Canoe Financial LP Boosts Stake in The Sherwin-Williams Company (NYSE:SHW)

Canoe Financial LP raised its position in shares of The Sherwin-Williams Company (NYSE:SHW - Free Report) by 4.2% in the first quarter, according to its most recent filing with the SEC. The firm owned 354,107 shares of the specialty chemicals company's stock after purchasing an additional 14,400 shares during the quarter. Sherwin-Williams makes up approximately 2.0% of Canoe Financial LP's investment portfolio, making the stock its 23rd largest holding. Canoe Financial LP owned approximately 0.14% of Sherwin-Williams worth $123,651,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in SHW. Voleon Capital Management LP bought a new position in shares of Sherwin-Williams in the 4th quarter worth about $2,011,000. Wealthcare Advisory Partners LLC increased its holdings in Sherwin-Williams by 18.4% in the first quarter. Wealthcare Advisory Partners LLC now owns 882 shares of the specialty chemicals company's stock worth $308,000 after purchasing an additional 137 shares in the last quarter. Kingswood Wealth Advisors LLC increased its holdings in Sherwin-Williams by 25.0% in the first quarter. Kingswood Wealth Advisors LLC now owns 1,006 shares of the specialty chemicals company's stock worth $352,000 after purchasing an additional 201 shares in the last quarter. Horizon Investments LLC lifted its stake in Sherwin-Williams by 2.7% in the fourth quarter. Horizon Investments LLC now owns 6,031 shares of the specialty chemicals company's stock valued at $2,050,000 after buying an additional 161 shares during the period. Finally, Clark Capital Management Group Inc. boosted its holdings in shares of Sherwin-Williams by 4.3% during the 4th quarter. Clark Capital Management Group Inc. now owns 1,494 shares of the specialty chemicals company's stock worth $508,000 after buying an additional 61 shares in the last quarter. Institutional investors and hedge funds own 77.67% of the company's stock.

Analyst Upgrades and Downgrades

Several research firms have recently weighed in on SHW. Mizuho set a $395.00 price objective on shares of Sherwin-Williams in a research note on Tuesday, April 15th. Citigroup cut shares of Sherwin-Williams from a "buy" rating to a "neutral" rating and reduced their price target for the stock from $405.00 to $385.00 in a report on Friday, June 13th. 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 research note on Thursday, May 1st. Morgan Stanley dropped their price objective on shares of Sherwin-Williams from $405.00 to $385.00 and set an "overweight" rating on the stock in a report on Tuesday, April 22nd. Finally, UBS Group reduced their target price on Sherwin-Williams from $430.00 to $400.00 and set a "buy" rating for the company in a research note on Monday, April 7th. Six research analysts have rated the stock with a hold rating, ten have assigned a buy rating and two have assigned a strong buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and an average price target of $397.67.

Sherwin-Williams Stock Up 0.4%

SHW stock traded up $1.42 during mid-day trading on Friday, reaching $332.89. 2,702,942 shares of the company traded hands, compared to its average volume of 1,725,360. The company has a quick ratio of 0.45, a current ratio of 0.77 and a debt-to-equity ratio of 1.90. The firm's 50 day moving average price is $348.31 and its 200 day moving average price is $349.46. The stock has a market cap of $83.42 billion, a price-to-earnings ratio of 31.46, a P/E/G ratio of 3.03 and a beta of 1.21. The Sherwin-Williams Company has a fifty-two week low of $292.27 and a fifty-two week high of $400.42.

Sherwin-Williams (NYSE:SHW - Get Free Report) last posted its earnings results on Tuesday, April 29th. The specialty chemicals company reported $2.25 earnings per share for the quarter, beating analysts' consensus estimates of $2.23 by $0.02. Sherwin-Williams had a return on equity of 71.86% and a net margin of 11.63%. The company had revenue of $5.31 billion for the quarter, compared to analyst estimates of $5.42 billion. During the same quarter last year, the company earned $2.17 earnings per share. The company's revenue for the quarter was down 1.1% on a year-over-year basis. As a group, equities research analysts predict that The Sherwin-Williams Company will post 12 EPS for the current fiscal year.

Sherwin-Williams Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, June 6th. Shareholders of record on Friday, May 16th were issued a dividend of $0.79 per share. This represents a $3.16 dividend on an annualized basis and a yield of 0.95%. The ex-dividend date of this dividend was Friday, May 16th. Sherwin-Williams's dividend payout ratio is 29.87%.

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.