Choreo LLC Trims Stock Holdings in The Sherwin-Williams Company (NYSE:SHW)

Choreo LLC cut its stake in shares of The Sherwin-Williams Company (NYSE:SHW - Free Report) by 11.8% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 10,491 shares of the specialty chemicals company's stock after selling 1,408 shares during the quarter. Choreo LLC's holdings in Sherwin-Williams were worth $3,663,000 as of its most recent SEC filing.

A number of other institutional investors have also recently added to or reduced their stakes in SHW. Park Square Financial Group LLC purchased a new stake in shares of Sherwin-Williams in the fourth quarter valued at $27,000. Perkins Coie Trust Co acquired a new stake in shares of Sherwin-Williams during the first quarter worth approximately $27,000. Synergy Investment Management LLC increased its holdings in shares of Sherwin-Williams by 583.3% in the first 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 in the last quarter. Barnes Dennig Private Wealth Management LLC acquired a new stake in Sherwin-Williams during the 1st quarter worth $30,000. Finally, HWG Holdings LP acquired a new position in shares of Sherwin-Williams in the 1st quarter valued at $46,000. 77.67% of the stock is currently owned by institutional investors and hedge funds.

Sherwin-Williams Trading Down 0.1%

Shares of SHW traded down $0.34 during trading hours on Friday, hitting $339.87. 1,867,755 shares of the stock were exchanged, compared to its average volume of 1,760,740. The company has a debt-to-equity ratio of 1.78, a current ratio of 0.78 and a quick ratio of 0.45. The firm has a market capitalization of $85.17 billion, a P/E ratio of 33.72, a price-to-earnings-growth ratio of 3.25 and a beta of 1.18. The business has a 50-day moving average of $348.62 and a 200-day moving average of $348.06. The Sherwin-Williams Company has a fifty-two week low of $308.84 and a fifty-two week high of $400.42.

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 analysts' consensus estimates of $3.76 by ($0.38). The company had revenue of $6.31 billion during the quarter, compared to analyst estimates of $6.31 billion. Sherwin-Williams had a return on equity of 66.91% and a net margin of 11.03%. The company's revenue for the quarter was up .6% compared to the same quarter last year. During the same quarter in the previous year, the business posted $3.70 earnings per share. On average, research analysts expect that The Sherwin-Williams Company will post 12 EPS for the current year.

Sherwin-Williams Dividend Announcement

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 issued a $0.79 dividend. This represents a $3.16 dividend on an annualized basis and a yield of 0.93%. The ex-dividend date of this dividend is Friday, August 15th. Sherwin-Williams's payout ratio is 31.35%.

Analysts Set New Price Targets

Several equities research analysts have commented on SHW shares. Wells Fargo & Company cut their price target on shares of Sherwin-Williams from $420.00 to $400.00 and set an "overweight" rating on the stock in a research report on Wednesday. Loop Capital lowered their price objective on shares of Sherwin-Williams from $395.00 to $380.00 and set a "buy" rating on the stock in a research note on Wednesday. JPMorgan Chase & Co. lowered their price objective on shares of Sherwin-Williams from $390.00 to $378.00 and set an "overweight" rating on the stock in a research note on Wednesday. Morgan Stanley cut their price target on shares of Sherwin-Williams from $405.00 to $385.00 and set an "overweight" rating for the company in a report on Tuesday, April 22nd. Finally, Royal Bank Of Canada increased their price objective 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. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating, ten have assigned a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average target price of $383.33.

About Sherwin-Williams

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.