Banque Cantonale Vaudoise Takes $673,000 Position in The Sherwin-Williams Company (NYSE:SHW)

Key Points

• Banque Cantonale Vaudoise has taken a new stake in The Sherwin-Williams Company, acquiring 1,926 shares valued at approximately $673,000.
• Institutional investors now own 77.67% of Sherwin-Williams' stock, with several firms increasing their positions significantly in recent quarters.
• Analysts have revised their price targets for Sherwin-Williams, with consensus rating reflecting a "Moderate Buy" and a price target of $383.33.

Banque Cantonale Vaudoise acquired a new stake in shares of The Sherwin-Williams Company (NYSE:SHW - Free Report) during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 1,926 shares of the specialty chemicals company's stock, valued at approximately $673,000.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Brighton Jones LLC increased its position in Sherwin-Williams by 73.6% in 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 last quarter. Headlands Technologies LLC increased its position in Sherwin-Williams by 34.3% in the fourth quarter. Headlands Technologies LLC now owns 2,188 shares of the specialty chemicals company's stock worth $744,000 after purchasing an additional 559 shares during the last quarter. Meeder Advisory Services Inc. increased its position in Sherwin-Williams by 3.7% in the fourth quarter. Meeder Advisory Services Inc. now owns 5,264 shares of the specialty chemicals company's stock worth $1,789,000 after purchasing an additional 188 shares during the last quarter. World Investment Advisors increased its position in Sherwin-Williams by 71.6% in the fourth quarter. World Investment Advisors now owns 1,656 shares of the specialty chemicals company's stock worth $563,000 after purchasing an additional 691 shares during the last quarter. Finally, Motley Fool Asset Management LLC increased its position in Sherwin-Williams by 14.1% in the fourth quarter. Motley Fool Asset Management LLC now owns 13,740 shares of the specialty chemicals company's stock worth $4,671,000 after purchasing an additional 1,695 shares during the last quarter. Institutional investors own 77.67% of the company's stock.

Wall Street Analyst Weigh In

Several equities research analysts recently weighed in on SHW shares. UBS Group reduced their price target on shares of Sherwin-Williams from $410.00 to $395.00 and set a "buy" rating on the stock in a research report on Wednesday, July 23rd. Wells Fargo & Company reduced their price target on shares of Sherwin-Williams from $420.00 to $400.00 and set an "overweight" rating on the stock in a research 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. 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. Finally, BMO Capital Markets cut their price objective on shares of Sherwin-Williams from $405.00 to $391.00 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 assigned a hold rating, ten have assigned a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat.com, Sherwin-Williams presently has a consensus rating of "Moderate Buy" and a consensus price target of $383.33.

Sherwin-Williams Stock Down 0.3%

Shares of SHW opened at $330.82 on Friday. The firm has a market capitalization of $82.48 billion, a P/E ratio of 32.82, a P/E/G ratio of 3.14 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 current ratio of 0.78, a quick ratio of 0.48 and a debt-to-equity ratio of 1.78. The firm has a fifty day moving average price of $346.33 and a 200-day moving average price of $348.07.

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

Sherwin-Williams Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, September 5th. Investors of record on Friday, August 15th will be paid a $0.79 dividend. 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 1.0%. Sherwin-Williams's dividend payout ratio is 31.35%.

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.

Want to see what other hedge funds are holding SHW? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for The Sherwin-Williams Company (NYSE:SHW - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.