of 74.50%. During the same period in the prior year, the business posted $1.81 earnings per share. As a group, analysts predict that The Sherwin-Williams Company will post 12 EPS for the current fiscal year.

Sherwin-Williams Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, March 14th. Stockholders of record on Monday, March 3rd will be given a dividend of $0.79 per share. This is a boost from Sherwin-Williams’s previous quarterly dividend of $0.72. This represents a $3.16 annualized dividend and a dividend yield of 0.90%. Sherwin-Williams’s payout ratio is presently 27.11%.

Insider Activity at Sherwin-Williams

In other Sherwin-Williams news, SVP Mary L. Garceau sold 15,770 shares of the business’s stock in a transaction dated Tuesday, November 26th. The shares were sold at an average price of $397.92, for a total value of $6,275,198.40. Following the transaction, the senior vice president now directly owns 29,205 shares in the company, valued at $11,621,253.60. The trade was a 35.06 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. 0.60% of the stock is currently owned by 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.