Argentarii LLC Increases Stock Position in The Sherwin-Williams Company (NYSE:SHW)

Argentarii LLC boosted its stake in The Sherwin-Williams Company (NYSE:SHW - Free Report) by 150.8% in the 1st quarter, according to its most recent filing with the SEC. The fund owned 2,177 shares of the specialty chemicals company's stock after purchasing 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 quarter.

Several other institutional investors have also recently added to or reduced their stakes in SHW. Norges Bank acquired a new position in shares of Sherwin-Williams in the fourth quarter worth $1,359,747,000. GAMMA Investing LLC grew its stake in Sherwin-Williams by 41,717.1% during the 1st quarter. GAMMA Investing LLC now owns 1,636,304 shares of the specialty chemicals company's stock worth $571,381,000 after purchasing an additional 1,632,391 shares in the last quarter. Capital Research Global Investors grew its stake in Sherwin-Williams by 47.1% during the 4th quarter. Capital Research Global Investors now owns 2,998,647 shares of the specialty chemicals company's stock worth $1,019,329,000 after purchasing an additional 960,724 shares in the last quarter. Barclays PLC grew its stake in Sherwin-Williams by 54.2% during the 4th quarter. Barclays PLC now owns 2,073,533 shares of the specialty chemicals company's stock worth $704,855,000 after purchasing an additional 728,798 shares in the last quarter. Finally, Northern Trust Corp grew its stake in Sherwin-Williams by 28.0% during the 4th quarter. Northern Trust Corp now owns 2,725,827 shares of the specialty chemicals company's stock worth $926,590,000 after purchasing an additional 595,586 shares in the last quarter. Institutional investors and hedge funds own 77.67% of the company's stock.

Sherwin-Williams Stock Performance

Sherwin-Williams stock traded down $0.31 during midday trading on Tuesday, hitting $345.98. 1,319,791 shares of the company's stock were exchanged, compared to its average volume of 1,719,238. The Sherwin-Williams Company has a 12-month low of $297.86 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. The stock has a market cap of $86.70 billion, a price-to-earnings ratio of 32.70, a price-to-earnings-growth ratio of 3.11 and a beta of 1.18. The firm's 50 day simple moving average is $351.50 and its 200 day simple moving average is $347.94.

Sherwin-Williams (NYSE:SHW - Get Free Report) last released its quarterly earnings results on Tuesday, April 29th. The specialty chemicals company reported $2.25 earnings per share (EPS) for the quarter, topping 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 firm had revenue of $5.31 billion for the quarter, compared to analyst estimates of $5.42 billion. During the same quarter last year, the company posted $2.17 earnings per share. The business's revenue was down 1.1% on a year-over-year basis. Equities research analysts predict that The Sherwin-Williams Company will post 12 EPS for the current year.

Sherwin-Williams Dividend Announcement

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

Wall Street Analyst Weigh In

A number of equities analysts have recently commented on SHW shares. Royal Bank Of Canada boosted their price objective on Sherwin-Williams from $410.00 to $420.00 and gave the stock an "outperform" rating in a research report on Thursday, May 1st. Barclays lowered their price target on shares of Sherwin-Williams from $385.00 to $355.00 and set an "equal weight" rating for the company in a report on Tuesday, April 1st. Mizuho set a $395.00 price target on shares of Sherwin-Williams in a report on Tuesday, April 15th. Wells Fargo & Company upgraded shares of Sherwin-Williams from an "equal weight" rating to an "overweight" rating and boosted their target price for the stock from $350.00 to $420.00 in a research note on Wednesday, April 30th. Finally, Citigroup downgraded shares of Sherwin-Williams from a "buy" rating to a "neutral" rating and lowered their target price for the stock from $405.00 to $385.00 in a research note on Friday, June 13th. One equities research analyst has rated the stock with a sell rating, six have given a hold rating, ten have assigned a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat, Sherwin-Williams currently has a consensus rating of "Moderate Buy" and an average price target 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.