Atria Investments Inc Lowers Stake in The Sherwin-Williams Company (NYSE:SHW)

Atria Investments Inc lessened its holdings in shares of The Sherwin-Williams Company (NYSE:SHW - Free Report) by 21.6% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 27,533 shares of the specialty chemicals company's stock after selling 7,590 shares during the quarter. Atria Investments Inc's holdings in Sherwin-Williams were worth $9,614,000 at the end of the most recent quarter.

A number of other institutional investors have also recently bought and sold shares of SHW. Coppell Advisory Solutions LLC lifted its holdings in shares of Sherwin-Williams by 2.7% during the fourth quarter. Coppell Advisory Solutions LLC now owns 1,146 shares of the specialty chemicals company's stock worth $388,000 after buying an additional 30 shares during the last quarter. Opal Wealth Advisors LLC lifted its holdings in Sherwin-Williams by 4.2% in the first quarter. Opal Wealth Advisors LLC now owns 791 shares of the specialty chemicals company's stock valued at $276,000 after buying an additional 32 shares during the period. YANKCOM Partnership raised its holdings in Sherwin-Williams by 8.8% in the first quarter. YANKCOM Partnership now owns 420 shares of the specialty chemicals company's stock worth $147,000 after purchasing an additional 34 shares during the period. Kornitzer Capital Management Inc. KS increased its position in shares of Sherwin-Williams by 4.9% during the first quarter. Kornitzer Capital Management Inc. KS now owns 755 shares of the specialty chemicals company's stock worth $264,000 after acquiring an additional 35 shares in the last quarter. Finally, Zhang Financial LLC lifted its position in shares of Sherwin-Williams by 2.2% in the first quarter. Zhang Financial LLC now owns 1,696 shares of the specialty chemicals company's stock worth $592,000 after purchasing an additional 36 shares in the last quarter. Institutional investors and hedge funds own 77.67% of the company's stock.

Analyst Ratings Changes

Several equities analysts have recently weighed in on SHW shares. Royal Bank Of Canada increased their price objective on shares of Sherwin-Williams from $410.00 to $420.00 and gave the company an "outperform" rating in a research report on Thursday, May 1st. Bank of America increased their price target on Sherwin-Williams from $289.00 to $296.00 and gave the stock an "underperform" rating in a report on Monday, June 23rd. Wells Fargo & Company dropped their price target on Sherwin-Williams from $420.00 to $400.00 and set an "overweight" rating on the stock in a report on Wednesday. Loop Capital dropped their price target on shares of Sherwin-Williams from $395.00 to $380.00 and set a "buy" rating on the stock in a research note on Wednesday. Finally, Citigroup dropped their price target on Sherwin-Williams from $385.00 to $375.00 and set a "neutral" rating for the company in a research report on Wednesday. One research analyst has rated the stock with a sell rating, six have issued a hold rating, ten have assigned a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, Sherwin-Williams currently has a consensus rating of "Moderate Buy" and a consensus price target of $383.33.

Sherwin-Williams Stock Down 0.1%

Shares of SHW stock traded down $0.34 during trading hours on Friday, hitting $339.87. 1,867,755 shares of the company's stock traded hands, compared to its average volume of 1,678,218. The stock's fifty day simple moving average is $348.16 and its two-hundred day simple moving average is $348.10. The stock has a market cap of $85.17 billion, a price-to-earnings ratio of 33.72, a PEG ratio of 3.21 and a beta of 1.18. The Sherwin-Williams Company has a 12-month low of $308.84 and a 12-month high of $400.42. The company has a quick ratio of 0.45, a current ratio of 0.78 and a debt-to-equity ratio of 1.78.

Sherwin-Williams (NYSE:SHW - Get Free Report) last issued its quarterly earnings results on Tuesday, July 22nd. The specialty chemicals company reported $3.38 earnings per share for the quarter, missing the consensus estimate of $3.76 by ($0.38). The business had revenue of $6.31 billion for the quarter, compared to analysts' expectations of $6.31 billion. Sherwin-Williams had a return on equity of 66.91% and a net margin of 11.03%. The company's revenue was up .6% compared to the same quarter last year. During the same quarter in the prior year, the business earned $3.70 EPS. On average, analysts expect that The Sherwin-Williams Company will post 12 EPS for the current year.

Sherwin-Williams Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, September 5th. Stockholders of record on Friday, August 15th will be paid a $0.79 dividend. This represents a $3.16 annualized dividend and a dividend yield of 0.93%. The ex-dividend date is Friday, August 15th. Sherwin-Williams's payout ratio is 31.35%.

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.