The Sherwin-Williams Company $SHW Stock Holdings Raised by Chilton Investment Co. Inc.

Chilton Investment Co. Inc. grew its position in shares of The Sherwin-Williams Company (NYSE:SHW) by 3.4% in the 3rd quarter, HoldingsChannel reports. The firm owned 1,012,856 shares of the specialty chemicals company’s stock after acquiring an additional 33,063 shares during the quarter. Sherwin-Williams makes up about 7.1% of Chilton Investment Co. Inc.’s holdings, making the stock its 3rd biggest holding. Chilton Investment Co. Inc.’s holdings in Sherwin-Williams were worth $350,712,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently modified their holdings of SHW. Norges Bank bought a new position in shares of Sherwin-Williams during the 2nd quarter valued at about $1,296,565,000. Viking Global Investors LP lifted its position in Sherwin-Williams by 101.4% in the 2nd quarter. Viking Global Investors LP now owns 1,957,750 shares of the specialty chemicals company’s stock worth $672,213,000 after buying an additional 985,520 shares during the last quarter. Amundi boosted its stake in Sherwin-Williams by 55.8% in the second quarter. Amundi now owns 1,665,333 shares of the specialty chemicals company’s stock worth $587,047,000 after buying an additional 596,657 shares in the last quarter. JPMorgan Chase & Co. boosted its stake in Sherwin-Williams by 22.3% in the second quarter. JPMorgan Chase & Co. now owns 3,039,306 shares of the specialty chemicals company’s stock worth $1,043,595,000 after buying an additional 553,275 shares in the last quarter. Finally, DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main grew its position in Sherwin-Williams by 9.9% during the second quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main now owns 3,887,808 shares of the specialty chemicals company’s stock valued at $1,334,918,000 after acquiring an additional 351,453 shares during the last quarter. 77.67% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several research analysts have commented on the stock. Mizuho lifted their price target on shares of Sherwin-Williams from $400.00 to $410.00 and gave the stock an “outperform” rating in a research note on Tuesday, February 17th. Zacks Research lowered shares of Sherwin-Williams from a “hold” rating to a “strong sell” rating in a report on Friday, January 30th. Deutsche Bank Aktiengesellschaft cut shares of Sherwin-Williams from a “buy” rating to a “hold” rating and set a $380.00 target price on the stock. in a research report on Thursday, January 22nd. Vertical Research raised shares of Sherwin-Williams from a “hold” rating to a “buy” rating and set a $371.00 price target for the company in a research note on Wednesday, January 7th. Finally, UBS Group set a $420.00 price target on shares of Sherwin-Williams in a research report on Friday, January 30th. Eleven research analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $388.21.

Insider Transactions at Sherwin-Williams

In other Sherwin-Williams news, insider Colin M. Davie sold 2,976 shares of the company’s stock in a transaction that occurred on Monday, February 2nd. The stock was sold at an average price of $359.50, for a total transaction of $1,069,872.00. Following the completion of the transaction, the insider owned 5,365 shares of the company’s stock, valued at $1,928,717.50. This represents a 35.68% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, SVP Bryan J. Young sold 2,513 shares of the stock in a transaction that occurred on Tuesday, February 24th. The stock was sold at an average price of $364.47, for a total value of $915,913.11. Following the completion of the sale, the senior vice president owned 10,045 shares of the company’s stock, valued at approximately $3,661,101.15. This trade represents a 20.01% decrease in their position. The SEC filing for this sale provides additional information. 0.60% of the stock is owned by insiders.

Sherwin-Williams Trading Up 0.6%

Shares of SHW opened at $319.62 on Friday. The stock has a market capitalization of $79.06 billion, a P/E ratio of 31.12, a PEG ratio of 2.77 and a beta of 1.25. The Sherwin-Williams Company has a twelve month low of $308.84 and a twelve month high of $379.65. The company has a quick ratio of 0.53, a current ratio of 0.87 and a debt-to-equity ratio of 2.03. The firm has a fifty day simple moving average of $352.08 and a two-hundred day simple moving average of $344.38.

Sherwin-Williams (NYSE:SHW) last released its quarterly earnings data 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 firm had revenue of $5.60 billion for the quarter, compared to analysts’ expectations of $5.57 billion. Sherwin-Williams had a net margin of 10.90% and a return on equity of 65.26%. The company’s revenue for the quarter was up 5.6% compared to the same quarter last year. During the same quarter in the previous year, the company earned $2.09 earnings per share. On average, research analysts anticipate that The Sherwin-Williams Company will post 12 EPS for the current year.

Sherwin-Williams Increases Dividend

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

About Sherwin-Williams

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.