Ossiam Purchases 7,493 Shares of The Sherwin-Williams Company (NYSE:SHW)

Ossiam increased its holdings in shares of The Sherwin-Williams Company (NYSE:SHW) by 61.0% in the fourth quarter, HoldingsChannel reports. The firm owned 19,770 shares of the specialty chemicals company’s stock after buying an additional 7,493 shares during the period. Ossiam’s holdings in Sherwin-Williams were worth $6,720,000 as of its most recent filing with the SEC.

A number of other institutional investors have also recently bought and sold shares of the business. Principal Financial Group Inc. lifted its holdings in Sherwin-Williams by 1.0% during the 3rd quarter. Principal Financial Group Inc. now owns 1,047,174 shares of the specialty chemicals company’s stock valued at $399,675,000 after purchasing an additional 10,709 shares during the last quarter. Tudor Financial Inc. acquired a new stake in shares of Sherwin-Williams during the 3rd quarter worth about $252,000. Eaton Financial Holdings Company LLC bought a new stake in shares of Sherwin-Williams during the 3rd quarter worth about $608,000. Arvest Bank Trust Division acquired a new position in Sherwin-Williams in the 3rd quarter valued at about $350,000. Finally, Wilmington Savings Fund Society FSB raised its holdings in Sherwin-Williams by 2,092.0% in the 3rd quarter. Wilmington Savings Fund Society FSB now owns 16,747 shares of the specialty chemicals company’s stock valued at $6,392,000 after acquiring an additional 15,983 shares during the period. Institutional investors and hedge funds own 77.67% of the company’s stock.

Insider Activity

In other Sherwin-Williams news, insider Colin M. Davie sold 2,799 shares of the company’s stock in a transaction dated 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 transaction, the insider now owns 5,365 shares of the company’s stock, valued at $1,933,009.50. This represents a 34.28 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 0.60% of the stock is owned by corporate insiders.

Sherwin-Williams Trading Up 0.5 %

Shares of SHW stock opened at $333.03 on Friday. 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 company has a market cap of $83.76 billion, a PE ratio of 31.57, a P/E/G ratio of 2.98 and a beta of 1.26. The stock’s fifty day moving average price is $344.78 and its two-hundred day moving average price is $358.76.

Sherwin-Williams (NYSE:SHW) last posted its earnings results on Thursday, January 30th. The specialty chemicals company reported $2.09 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 period in the previous year, the company earned $1.81 earnings per share. Equities analysts predict that The Sherwin-Williams Company will post 12 EPS for the current fiscal year.

Sherwin-Williams Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, June 6th. Stockholders of record on Friday, May 16th will be issued a dividend of $0.79 per share. The ex-dividend date of this dividend is Friday, May 16th. This represents a $3.16 annualized dividend and a dividend yield of 0.95%. Sherwin-Williams’s dividend payout ratio (DPR) is presently 29.95%.

Wall Street Analyst Weigh In

Several research firms have recently commented on SHW. Jefferies Financial Group reaffirmed a “hold” rating and issued a $380.00 target price (down previously from $423.00) on shares of Sherwin-Williams in a research report on Monday, March 10th. Barclays decreased their price objective on Sherwin-Williams from $385.00 to $355.00 and set an “equal weight” rating on the stock in a report on Tuesday, April 1st. Berenberg Bank raised Sherwin-Williams from a “hold” rating to a “buy” rating and lifted their target price for the stock from $321.00 to $420.00 in a report on Friday, January 24th. Royal Bank of Canada decreased their price target on shares of Sherwin-Williams from $438.00 to $415.00 and set an “outperform” rating on the stock in a research note on Monday, February 3rd. Finally, Robert W. Baird set a $370.00 price objective on shares of Sherwin-Williams in a research note on Friday, January 31st. Six investment analysts have rated the stock with a hold rating, eleven have issued a buy rating and two have assigned a strong buy rating to the company. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $392.50.

About Sherwin-Williams

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.