Barings LLC Has $5.66 Million Holdings in The Sherwin-Williams Company (NYSE:SHW)

Key Points

• Barings LLC reduced its stake in The Sherwin-Williams Company by 17.3% during the first quarter, owning 16,200 shares worth approximately $5.7 million after selling 3,399 shares.
• Sherwin-Williams recently reported earnings per share of $3.38, missing the consensus estimate by $0.38, with revenue of $6.31 billion matching expectations.
• The company declared a quarterly dividend of $0.79 per share, with an annualized yield of 0.9% and a payout ratio of 31.35%.

Barings LLC lessened its holdings in The Sherwin-Williams Company (NYSE:SHW - Free Report) by 17.3% during the 1st quarter, according to its most recent Form 13F filing with the SEC. The fund owned 16,200 shares of the specialty chemicals company's stock after selling 3,399 shares during the period. Barings LLC's holdings in Sherwin-Williams were worth $5,657,000 at the end of the most recent quarter.

Several other large investors also recently bought and sold shares of the business. Park Square Financial Group LLC bought a new position in shares of Sherwin-Williams in the fourth quarter worth about $27,000. Perkins Coie Trust Co purchased a new stake in shares of Sherwin-Williams during the first quarter valued at about $27,000. Synergy Investment Management LLC raised its position in shares of Sherwin-Williams by 583.3% in the 1st quarter. Synergy Investment Management LLC now owns 82 shares of the specialty chemicals company's stock valued at $29,000 after purchasing an additional 70 shares during the last quarter. Barnes Dennig Private Wealth Management LLC purchased a new position in shares of Sherwin-Williams in the 1st quarter valued at approximately $30,000. Finally, HWG Holdings LP acquired a new position in Sherwin-Williams in the 1st quarter worth approximately $46,000. Institutional investors own 77.67% of the company's stock.

Sherwin-Williams Trading Up 4.0%

SHW stock traded up $13.16 during midday trading on Friday, hitting $344.04. 4,073,916 shares of the company's stock were exchanged, compared to its average volume of 1,916,019. The stock's fifty day moving average price is $346.15 and its 200-day moving average price is $348.05. The company has a debt-to-equity ratio of 1.78, a quick ratio of 0.48 and a current ratio of 0.78. The company has a market cap of $85.78 billion, a PE ratio of 34.13, a price-to-earnings-growth ratio of 3.25 and a beta of 1.16. The Sherwin-Williams Company has a one year low of $308.84 and a one year high of $400.42.

Sherwin-Williams (NYSE:SHW - Get Free Report) last posted its quarterly earnings results on Tuesday, July 22nd. The specialty chemicals company reported $3.38 EPS 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 for the quarter, compared to the consensus estimate of $6.31 billion. During the same quarter in the previous year, the business posted $3.70 EPS. The company's revenue for the quarter was up .6% on a year-over-year basis. Research analysts predict that The Sherwin-Williams Company will post 12 earnings per share for the current fiscal year.

Sherwin-Williams Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, September 5th. Investors of record on Friday, August 15th will be issued a $0.79 dividend. This represents a $3.16 dividend on an annualized basis and a yield of 0.9%. The ex-dividend date is Friday, August 15th. Sherwin-Williams's dividend payout ratio is presently 31.35%.

Analyst Ratings Changes

A number of brokerages have recently issued reports on SHW. UBS Group decreased their target price on Sherwin-Williams from $410.00 to $395.00 and set a "buy" rating on the stock in a research report on Wednesday, July 23rd. BMO Capital Markets decreased their target price on Sherwin-Williams from $405.00 to $391.00 and set an "outperform" rating on the stock in a research report on Wednesday, July 23rd. Royal Bank Of Canada increased their target price on Sherwin-Williams from $410.00 to $420.00 and gave the company an "outperform" rating in a research report on Thursday, May 1st. Morgan Stanley decreased their price objective on Sherwin-Williams from $405.00 to $385.00 and set an "overweight" rating on the stock in a report on Tuesday, April 22nd. Finally, Citigroup decreased their price objective on Sherwin-Williams from $385.00 to $375.00 and set a "neutral" rating on the stock in a report on Wednesday, July 23rd. One investment analyst has rated the stock with a sell rating, six have issued 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, Sherwin-Williams currently has an average rating of "Moderate Buy" and a consensus target price of $383.33.

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.