Border to Coast Pensions Partnership Ltd Purchases 13,357 Shares of The Sherwin-Williams Company (NYSE:SHW)

Border to Coast Pensions Partnership Ltd raised its position in shares of The Sherwin-Williams Company (NYSE:SHW - Free Report) by 10.8% in the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 137,051 shares of the specialty chemicals company's stock after purchasing an additional 13,357 shares during the quarter. Border to Coast Pensions Partnership Ltd owned 0.05% of Sherwin-Williams worth $47,857,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently made changes to their positions in SHW. Park Square Financial Group LLC bought a new position in Sherwin-Williams in the fourth quarter worth approximately $27,000. Perkins Coie Trust Co purchased a new stake in shares of Sherwin-Williams in the 1st quarter worth $27,000. Lee Danner & Bass Inc. bought a new position in Sherwin-Williams in the 4th quarter worth $28,000. WR Wealth Planners LLC lifted its position in Sherwin-Williams by 41.7% during the fourth quarter. WR Wealth Planners LLC now owns 119 shares of the specialty chemicals company's stock valued at $40,000 after purchasing an additional 35 shares in the last quarter. Finally, HWG Holdings LP bought a new stake in Sherwin-Williams during the first quarter valued at about $46,000. Hedge funds and other institutional investors own 77.67% of the company's stock.

Sherwin-Williams Trading Down 0.4%

Shares of SHW stock opened at $342.15 on Friday. The company has a market cap of $85.74 billion, a PE ratio of 32.34, a price-to-earnings-growth ratio of 3.09 and a beta of 1.21. The company has a debt-to-equity ratio of 1.90, a current ratio of 0.77 and a quick ratio of 0.45. The stock's 50 day simple moving average is $348.96 and its two-hundred day simple moving average is $348.63. The Sherwin-Williams Company has a 1 year low of $292.33 and a 1 year high of $400.42.

Sherwin-Williams (NYSE:SHW - Get Free Report) last announced its 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. The business had revenue of $5.31 billion for the quarter, compared to the consensus estimate of $5.42 billion. Sherwin-Williams had a net margin of 11.63% and a return on equity of 71.86%. The business's revenue for the quarter was down 1.1% on a year-over-year basis. During the same quarter in the prior year, the firm posted $2.17 earnings per share. Research analysts predict that The Sherwin-Williams Company will post 12 earnings per share for the current year.

Sherwin-Williams Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, June 6th. Stockholders of record on Friday, May 16th were issued a $0.79 dividend. The ex-dividend date was Friday, May 16th. This represents a $3.16 annualized dividend and a dividend yield of 0.92%. Sherwin-Williams's payout ratio is 29.87%.

Analyst Upgrades and Downgrades

A number of research firms have recently weighed in on SHW. Bank of America lifted their price objective on Sherwin-Williams from $289.00 to $296.00 and gave the company an "underperform" rating in a research report on Monday. Royal Bank Of Canada lifted their price target on shares of Sherwin-Williams from $410.00 to $420.00 and gave the company an "outperform" rating in a report on Thursday, May 1st. Citigroup downgraded shares of Sherwin-Williams from a "buy" rating to a "neutral" rating and decreased their price objective for the company from $405.00 to $385.00 in a research report on Friday, June 13th. Mizuho set a $395.00 target price on shares of Sherwin-Williams in a report on Tuesday, April 15th. Finally, UBS Group lowered their price objective on Sherwin-Williams from $430.00 to $400.00 and set a "buy" rating on the stock in a research report on Monday, April 7th. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating, ten have assigned a buy rating and two have given a strong buy rating to the company's stock. According to data from MarketBeat, the stock has an average rating of "Moderate Buy" and an average target price of $391.31.

Sherwin-Williams Company 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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