Jump Financial LLC Has $10.82 Million Stake in The Sherwin-Williams Company (NYSE:SHW)

Jump Financial LLC grew its holdings in shares of The Sherwin-Williams Company (NYSE:SHW) by 174.7% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 31,830 shares of the specialty chemicals company’s stock after acquiring an additional 20,242 shares during the period. Jump Financial LLC’s holdings in Sherwin-Williams were worth $10,820,000 as of its most recent SEC filing.

Several other hedge funds have also recently made changes to their positions in SHW. Kane Investment Management Inc. acquired a new stake in Sherwin-Williams during the fourth quarter worth approximately $833,000. Guggenheim Capital LLC boosted its holdings in shares of Sherwin-Williams by 3.8% during the 4th quarter. Guggenheim Capital LLC now owns 181,412 shares of the specialty chemicals company’s stock worth $61,667,000 after buying an additional 6,659 shares in the last quarter. Aware Super Pty Ltd as trustee of Aware Super acquired a new stake in shares of Sherwin-Williams during the 4th quarter worth approximately $15,211,000. Canada Post Corp Registered Pension Plan bought a new stake in shares of Sherwin-Williams in the 4th quarter valued at $11,482,000. Finally, Value Partners Investments Inc. boosted its stake in Sherwin-Williams by 4.6% during the fourth quarter. Value Partners Investments Inc. now owns 6,683 shares of the specialty chemicals company’s stock worth $2,272,000 after acquiring an additional 296 shares in the last quarter. 77.67% of the stock is owned by institutional investors.

Sherwin-Williams Price Performance

Shares of NYSE SHW opened at $341.13 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 fifty-two week low of $282.09 and a fifty-two week high of $400.42. The stock has a market cap of $85.80 billion, a PE ratio of 32.33, a price-to-earnings-growth ratio of 2.98 and a beta of 1.26. The stock has a fifty day moving average of $347.01 and a 200-day moving average of $359.91.

Sherwin-Williams (NYSE:SHW) last announced its quarterly earnings results on Thursday, January 30th. The specialty chemicals company reported $2.09 earnings per share for the quarter, beating the consensus estimate 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 quarter in the previous year, the firm earned $1.81 EPS. Equities research analysts anticipate 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 given a dividend of $0.79 per share. This is a positive change from Sherwin-Williams’s previous quarterly dividend of $0.72. This represents a $3.16 dividend on an annualized basis and a dividend yield of 0.93%. The ex-dividend date was Monday, March 3rd. Sherwin-Williams’s payout ratio is 29.95%.

Insider Activity at Sherwin-Williams

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

Analyst Upgrades and Downgrades

SHW has been the topic of several research reports. UBS Group dropped their price objective on shares of Sherwin-Williams from $430.00 to $400.00 and set a “buy” rating on the stock in a report on Monday, April 7th. Berenberg Bank raised shares of Sherwin-Williams from a “hold” rating to a “buy” rating and raised their price objective for the company from $321.00 to $420.00 in a research note on Friday, January 24th. Robert W. Baird set a $370.00 price target on Sherwin-Williams in a research note on Friday, January 31st. Royal Bank of Canada cut their target price on Sherwin-Williams from $438.00 to $415.00 and set an “outperform” rating on the stock in a research report on Monday, February 3rd. Finally, Wells Fargo & Company cut their price objective on shares of Sherwin-Williams from $380.00 to $350.00 and set an “equal weight” rating on the stock in a report on Wednesday, April 9th. Six investment analysts have rated the stock with a hold rating, eleven have given a buy rating and two have assigned a strong buy rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $393.31.

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.