Argentarii LLC Has $760,000 Stock Holdings in The Sherwin-Williams Company (NYSE:SHW)

Argentarii LLC increased its position in The Sherwin-Williams Company (NYSE:SHW - Free Report) by 150.8% during the first quarter, according to its most recent Form 13F filing with the SEC. The fund owned 2,177 shares of the specialty chemicals company's stock after buying an additional 1,309 shares during the period. Argentarii LLC's holdings in Sherwin-Williams were worth $760,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently added to or reduced their stakes in the company. Brighton Jones LLC boosted its position in Sherwin-Williams by 73.6% during the fourth quarter. Brighton Jones LLC now owns 1,545 shares of the specialty chemicals company's stock worth $525,000 after purchasing an additional 655 shares during the period. Assetmark Inc. boosted its position in Sherwin-Williams by 15.4% during the fourth quarter. Assetmark Inc. now owns 9,125 shares of the specialty chemicals company's stock worth $3,102,000 after purchasing an additional 1,219 shares during the period. Proficio Capital Partners LLC boosted its position in Sherwin-Williams by 22.5% during the fourth quarter. Proficio Capital Partners LLC now owns 1,411 shares of the specialty chemicals company's stock worth $479,000 after purchasing an additional 259 shares during the period. E Fund Management Co. Ltd. boosted its position in Sherwin-Williams by 11.3% during the fourth quarter. E Fund Management Co. Ltd. now owns 711 shares of the specialty chemicals company's stock worth $242,000 after purchasing an additional 72 shares during the period. Finally, Callan Family Office LLC boosted its position in Sherwin-Williams by 125.5% during the fourth quarter. Callan Family Office LLC now owns 6,081 shares of the specialty chemicals company's stock worth $2,067,000 after purchasing an additional 3,384 shares during the period. Institutional investors and hedge funds own 77.67% of the company's stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have issued reports on the company. Bank of America upped their target price on Sherwin-Williams from $289.00 to $296.00 and gave the stock an "underperform" rating in a research report on Monday, June 23rd. Royal Bank Of Canada upped their target price on shares of Sherwin-Williams from $410.00 to $420.00 and gave the company an "outperform" rating in a research note on Thursday, May 1st. Jefferies Financial Group reiterated a "hold" rating and set a $380.00 target price (down from $423.00) on shares of Sherwin-Williams in a research note on Monday, March 10th. Barclays cut their target price on shares of Sherwin-Williams from $385.00 to $355.00 and set an "equal weight" rating for the company in a research note on Tuesday, April 1st. Finally, Morgan Stanley cut their target price on shares of Sherwin-Williams from $405.00 to $385.00 and set an "overweight" rating for the company in a research note on Tuesday, April 22nd. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating, ten have assigned a buy rating and two have given a strong buy rating to the stock. Based on data from MarketBeat.com, Sherwin-Williams presently has a consensus rating of "Moderate Buy" and a consensus target price of $391.31.

Sherwin-Williams Price Performance

Shares of NYSE SHW traded down $7.79 during midday trading on Monday, reaching $346.21. 2,198,761 shares of the company traded hands, compared to its average volume of 1,720,643. The firm has a market cap of $86.76 billion, a PE ratio of 32.72, a PEG ratio of 3.18 and a beta of 1.18. The stock's 50-day simple moving average is $351.21 and its 200-day simple moving average is $347.94. The Sherwin-Williams Company has a 12 month low of $296.40 and a 12 month high of $400.42. The company has a debt-to-equity ratio of 1.90, a quick ratio of 0.45 and a current ratio of 0.77.

Sherwin-Williams (NYSE:SHW - Get Free Report) last issued its quarterly earnings data 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 analysts' expectations of $5.42 billion. During the same period last year, the business earned $2.17 earnings per share. The business's revenue was down 1.1% on a year-over-year basis. As a group, equities analysts anticipate that The Sherwin-Williams Company will post 12 earnings per share for the current fiscal year.

Sherwin-Williams Announces Dividend

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

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.