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

Key Points

• Blair William & Co. IL reduced its holdings in The Sherwin-Williams Company by 3.7%, now owning 41,087 shares valued at approximately $14.35 million as of the latest SEC filing.
• Several analysts have cut their price targets for Sherwin-Williams, with current averages ranging from $375.00 to $400.00, while maintaining various ratings including "buy" and "overweight."
• Sherwin-Williams announced a quarterly dividend of $0.79 per share, with an annualized dividend yield of 0.9% set to be paid on September 5th.

Blair William & Co. IL lowered its stake in The Sherwin-Williams Company (NYSE:SHW - Free Report) by 3.7% during the first quarter, according to the company in its most recent filing with the SEC. The fund 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 as of its most recent filing with the SEC.

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

Analyst Upgrades and Downgrades

SHW has been the subject of several research analyst reports. JPMorgan Chase & Co. lowered 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 report on Wednesday, July 23rd. Bank of America raised their price objective on Sherwin-Williams from $289.00 to $296.00 and gave the company an "underperform" rating in a research note on Monday, June 23rd. Morgan Stanley lowered their target price on Sherwin-Williams from $405.00 to $385.00 and set an "overweight" rating for the company in a research note on Tuesday, April 22nd. Mizuho reduced their price target on shares of Sherwin-Williams from $400.00 to $385.00 and set an "outperform" rating on the stock in a research note on Wednesday, July 23rd. Finally, Wells Fargo & Company lowered their price objective on shares of Sherwin-Williams from $420.00 to $400.00 and set an "overweight" rating for the company in a research report on Wednesday, July 23rd. One equities research analyst has rated the stock with a sell rating, six have given a hold rating, ten have given a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, Sherwin-Williams currently has a consensus rating of "Moderate Buy" and a consensus target price of $383.33.

Sherwin-Williams Stock Up 0.7%

SHW traded up $2.54 during midday trading on Friday, reaching $352.47. 539,257 shares of the company were exchanged, compared to its average volume of 1,767,134. The Sherwin-Williams Company has a one year low of $308.84 and a one year high of $400.42. 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's fifty day moving average price is $345.71 and its 200 day moving average price is $348.03. The company has a market cap of $87.88 billion, a price-to-earnings ratio of 34.98, a price-to-earnings-growth ratio of 3.32 and a beta of 1.16.

Sherwin-Williams (NYSE:SHW - Get Free Report) last released 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 net margin of 11.03% and a return on equity of 66.91%. The company had revenue of $6.31 billion during the quarter, compared to analysts' expectations of $6.31 billion. During the same period in the previous year, the company posted $3.70 earnings per share. The company's quarterly revenue was up .6% compared to the same quarter last year. As a group, analysts expect that The Sherwin-Williams Company will post 12 EPS for the current year.

Sherwin-Williams Announces Dividend

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

Insider Activity

In other Sherwin-Williams news, CAO James P. Lang sold 860 shares of the business's stock in a transaction on Wednesday, August 6th. The stock was sold at an average price of $350.35, for a total value of $301,301.00. Following the transaction, the chief accounting officer owned 377 shares of the company's stock, valued at approximately $132,081.95. The trade was a 69.52% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 0.60% of the stock is currently owned by corporate insiders.

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.