Counterpoint Mutual Funds LLC Takes $277,000 Position in The Sherwin-Williams Company (NYSE:SHW)

Counterpoint Mutual Funds LLC bought a new stake in shares of The Sherwin-Williams Company (NYSE:SHW) during the fourth quarter, HoldingsChannel.com reports. The fund bought 815 shares of the specialty chemicals company’s stock, valued at approximately $277,000.

A number of other hedge funds have also recently modified their holdings of the business. FMR LLC grew its stake in shares of Sherwin-Williams by 18.2% during the third quarter. FMR LLC now owns 6,482,662 shares of the specialty chemicals company’s stock valued at $2,474,238,000 after buying an additional 999,164 shares during the last quarter. Geode Capital Management LLC grew its stake in shares of Sherwin-Williams by 1.3% during the third 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 buying an additional 58,463 shares during the last quarter. Alphinity Investment Management Pty Ltd grew its stake in shares of Sherwin-Williams by 5.6% during the fourth 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 buying an additional 114,591 shares during the last quarter. Bank of New York Mellon Corp grew its stake 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 buying an additional 187,724 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. grew its stake in shares of Sherwin-Williams by 3.6% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 1,472,073 shares of the specialty chemicals company’s stock valued at $500,402,000 after buying an additional 50,983 shares during the last quarter. Institutional investors own 77.67% of the company’s stock.

Insider Transactions at Sherwin-Williams

In other news, insider Colin M. Davie sold 2,799 shares of the firm’s stock in a transaction on Thursday, February 27th. The stock was sold at an average price of $360.30, for a total value of $1,008,479.70. Following the completion of the sale, the insider now owns 5,365 shares of the company’s stock, valued at $1,933,009.50. This trade represents a 34.28 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Insiders own 0.60% of the company’s stock.

Sherwin-Williams Trading Down 2.1 %

Shares of NYSE:SHW opened at $335.23 on Wednesday. The Sherwin-Williams Company has a 12-month low of $282.09 and a 12-month high of $400.42. The business’s fifty day simple moving average is $353.97 and its 200-day simple moving average is $365.25. The company has a market capitalization of $84.31 billion, a PE ratio of 31.78, a P/E/G ratio of 2.98 and a beta of 1.23. 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 posted its quarterly earnings data on Thursday, January 30th. The specialty chemicals company reported $2.09 earnings per share for the quarter, topping 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 period in the previous year, the business posted $1.81 earnings per share. As a group, equities research analysts predict that The Sherwin-Williams Company will post 12 earnings per share for the current fiscal year.

Sherwin-Williams Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 14th. Stockholders of record on Monday, March 3rd were given a $0.79 dividend. This is a boost from Sherwin-Williams’s previous quarterly dividend of $0.72. The ex-dividend date of this dividend was Monday, March 3rd. This represents a $3.16 dividend on an annualized basis and a dividend yield of 0.94%. Sherwin-Williams’s dividend payout ratio (DPR) is presently 29.95%.

Analysts Set New Price Targets

Several brokerages recently issued reports on SHW. StockNews.com cut Sherwin-Williams from a “buy” rating to a “hold” rating in a research note on Thursday, November 28th. Robert W. Baird set a $370.00 price objective on Sherwin-Williams in a research note on Friday, January 31st. Mizuho dropped their price objective on Sherwin-Williams from $435.00 to $408.00 and set an “outperform” rating on the stock in a research note on Tuesday, January 7th. Morgan Stanley dropped their price objective on Sherwin-Williams from $450.00 to $405.00 and set an “overweight” rating on the stock in a research note on Tuesday, January 28th. Finally, Jefferies Financial Group reissued a “hold” rating and issued a $380.00 price objective (down previously from $423.00) on shares of Sherwin-Williams in a research note on Monday, March 10th. One analyst has rated the stock with a sell rating, six have given a hold rating, ten have given a buy rating and two have assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, Sherwin-Williams currently has an average rating of “Moderate Buy” and an average price target of $401.13.

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.