Syon Capital LLC Has $550,000 Position in The Sherwin-Williams Company (NYSE:SHW)

Syon Capital LLC boosted its stake in The Sherwin-Williams Company (NYSE:SHW) by 63.9% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 1,764 shares of the specialty chemicals company’s stock after purchasing an additional 688 shares during the quarter. Syon Capital LLC’s holdings in Sherwin-Williams were worth $550,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. FMR LLC increased its holdings in Sherwin-Williams by 65.4% during the 3rd quarter. FMR LLC now owns 5,427,014 shares of the specialty chemicals company’s stock worth $1,384,160,000 after purchasing an additional 2,146,102 shares in the last quarter. Alphinity Investment Management Pty Ltd purchased a new stake in Sherwin-Williams in the 4th quarter valued at $432,737,000. International Assets Investment Management LLC lifted its stake in Sherwin-Williams by 2,853.9% during the 4th quarter. International Assets Investment Management LLC now owns 650,186 shares of the specialty chemicals company’s stock valued at $202,793,000 after acquiring an additional 628,175 shares in the last quarter. The Manufacturers Life Insurance Company boosted its holdings in Sherwin-Williams by 188.3% during the 3rd quarter. The Manufacturers Life Insurance Company now owns 758,914 shares of the specialty chemicals company’s stock worth $193,561,000 after acquiring an additional 495,668 shares during the last quarter. Finally, Envestnet Asset Management Inc. lifted its stake in Sherwin-Williams by 49.7% in the third quarter. Envestnet Asset Management Inc. now owns 985,909 shares of the specialty chemicals company’s stock valued at $251,456,000 after purchasing an additional 327,372 shares during the last quarter. 77.67% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

SHW has been the topic of several research reports. Wells Fargo & Company boosted their target price on Sherwin-Williams from $310.00 to $320.00 and gave the company an “equal weight” rating in a research note on Friday, January 26th. Evercore ISI dropped their price objective on shares of Sherwin-Williams from $385.00 to $380.00 and set an “outperform” rating on the stock in a report on Tuesday, April 16th. Robert W. Baird increased their target price on shares of Sherwin-Williams from $300.00 to $310.00 and gave the stock a “neutral” rating in a research report on Wednesday. Loop Capital lowered their price target on shares of Sherwin-Williams from $395.00 to $380.00 and set a “buy” rating on the stock in a research report on Wednesday. Finally, StockNews.com downgraded shares of Sherwin-Williams from a “buy” rating to a “hold” rating in a report on Thursday. One research analyst has rated the stock with a sell rating, seven have given a hold rating and thirteen have given a buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $337.37.

Sherwin-Williams Price Performance

Sherwin-Williams stock opened at $306.45 on Friday. The stock has a market cap of $77.98 billion, a price-to-earnings ratio of 32.67, a PEG ratio of 2.45 and a beta of 1.15. The company has a quick ratio of 0.48, a current ratio of 0.78 and a debt-to-equity ratio of 2.32. The business has a 50-day simple moving average of $328.05 and a 200 day simple moving average of $299.19. The Sherwin-Williams Company has a 52 week low of $221.76 and a 52 week high of $348.37.

Sherwin-Williams (NYSE:SHW) last issued its quarterly earnings data on Tuesday, April 23rd. The specialty chemicals company reported $2.17 EPS for the quarter, missing the consensus estimate of $2.22 by ($0.05). The business had revenue of $5.37 billion for the quarter, compared to analysts’ expectations of $5.50 billion. Sherwin-Williams had a return on equity of 73.74% and a net margin of 10.52%. The firm’s revenue for the quarter was down 1.4% compared to the same quarter last year. During the same period in the previous year, the firm posted $2.04 EPS. On average, research analysts forecast that The Sherwin-Williams Company will post 11.41 earnings per share for the current fiscal year.

Sherwin-Williams Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, June 7th. Stockholders of record on Friday, May 17th will be issued a $0.715 dividend. This represents a $2.86 dividend on an annualized basis and a dividend yield of 0.93%. The ex-dividend date of this dividend is Thursday, May 16th. Sherwin-Williams’s payout ratio is 30.49%.

Insider Activity

In related news, SVP Mary L. Garceau sold 23,518 shares of the company’s stock in a transaction on Monday, February 26th. The shares were sold at an average price of $322.66, for a total value of $7,588,317.88. Following the completion of the transaction, the senior vice president now directly owns 28,475 shares in the company, valued at $9,187,743.50. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. In related news, insider Justin T. Binns sold 1,563 shares of the firm’s stock in a transaction dated Wednesday, March 13th. The stock was sold at an average price of $338.87, for a total transaction of $529,653.81. Following the transaction, the insider now directly owns 14,564 shares of the company’s stock, valued at approximately $4,935,302.68. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, SVP Mary L. Garceau sold 23,518 shares of the company’s stock in a transaction that occurred on Monday, February 26th. The stock was sold at an average price of $322.66, for a total value of $7,588,317.88. Following the completion of the sale, the senior vice president now directly owns 28,475 shares of the company’s stock, valued at approximately $9,187,743.50. The disclosure for this sale can be found here. In the last quarter, insiders have sold 32,050 shares of company stock worth $10,340,237. 0.60% of the stock is currently owned by corporate insiders.

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.