Sherwin-Williams Attracts Big Money from Institutional Investors
The Sherwin-Williams Company (NYSE:SHW) has attracted significant attention from institutional investors, including Plato Investment Management Ltd. According to its latest Form 13F filing with the Securities & Exchange Commission, Plato purchased a new position in SHW during the second quarter, acquiring 13,298 shares valued at approximately $4,552,000.
This is not an isolated instance of interest in SHW; other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Norges Bank acquired a new position in SHW during the fourth quarter valued at approximately $1,089,450,000, while Viking Global Investors LP grew its holdings by 101.4% during the second quarter.
Analysts have also been weighing in on SHW, with several brokerages reaffirming their 'outperform' ratings and price targets. For example, BMO Capital Markets raised its target price to $405.00, while JPMorgan Chase & Co. lifted its price target from $365.00 to $380.00.
SHW has also announced a quarterly dividend of $0.80 per share, payable on September 11th to shareholders of record on August 21st.