Marshall Wace LLP Has $96.07 Million Position in The Sherwin-Williams Company (NYSE:SHW)

Marshall Wace LLP grew its holdings in shares of The Sherwin-Williams Company (NYSE:SHW) by 18.3% during the 2nd quarter, HoldingsChannel reports. The institutional investor owned 321,908 shares of the specialty chemicals company’s stock after purchasing an additional 49,842 shares during the period. Marshall Wace LLP’s holdings in Sherwin-Williams were worth $96,067,000 as of its most recent SEC filing.

Several other hedge funds also recently modified their holdings of the stock. Vanguard Group Inc. boosted its position in Sherwin-Williams by 0.9% during the first quarter. Vanguard Group Inc. now owns 21,620,939 shares of the specialty chemicals company’s stock valued at $7,509,601,000 after purchasing an additional 184,979 shares during the last quarter. Capital World Investors boosted its holdings in shares of Sherwin-Williams by 38.9% in the 4th quarter. Capital World Investors now owns 3,840,789 shares of the specialty chemicals company’s stock valued at $1,197,952,000 after buying an additional 1,075,351 shares during the last quarter. Capital Research Global Investors grew its stake in shares of Sherwin-Williams by 2.3% in the fourth quarter. Capital Research Global Investors now owns 2,536,096 shares of the specialty chemicals company’s stock valued at $791,008,000 after buying an additional 56,161 shares in the last quarter. Capital International Investors increased its holdings in Sherwin-Williams by 10.5% during the first quarter. Capital International Investors now owns 2,302,120 shares of the specialty chemicals company’s stock worth $799,595,000 after buying an additional 219,149 shares during the last quarter. Finally, DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main raised its position in Sherwin-Williams by 2.8% during the fourth quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main now owns 1,820,266 shares of the specialty chemicals company’s stock worth $567,740,000 after acquiring an additional 49,809 shares in the last quarter. Institutional investors own 77.67% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts recently issued reports on SHW shares. Jefferies Financial Group raised their target price on shares of Sherwin-Williams from $392.00 to $415.00 and gave the company a “buy” rating in a research note on Monday, August 26th. UBS Group upped their target price on Sherwin-Williams from $375.00 to $412.00 and gave the company a “buy” rating in a research report on Friday, August 30th. Robert W. Baird lifted their price target on Sherwin-Williams from $310.00 to $325.00 and gave the stock a “neutral” rating in a report on Wednesday, July 24th. BMO Capital Markets reaffirmed an “outperform” rating and issued a $400.00 price objective (up from $386.00) on shares of Sherwin-Williams in a report on Wednesday, September 4th. Finally, Redburn Atlantic raised Sherwin-Williams to a “strong-buy” rating in a report on Thursday, July 18th. One analyst has rated the stock with a sell rating, six have assigned a hold rating, fifteen have given a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $362.68.

Insiders Place Their Bets

In other Sherwin-Williams news, CFO Allen J. Mistysyn sold 14,520 shares of the stock in a transaction dated Friday, August 30th. The stock was sold at an average price of $366.83, for a total value of $5,326,371.60. Following the completion of the transaction, the chief financial officer now directly owns 63,520 shares in the company, valued at $23,301,041.60. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 0.60% of the company’s stock.

Sherwin-Williams Price Performance

Sherwin-Williams stock opened at $381.56 on Wednesday. The company has a debt-to-equity ratio of 2.17, a quick ratio of 0.50 and a current ratio of 0.81. The Sherwin-Williams Company has a 52 week low of $232.06 and a 52 week high of $383.70. The stock has a market capitalization of $96.25 billion, a P/E ratio of 40.68, a price-to-earnings-growth ratio of 3.00 and a beta of 1.17. The stock has a fifty day moving average of $356.19 and a 200-day moving average of $328.77.

Sherwin-Williams (NYSE:SHW) last issued its earnings results on Tuesday, July 23rd. The specialty chemicals company reported $3.70 EPS for the quarter, topping the consensus estimate of $3.51 by $0.19. Sherwin-Williams had a return on equity of 75.58% and a net margin of 10.92%. The firm had revenue of $6.27 billion during the quarter, compared to the consensus estimate of $6.33 billion. During the same quarter in the previous year, the firm earned $3.29 earnings per share. The business’s quarterly revenue was up .5% on a year-over-year basis. On average, sell-side analysts expect that The Sherwin-Williams Company will post 11.47 earnings per share for the current fiscal year.

Sherwin-Williams Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, September 6th. Shareholders of record on Friday, August 16th were given a $0.715 dividend. The ex-dividend date of this dividend was Friday, August 16th. This represents a $2.86 dividend on an annualized basis and a yield of 0.75%. Sherwin-Williams’s dividend payout ratio is currently 30.49%.

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.