abrdn plc Grows Position in The Sherwin-Williams Company (NYSE:SHW)

abrdn plc boosted its stake in The Sherwin-Williams Company (NYSE:SHW) by 55.6% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 119,462 shares of the specialty chemicals company’s stock after purchasing an additional 42,680 shares during the quarter. abrdn plc’s holdings in Sherwin-Williams were worth $37,260,000 as of its most recent filing with the SEC.

A number of other institutional investors have also recently bought and sold shares of the stock. OFI Invest Asset Management purchased a new stake in Sherwin-Williams during the third quarter worth approximately $25,000. Union Savings Bank purchased a new stake in Sherwin-Williams during the third quarter worth approximately $28,000. Lee Financial Co purchased a new stake in Sherwin-Williams during the third quarter worth approximately $32,000. BluePath Capital Management LLC purchased a new stake in Sherwin-Williams during the third quarter worth approximately $33,000. Finally, McGlone Suttner Wealth Management Inc. purchased a new stake in Sherwin-Williams during the fourth quarter worth approximately $35,000. 77.67% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several equities research analysts have issued reports on SHW shares. Mizuho decreased their price objective on shares of Sherwin-Williams from $352.00 to $340.00 and set a “buy” rating for the company in a research note on Friday, January 26th. Wolfe Research assumed coverage on shares of Sherwin-Williams in a research report on Friday, March 1st. They set a “peer perform” rating on the stock. JPMorgan Chase & Co. boosted their target price on shares of Sherwin-Williams from $285.00 to $317.00 and gave the stock an “overweight” rating in a research report on Friday, January 26th. Robert W. Baird reissued a “neutral” rating and set a $300.00 target price (up from $270.00) on shares of Sherwin-Williams in a research report on Wednesday, January 3rd. Finally, StockNews.com raised shares of Sherwin-Williams from a “hold” rating to a “buy” rating in a research report on Friday, March 8th. One research analyst has rated the stock with a sell rating, six have given a hold rating and thirteen have issued a buy rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $325.94.

Sherwin-Williams Trading Up 1.1 %

SHW opened at $309.26 on Tuesday. The stock has a market capitalization of $78.69 billion, a PE ratio of 33.43, a P/E/G ratio of 2.42 and a beta of 1.15. The firm’s fifty day moving average price is $328.50 and its 200 day moving average price is $298.39. The company has a debt-to-equity ratio of 2.25, a current ratio of 0.83 and a quick ratio of 0.48. The Sherwin-Williams Company has a 12-month low of $221.76 and a 12-month high of $348.37.

Sherwin-Williams (NYSE:SHW) last released its earnings results on Thursday, January 25th. The specialty chemicals company reported $1.81 earnings per share for the quarter, beating the consensus estimate of $1.80 by $0.01. Sherwin-Williams had a net margin of 10.36% and a return on equity of 74.72%. The firm had revenue of $5.25 billion during the quarter, compared to analyst estimates of $5.23 billion. During the same quarter in the previous year, the firm earned $1.89 earnings per share. The firm’s revenue for the quarter was up .4% compared to the same quarter last year. As a group, research analysts expect that The Sherwin-Williams Company will post 11.46 EPS for the current fiscal year.

Sherwin-Williams Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, June 7th. Shareholders of record on Friday, May 17th will be paid a dividend of $0.715 per share. The ex-dividend date is Thursday, May 16th. This represents a $2.86 annualized dividend and a yield of 0.92%. Sherwin-Williams’s payout ratio is 30.92%.

Insider Buying and Selling at Sherwin-Williams

In other Sherwin-Williams news, insider Justin T. Binns sold 1,563 shares of the business’s stock in a transaction on Wednesday, March 13th. The shares were sold at an average price of $338.87, for a total transaction of $529,653.81. Following the completion of the sale, the insider now owns 14,564 shares in the company, valued at $4,935,302.68. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. In other news, insider Justin T. Binns sold 1,563 shares of the company’s stock in a transaction dated Wednesday, March 13th. The shares were sold at an average price of $338.87, for a total transaction of $529,653.81. Following the completion of the transaction, the insider now owns 14,564 shares in the company, valued at $4,935,302.68. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Todd D. Rea sold 2,449 shares of the company’s stock in a transaction dated Wednesday, February 21st. The stock was sold at an average price of $313.54, for a total transaction of $767,859.46. Following the transaction, the insider now owns 9,329 shares of the company’s stock, valued at approximately $2,925,014.66. The disclosure for this sale can be found here. Insiders sold a total of 32,050 shares of company stock worth $10,340,237 over the last 90 days. Insiders own 0.60% of the company’s stock.

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.