The Sherwin-Williams Company (NYSE:SHW) Shares Acquired by JLB & Associates Inc.

JLB & Associates Inc. lifted its stake in The Sherwin-Williams Company (NYSE:SHW) by 4.3% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 38,056 shares of the specialty chemicals company’s stock after purchasing an additional 1,576 shares during the period. Sherwin-Williams makes up 1.8% of JLB & Associates Inc.’s investment portfolio, making the stock its 25th largest holding. JLB & Associates Inc.’s holdings in Sherwin-Williams were worth $12,936,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors have also recently added to or reduced their stakes in the stock. Capital Advisors Ltd. LLC lifted its position in shares of Sherwin-Williams by 2.4% during the 3rd quarter. Capital Advisors Ltd. LLC now owns 1,201 shares of the specialty chemicals company’s stock valued at $458,000 after acquiring an additional 28 shares during the period. GHP Investment Advisors Inc. increased its stake in Sherwin-Williams by 47.5% in the 3rd 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. Allworth Financial LP raised its holdings in Sherwin-Williams by 1.8% during the third quarter. Allworth Financial LP now owns 1,560 shares of the specialty chemicals company’s stock worth $595,000 after purchasing an additional 28 shares during the last quarter. First Interstate Bank boosted its position in Sherwin-Williams by 1.9% during the third quarter. First Interstate Bank now owns 1,466 shares of the specialty chemicals company’s stock worth $560,000 after purchasing an additional 28 shares in the last quarter. Finally, Kornitzer Capital Management Inc. KS grew its holdings in Sherwin-Williams by 4.2% in the third quarter. Kornitzer Capital Management Inc. KS now owns 720 shares of the specialty chemicals company’s stock valued at $275,000 after purchasing an additional 29 shares during the last quarter. Hedge funds and other institutional investors own 77.67% of the company’s stock.

Sherwin-Williams Stock Performance

NYSE:SHW opened at $349.85 on Friday. The Sherwin-Williams Company has a fifty-two week low of $282.09 and a fifty-two week high of $400.42. The firm’s 50 day moving average is $351.44 and its two-hundred day moving average is $365.20. The company has a market cap of $88.11 billion, a P/E ratio of 33.16, a P/E/G ratio of 3.00 and a beta of 1.22. The company has a quick ratio of 0.46, a current ratio of 0.79 and a debt-to-equity ratio of 2.02.

Sherwin-Williams (NYSE:SHW) last issued its earnings results on Thursday, January 30th. The specialty chemicals company reported $2.09 earnings per share for the quarter, beating analysts’ consensus estimates of $2.07 by $0.02. Sherwin-Williams had a return on equity of 74.50% and a net margin of 11.61%. During the same period in the previous year, the company earned $1.81 EPS. Analysts expect that The Sherwin-Williams Company will post 12 EPS for the current year.

Sherwin-Williams Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, March 14th. Investors of record on Monday, March 3rd will be given a dividend of $0.79 per share. This represents a $3.16 dividend on an annualized basis and a yield of 0.90%. The ex-dividend date is Monday, March 3rd. This is an increase from Sherwin-Williams’s previous quarterly dividend of $0.72. Sherwin-Williams’s dividend payout ratio is 27.11%.

Wall Street Analyst Weigh In

Several research analysts have recently issued reports on SHW shares. Citigroup cut their price target 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. Berenberg Bank upgraded shares of Sherwin-Williams from a “hold” rating to a “buy” rating and lifted their target price for the stock from $321.00 to $420.00 in a research report on Friday, January 24th. Morgan Stanley lowered their price target on shares of Sherwin-Williams from $450.00 to $405.00 and set an “overweight” rating on the stock in a research report on Tuesday, January 28th. Evercore ISI raised their price objective on shares of Sherwin-Williams from $400.00 to $420.00 and gave the stock an “outperform” rating in a research note on Thursday, November 7th. Finally, StockNews.com cut shares of Sherwin-Williams from a “buy” rating to a “hold” rating in a research note on Thursday, November 28th. One investment analyst has rated the stock with a sell rating, six have given a hold rating, twelve have given a buy rating and two have given a strong buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $400.00.

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 that occurred on Tuesday, November 26th. The shares were sold at an average price of $397.92, for a total transaction of $6,275,198.40. Following the completion of the sale, 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 ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 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.