Capital International Investors Increases Stock Holdings in The Sherwin-Williams Company (NYSE:SHW)

Capital International Investors increased its holdings in The Sherwin-Williams Company (NYSE:SHW) by 10.5% during the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 2,302,120 shares of the specialty chemicals company’s stock after buying an additional 219,149 shares during the period. Capital International Investors’ holdings in Sherwin-Williams were worth $799,595,000 as of its most recent SEC filing.

A number of other large investors have also recently added to or reduced their stakes in the business. Vanguard Group Inc. raised its holdings in shares of Sherwin-Williams by 0.9% in the first quarter. Vanguard Group Inc. now owns 21,620,939 shares of the specialty chemicals company’s stock worth $7,509,601,000 after acquiring an additional 184,979 shares during the last quarter. Capital World Investors boosted its stake in shares of Sherwin-Williams by 38.9% during the fourth quarter. Capital World Investors now owns 3,840,789 shares of the specialty chemicals company’s stock valued at $1,197,952,000 after acquiring an additional 1,075,351 shares during the last quarter. Norges Bank acquired a new stake in shares of Sherwin-Williams during the fourth quarter valued at $1,176,356,000. Clearbridge Investments LLC boosted its stake in shares of Sherwin-Williams by 4.4% during the fourth quarter. Clearbridge Investments LLC now owns 2,779,294 shares of the specialty chemicals company’s stock valued at $866,862,000 after acquiring an additional 116,647 shares during the last quarter. Finally, Capital Research Global Investors boosted its stake in shares of Sherwin-Williams by 2.3% during the fourth quarter. Capital Research Global Investors now owns 2,536,096 shares of the specialty chemicals company’s stock valued at $791,008,000 after acquiring an additional 56,161 shares during the last quarter. 77.67% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of analysts recently commented on SHW shares. Morgan Stanley increased their price objective on Sherwin-Williams from $338.00 to $375.00 and gave the company an “overweight” rating in a research note on Wednesday. Mizuho reduced their price target on Sherwin-Williams from $340.00 to $334.00 and set a “buy” rating on the stock in a research note on Wednesday, April 24th. Robert W. Baird raised their price objective on Sherwin-Williams from $310.00 to $325.00 and gave the stock a “neutral” rating in a report on Wednesday. UBS Group dropped their target price on Sherwin-Williams from $385.00 to $355.00 and set a “buy” rating for the company in a research note on Tuesday, July 9th. Finally, Citigroup decreased their price target on Sherwin-Williams from $390.00 to $370.00 and set a “buy” rating on the stock in a research note on Thursday, April 25th. One research analyst has rated the stock with a sell rating, seven have given a hold rating, thirteen have given a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, Sherwin-Williams currently has an average rating of “Moderate Buy” and a consensus target price of $355.00.

Sherwin-Williams Stock Up 1.9 %

NYSE:SHW traded up $6.48 during mid-day trading on Friday, hitting $349.22. The company had a trading volume of 1,918,802 shares, compared to its average volume of 1,622,022. The business has a fifty day simple moving average of $307.26 and a 200-day simple moving average of $314.74. The firm has a market capitalization of $88.09 billion, a price-to-earnings ratio of 37.23, a PEG ratio of 2.79 and a beta of 1.16. The Sherwin-Williams Company has a 1 year low of $232.06 and a 1 year high of $351.99. The company has a current ratio of 0.81, a quick ratio of 0.46 and a debt-to-equity ratio of 2.17.

Sherwin-Williams (NYSE:SHW) last issued its quarterly earnings data on Tuesday, July 23rd. The specialty chemicals company reported $3.70 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.51 by $0.19. Sherwin-Williams had a net margin of 10.92% and a return on equity of 75.58%. The company had revenue of $6.27 billion during the quarter, compared to the consensus estimate of $6.33 billion. During the same quarter last year, the company earned $3.29 earnings per share. Sherwin-Williams’s revenue for the quarter was up .5% on a year-over-year basis. Equities analysts forecast that The Sherwin-Williams Company will post 11.38 earnings per share for the current fiscal year.

Sherwin-Williams Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, September 6th. Stockholders of record on Friday, August 16th will be given a dividend of $0.715 per share. This represents a $2.86 dividend on an annualized basis and a dividend yield of 0.82%. The ex-dividend date of this dividend is Friday, August 16th. Sherwin-Williams’s payout ratio is 30.49%.

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.