Assetmark Inc. grew its position in The Sherwin-Williams Company (NYSE:SHW - Free Report) by 146.8% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 22,525 shares of the specialty chemicals company's stock after buying an additional 13,400 shares during the quarter. Assetmark Inc.'s holdings in Sherwin-Williams were worth $7,866,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors also recently made changes to their positions in the company. Perkins Coie Trust Co acquired a new position in shares of Sherwin-Williams in the first quarter worth about $27,000. Park Square Financial Group LLC acquired a new position in shares of Sherwin-Williams in the fourth quarter worth about $27,000. Synergy Investment Management LLC boosted its holdings in shares of Sherwin-Williams by 583.3% in the first quarter. Synergy Investment Management LLC now owns 82 shares of the specialty chemicals company's stock worth $29,000 after buying an additional 70 shares during the period. Barnes Dennig Private Wealth Management LLC acquired a new position in shares of Sherwin-Williams in the first quarter worth about $30,000. Finally, HWG Holdings LP acquired a new stake in shares of Sherwin-Williams during the first quarter worth approximately $46,000. 77.67% of the stock is currently owned by institutional investors and hedge funds.
Analyst Upgrades and Downgrades
SHW has been the subject of several research reports. BMO Capital Markets decreased their price target on shares of Sherwin-Williams from $405.00 to $391.00 and set an "outperform" rating for the company in a report on Wednesday, July 23rd. Wells Fargo & Company decreased their price target on shares of Sherwin-Williams from $420.00 to $400.00 and set an "overweight" rating for the company in a report on Wednesday, July 23rd. Citigroup decreased their price target on shares of Sherwin-Williams from $385.00 to $375.00 and set a "neutral" rating for the company in a report on Wednesday, July 23rd. Morgan Stanley cut their price objective on shares of Sherwin-Williams from $405.00 to $385.00 and set an "overweight" rating on the stock in a research report on Tuesday, April 22nd. Finally, Mizuho cut their price objective on shares of Sherwin-Williams from $400.00 to $385.00 and set an "outperform" rating on the stock in a research report on Wednesday, July 23rd. One analyst has rated the stock with a sell rating, six have issued a hold rating, ten have assigned a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average price target of $383.33.
View Our Latest Stock Report on Sherwin-Williams
Sherwin-Williams Stock Performance
SHW traded up $1.00 during trading on Thursday, reaching $332.98. 462,519 shares of the company's stock were exchanged, compared to its average volume of 1,749,019. The Sherwin-Williams Company has a fifty-two week low of $308.84 and a fifty-two week high of $400.42. The company has a quick ratio of 0.48, a current ratio of 0.78 and a debt-to-equity ratio of 1.78. The business has a 50 day moving average price of $346.77 and a 200 day moving average price of $348.11. The company has a market capitalization of $83.02 billion, a P/E ratio of 33.03, a PEG ratio of 3.19 and a beta of 1.18.
Sherwin-Williams (NYSE:SHW - Get Free Report) last issued its earnings results on Tuesday, July 22nd. The specialty chemicals company reported $3.38 EPS for the quarter, missing the consensus estimate of $3.76 by ($0.38). Sherwin-Williams had a net margin of 11.03% and a return on equity of 66.91%. The firm had revenue of $6.31 billion during the quarter, compared to analyst estimates of $6.31 billion. During the same quarter in the prior year, the firm posted $3.70 EPS. The firm's revenue for the quarter was up .6% on a year-over-year basis. As a group, analysts predict that The Sherwin-Williams Company will post 12 earnings per share for the current fiscal year.
Sherwin-Williams Dividend Announcement
The firm also recently announced a quarterly dividend, which will be paid on Friday, September 5th. Shareholders of record on Friday, August 15th will be given a dividend of $0.79 per share. The ex-dividend date of this dividend is Friday, August 15th. This represents a $3.16 dividend on an annualized basis and a yield of 0.95%. Sherwin-Williams's payout ratio is presently 31.35%.
Sherwin-Williams Profile
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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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