Jensen Investment Management Inc. Has $181.54 Million Stock Position in The Sherwin-Williams Company (NYSE:SHW)

Jensen Investment Management Inc. lowered its holdings in shares of The Sherwin-Williams Company (NYSE:SHW) by 1.4% in the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 534,062 shares of the specialty chemicals company’s stock after selling 7,389 shares during the period. Sherwin-Williams comprises about 1.6% of Jensen Investment Management Inc.’s portfolio, making the stock its 23rd biggest holding. Jensen Investment Management Inc. owned about 0.21% of Sherwin-Williams worth $181,544,000 at the end of the most recent quarter.

Other institutional investors also recently modified their holdings of the company. Midwest Capital Advisors LLC acquired a new position in Sherwin-Williams in the 4th quarter worth about $26,000. FSA Wealth Management LLC acquired a new position in Sherwin-Williams in the 3rd quarter worth about $32,000. Sierra Ocean LLC acquired a new stake in shares of Sherwin-Williams in the fourth quarter valued at about $36,000. True Wealth Design LLC increased its stake in shares of Sherwin-Williams by 1,000.0% in the third quarter. True Wealth Design LLC now owns 99 shares of the specialty chemicals company’s stock valued at $38,000 after buying an additional 90 shares during the period. Finally, WR Wealth Planners LLC increased its stake in shares of Sherwin-Williams by 41.7% in the fourth quarter. WR Wealth Planners LLC now owns 119 shares of the specialty chemicals company’s stock valued at $40,000 after buying an additional 35 shares during the period. Institutional investors and hedge funds own 77.67% of the company’s stock.

Sherwin-Williams Stock Down 0.0 %

SHW stock opened at $341.99 on Monday. The Sherwin-Williams Company has a twelve month low of $282.09 and a twelve month high of $400.42. The company has a quick ratio of 0.46, a current ratio of 0.79 and a debt-to-equity ratio of 2.02. The stock’s 50 day moving average is $353.85 and its 200-day moving average is $365.62. The firm has a market capitalization of $86.01 billion, a PE ratio of 32.42, a P/E/G ratio of 2.98 and a beta of 1.23.

Sherwin-Williams (NYSE:SHW) last issued its quarterly earnings results on Thursday, January 30th. The specialty chemicals company reported $2.09 EPS for the quarter, beating analysts’ consensus estimates of $2.07 by $0.02. Sherwin-Williams had a return on equity of 74.50% and a net margin of 11.61%. During the same quarter in the prior year, the business earned $1.81 earnings per share. Sell-side analysts expect that The Sherwin-Williams Company will post 12 EPS for the current fiscal year.

Sherwin-Williams Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, March 14th. Investors of record on Monday, March 3rd were given a dividend of $0.79 per share. This represents a $3.16 dividend on an annualized basis and a dividend yield of 0.92%. This is an increase from Sherwin-Williams’s previous quarterly dividend of $0.72. The ex-dividend date of this dividend was Monday, March 3rd. Sherwin-Williams’s dividend payout ratio (DPR) is presently 29.95%.

Insider Activity at Sherwin-Williams

In related news, insider Colin M. Davie sold 2,799 shares of the stock in a transaction that occurred on Thursday, February 27th. The stock was sold at an average price of $360.30, for a total transaction of $1,008,479.70. Following the completion of the sale, the insider now directly owns 5,365 shares of the company’s stock, valued at approximately $1,933,009.50. This trade represents a 34.28 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. 0.60% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

Several equities research analysts have recently weighed in on the company. Royal Bank of Canada decreased their price target on Sherwin-Williams from $438.00 to $415.00 and set an “outperform” rating for the company in a research note on Monday, February 3rd. Morgan Stanley decreased their price target on Sherwin-Williams from $450.00 to $405.00 and set an “overweight” rating for the company in a research note on Tuesday, January 28th. JPMorgan Chase & Co. upped their target price on Sherwin-Williams from $370.00 to $390.00 and gave the company an “overweight” rating in a research report on Monday, February 3rd. Mizuho cut their target price on Sherwin-Williams from $435.00 to $408.00 and set an “outperform” rating on the stock in a research report on Tuesday, January 7th. Finally, StockNews.com lowered Sherwin-Williams from a “buy” rating to a “hold” rating in a research report on Thursday, November 28th. One investment analyst has rated the stock with a sell rating, six have given a hold rating, ten have issued a buy rating and two have issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $401.13.

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.