The Sherwin-Williams Company (NYSE:SHW) Holdings Raised by Ballentine Partners LLC

Ballentine Partners LLC boosted its stake in The Sherwin-Williams Company (NYSE:SHW - Free Report) by 26.6% in the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 6,368 shares of the specialty chemicals company's stock after acquiring an additional 1,337 shares during the quarter. Ballentine Partners LLC's holdings in Sherwin-Williams were worth $2,224,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Voleon Capital Management LP acquired a new stake in shares of Sherwin-Williams during the fourth quarter worth approximately $2,011,000. Kingswood Wealth Advisors LLC grew its position in shares of Sherwin-Williams by 25.0% during the first quarter. Kingswood Wealth Advisors LLC now owns 1,006 shares of the specialty chemicals company's stock worth $352,000 after buying an additional 201 shares in the last quarter. Sowell Financial Services LLC acquired a new stake in shares of Sherwin-Williams during the first quarter worth approximately $306,000. Wealthcare Advisory Partners LLC grew its position in shares of Sherwin-Williams by 18.4% during the first quarter. Wealthcare Advisory Partners LLC now owns 882 shares of the specialty chemicals company's stock worth $308,000 after buying an additional 137 shares in the last quarter. Finally, Horizon Investments LLC grew its position in shares of Sherwin-Williams by 2.7% during the fourth quarter. Horizon Investments LLC now owns 6,031 shares of the specialty chemicals company's stock worth $2,050,000 after buying an additional 161 shares in the last quarter. Hedge funds and other institutional investors own 77.67% of the company's stock.

Sherwin-Williams Stock Performance

SHW stock traded down $5.93 during mid-day trading on Friday, reaching $345.90. The company had a trading volume of 1,034,538 shares, compared to its average volume of 1,721,347. The company has a quick ratio of 0.45, a current ratio of 0.77 and a debt-to-equity ratio of 1.90. The stock has a market capitalization of $86.68 billion, a P/E ratio of 32.69, a P/E/G ratio of 3.11 and a beta of 1.18. The Sherwin-Williams Company has a one year low of $308.84 and a one year high of $400.42. The stock's 50-day simple moving average is $351.12 and its two-hundred day simple moving average is $348.01.

Sherwin-Williams (NYSE:SHW - Get Free Report) last posted its 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. The company had revenue of $5.31 billion for the quarter, compared to analysts' expectations of $5.42 billion. Sherwin-Williams had a return on equity of 71.86% and a net margin of 11.63%. The firm's quarterly revenue was down 1.1% compared to the same quarter last year. During the same period last year, the business posted $2.17 earnings per share. Research analysts anticipate that The Sherwin-Williams Company will post 12 EPS for the current year.

Sherwin-Williams Announces Dividend

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

Wall Street Analyst Weigh In

A number of research firms have recently weighed in on SHW. Royal Bank Of Canada raised their price target on shares of Sherwin-Williams from $410.00 to $420.00 and gave the stock an "outperform" rating in a research report on Thursday, May 1st. Mizuho set a $395.00 price target on shares of Sherwin-Williams in a research report on Tuesday, April 15th. Citigroup cut Sherwin-Williams from a "buy" rating to a "neutral" rating and reduced their price objective for the stock from $405.00 to $385.00 in a research note on Friday, June 13th. UBS Group raised their price objective on Sherwin-Williams from $398.00 to $410.00 and gave the stock a "buy" rating in a research note on Wednesday. Finally, Morgan Stanley reduced their price objective on Sherwin-Williams from $405.00 to $385.00 and set an "overweight" rating on the stock in a research note on Tuesday, April 22nd. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating, ten have assigned a buy rating and two have given a strong buy rating to the company. According to MarketBeat.com, Sherwin-Williams has an average rating of "Moderate Buy" and an average price target of $391.94.

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.