Cetera Investment Advisers Acquires 3,681 Shares of The Sherwin-Williams Company (NYSE:SHW)

Cetera Investment Advisers boosted its holdings in shares of The Sherwin-Williams Company (NYSE:SHW) by 6.3% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 61,674 shares of the specialty chemicals company’s stock after buying an additional 3,681 shares during the period. Cetera Investment Advisers’ holdings in Sherwin-Williams were worth $20,965,000 as of its most recent SEC filing.

A number of other large investors have also recently made changes to their positions in the business. Norges Bank bought a new position in Sherwin-Williams in the 4th quarter valued at about $1,359,747,000. Capital Research Global Investors raised its stake in shares of Sherwin-Williams by 47.1% in the fourth quarter. Capital Research Global Investors now owns 2,998,647 shares of the specialty chemicals company’s stock worth $1,019,329,000 after purchasing an additional 960,724 shares during the last quarter. Barclays PLC lifted its holdings in shares of Sherwin-Williams by 54.2% in the fourth 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 in the last quarter. Raymond James Financial Inc. purchased a new position in shares of Sherwin-Williams during the fourth quarter valued at approximately $230,829,000. Finally, Northern Trust Corp grew its holdings in Sherwin-Williams by 28.0% during the fourth quarter. Northern Trust Corp now owns 2,725,827 shares of the specialty chemicals company’s stock worth $926,590,000 after buying an additional 595,586 shares in the last quarter. 77.67% of the stock is owned by institutional investors.

Sherwin-Williams Stock Up 0.6 %

Shares of NYSE SHW opened at $353.60 on Friday. 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 stock has a market capitalization of $88.61 billion, a PE ratio of 33.52, a P/E/G ratio of 2.98 and a beta of 1.25. The Sherwin-Williams Company has a one year low of $282.09 and a one year high of $400.42. The business’s fifty day moving average price is $341.88 and its 200-day moving average price is $355.42.

Sherwin-Williams (NYSE:SHW) last released its quarterly earnings data on Tuesday, April 29th. The specialty chemicals company reported $2.25 EPS for the quarter, beating the consensus estimate of $2.23 by $0.02. The business had revenue of $5.31 billion for the quarter, compared to the consensus estimate of $5.42 billion. Sherwin-Williams had a net margin of 11.61% and a return on equity of 74.50%. The company’s revenue was down 1.1% compared to the same quarter last year. During the same period in the prior year, the firm earned $2.17 earnings per share. On average, equities research analysts anticipate that The Sherwin-Williams Company will post 12 EPS for the current year.

Sherwin-Williams Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, June 6th. Shareholders of record on Friday, May 16th will be issued a dividend of $0.79 per share. The ex-dividend date of this dividend is Friday, May 16th. This represents a $3.16 dividend on an annualized basis and a yield of 0.89%. Sherwin-Williams’s payout ratio is 29.87%.

Analysts Set New Price Targets

Several brokerages have weighed in on SHW. JPMorgan Chase & Co. raised 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. Mizuho set a $395.00 price target on shares of Sherwin-Williams in a report on Tuesday, April 15th. Zelman & Associates raised shares of Sherwin-Williams to a “strong-buy” rating in a research report on Friday, January 17th. Jefferies Financial Group reissued 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, Barclays reduced their target price on Sherwin-Williams from $385.00 to $355.00 and set an “equal weight” rating for the company in a report on Tuesday, April 1st. Five research analysts have rated the stock with a hold rating, eleven have assigned a buy rating and two have assigned a strong buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $397.00.

Insiders Place Their Bets

In related news, insider Colin M. Davie sold 2,799 shares of the business’s stock in a transaction on Thursday, February 27th. The stock was sold at an average price of $360.30, for a total transaction of $1,008,479.70. Following the sale, the insider now directly owns 5,365 shares in the company, valued at approximately $1,933,009.50. The trade was a 34.28 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Company insiders own 0.60% of the company’s stock.

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.