Baxter Bros Inc. Has $7.63 Million Stock Position in The Sherwin-Williams Company (NYSE:SHW)

Baxter Bros Inc. trimmed its stake in The Sherwin-Williams Company (NYSE:SHW - Free Report) by 5.3% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 21,840 shares of the specialty chemicals company's stock after selling 1,230 shares during the period. Sherwin-Williams comprises about 1.0% of Baxter Bros Inc.'s investment portfolio, making the stock its 26th largest position. Baxter Bros Inc.'s holdings in Sherwin-Williams were worth $7,626,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also recently bought and sold shares of the company. Midwest Capital Advisors LLC acquired a new stake in Sherwin-Williams during the 4th quarter valued at $26,000. Park Square Financial Group LLC bought a new stake in shares of Sherwin-Williams during the fourth quarter worth $27,000. Lee Danner & Bass Inc. acquired a new stake in shares of Sherwin-Williams in the fourth quarter valued at $28,000. Sierra Ocean LLC acquired a new stake in shares of Sherwin-Williams in the fourth quarter valued at $36,000. Finally, WR Wealth Planners LLC raised its holdings in shares of Sherwin-Williams by 41.7% in the fourth quarter. WR Wealth Planners LLC now owns 119 shares of the specialty chemicals company's stock valued at $40,000 after buying an additional 35 shares during the last quarter. 77.67% of the stock is currently owned by institutional investors and hedge funds.

Sherwin-Williams Trading Down 1.2%

SHW stock traded down $4.48 during midday trading on Thursday, hitting $357.74. 1,413,204 shares of the company's stock were exchanged, compared to its average volume of 1,735,394. The stock's fifty day moving average price is $345.75 and its 200-day moving average price is $353.34. The Sherwin-Williams Company has a one year low of $282.09 and a one year high of $400.42. The company has a debt-to-equity ratio of 2.02, a quick ratio of 0.46 and a current ratio of 0.79. The company has a market cap of $89.65 billion, a PE ratio of 33.91, a price-to-earnings-growth ratio of 2.98 and a beta of 1.25.

Sherwin-Williams (NYSE:SHW - Get Free Report) last released its quarterly earnings results on Tuesday, April 29th. The specialty chemicals company reported $2.25 earnings per share for the quarter, beating the consensus estimate of $2.23 by $0.02. Sherwin-Williams had a net margin of 11.61% and a return on equity of 74.50%. The company had revenue of $5.31 billion during the quarter, compared to analysts' expectations of $5.42 billion. During the same quarter in the prior year, the company earned $2.17 earnings per share. The business's quarterly revenue was down 1.1% compared to the same quarter last year. Research analysts predict that The Sherwin-Williams Company will post 12 earnings per share for the current fiscal year.

Sherwin-Williams Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, June 6th. Shareholders of record on Friday, May 16th will be paid a $0.79 dividend. This represents a $3.16 annualized dividend and a yield of 0.88%. The ex-dividend date of this dividend is Friday, May 16th. Sherwin-Williams's payout ratio is 29.87%.

Analysts Set New Price Targets

SHW has been the subject of several research reports. Wells Fargo & Company upgraded shares of Sherwin-Williams from an "equal weight" rating to an "overweight" rating and raised their price objective for the company from $350.00 to $420.00 in a research report on Wednesday, April 30th. Mizuho set a $395.00 price objective on Sherwin-Williams in a research report on Tuesday, April 15th. Citigroup dropped their target price on Sherwin-Williams from $423.00 to $375.00 and set a "buy" rating for the company in a research report on Tuesday, April 8th. Jefferies Financial Group reiterated a "hold" rating and issued a $380.00 price target (down previously from $423.00) on shares of Sherwin-Williams in a report on Monday, March 10th. Finally, UBS Group lowered their price objective on Sherwin-Williams from $430.00 to $400.00 and set a "buy" rating for the company in a research report on Monday, April 7th. Five investment analysts have rated the stock with a hold rating, eleven have issued a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat.com, Sherwin-Williams has a consensus rating of "Moderate Buy" and a consensus price target of $397.00.

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.