Bristol Gate Capital Partners Inc. raised its position in shares of The Sherwin-Williams Company (NYSE:SHW - Free Report) by 0.5% in the first quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 288,082 shares of the specialty chemicals company's stock after purchasing an additional 1,392 shares during the quarter. Sherwin-Williams accounts for about 4.9% of Bristol Gate Capital Partners Inc.'s investment portfolio, making the stock its 7th biggest holding. Bristol Gate Capital Partners Inc. owned 0.11% of Sherwin-Williams worth $100,596,000 at the end of the most recent reporting period.
Other large investors have also bought and sold shares of the company. Park Square Financial Group LLC bought a new stake in Sherwin-Williams in the 4th quarter worth approximately $27,000. Perkins Coie Trust Co purchased a new position in Sherwin-Williams in the first quarter worth about $27,000. Synergy Investment Management LLC increased its position in shares of Sherwin-Williams by 583.3% during 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 bought a new stake in Sherwin-Williams during the first quarter valued at approximately $30,000. Finally, HWG Holdings LP purchased a new stake in Sherwin-Williams during the first quarter valued at approximately $46,000. 77.67% of the stock is owned by hedge funds and other institutional investors.
Analysts Set New Price Targets
A number of equities research analysts have recently issued reports on SHW shares. UBS Group cut their price objective on shares of Sherwin-Williams from $410.00 to $395.00 and set a "buy" rating for the company in a research report on Wednesday, July 23rd. Royal Bank Of Canada upped their price target on Sherwin-Williams from $410.00 to $420.00 and gave the stock an "outperform" rating in a research report on Thursday, May 1st. Wells Fargo & Company lowered their price objective on Sherwin-Williams from $420.00 to $400.00 and set an "overweight" rating on the stock in a research report on Wednesday, July 23rd. Citigroup reduced their target price on shares of Sherwin-Williams from $385.00 to $375.00 and set a "neutral" rating for the company in a report on Wednesday, July 23rd. Finally, BMO Capital Markets decreased their target price on shares of Sherwin-Williams from $405.00 to $391.00 and set an "outperform" rating on the stock in a research note on Wednesday, July 23rd. One investment 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 company's stock. According to MarketBeat.com, Sherwin-Williams has a consensus rating of "Moderate Buy" and an average target price of $383.33.
Read Our Latest Analysis on Sherwin-Williams
Sherwin-Williams Price Performance
NYSE:SHW traded up $13.16 during trading hours on Friday, reaching $344.04. The stock had a trading volume of 4,073,916 shares, compared to its average volume of 1,774,539. The company has a 50 day moving average price of $346.33 and a two-hundred day moving average price of $348.07. The Sherwin-Williams Company has a 52 week low of $308.84 and a 52 week 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 stock has a market capitalization of $85.78 billion, a PE ratio of 34.13, a PEG ratio of 3.14 and a beta of 1.18.
Sherwin-Williams (NYSE:SHW - Get Free Report) last released its quarterly 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). Sherwin-Williams had a net margin of 11.03% and a return on equity of 66.91%. The business had revenue of $6.31 billion for the quarter, compared to analysts' expectations of $6.31 billion. During the same period in the previous year, the company earned $3.70 EPS. Sherwin-Williams's revenue for the quarter was up .6% compared to the same quarter last year. As a group, sell-side analysts anticipate that The Sherwin-Williams Company will post 12 earnings per share for the current fiscal year.
Sherwin-Williams Dividend Announcement
The business also recently announced a quarterly dividend, which will be paid on Friday, September 5th. Stockholders of record on Friday, August 15th will be issued a $0.79 dividend. The ex-dividend date is Friday, August 15th. This represents a $3.16 dividend on an annualized basis and a dividend yield of 0.9%. Sherwin-Williams's payout ratio is 31.35%.
About Sherwin-Williams
(
Free Report)
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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