Argentarii LLC Takes $295,000 Position in The Sherwin-Williams Company (NYSE:SHW)

Argentarii LLC purchased a new stake in shares of The Sherwin-Williams Company (NYSE:SHW) during the fourth quarter, Holdings Channel.com reports. The fund purchased 868 shares of the specialty chemicals company’s stock, valued at approximately $295,000.

A number of other institutional investors have also recently made changes to their positions in SHW. FMR LLC lifted its position 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 valued at $2,474,238,000 after buying an additional 999,164 shares during the last quarter. Raymond James Financial Inc. purchased a new stake in Sherwin-Williams during the 4th quarter worth about $230,829,000. Proficio Capital Partners LLC lifted its holdings in Sherwin-Williams by 41,520.8% during the 4th quarter. Proficio Capital Partners LLC now owns 479,472 shares of the specialty chemicals company’s stock worth $162,987,000 after purchasing an additional 478,320 shares in the last quarter. Mizuho Securities USA LLC lifted its holdings in Sherwin-Williams by 1,717.9% during the 3rd quarter. Mizuho Securities USA LLC now owns 326,903 shares of the specialty chemicals company’s stock worth $124,769,000 after purchasing an additional 308,921 shares in the last quarter. Finally, Canoe Financial LP lifted its holdings in Sherwin-Williams by 542.0% during the 4th quarter. Canoe Financial LP now owns 339,707 shares of the specialty chemicals company’s stock worth $115,477,000 after purchasing an additional 286,791 shares in the last quarter. Hedge funds and other institutional investors own 77.67% of the company’s stock.

Analyst Ratings Changes

A number of analysts recently issued reports on SHW shares. Berenberg Bank raised Sherwin-Williams from a “hold” rating to a “buy” rating and increased their price objective for the stock from $321.00 to $420.00 in a report on Friday, January 24th. Royal Bank of Canada dropped their price objective on Sherwin-Williams from $438.00 to $415.00 and set an “outperform” rating on the stock in a report on Monday, February 3rd. Zelman & Associates raised Sherwin-Williams to a “strong-buy” rating in a report on Friday, January 17th. StockNews.com cut Sherwin-Williams from a “buy” rating to a “hold” rating in a report on Thursday, November 28th. Finally, 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 report on Tuesday, January 28th. One analyst has rated the stock with a sell rating, five have given a hold rating, eleven have given a buy rating and two have given a strong buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $403.31.

Insider Activity

In related news, insider Colin M. Davie sold 2,799 shares of the stock in a transaction dated Thursday, February 27th. The stock was sold at an average price of $360.30, for a total transaction of $1,008,479.70. Following the completion of the sale, the insider now directly owns 5,365 shares in the company, valued at $1,933,009.50. This represents a 34.28 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Corporate insiders own 0.60% of the company’s stock.

Sherwin-Williams Price Performance

Shares of Sherwin-Williams stock opened at $363.99 on Monday. The company has a current ratio of 0.79, a quick ratio of 0.46 and a debt-to-equity ratio of 2.02. The firm has a market capitalization of $91.55 billion, a PE ratio of 34.50, a price-to-earnings-growth ratio of 2.98 and a beta of 1.23. The business’s 50-day moving average price is $352.70 and its 200-day moving average price is $365.99. The Sherwin-Williams Company has a 12 month low of $282.09 and a 12 month high of $400.42.

Sherwin-Williams (NYSE:SHW) last announced its quarterly earnings data on Thursday, January 30th. The specialty chemicals company reported $2.09 EPS for the quarter, beating the consensus estimate 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 last year, the firm posted $1.81 EPS. Sell-side analysts forecast that The Sherwin-Williams Company will post 12 EPS 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. Stockholders of record on Monday, March 3rd will be given a dividend of $0.79 per share. The ex-dividend date 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 dividend yield of 0.87%. 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.