Generali Asset Management SPA SGR Buys Shares of 23,245 The Sherwin-Williams Company (NYSE:SHW)

Generali Asset Management SPA SGR bought a new stake in shares of The Sherwin-Williams Company (NYSE:SHWFree Report) during the 4th quarter, HoldingsChannel.com reports. The institutional investor bought 23,245 shares of the specialty chemicals company’s stock, valued at approximately $7,902,000.

Other large investors have also recently bought and sold shares of the company. Midwest Capital Advisors LLC acquired a new position in shares of Sherwin-Williams in the 4th quarter worth approximately $26,000. FSA Wealth Management LLC acquired a new stake in shares of Sherwin-Williams during the third quarter worth approximately $32,000. True Wealth Design LLC boosted its holdings in shares of Sherwin-Williams by 1,000.0% during the third quarter. True Wealth Design LLC now owns 99 shares of the specialty chemicals company’s stock worth $38,000 after purchasing an additional 90 shares during the period. Sierra Ocean LLC acquired a new stake in Sherwin-Williams in the fourth quarter valued at approximately $36,000. Finally, WR Wealth Planners LLC lifted its stake in Sherwin-Williams by 41.7% in the fourth quarter. WR Wealth Planners LLC now owns 119 shares of the specialty chemicals company’s stock valued at $40,000 after acquiring an additional 35 shares during the last quarter. Institutional investors and hedge funds own 77.67% of the company’s stock.

Sherwin-Williams Price Performance

Sherwin-Williams stock opened at $342.73 on Tuesday. The company has a debt-to-equity ratio of 2.02, a quick ratio of 0.46 and a current ratio of 0.79. The Sherwin-Williams Company has a 52-week low of $282.09 and a 52-week high of $400.42. The stock’s 50 day moving average price is $353.95 and its two-hundred day moving average price is $365.49. The stock has a market capitalization of $86.20 billion, a price-to-earnings ratio of 32.49, a PEG ratio of 2.98 and a beta of 1.23.

Sherwin-Williams (NYSE:SHWGet Free Report) last released its quarterly earnings results 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 return on equity of 74.50% and a net margin of 11.61%. During the same period last year, the company posted $1.81 earnings per share. On average, equities analysts predict that The Sherwin-Williams Company will post 12 earnings per share for the current year.

Sherwin-Williams Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, March 14th. Stockholders of record on Monday, March 3rd were paid a dividend of $0.79 per share. This is an increase from Sherwin-Williams’s previous quarterly dividend of $0.72. The ex-dividend date of this dividend was Monday, March 3rd. This represents a $3.16 annualized dividend and a dividend yield of 0.92%. Sherwin-Williams’s dividend payout ratio is presently 29.95%.

Analysts Set New Price Targets

A number of equities analysts have recently commented on SHW shares. Berenberg Bank raised shares of Sherwin-Williams from a “hold” rating to a “buy” rating and lifted their price target for the company from $321.00 to $420.00 in a research report on Friday, January 24th. StockNews.com cut shares of Sherwin-Williams from a “buy” rating to a “hold” rating in a research note on Thursday, November 28th. Royal Bank of Canada dropped their price objective on shares of Sherwin-Williams from $438.00 to $415.00 and set an “outperform” rating for the company in a research note on Monday, February 3rd. Jefferies Financial Group reiterated a “hold” rating and set a $380.00 target price (down previously from $423.00) on shares of Sherwin-Williams in a research report on Monday, March 10th. Finally, JPMorgan Chase & Co. increased their target price on shares of Sherwin-Williams from $370.00 to $390.00 and gave the stock an “overweight” rating in a research report on Monday, February 3rd. One analyst has rated the stock with a sell rating, six have assigned a hold rating, ten have issued a buy rating and two have assigned a strong buy rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $401.13.

Check Out Our Latest Report on SHW

Insiders Place Their Bets

In other Sherwin-Williams news, insider Colin M. Davie sold 2,799 shares of the firm’s stock in a transaction dated Thursday, February 27th. The stock was sold at an average price of $360.30, for a total value of $1,008,479.70. Following the sale, the insider now owns 5,365 shares of the company’s stock, valued at $1,933,009.50. This trade represents a 34.28 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. 0.60% of the stock is owned by corporate insiders.

Sherwin-Williams Company Profile

(Free Report)

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.

See Also

Want to see what other hedge funds are holding SHW? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for The Sherwin-Williams Company (NYSE:SHWFree Report).

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

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