Fortis Group Advisors LLC Purchases 4,118 Shares of The Sherwin-Williams Company (NYSE:SHW)

Fortis Group Advisors LLC lifted its position in shares of The Sherwin-Williams Company (NYSE:SHW) by 100.0% in the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor owned 8,236 shares of the specialty chemicals company’s stock after buying an additional 4,118 shares during the quarter. Sherwin-Williams comprises 0.6% of Fortis Group Advisors LLC’s holdings, making the stock its 26th biggest position. Fortis Group Advisors LLC’s holdings in Sherwin-Williams were worth $2,569,000 at the end of the most recent quarter.

A number of other institutional investors also recently modified their holdings of the business. AEGON ASSET MANAGEMENT UK Plc acquired a new position in shares of Sherwin-Williams during the 4th quarter worth approximately $38,444,000. AIA Group Ltd increased its stake in Sherwin-Williams by 20.8% during the 4th quarter. AIA Group Ltd now owns 16,312 shares of the specialty chemicals company’s stock worth $5,088,000 after acquiring an additional 2,810 shares during the period. Pearl River Capital LLC acquired a new position in Sherwin-Williams in the 3rd quarter valued at $4,517,000. Simplicity Solutions LLC lifted its position in shares of Sherwin-Williams by 182.2% during the 4th quarter. Simplicity Solutions LLC now owns 10,700 shares of the specialty chemicals company’s stock valued at $3,337,000 after acquiring an additional 6,909 shares during the period. Finally, Mitsubishi UFJ Asset Management Co. Ltd. lifted its position in shares of Sherwin-Williams by 5.7% during the 4th quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 261,178 shares of the specialty chemicals company’s stock valued at $77,510,000 after acquiring an additional 13,984 shares during the period. Institutional investors own 77.67% of the company’s stock.

Sherwin-Williams Trading Down 1.2 %

Shares of NYSE:SHW traded down $3.46 during mid-day trading on Friday, reaching $296.99. 927,859 shares of the company’s stock were exchanged, compared to its average volume of 1,851,998. The firm has a market capitalization of $75.30 billion, a price-to-earnings ratio of 31.66, a PEG ratio of 2.42 and a beta of 1.17. The Sherwin-Williams Company has a twelve month low of $232.06 and a twelve month high of $348.37. The business’s fifty day moving average price is $308.69 and its 200-day moving average price is $312.46. The company has a debt-to-equity ratio of 2.32, a quick ratio of 0.46 and a current ratio of 0.78.

Sherwin-Williams (NYSE:SHW) last released its quarterly earnings results on Tuesday, April 23rd. The specialty chemicals company reported $2.17 EPS for the quarter, missing analysts’ consensus estimates of $2.22 by ($0.05). The company had revenue of $5.37 billion during the quarter, compared to the consensus estimate of $5.50 billion. Sherwin-Williams had a net margin of 10.52% and a return on equity of 73.74%. The company’s quarterly revenue was down 1.4% on a year-over-year basis. During the same quarter last year, the firm posted $2.04 EPS. On average, research analysts predict that The Sherwin-Williams Company will post 11.43 EPS for the current fiscal year.

Sherwin-Williams Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, June 7th. Stockholders of record on Friday, May 17th were paid a $0.715 dividend. This represents a $2.86 dividend on an annualized basis and a dividend yield of 0.96%. The ex-dividend date of this dividend was Thursday, May 16th. Sherwin-Williams’s dividend payout ratio is currently 30.49%.

Analysts Set New Price Targets

A number of research firms recently commented on SHW. BMO Capital Markets dropped their price target on Sherwin-Williams from $377.00 to $360.00 and set an “outperform” rating for the company in a research note on Wednesday. Wolfe Research started coverage on shares of Sherwin-Williams in a research report on Friday, March 1st. They set a “peer perform” rating on the stock. Royal Bank of Canada lowered their price objective on shares of Sherwin-Williams from $380.00 to $370.00 and set an “outperform” rating for the company in a research report on Thursday, April 25th. KeyCorp upgraded Sherwin-Williams from a “sector weight” rating to an “overweight” rating and set a $400.00 price target on the stock in a research note on Thursday, April 25th. Finally, Robert W. Baird upped their price objective on Sherwin-Williams from $300.00 to $310.00 and gave the stock a “neutral” rating in a research report on Wednesday, April 24th. One research analyst has rated the stock with a sell rating, seven have issued a hold rating and twelve have assigned a buy rating to the company’s stock. According to MarketBeat.com, Sherwin-Williams currently has a consensus rating of “Moderate Buy” and a consensus target price of $343.41.

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.