Clarendon Private LLC Acquires New Stake in The Sherwin-Williams Company (NYSE:SHW)

Key Points

• Clarendon Private LLC has acquired 780 shares of The Sherwin-Williams Company, valued at approximately $272,000, indicating increased institutional interest in the stock.
• Analysts have reduced their target prices for Sherwin-Williams, with estimates ranging from $378.00 to $395.00, while maintaining various ratings, including "buy" and "overweight."
• Sherwin-Williams announced a quarterly dividend of $0.79 per share, reflecting an annual yield of 0.94%, with the ex-dividend date set for August 15th.

Clarendon Private LLC purchased a new stake in The Sherwin-Williams Company (NYSE:SHW - Free Report) in the first quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 780 shares of the specialty chemicals company's stock, valued at approximately $272,000.

Other large investors also recently modified their holdings of the company. GAMMA Investing LLC increased its holdings 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 purchasing an additional 1,632,391 shares during the period. Capital Research Global Investors increased its holdings in Sherwin-Williams by 47.1% in the fourth quarter. Capital Research Global Investors now owns 2,998,647 shares of the specialty chemicals company's stock valued at $1,019,329,000 after purchasing an additional 960,724 shares during the period. Barclays PLC increased its holdings in Sherwin-Williams by 54.2% in the fourth quarter. Barclays PLC now owns 2,073,533 shares of the specialty chemicals company's stock valued at $704,855,000 after purchasing an additional 728,798 shares during the period. Northern Trust Corp grew its holdings 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 worth $926,590,000 after acquiring an additional 595,586 shares during the period. Finally, Universal Beteiligungs und Servicegesellschaft mbH bought a new position in shares of Sherwin-Williams in the 4th quarter worth about $103,359,000. 77.67% of the stock is currently owned by institutional investors.

Sherwin-Williams Stock Performance

Shares of NYSE SHW traded up $12.91 during midday trading on Friday, reaching $343.79. The company's stock had a trading volume of 2,377,556 shares, compared to its average volume of 1,762,418. The Sherwin-Williams Company has a 12-month low of $308.84 and a 12-month high of $400.42. The firm has a 50 day moving average price of $346.33 and a 200-day moving average price of $348.07. The stock has a market capitalization of $85.72 billion, a P/E ratio of 34.11, a PEG ratio of 3.14 and a beta of 1.18. The company has a debt-to-equity ratio of 1.78, a current ratio of 0.78 and a quick ratio of 0.48.

Sherwin-Williams (NYSE:SHW - Get Free Report) last released its earnings results on Tuesday, July 22nd. The specialty chemicals company reported $3.38 earnings per share 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 company had revenue of $6.31 billion during the quarter, compared to analysts' expectations of $6.31 billion. During the same quarter in the previous year, the firm earned $3.70 earnings per share. The firm's revenue was up .6% compared to the same quarter last year. As a group, equities analysts predict that The Sherwin-Williams Company will post 12 earnings per share for the current year.

Sherwin-Williams Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, September 5th. Investors of record on Friday, August 15th will be paid a $0.79 dividend. The ex-dividend date is Friday, August 15th. This represents a $3.16 annualized dividend and a yield of 0.9%. Sherwin-Williams's dividend payout ratio is presently 31.35%.

Analyst Upgrades and Downgrades

Several research firms have recently weighed in on SHW. Mizuho lowered their price objective on Sherwin-Williams from $400.00 to $385.00 and set an "outperform" rating for the company in a research report on Wednesday, July 23rd. BMO Capital Markets lowered their price objective on Sherwin-Williams from $405.00 to $391.00 and set an "outperform" rating for the company in a research report on Wednesday, July 23rd. Morgan Stanley lowered their price objective 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. Bank of America lifted their price objective on Sherwin-Williams from $289.00 to $296.00 and gave the stock an "underperform" rating in a research report on Monday, June 23rd. Finally, JPMorgan Chase & Co. lowered their price objective on Sherwin-Williams from $390.00 to $378.00 and set an "overweight" rating for the company in a research report on Wednesday, July 23rd. One analyst has rated the stock with a sell rating, six have issued a hold rating, ten have assigned a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $383.33.

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.