Praxis Investment Management Inc. purchased a new stake in The Sherwin-Williams Company (NYSE:SHW - Free Report) in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor purchased 1,490 shares of the specialty chemicals company's stock, valued at approximately $520,000.
Several other large investors have also recently added to or reduced their stakes in the company. Vanguard Group Inc. raised its holdings in Sherwin-Williams by 0.6% in the 4th quarter. Vanguard Group Inc. now owns 21,836,648 shares of the specialty chemicals company's stock valued at $7,422,932,000 after acquiring an additional 138,170 shares in the last quarter. FMR LLC raised its holdings in Sherwin-Williams by 1.6% in the 4th quarter. FMR LLC now owns 6,588,755 shares of the specialty chemicals company's stock valued at $2,239,715,000 after acquiring an additional 106,093 shares in the last quarter. Geode Capital Management LLC raised its holdings in Sherwin-Williams by 2.0% in the 4th quarter. Geode Capital Management LLC now owns 4,829,702 shares of the specialty chemicals company's stock valued at $1,636,679,000 after acquiring an additional 96,571 shares in the last quarter. Alliancebernstein L.P. raised its holdings in Sherwin-Williams by 2.0% in the 4th quarter. Alliancebernstein L.P. now owns 4,316,000 shares of the specialty chemicals company's stock valued at $1,467,138,000 after acquiring an additional 86,268 shares in the last quarter. Finally, Norges Bank acquired a new position in Sherwin-Williams in the 4th quarter valued at approximately $1,359,747,000. Institutional investors and hedge funds own 77.67% of the company's stock.
Wall Street Analysts Forecast Growth
Several equities analysts have commented on SHW shares. Barclays cut their price target on Sherwin-Williams from $385.00 to $355.00 and set an "equal weight" rating for the company in a report on Tuesday, April 1st. Royal Bank Of Canada increased their target price on Sherwin-Williams from $410.00 to $420.00 and gave the stock an "outperform" rating in a report on Thursday, May 1st. Jefferies Financial Group reissued a "hold" rating and issued a $380.00 target price (down from $423.00) on shares of Sherwin-Williams in a report on Monday, March 10th. Mizuho set a $395.00 target price on Sherwin-Williams in a report on Tuesday, April 15th. Finally, Bank of America increased their target price on Sherwin-Williams from $289.00 to $296.00 and gave the stock an "underperform" rating in a report on Monday. One research analyst has rated the stock with a sell rating, six have given a hold rating, ten have given a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average target price of $391.31.
View Our Latest Analysis on Sherwin-Williams
Sherwin-Williams Price Performance
NYSE SHW traded up $10.43 during trading hours on Monday, reaching $343.93. 1,595,243 shares of the company's stock were exchanged, compared to its average volume of 1,724,862. The stock has a market cap of $86.19 billion, a PE ratio of 32.51, a price-to-earnings-growth ratio of 3.03 and a beta of 1.21. The Sherwin-Williams Company has a one year low of $292.27 and a one year high of $400.42. The firm has a fifty day moving average of $348.37 and a 200-day moving average of $348.93. The company has a current ratio of 0.77, a quick ratio of 0.45 and a debt-to-equity ratio of 1.90.
Sherwin-Williams (NYSE:SHW - Get Free Report) last released its quarterly earnings results on Tuesday, April 29th. The specialty chemicals company reported $2.25 EPS for the quarter, topping analysts' consensus estimates of $2.23 by $0.02. The business had revenue of $5.31 billion for the quarter, compared to analyst estimates of $5.42 billion. Sherwin-Williams had a return on equity of 71.86% and a net margin of 11.63%. Sherwin-Williams's revenue for the quarter was down 1.1% on a year-over-year basis. During the same period in the prior year, the company earned $2.17 EPS. On average, equities research analysts predict that The Sherwin-Williams Company will post 12 earnings per share for the current fiscal year.
Sherwin-Williams Announces Dividend
The firm also recently declared a quarterly dividend, which was paid on Friday, June 6th. Investors of record on Friday, May 16th were given a dividend of $0.79 per share. The ex-dividend date of this dividend was Friday, May 16th. This represents a $3.16 dividend on an annualized basis and a yield of 0.92%. Sherwin-Williams's dividend payout ratio (DPR) is presently 29.87%.
About Sherwin-Williams
(
Free Report)
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.
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