Burney Co. Sells 1,003 Shares of The Sherwin-Williams Company (NYSE:SHW)

Burney Co. lessened its holdings in The Sherwin-Williams Company (NYSE:SHW - Free Report) by 5.8% in the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 16,269 shares of the specialty chemicals company's stock after selling 1,003 shares during the quarter. Burney Co.'s holdings in Sherwin-Williams were worth $5,681,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also made changes to their positions in the company. Norges Bank bought a new stake in Sherwin-Williams during the 4th quarter worth about $1,359,747,000. GAMMA Investing LLC boosted its stake in Sherwin-Williams by 41,717.1% in the first quarter. GAMMA Investing LLC now owns 1,636,304 shares of the specialty chemicals company's stock valued at $571,381,000 after acquiring an additional 1,632,391 shares during the last quarter. Capital Research Global Investors increased its holdings in shares of Sherwin-Williams by 47.1% in the 4th quarter. Capital Research Global Investors now owns 2,998,647 shares of the specialty chemicals company's stock worth $1,019,329,000 after buying an additional 960,724 shares during the last quarter. Barclays PLC boosted its position in Sherwin-Williams by 54.2% during the 4th quarter. Barclays PLC now owns 2,073,533 shares of the specialty chemicals company's stock valued at $704,855,000 after buying an additional 728,798 shares during the period. Finally, Northern Trust Corp lifted its position in Sherwin-Williams by 28.0% during the 4th quarter. Northern Trust Corp now owns 2,725,827 shares of the specialty chemicals company's stock valued at $926,590,000 after acquiring an additional 595,586 shares during the period. 77.67% of the stock is currently owned by hedge funds and other institutional investors.

Sherwin-Williams Price Performance

SHW opened at $341.05 on Wednesday. The company has a fifty day simple moving average of $349.79 and a 200 day simple moving average of $348.09. The company has a current ratio of 0.77, a quick ratio of 0.45 and a debt-to-equity ratio of 1.90. The Sherwin-Williams Company has a twelve month low of $308.84 and a twelve month high of $400.42. The firm has a market cap of $85.47 billion, a price-to-earnings ratio of 32.24, a PEG ratio of 3.07 and a beta of 1.18.

Sherwin-Williams (NYSE:SHW - Get Free Report) last posted its quarterly earnings results on Tuesday, July 22nd. The specialty chemicals company reported $3.38 EPS for the quarter, missing the consensus estimate of $3.75 by ($0.37). Sherwin-Williams had a return on equity of 71.86% and a net margin of 11.63%. The company had revenue of $6.31 billion for the quarter, compared to analyst estimates of $6.31 billion. During the same quarter in the prior year, the business posted $3.70 earnings per share. The business's revenue for the quarter was up .6% compared to the same quarter last year. Equities research analysts expect that The Sherwin-Williams Company will post 12 EPS for the current fiscal year.

Sherwin-Williams Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, September 5th. Shareholders of record on Friday, August 15th will be paid a $0.79 dividend. The ex-dividend date of this dividend is Friday, August 15th. This represents a $3.16 dividend on an annualized basis and a yield of 0.93%. Sherwin-Williams's dividend payout ratio (DPR) is currently 29.87%.

Analyst Upgrades and Downgrades

A number of research analysts have recently issued reports on the company. Royal Bank Of Canada increased their target price on Sherwin-Williams from $410.00 to $420.00 and gave the company an "outperform" rating in a research report on Thursday, May 1st. UBS Group increased their target price on Sherwin-Williams from $398.00 to $410.00 and gave the stock a "buy" rating in a research report on Wednesday, July 9th. Wells Fargo & Company upgraded 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 note on Wednesday, April 30th. Mizuho set a $395.00 price target on Sherwin-Williams in a research report on Tuesday, April 15th. Finally, Morgan Stanley reduced their price target on Sherwin-Williams from $405.00 to $385.00 and set an "overweight" rating for the company in a research report on Tuesday, April 22nd. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating, ten have assigned a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $391.94.

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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