IFM Investors Pty Ltd Grows Stake in Sherwin-Williams Co (NYSE:SHW)

IFM Investors Pty Ltd grew its holdings in Sherwin-Williams Co (NYSE:SHW) by 18.0% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 5,689 shares of the specialty chemicals company’s stock after acquiring an additional 867 shares during the period. IFM Investors Pty Ltd’s holdings in Sherwin-Williams were worth $2,450,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Berman Capital Advisors LLC bought a new stake in Sherwin-Williams during the 4th quarter valued at about $28,000. Karp Capital Management Corp bought a new stake in Sherwin-Williams during the 4th quarter valued at about $33,000. JNBA Financial Advisors bought a new stake in Sherwin-Williams during the 4th quarter valued at about $35,000. PRW Wealth Management LLC bought a new stake in Sherwin-Williams during the 4th quarter valued at about $35,000. Finally, Riverview Trust Co bought a new stake in Sherwin-Williams during the 4th quarter valued at about $35,000. 77.97% of the stock is owned by institutional investors.

Shares of SHW stock traded down $2.04 during trading hours on Friday, hitting $439.92. The company’s stock had a trading volume of 500,775 shares, compared to its average volume of 539,619. The company has a debt-to-equity ratio of 2.52, a current ratio of 0.96 and a quick ratio of 0.56. Sherwin-Williams Co has a 12-month low of $355.28 and a 12-month high of $479.64. The company has a market capitalization of $40.80 billion, a P/E ratio of 23.74, a price-to-earnings-growth ratio of 1.83 and a beta of 1.26.

Sherwin-Williams (NYSE:SHW) last posted its earnings results on Tuesday, April 23rd. The specialty chemicals company reported $3.60 earnings per share (EPS) for the quarter, missing the consensus estimate of $3.63 by ($0.03). Sherwin-Williams had a net margin of 6.27% and a return on equity of 47.09%. The firm had revenue of $4.04 billion during the quarter, compared to analyst estimates of $4.09 billion. During the same quarter in the prior year, the firm earned $3.57 earnings per share. The business’s revenue for the quarter was up 1.9% on a year-over-year basis. As a group, sell-side analysts forecast that Sherwin-Williams Co will post 21.01 earnings per share for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, May 31st. Shareholders of record on Friday, May 17th will be given a dividend of $1.13 per share. This represents a $4.52 dividend on an annualized basis and a yield of 1.03%. The ex-dividend date of this dividend is Thursday, May 16th. Sherwin-Williams’s dividend payout ratio is presently 24.39%.

Several research firms have recently commented on SHW. Argus boosted their price target on shares of Sherwin-Williams from $480.00 to $527.00 and gave the company a “buy” rating in a report on Friday, April 26th. Wolfe Research lowered shares of Sherwin-Williams from an “outperform” rating to a “peer perform” rating in a report on Thursday, April 25th. UBS Group boosted their price target on shares of Sherwin-Williams from $448.00 to $460.00 and gave the company a “neutral” rating in a report on Wednesday, April 24th. Robert W. Baird boosted their price target on shares of Sherwin-Williams from $480.00 to $525.00 and gave the company an “outperform” rating in a report on Wednesday, April 24th. Finally, Deutsche Bank lifted their price objective on shares of Sherwin-Williams from $460.00 to $490.00 and gave the stock a “buy” rating in a research report on Wednesday, April 24th. One investment analyst has rated the stock with a sell rating, nine have given a hold rating and fourteen have assigned a buy rating to the stock. The stock presently has a consensus rating of “Buy” and a consensus target price of $480.05.

In related news, SVP Allen J. Mistysyn sold 2,874 shares of the company’s stock in a transaction dated Thursday, February 14th. The shares were sold at an average price of $433.90, for a total value of $1,247,028.60. Following the completion of the sale, the senior vice president now owns 10,599 shares of the company’s stock, valued at $4,598,906.10. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, SVP Jane M. Cronin sold 1,344 shares of the company’s stock in a transaction dated Wednesday, February 20th. The shares were sold at an average price of $441.24, for a total transaction of $593,026.56. Following the completion of the sale, the senior vice president now directly owns 4,078 shares of the company’s stock, valued at approximately $1,799,376.72. The disclosure for this sale can be found here. Insiders have sold 11,839 shares of company stock valued at $5,186,817 over the last 90 days. 0.50% of the stock is currently owned by company insiders.

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About Sherwin-Williams

The Sherwin-Williams Company develops, manufactures, distributes, and sells paints, coatings, and related products to professional, industrial, commercial, and retail customers. It operates in three segments: The Americas Group, Consumer Brands Group, and Performance Coatings Group. The Americas Group segment offers architectural paints and coatings, and protective and marine products, as well as OEM product finishes and related products for architectural and industrial paint contractors and do-it-yourself homeowners.

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Institutional Ownership by Quarter for Sherwin-Williams (NYSE:SHW)

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