Fisher Asset Management LLC Has $2.62 Million Stock Position in The Sherwin-Williams Company (NYSE:SHW)

Fisher Asset Management LLC grew its position in shares of The Sherwin-Williams Company (NYSE:SHW) by 3.6% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 7,717 shares of the specialty chemicals company’s stock after purchasing an additional 270 shares during the quarter. Fisher Asset Management LLC’s holdings in Sherwin-Williams were worth $2,624,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of the company. Merit Financial Group LLC boosted its position in Sherwin-Williams by 80.0% during the fourth quarter. Merit Financial Group LLC now owns 1,177 shares of the specialty chemicals company’s stock valued at $400,000 after acquiring an additional 523 shares during the last quarter. Nations Financial Group Inc. IA ADV increased its holdings in Sherwin-Williams by 13.0% in the third quarter. Nations Financial Group Inc. IA ADV now owns 1,818 shares of the specialty chemicals company’s stock worth $694,000 after purchasing an additional 209 shares in the last quarter. Park Avenue Securities LLC boosted its holdings in shares of Sherwin-Williams by 52.6% during the 4th quarter. Park Avenue Securities LLC now owns 6,680 shares of the specialty chemicals company’s stock worth $2,271,000 after buying an additional 2,303 shares in the last quarter. Kerusso Capital Management LLC grew its position in shares of Sherwin-Williams by 75.9% during the 4th quarter. Kerusso Capital Management LLC now owns 10,290 shares of the specialty chemicals company’s stock worth $3,498,000 after buying an additional 4,439 shares during the period. Finally, Burney Co. increased its stake in shares of Sherwin-Williams by 4.6% in the 4th quarter. Burney Co. now owns 17,272 shares of the specialty chemicals company’s stock valued at $5,871,000 after acquiring an additional 766 shares in the last quarter. 77.67% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several research firms have weighed in on SHW. Evercore ISI upped their price objective on shares of Sherwin-Williams from $400.00 to $420.00 and gave the company an “outperform” rating in a report on Thursday, November 7th. Mizuho reduced their price objective on Sherwin-Williams from $435.00 to $408.00 and set an “outperform” rating for the company in a research note on Tuesday, January 7th. Robert W. Baird set a $370.00 target price on Sherwin-Williams in a report on Friday, January 31st. JPMorgan Chase & Co. upped their price objective on shares of Sherwin-Williams from $370.00 to $390.00 and gave the stock an “overweight” rating in a report on Monday, February 3rd. Finally, StockNews.com cut shares of Sherwin-Williams from a “buy” rating to a “hold” rating in a report on Thursday, November 28th. One research analyst has rated the stock with a sell rating, five have given a hold rating, eleven have issued a buy rating and two have given a strong buy rating to the company’s stock. According to MarketBeat, Sherwin-Williams presently has a consensus rating of “Moderate Buy” and a consensus price target of $403.31.

Insiders Place Their Bets

In other news, insider Colin M. Davie sold 2,799 shares of the stock in a transaction on 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 transaction, the insider now owns 5,365 shares in the company, valued at approximately $1,933,009.50. This represents a 34.28 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Company insiders own 0.60% of the company’s stock.

Sherwin-Williams Trading Up 2.0 %

Shares of Sherwin-Williams stock opened at $362.54 on Thursday. The firm has a market cap of $91.18 billion, a PE ratio of 34.36, a P/E/G ratio of 2.98 and a beta of 1.22. The Sherwin-Williams Company has a 1 year low of $282.09 and a 1 year high of $400.42. The company has a debt-to-equity ratio of 2.02, a current ratio of 0.79 and a quick ratio of 0.46. The stock has a fifty day moving average price of $351.99 and a 200-day moving average price of $365.84.

Sherwin-Williams (NYSE:SHW) last posted its quarterly earnings data on Thursday, January 30th. The specialty chemicals company reported $2.09 earnings per share (EPS) for the quarter, topping 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 in the prior year, the firm earned $1.81 earnings per share. Equities research analysts anticipate that The Sherwin-Williams Company will post 12 EPS for the current 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 0.87%. 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%.

Sherwin-Williams Company 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.