Invesco LLC Has $5.30 Million Holdings in The Sherwin-Williams Company $SHW

Invesco LLC lessened its stake in The Sherwin-Williams Company (NYSE:SHW) by 12.6% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 16,344 shares of the specialty chemicals company’s stock after selling 2,365 shares during the quarter. Sherwin-Williams comprises about 1.8% of Invesco LLC’s investment portfolio, making the stock its 12th largest holding. Invesco LLC’s holdings in Sherwin-Williams were worth $5,296,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also recently added to or reduced their stakes in SHW. Brighton Jones LLC grew its position in shares of Sherwin-Williams by 73.6% during the 4th quarter. Brighton Jones LLC now owns 1,545 shares of the specialty chemicals company’s stock worth $525,000 after buying an additional 655 shares during the period. Empowered Funds LLC increased its stake in shares of Sherwin-Williams by 11.2% in the 1st quarter. Empowered Funds LLC now owns 6,236 shares of the specialty chemicals company’s stock valued at $2,178,000 after acquiring an additional 626 shares during the last quarter. Fisher Asset Management LLC raised its position in shares of Sherwin-Williams by 15.1% in the 2nd quarter. Fisher Asset Management LLC now owns 1,319 shares of the specialty chemicals company’s stock valued at $453,000 after acquiring an additional 173 shares during the period. Twin Peaks Wealth Advisors LLC acquired a new stake in shares of Sherwin-Williams in the 2nd quarter valued at approximately $50,000. Finally, CW Advisors LLC boosted its stake in Sherwin-Williams by 1.2% during the 2nd quarter. CW Advisors LLC now owns 8,837 shares of the specialty chemicals company’s stock worth $3,035,000 after acquiring an additional 104 shares during the last quarter. Institutional investors and hedge funds own 77.67% of the company’s stock.

Analysts Set New Price Targets

SHW has been the subject of several recent analyst reports. UBS Group lowered their target price on shares of Sherwin-Williams from $420.00 to $380.00 and set a “buy” rating for the company in a research note on Thursday. Vertical Research raised shares of Sherwin-Williams from a “hold” rating to a “buy” rating and set a $371.00 price target on the stock in a research report on Wednesday, January 7th. Royal Bank Of Canada decreased their price target on shares of Sherwin-Williams from $390.00 to $376.00 and set an “outperform” rating for the company in a report on Thursday, March 19th. Mizuho lowered their price objective on shares of Sherwin-Williams from $410.00 to $371.00 and set an “outperform” rating for the company in a research report on Monday, March 23rd. Finally, Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Sherwin-Williams in a research note on Friday, March 27th. Eleven analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $383.23.

Sherwin-Williams Stock Down 0.1%

SHW stock opened at $317.69 on Friday. The company has a debt-to-equity ratio of 2.03, a current ratio of 0.87 and a quick ratio of 0.53. The stock has a market capitalization of $78.58 billion, a P/E ratio of 30.93, a P/E/G ratio of 2.75 and a beta of 1.27. The Sherwin-Williams Company has a fifty-two week low of $301.58 and a fifty-two week high of $379.65. The business has a 50-day moving average of $342.34 and a 200-day moving average of $339.42.

Sherwin-Williams (NYSE:SHW) last announced its earnings results on Thursday, January 29th. The specialty chemicals company reported $2.23 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.16 by $0.07. The business had revenue of $5.60 billion for 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%.Sherwin-Williams’s revenue for the quarter was up 5.6% compared to the same quarter last year. During the same quarter last year, the firm earned $2.09 EPS. On average, sell-side analysts anticipate that The Sherwin-Williams Company will post 12 earnings per share for the current fiscal year.

Sherwin-Williams Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 13th. Stockholders of record on Monday, March 2nd were issued a $0.80 dividend. This represents a $3.20 dividend on an annualized basis and a dividend yield of 1.0%. This is a boost from Sherwin-Williams’s previous quarterly dividend of $0.79. The ex-dividend date was Monday, March 2nd. Sherwin-Williams’s dividend payout ratio is 31.16%.

Insiders Place Their Bets

In other news, insider Colin M. Davie sold 2,976 shares of the business’s stock in a transaction on Monday, February 2nd. The shares were sold at an average price of $359.50, for a total value of $1,069,872.00. Following the sale, the insider owned 5,365 shares of the company’s stock, valued at $1,928,717.50. The trade was a 35.68% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, SVP Bryan J. Young sold 2,513 shares of the 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 of the company’s stock, valued at $3,661,101.15. The trade was a 20.01% decrease in their position. The SEC filing for this sale provides additional information. Insiders own 0.23% of the company’s stock.

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.