LGT Group Foundation Has $63.22 Million Stake in The Sherwin-Williams Company (NYSE:SHW)

LGT Group Foundation boosted its position in The Sherwin-Williams Company (NYSE:SHW) by 5.2% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 185,985 shares of the specialty chemicals company’s stock after buying an additional 9,211 shares during the period. Sherwin-Williams makes up 1.0% of LGT Group Foundation’s holdings, making the stock its 25th biggest holding. LGT Group Foundation owned about 0.07% of Sherwin-Williams worth $63,222,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also bought and sold shares of the company. Kornitzer Capital Management Inc. KS lifted its holdings in Sherwin-Williams by 4.2% in the third quarter. Kornitzer Capital Management Inc. KS now owns 720 shares of the specialty chemicals company’s stock valued at $275,000 after buying an additional 29 shares during the period. Essex Savings Bank raised its holdings in shares of Sherwin-Williams by 3.4% during the third quarter. Essex Savings Bank now owns 880 shares of the specialty chemicals company’s stock valued at $336,000 after purchasing an additional 29 shares during the period. Legacy Capital Wealth Partners LLC raised its holdings in shares of Sherwin-Williams by 2.9% during the fourth quarter. Legacy Capital Wealth Partners LLC now owns 1,028 shares of the specialty chemicals company’s stock valued at $350,000 after purchasing an additional 29 shares during the period. Apella Capital LLC raised its holdings in shares of Sherwin-Williams by 2.1% during the fourth quarter. Apella Capital LLC now owns 1,465 shares of the specialty chemicals company’s stock valued at $498,000 after purchasing an additional 30 shares during the period. Finally, Atlantic Edge Private Wealth Management LLC raised its holdings in shares of Sherwin-Williams by 0.8% during the fourth quarter. Atlantic Edge Private Wealth Management LLC now owns 3,742 shares of the specialty chemicals company’s stock valued at $1,272,000 after purchasing an additional 30 shares during the period. Institutional investors and hedge funds own 77.67% of the company’s stock.

Analyst Upgrades and Downgrades

SHW has been the topic of several research reports. Zelman & Associates upgraded shares of Sherwin-Williams to a “strong-buy” rating in a report on Friday, January 17th. Robert W. Baird set a $370.00 price objective on shares of Sherwin-Williams in a report on Friday, January 31st. Morgan Stanley dropped their price objective on shares of Sherwin-Williams from $450.00 to $405.00 and set an “overweight” rating on the stock in a report on Tuesday, January 28th. JPMorgan Chase & Co. upped their target price on shares of Sherwin-Williams from $370.00 to $390.00 and gave the stock an “overweight” rating in a report on Monday, February 3rd. Finally, Mizuho lowered their target price on shares of Sherwin-Williams from $435.00 to $408.00 and set an “outperform” rating on the stock in a report on Tuesday, January 7th. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating, eleven have issued a buy rating and two have given a strong buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $403.31.

Sherwin-Williams Trading Up 2.0 %

Shares of SHW stock opened at $362.46 on Monday. The Sherwin-Williams Company has a 52-week low of $282.09 and a 52-week high of $400.42. The company has a 50-day simple moving average of $351.26 and a two-hundred day simple moving average of $365.86. The company has a market capitalization of $91.16 billion, a price-to-earnings ratio of 34.36, a PEG ratio of 2.98 and a beta of 1.22. The company has a debt-to-equity ratio of 2.02, a quick ratio of 0.46 and a current ratio of 0.79.

Sherwin-Williams (NYSE:SHW) last released its earnings results on Thursday, January 30th. The specialty chemicals company reported $2.09 earnings per share for the quarter, beating 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 quarter in the prior year, the company posted $1.81 earnings per share. Research analysts anticipate that The Sherwin-Williams Company will post 12 EPS for the current fiscal year.

Sherwin-Williams Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, March 14th. Stockholders of record on Monday, March 3rd will be given a dividend of $0.79 per share. This is an increase from Sherwin-Williams’s previous quarterly dividend of $0.72. This represents a $3.16 dividend on an annualized basis and a dividend yield of 0.87%. The ex-dividend date is Monday, March 3rd. Sherwin-Williams’s dividend payout ratio is currently 29.95%.

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.