Carnegie Capital Asset Management LLC increased its holdings in shares of Sherwin-Williams Co (NYSE:SHW) by 11.1% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 32,274 shares of the specialty chemicals company’s stock after buying an additional 3,225 shares during the period. Sherwin-Williams accounts for about 1.2% of Carnegie Capital Asset Management LLC’s investment portfolio, making the stock its 18th biggest holding. Carnegie Capital Asset Management LLC’s holdings in Sherwin-Williams were worth $13,032,000 at the end of the most recent quarter.
Other institutional investors and hedge funds have also bought and sold shares of the company. First Trust Advisors LP lifted its stake in Sherwin-Williams by 35.0% in the third quarter. First Trust Advisors LP now owns 57,142 shares of the specialty chemicals company’s stock valued at $20,459,000 after acquiring an additional 14,828 shares during the last quarter. State of New Jersey Common Pension Fund D bought a new position in Sherwin-Williams during the third quarter worth about $8,951,000. Highstreet Asset Management Inc. bought a new position in Sherwin-Williams during the third quarter worth about $238,000. Pictet Asset Management Ltd. increased its position in Sherwin-Williams by 3.0% during the third quarter. Pictet Asset Management Ltd. now owns 73,520 shares of the specialty chemicals company’s stock worth $26,323,000 after acquiring an additional 2,170 shares during the period. Finally, Raymond James Financial Services Advisors Inc. increased its position in Sherwin-Williams by 5.6% during the third quarter. Raymond James Financial Services Advisors Inc. now owns 25,175 shares of the specialty chemicals company’s stock worth $9,018,000 after acquiring an additional 1,339 shares during the period. 74.97% of the stock is owned by institutional investors and hedge funds.
Shares of Sherwin-Williams Co (SHW) opened at $413.77 on Wednesday. Sherwin-Williams Co has a 52 week low of $305.70 and a 52 week high of $435.15. The company has a market capitalization of $38,890.00, a price-to-earnings ratio of 32.61, a P/E/G ratio of 1.90 and a beta of 1.17. The company has a quick ratio of 0.67, a current ratio of 1.12 and a debt-to-equity ratio of 2.68.
The business also recently declared a quarterly dividend, which was paid on Friday, March 9th. Stockholders of record on Monday, February 26th were issued a dividend of $0.86 per share. The ex-dividend date was Friday, February 23rd. This is an increase from Sherwin-Williams’s previous quarterly dividend of $0.85. This represents a $3.44 annualized dividend and a dividend yield of 0.83%. Sherwin-Williams’s dividend payout ratio (DPR) is presently 27.11%.
SHW has been the topic of a number of analyst reports. Raymond James Financial initiated coverage on shares of Sherwin-Williams in a research note on Tuesday, December 19th. They set a “strong-buy” rating and a $496.00 price objective on the stock. Moffett Nathanson initiated coverage on shares of Sherwin-Williams in a research report on Monday, December 4th. They set a “buy” rating on the stock. Deutsche Bank assumed coverage on shares of Sherwin-Williams in a research report on Friday, December 22nd. They set a “hold” rating and a $420.00 target price on the stock. Zacks Investment Research lowered shares of Sherwin-Williams from a “buy” rating to a “hold” rating in a report on Tuesday, January 2nd. Finally, Royal Bank of Canada reiterated a “buy” rating and issued a $455.00 price objective on shares of Sherwin-Williams in a research note on Thursday, December 14th. One equities research analyst has rated the stock with a sell rating, eight have given a hold rating, fifteen have given a buy rating and one has given a strong buy rating to the stock. The stock has an average rating of “Buy” and a consensus price target of $436.20.
The Sherwin-Williams Company (Sherwin-Williams) is engaged in the development, manufacture, distribution and sale of paint, coatings and related products. The Company’s segments are Paint Stores Group, Consumer Group, Global Finishes Group, Latin America Coatings Group and Administrative. The Paint Stores Group markets and sells Sherwin-Williams branded architectural paint and coatings, protective and marine products, original equipment manufacturer (OEM) product finishes and related items.
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