Central Bank & Trust Co. Has $3.93 Million Position in The Sherwin-Williams Company (NYSE:SHW)

Central Bank & Trust Co. lowered its holdings in The Sherwin-Williams Company (NYSE:SHW - Free Report) by 21.8% during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 11,255 shares of the specialty chemicals company's stock after selling 3,139 shares during the quarter. Central Bank & Trust Co.'s holdings in Sherwin-Williams were worth $3,930,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds also recently made changes to their positions in the company. Vanguard Group Inc. raised its position in shares of Sherwin-Williams by 0.6% during the fourth quarter. Vanguard Group Inc. now owns 21,836,648 shares of the specialty chemicals company's stock worth $7,422,932,000 after acquiring an additional 138,170 shares during the last quarter. FMR LLC raised its position in shares of Sherwin-Williams by 1.6% during the fourth quarter. FMR LLC now owns 6,588,755 shares of the specialty chemicals company's stock worth $2,239,715,000 after acquiring an additional 106,093 shares during the last quarter. Geode Capital Management LLC raised its position in shares of Sherwin-Williams by 2.0% during the fourth quarter. Geode Capital Management LLC now owns 4,829,702 shares of the specialty chemicals company's stock worth $1,636,679,000 after acquiring an additional 96,571 shares during the last quarter. Alliancebernstein L.P. raised its position in shares of Sherwin-Williams by 2.0% during the fourth quarter. Alliancebernstein L.P. now owns 4,316,000 shares of the specialty chemicals company's stock worth $1,467,138,000 after acquiring an additional 86,268 shares during the last quarter. Finally, Norges Bank bought a new stake in shares of Sherwin-Williams during the fourth quarter worth $1,359,747,000. Institutional investors own 77.67% of the company's stock.

Sherwin-Williams Stock Down 0.1%

SHW stock opened at $357.65 on Friday. The company has a debt-to-equity ratio of 2.02, a current ratio of 0.79 and a quick ratio of 0.46. The stock has a market capitalization of $89.63 billion, a P/E ratio of 33.90, a P/E/G ratio of 2.98 and a beta of 1.21. The business has a 50-day moving average of $346.06 and a 200-day moving average of $352.98. The Sherwin-Williams Company has a fifty-two week low of $290.18 and a fifty-two week high of $400.42.

Sherwin-Williams (NYSE:SHW - Get Free Report) last issued its quarterly earnings results on Tuesday, April 29th. The specialty chemicals company reported $2.25 EPS for the quarter, beating the consensus estimate of $2.23 by $0.02. Sherwin-Williams had a return on equity of 74.50% and a net margin of 11.61%. The firm had revenue of $5.31 billion during the quarter, compared to analysts' expectations of $5.42 billion. During the same period in the prior year, the firm posted $2.17 earnings per share. The business's quarterly revenue was down 1.1% compared to the same quarter last year. On average, 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 firm also recently disclosed a quarterly dividend, which was paid on Friday, June 6th. Shareholders of record on Friday, May 16th were paid a $0.79 dividend. The ex-dividend date was Friday, May 16th. This represents a $3.16 annualized dividend and a yield of 0.88%. Sherwin-Williams's dividend payout ratio is 29.87%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently weighed in on the company. Citigroup dropped their target price on Sherwin-Williams from $423.00 to $375.00 and set a "buy" rating for the company in a research report on Tuesday, April 8th. Jefferies Financial Group restated a "hold" rating and set a $380.00 target price (down previously from $423.00) on shares of Sherwin-Williams in a research report on Monday, March 10th. Royal Bank of Canada upped their price objective on Sherwin-Williams from $410.00 to $420.00 and gave the company an "outperform" rating in a report on Thursday, May 1st. Mizuho set a $395.00 price objective on Sherwin-Williams in a report on Tuesday, April 15th. Finally, Barclays dropped their price objective on Sherwin-Williams from $385.00 to $355.00 and set an "equal weight" rating for the company in a report on Tuesday, April 1st. Five analysts have rated the stock with a hold rating, eleven have assigned a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $397.00.

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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