US Bancorp DE Decreases Stock Holdings in The Sherwin-Williams Company (NYSE:SHW)

US Bancorp DE cut its stake in shares of The Sherwin-Williams Company (NYSE:SHW) by 1.9% in the fourth quarter, according to its most recent disclosure with the SEC. The firm owned 159,423 shares of the specialty chemicals company’s stock after selling 3,119 shares during the period. US Bancorp DE owned about 0.06% of Sherwin-Williams worth $54,193,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. FMR LLC raised its position in shares of Sherwin-Williams by 18.2% during the 3rd quarter. FMR LLC now owns 6,482,662 shares of the specialty chemicals company’s stock worth $2,474,238,000 after purchasing an additional 999,164 shares during the last quarter. Geode Capital Management LLC boosted its holdings in Sherwin-Williams by 1.3% in the 3rd quarter. Geode Capital Management LLC now owns 4,733,131 shares of the specialty chemicals company’s stock worth $1,799,196,000 after buying an additional 58,463 shares during the last quarter. Alphinity Investment Management Pty Ltd increased its stake in Sherwin-Williams by 5.6% during the 4th quarter. Alphinity Investment Management Pty Ltd now owns 2,171,802 shares of the specialty chemicals company’s stock worth $738,261,000 after buying an additional 114,591 shares in the last quarter. Bank of New York Mellon Corp raised its holdings in shares of Sherwin-Williams by 12.2% during the fourth quarter. Bank of New York Mellon Corp now owns 1,724,746 shares of the specialty chemicals company’s stock valued at $586,293,000 after acquiring an additional 187,724 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. lifted its position in shares of Sherwin-Williams by 1.1% in the third quarter. Charles Schwab Investment Management Inc. now owns 1,421,090 shares of the specialty chemicals company’s stock valued at $542,387,000 after acquiring an additional 15,843 shares in the last quarter. 77.67% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several research analysts recently commented on SHW shares. Zelman & Associates raised Sherwin-Williams to a “strong-buy” rating in a research note on Friday, January 17th. Robert W. Baird set a $370.00 price objective on shares of Sherwin-Williams in a report on Friday, January 31st. Citigroup restated a “buy” rating and set a $423.00 target price (up from $418.00) on shares of Sherwin-Williams in a report on Wednesday. Mizuho cut their price target on Sherwin-Williams from $435.00 to $408.00 and set an “outperform” rating for the company in a report on Tuesday, January 7th. Finally, Morgan Stanley reduced their price objective on Sherwin-Williams from $450.00 to $405.00 and set an “overweight” rating on the stock in a research report on Tuesday, January 28th. One research analyst has rated the stock with a sell rating, five have given a hold rating, eleven have assigned a buy rating and two have assigned a strong buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $403.31.

Sherwin-Williams Stock Performance

NYSE SHW opened at $362.46 on Friday. The stock has a market cap of $91.16 billion, a PE ratio of 34.36, a P/E/G ratio of 2.98 and a beta of 1.22. The Sherwin-Williams Company has a twelve month low of $282.09 and a twelve month high of $400.42. The stock has a fifty day simple moving average of $351.26 and a 200-day simple moving average of $365.76. The company has a current ratio of 0.79, a quick ratio of 0.46 and a debt-to-equity ratio of 2.02.

Sherwin-Williams (NYSE:SHW) last announced its earnings results on Thursday, January 30th. The specialty chemicals company reported $2.09 earnings per share for the quarter, topping the consensus estimate of $2.07 by $0.02. Sherwin-Williams had a net margin of 11.61% and a return on equity of 74.50%. During the same quarter last year, the firm earned $1.81 earnings per share. Equities 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 announced a quarterly dividend, which will be paid on Friday, March 14th. Shareholders of record on Monday, March 3rd will be given a $0.79 dividend. This is a positive change from Sherwin-Williams’s previous quarterly dividend of $0.72. The ex-dividend date of this dividend is Monday, March 3rd. This represents a $3.16 dividend on an annualized basis and a yield of 0.87%. Sherwin-Williams’s payout ratio is presently 29.95%.

Sherwin-Williams Company 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.