Blair William & Co. IL Lowers Position in The Sherwin-Williams Company (NYSE:SHW)

Blair William & Co. IL decreased its position in The Sherwin-Williams Company (NYSE:SHW - Free Report) by 3.7% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 41,087 shares of the specialty chemicals company's stock after selling 1,575 shares during the period. Blair William & Co. IL's holdings in Sherwin-Williams were worth $14,347,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also made changes to their positions in SHW. Brighton Jones LLC boosted its holdings in shares of Sherwin-Williams by 73.6% in the fourth quarter. Brighton Jones LLC now owns 1,545 shares of the specialty chemicals company's stock valued at $525,000 after acquiring an additional 655 shares in the last quarter. World Investment Advisors boosted its holdings in shares of Sherwin-Williams by 71.6% in the fourth quarter. World Investment Advisors now owns 1,656 shares of the specialty chemicals company's stock valued at $563,000 after acquiring an additional 691 shares in the last quarter. Wedbush Securities Inc. boosted its holdings in shares of Sherwin-Williams by 6.2% in the fourth quarter. Wedbush Securities Inc. now owns 3,602 shares of the specialty chemicals company's stock valued at $1,224,000 after acquiring an additional 210 shares in the last quarter. Peapack Gladstone Financial Corp boosted its holdings in shares of Sherwin-Williams by 2.3% in the fourth quarter. Peapack Gladstone Financial Corp now owns 5,577 shares of the specialty chemicals company's stock valued at $1,896,000 after acquiring an additional 127 shares in the last quarter. Finally, FMR LLC boosted its holdings in shares of Sherwin-Williams by 1.6% in the fourth quarter. FMR LLC now owns 6,588,755 shares of the specialty chemicals company's stock valued at $2,239,715,000 after acquiring an additional 106,093 shares in the last quarter. Hedge funds and other institutional investors own 77.67% of the company's stock.

Sherwin-Williams Stock Performance

Shares of SHW opened at $347.79 on Tuesday. 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 stock has a market cap of $86.71 billion, a P/E ratio of 34.50, a PEG ratio of 3.25 and a beta of 1.16. The company has a 50-day moving average of $346.05 and a two-hundred day moving average of $348.01. The Sherwin-Williams Company has a 12-month low of $308.84 and a 12-month high of $400.42.

Sherwin-Williams (NYSE:SHW - Get Free Report) last announced its earnings results on Tuesday, July 22nd. The specialty chemicals company reported $3.38 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $3.76 by ($0.38). The business had revenue of $6.31 billion for the quarter, compared to analyst estimates of $6.31 billion. Sherwin-Williams had a return on equity of 66.91% and a net margin of 11.03%. The business's revenue was up .6% on a year-over-year basis. During the same quarter in the previous year, the firm posted $3.70 EPS. As a group, research analysts predict that The Sherwin-Williams Company will post 12 EPS for the current fiscal year.

Sherwin-Williams Dividend Announcement

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

Analysts Set New Price Targets

Several analysts recently commented on SHW shares. BMO Capital Markets reduced their price objective on shares of Sherwin-Williams from $405.00 to $391.00 and set an "outperform" rating for the company in a research note on Wednesday, July 23rd. Morgan Stanley reduced their price objective on shares of Sherwin-Williams from $405.00 to $385.00 and set an "overweight" rating for the company in a research note on Tuesday, April 22nd. Loop Capital reduced their price objective on shares of Sherwin-Williams from $395.00 to $380.00 and set a "buy" rating for the company in a research note on Wednesday, July 23rd. Royal Bank Of Canada raised their price objective on shares of Sherwin-Williams from $410.00 to $420.00 and gave the company an "outperform" rating in a research note on Thursday, May 1st. Finally, JPMorgan Chase & Co. reduced their price objective on shares of Sherwin-Williams from $390.00 to $378.00 and set an "overweight" rating for the company in a research note on Wednesday, July 23rd. One analyst has rated the stock with a sell rating, six have given a hold rating, ten have assigned a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average price target of $383.33.

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.

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