Jones Financial Companies Lllp Acquires 3,462 Shares of The Sherwin-Williams Company (NYSE:SHW)

Jones Financial Companies Lllp lifted its holdings in shares of The Sherwin-Williams Company (NYSE:SHW) by 25.5% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 17,012 shares of the specialty chemicals company’s stock after purchasing an additional 3,462 shares during the period. Jones Financial Companies Lllp’s holdings in Sherwin-Williams were worth $5,783,000 at the end of the most recent reporting period.

Several other large investors have also added to or reduced their stakes in the business. FMR LLC boosted its holdings 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 buying an additional 999,164 shares in the last quarter. Geode Capital Management LLC lifted its position in shares of Sherwin-Williams by 1.3% during the 3rd quarter. Geode Capital Management LLC now owns 4,733,131 shares of the specialty chemicals company’s stock valued at $1,799,196,000 after acquiring an additional 58,463 shares during the period. Alphinity Investment Management Pty Ltd lifted its position in shares of 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 valued at $738,261,000 after acquiring an additional 114,591 shares during the period. Bank of New York Mellon Corp grew its holdings in Sherwin-Williams by 12.2% in the fourth quarter. Bank of New York Mellon Corp now owns 1,724,746 shares of the specialty chemicals company’s stock worth $586,293,000 after purchasing an additional 187,724 shares during the period. Finally, Charles Schwab Investment Management Inc. increased its stake in 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 purchasing an additional 15,843 shares in the last quarter. Institutional investors and hedge funds own 77.67% of the company’s stock.

Insider Buying and Selling

In related news, insider Colin M. Davie sold 2,799 shares of the firm’s 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 transaction, the insider now directly owns 5,365 shares of the company’s stock, valued at approximately $1,933,009.50. This trade represents a 34.28 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.60% of the stock is currently owned by insiders.

Sherwin-Williams Trading Down 0.4 %

NYSE:SHW opened at $355.31 on Wednesday. The Sherwin-Williams Company has a 52 week low of $282.09 and a 52 week high of $400.42. The firm has a 50-day moving average price of $351.67 and a two-hundred day moving average price of $365.87. The company has a debt-to-equity ratio of 2.02, a quick ratio of 0.46 and a current ratio of 0.79. The firm has a market cap of $89.36 billion, a price-to-earnings ratio of 33.68, a price-to-earnings-growth ratio of 2.98 and a beta of 1.22.

Sherwin-Williams (NYSE:SHW) last issued its quarterly earnings results on Thursday, January 30th. The specialty chemicals company reported $2.09 EPS for the quarter, beating 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 prior year, the business earned $1.81 earnings per share. On average, equities analysts expect that The Sherwin-Williams Company will post 12 earnings per share for the current fiscal year.

Sherwin-Williams Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, March 14th. Shareholders of record on Monday, March 3rd will be issued a dividend of $0.79 per share. This represents a $3.16 annualized dividend and a yield of 0.89%. 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. Sherwin-Williams’s dividend payout ratio is 29.95%.

Wall Street Analyst Weigh In

Several brokerages have recently commented on SHW. Evercore ISI raised their target price on Sherwin-Williams from $400.00 to $420.00 and gave the company an “outperform” rating in a research note on Thursday, November 7th. Royal Bank of Canada reduced their price objective on Sherwin-Williams from $438.00 to $415.00 and set an “outperform” rating for the company in a research note on Monday, February 3rd. Robert W. Baird set a $370.00 target price on Sherwin-Williams in a research report on Friday, January 31st. JPMorgan Chase & Co. increased their target price on Sherwin-Williams from $370.00 to $390.00 and gave the stock an “overweight” rating in a report on Monday, February 3rd. Finally, Citigroup restated a “buy” rating and set a $423.00 price target (up previously from $418.00) on shares of Sherwin-Williams in a research note on Wednesday, February 26th. One research analyst has rated the stock with a sell rating, five have issued a hold rating, eleven have given a buy rating and two have issued a strong buy rating to the company. According to MarketBeat.com, Sherwin-Williams has a consensus rating of “Moderate Buy” and an average price target of $403.31.

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.