Capital Research Global Investors Buys 960,724 Shares of The Sherwin-Williams Company (NYSE:SHW)

Capital Research Global Investors increased its stake in The Sherwin-Williams Company (NYSE:SHW) by 47.1% during the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 2,998,647 shares of the specialty chemicals company’s stock after buying an additional 960,724 shares during the period. Capital Research Global Investors owned 1.19% of Sherwin-Williams worth $1,019,329,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also added to or reduced their stakes in the stock. Norges Bank purchased a new stake in shares of Sherwin-Williams during the fourth quarter valued at approximately $1,359,747,000. Barclays PLC boosted its stake in Sherwin-Williams by 54.2% during the 4th quarter. Barclays PLC now owns 2,073,533 shares of the specialty chemicals company’s stock valued at $704,855,000 after purchasing an additional 728,798 shares during the last quarter. Raymond James Financial Inc. bought a new stake in shares of Sherwin-Williams in the 4th quarter worth $230,829,000. Proficio Capital Partners LLC increased its holdings in Sherwin-Williams by 41,520.8% in the 4th quarter. Proficio Capital Partners LLC now owns 479,472 shares of the specialty chemicals company’s stock worth $162,987,000 after buying an additional 478,320 shares in the last quarter. Finally, JPMorgan Chase & Co. boosted its holdings in shares of Sherwin-Williams by 28.6% during the 4th quarter. JPMorgan Chase & Co. now owns 2,032,170 shares of the specialty chemicals company’s stock valued at $690,796,000 after acquiring an additional 451,505 shares during the last quarter. Hedge funds and other institutional investors own 77.67% of the company’s stock.

Sherwin-Williams Stock Performance

Shares of NYSE:SHW opened at $333.03 on Friday. The firm has a 50 day moving average of $344.78 and a 200 day moving average of $358.89. The company has a quick ratio of 0.46, a current ratio of 0.79 and a debt-to-equity ratio of 2.02. The company has a market capitalization of $83.76 billion, a price-to-earnings ratio of 31.57, a price-to-earnings-growth ratio of 2.98 and a beta of 1.26. The Sherwin-Williams Company has a 52 week low of $282.09 and a 52 week high of $400.42.

Sherwin-Williams (NYSE:SHW) last issued its quarterly earnings data on Thursday, January 30th. The specialty chemicals company reported $2.09 earnings per share for the quarter, topping 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 quarter in the previous year, the company posted $1.81 earnings per share. On average, sell-side analysts predict that The Sherwin-Williams Company will post 12 earnings per share for the current fiscal year.

Sherwin-Williams Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, June 6th. Stockholders of record on Friday, May 16th will be issued a dividend of $0.79 per share. The ex-dividend date is Friday, May 16th. This represents a $3.16 annualized dividend and a dividend yield of 0.95%. Sherwin-Williams’s dividend payout ratio is presently 29.95%.

Wall Street Analyst Weigh In

A number of equities analysts have recently issued reports on SHW shares. Mizuho set a $395.00 price target on Sherwin-Williams in a research note on Tuesday. Wells Fargo & Company reduced their price target on shares of Sherwin-Williams from $380.00 to $350.00 and set an “equal weight” rating for the company in a research report on Wednesday, April 9th. 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. Zelman & Associates upgraded shares of Sherwin-Williams to a “strong-buy” rating in a research report on Friday, January 17th. Finally, Robert W. Baird set a $370.00 price objective on shares of Sherwin-Williams in a research report on Friday, January 31st. Six equities research analysts have rated the stock with a hold rating, eleven have issued a buy rating and two have assigned a strong buy rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $392.50.

Insider Transactions at Sherwin-Williams

In related news, insider Colin M. Davie sold 2,799 shares of Sherwin-Williams stock in a transaction that occurred 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 completion of the sale, the insider now directly owns 5,365 shares in the company, valued at $1,933,009.50. This trade represents a 34.28 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Insiders own 0.60% of the company’s stock.

About Sherwin-Williams

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.