Amalgamated Bank Boosts Stock Position in The Sherwin-Williams Company (NYSE:SHW)

Amalgamated Bank raised its stake in The Sherwin-Williams Company (NYSE:SHW - Free Report) by 1.6% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 50,330 shares of the specialty chemicals company's stock after purchasing an additional 782 shares during the period. Amalgamated Bank's holdings in Sherwin-Williams were worth $17,575,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Perkins Coie Trust Co purchased a new position in Sherwin-Williams in the first quarter valued at about $27,000. Park Square Financial Group LLC purchased a new position in Sherwin-Williams in the fourth quarter valued at about $27,000. Lee Danner & Bass Inc. purchased a new position in Sherwin-Williams in the fourth quarter valued at about $28,000. WR Wealth Planners LLC grew its stake in Sherwin-Williams by 41.7% in the fourth quarter. WR Wealth Planners LLC now owns 119 shares of the specialty chemicals company's stock valued at $40,000 after purchasing an additional 35 shares during the last quarter. Finally, HWG Holdings LP purchased a new position in Sherwin-Williams in the first quarter valued at about $46,000. Hedge funds and other institutional investors own 77.67% of the company's stock.

Sherwin-Williams Trading Up 1.2%

Shares of NYSE:SHW opened at $346.03 on Monday. The Sherwin-Williams Company has a 12-month low of $292.33 and a 12-month high of $400.42. The company has a market capitalization of $86.72 billion, a PE ratio of 32.71, a PEG ratio of 3.11 and a beta of 1.21. The business has a 50 day moving average of $349.22 and a two-hundred day moving average of $348.16. 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 announced its quarterly earnings results on Tuesday, April 29th. The specialty chemicals company reported $2.25 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $2.23 by $0.02. Sherwin-Williams had a return on equity of 71.86% and a net margin of 11.63%. The company had revenue of $5.31 billion during the quarter, compared to the consensus estimate of $5.42 billion. During the same period in the previous year, the company posted $2.17 earnings per share. Sherwin-Williams's revenue for the quarter was down 1.1% on a year-over-year basis. As a group, analysts forecast that The Sherwin-Williams Company will post 12 EPS for the current year.

Sherwin-Williams Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, June 6th. Shareholders of record on Friday, May 16th were issued a $0.79 dividend. This represents a $3.16 dividend on an annualized basis and a yield of 0.91%. The ex-dividend date of this dividend was Friday, May 16th. Sherwin-Williams's payout ratio is presently 29.87%.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently weighed in on the company. Wells Fargo & Company upgraded Sherwin-Williams from an "equal weight" rating to an "overweight" rating and boosted their price target for the stock from $350.00 to $420.00 in a research note on Wednesday, April 30th. Barclays dropped their price target on Sherwin-Williams from $385.00 to $355.00 and set an "equal weight" rating on the stock in a research note on Tuesday, April 1st. UBS Group dropped their price target on Sherwin-Williams from $430.00 to $400.00 and set a "buy" rating on the stock in a research note on Monday, April 7th. Bank of America boosted their price target on Sherwin-Williams from $289.00 to $296.00 and gave the stock an "underperform" rating in a research note on Monday, June 23rd. Finally, Mizuho set a $395.00 price target on Sherwin-Williams in a research note on Tuesday, April 15th. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating, ten have issued a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus target price of $391.31.

About Sherwin-Williams

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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