The Sherwin-Williams Company (NYSE:SHW) Shares Bought by Jacobi Capital Management LLC

Jacobi Capital Management LLC raised its stake in The Sherwin-Williams Company (NYSE:SHW) by 1.4% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 2,589 shares of the specialty chemicals company’s stock after purchasing an additional 36 shares during the quarter. Jacobi Capital Management LLC’s holdings in Sherwin-Williams were worth $880,000 at the end of the most recent quarter.

A number of other hedge funds also recently made changes to their positions in the stock. First Interstate Bank boosted its holdings in shares of Sherwin-Williams by 1.9% in the 3rd quarter. First Interstate Bank now owns 1,466 shares of the specialty chemicals company’s stock valued at $560,000 after purchasing an additional 28 shares during the last quarter. Kornitzer Capital Management Inc. KS boosted its holdings in shares of Sherwin-Williams by 4.2% in the 3rd quarter. Kornitzer Capital Management Inc. KS now owns 720 shares of the specialty chemicals company’s stock valued at $275,000 after purchasing an additional 29 shares during the last quarter. Essex Savings Bank boosted its holdings in shares of Sherwin-Williams by 3.4% in the 3rd quarter. Essex Savings Bank now owns 880 shares of the specialty chemicals company’s stock valued at $336,000 after purchasing an additional 29 shares during the last quarter. Legacy Capital Wealth Partners LLC boosted its holdings in shares of Sherwin-Williams by 2.9% in the 4th quarter. Legacy Capital Wealth Partners LLC now owns 1,028 shares of the specialty chemicals company’s stock valued at $350,000 after purchasing an additional 29 shares during the last quarter. Finally, Apella Capital LLC boosted its holdings in shares of Sherwin-Williams by 2.1% in the 4th quarter. Apella Capital LLC now owns 1,465 shares of the specialty chemicals company’s stock valued at $498,000 after purchasing an additional 30 shares during the last quarter. Institutional investors and hedge funds own 77.67% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have weighed in on the stock. Mizuho cut their target price on shares of Sherwin-Williams from $435.00 to $408.00 and set an “outperform” rating on the stock in a research note on Tuesday, January 7th. StockNews.com downgraded shares of Sherwin-Williams from a “buy” rating to a “hold” rating in a research note on Thursday, November 28th. Morgan Stanley cut their target price on shares of Sherwin-Williams from $450.00 to $405.00 and set an “overweight” rating on the stock in a research note on Tuesday, January 28th. Citigroup reissued a “buy” rating and issued a $423.00 target price (up previously from $418.00) on shares of Sherwin-Williams in a research note on Wednesday. Finally, Berenberg Bank raised shares of Sherwin-Williams from a “hold” rating to a “buy” rating and raised their target price for the company from $321.00 to $420.00 in a research note on Friday, January 24th. One research analyst has rated the stock with a sell rating, five have given a hold rating, eleven have issued a buy rating and two have given a strong buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $403.31.

Sherwin-Williams Price Performance

SHW opened at $362.46 on Friday. The company has a 50-day moving average of $351.26 and a 200-day moving average of $365.76. The company has a market capitalization of $91.16 billion, a P/E ratio of 34.36, a PEG ratio of 2.98 and a beta of 1.22. The Sherwin-Williams Company has a 1-year low of $282.09 and a 1-year high of $400.42. The company has a debt-to-equity ratio of 2.02, a quick ratio of 0.46 and a current ratio of 0.79.

Sherwin-Williams (NYSE:SHW) last released 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 period in the prior year, the company posted $1.81 earnings per share. Equities analysts expect that The Sherwin-Williams Company will post 12 EPS for the current fiscal year.

Sherwin-Williams Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, March 14th. Stockholders of record on Monday, March 3rd will be given a $0.79 dividend. The ex-dividend date of this dividend is Monday, March 3rd. This represents a $3.16 annualized dividend and a dividend yield of 0.87%. This is an increase from Sherwin-Williams’s previous quarterly dividend of $0.72. 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.