Colonial River Investments LLC Trims Stock Position in The Sherwin-Williams Company (NYSE:SHW)

Colonial River Investments LLC lowered its position in shares of The Sherwin-Williams Company (NYSE:SHW) by 16.6% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 655 shares of the specialty chemicals company’s stock after selling 130 shares during the period. Colonial River Investments LLC’s holdings in Sherwin-Williams were worth $223,000 as of its most recent SEC filing.

Several other hedge funds also recently bought and sold shares of SHW. FMR LLC grew its stake in 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 acquiring an additional 999,164 shares in the last quarter. Mizuho Securities USA LLC grew its stake in Sherwin-Williams by 1,717.9% during the third quarter. Mizuho Securities USA LLC now owns 326,903 shares of the specialty chemicals company’s stock valued at $124,769,000 after acquiring an additional 308,921 shares in the last quarter. Canoe Financial LP grew its stake in Sherwin-Williams by 542.0% during the fourth quarter. Canoe Financial LP now owns 339,707 shares of the specialty chemicals company’s stock valued at $115,477,000 after acquiring an additional 286,791 shares in the last quarter. Sumitomo Mitsui Trust Group Inc. grew its stake in Sherwin-Williams by 47.5% during the fourth quarter. Sumitomo Mitsui Trust Group Inc. now owns 864,558 shares of the specialty chemicals company’s stock valued at $293,889,000 after acquiring an additional 278,242 shares in the last quarter. Finally, Sumitomo Mitsui DS Asset Management Company Ltd grew its stake in Sherwin-Williams by 682.7% during the fourth quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 244,285 shares of the specialty chemicals company’s stock valued at $83,040,000 after acquiring an additional 213,076 shares in the last quarter. Hedge funds and other institutional investors own 77.67% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts recently commented on the stock. Evercore ISI boosted their price objective on shares of Sherwin-Williams from $400.00 to $420.00 and gave the company an “outperform” rating in a research note on Thursday, November 7th. JPMorgan Chase & Co. boosted their price target on shares of Sherwin-Williams from $370.00 to $390.00 and gave the stock an “overweight” rating in a research note on Monday, February 3rd. Morgan Stanley cut their price target on shares of Sherwin-Williams from $450.00 to $405.00 and set an “overweight” rating for the company in a research note on Tuesday, January 28th. Royal Bank of Canada cut their price target on shares of Sherwin-Williams from $438.00 to $415.00 and set an “outperform” rating for the company in a research note on Monday, February 3rd. Finally, Mizuho cut their price target on shares of Sherwin-Williams from $435.00 to $408.00 and set an “outperform” rating for the company in a research note on Tuesday, January 7th. One equities research analyst has rated the stock with a sell rating, six have given a hold rating, twelve have issued a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $400.59.

Sherwin-Williams Trading Down 0.2 %

Shares of SHW opened at $343.97 on Tuesday. The firm has a market cap of $86.46 billion, a price-to-earnings ratio of 32.60, a PEG ratio of 2.98 and a beta of 1.22. 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 Sherwin-Williams Company has a fifty-two week low of $282.09 and a fifty-two week high of $400.42. The firm has a 50 day moving average price of $350.62 and a 200-day moving average price of $365.57.

Sherwin-Williams (NYSE:SHW) last posted 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 net margin of 11.61% and a return on equity of 74.50%. During the same quarter last year, the company posted $1.81 earnings per share. As a group, equities research analysts forecast that The Sherwin-Williams Company will post 12 earnings per share for the current year.

Sherwin-Williams Increases Dividend

The business 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 $0.79 dividend. The ex-dividend date of this dividend is Monday, March 3rd. This is a positive change from Sherwin-Williams’s previous quarterly dividend of $0.72. This represents a $3.16 annualized dividend and a yield of 0.92%. Sherwin-Williams’s dividend payout ratio is 29.95%.

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.