Dimensional Fund Advisors LP Decreases Holdings in The Sherwin-Williams Company $SHW

Dimensional Fund Advisors LP decreased its position in The Sherwin-Williams Company (NYSE:SHW) by 0.6% during the third quarter, Holdings Channel reports. The fund owned 1,425,536 shares of the specialty chemicals company’s stock after selling 9,045 shares during the period. Dimensional Fund Advisors LP’s holdings in Sherwin-Williams were worth $493,548,000 as of its most recent filing with the SEC.

A number of other large investors have also made changes to their positions in SHW. Norges Bank purchased a new position in Sherwin-Williams during the second quarter valued at $1,296,565,000. Viking Global Investors LP raised its stake in shares of Sherwin-Williams by 101.4% in the second quarter. Viking Global Investors LP now owns 1,957,750 shares of the specialty chemicals company’s stock worth $672,213,000 after buying an additional 985,520 shares during the period. Amundi lifted its position in shares of Sherwin-Williams by 55.8% during the 2nd quarter. Amundi now owns 1,665,333 shares of the specialty chemicals company’s stock valued at $587,047,000 after buying an additional 596,657 shares in the last quarter. JPMorgan Chase & Co. grew its stake in shares of Sherwin-Williams by 22.3% during the 2nd quarter. JPMorgan Chase & Co. now owns 3,039,306 shares of the specialty chemicals company’s stock valued at $1,043,595,000 after acquiring an additional 553,275 shares during the period. Finally, DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main increased its holdings in Sherwin-Williams by 9.9% in the 2nd quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main now owns 3,887,808 shares of the specialty chemicals company’s stock worth $1,334,918,000 after acquiring an additional 351,453 shares in the last quarter. 77.67% of the stock is currently owned by institutional investors.

Sherwin-Williams Stock Performance

Sherwin-Williams stock opened at $347.65 on Thursday. The company’s 50-day moving average price is $351.88 and its 200-day moving average price is $346.30. The company has a quick ratio of 0.53, a current ratio of 0.87 and a debt-to-equity ratio of 2.03. The company has a market cap of $85.99 billion, a PE ratio of 33.85, a price-to-earnings-growth ratio of 3.02 and a beta of 1.25. The Sherwin-Williams Company has a twelve month low of $308.84 and a twelve month high of $379.65.

Sherwin-Williams (NYSE:SHW) last posted its quarterly earnings data on Thursday, January 29th. The specialty chemicals company reported $2.23 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.16 by $0.07. The business had revenue of $5.60 billion during the quarter, compared to analyst estimates of $5.57 billion. Sherwin-Williams had a return on equity of 65.26% and a net margin of 10.90%.The company’s revenue for the quarter was up 5.6% on a year-over-year basis. During the same period last year, the company earned $2.09 EPS. On average, equities research analysts forecast that The Sherwin-Williams Company will post 12 EPS for the current fiscal year.

Sherwin-Williams Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, March 13th. Stockholders of record on Monday, March 2nd will be issued a $0.80 dividend. The ex-dividend date is Monday, March 2nd. This is a boost from Sherwin-Williams’s previous quarterly dividend of $0.79. This represents a $3.20 dividend on an annualized basis and a dividend yield of 0.9%. Sherwin-Williams’s dividend payout ratio (DPR) is currently 31.16%.

Insider Activity

In other news, SVP Bryan J. Young sold 2,513 shares of the firm’s stock in a transaction on Tuesday, February 24th. The stock was sold at an average price of $364.47, for a total transaction of $915,913.11. Following the transaction, the senior vice president owned 10,045 shares in the company, valued at approximately $3,661,101.15. This trade represents a 20.01% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, insider Colin M. Davie sold 2,976 shares of the firm’s stock in a transaction dated Monday, February 2nd. The shares were sold at an average price of $359.50, for a total transaction of $1,069,872.00. Following the transaction, the insider directly owned 5,365 shares in the company, valued at $1,928,717.50. This trade represents a 35.68% decrease in their position. The SEC filing for this sale provides additional information. Company insiders own 0.60% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts have weighed in on the stock. Mizuho lifted their price target on shares of Sherwin-Williams from $400.00 to $410.00 and gave the company an “outperform” rating in a report on Tuesday, February 17th. Deutsche Bank Aktiengesellschaft downgraded shares of Sherwin-Williams from a “buy” rating to a “hold” rating and set a $380.00 price objective on the stock. in a research report on Thursday, January 22nd. Royal Bank Of Canada set a $390.00 price target on Sherwin-Williams and gave the stock an “outperform” rating in a research note on Friday, January 30th. Citigroup reissued a “buy” rating on shares of Sherwin-Williams in a report on Monday, January 19th. Finally, Vertical Research raised Sherwin-Williams from a “hold” rating to a “buy” rating and set a $371.00 price objective for the company in a research note on Wednesday, January 7th. Eleven equities research analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $387.67.

Sherwin-Williams Company Profile

Sherwin-Williams (NYSE: SHW) is a global manufacturer and distributor of paints, coatings and related products. Founded in 1866 and headquartered in Cleveland, Ohio, the company supplies a broad range of coatings for residential, commercial and industrial applications. Its product offering includes architectural paints and stains, industrial and protective coatings, automotive finishes, and a variety of sundry products such as primers, sealants and specialty treatments used by professionals and consumers.

The company sells through multiple channels, including a large network of company-operated retail paint stores that serve professional contractors and do-it-yourself consumers, as well as through distributors and mass retailers.