Clio Asset Management LLC Trims Position in The Sherwin-Williams Company (NYSE:SHW)

Clio Asset Management LLC reduced its holdings in The Sherwin-Williams Company (NYSE:SHW - Free Report) by 49.4% in the first quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 17,731 shares of the specialty chemicals company's stock after selling 17,322 shares during the quarter. Sherwin-Williams comprises 4.9% of Clio Asset Management LLC's holdings, making the stock its 10th largest holding. Clio Asset Management LLC's holdings in Sherwin-Williams were worth $6,191,000 as of its most recent SEC filing.

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

Wall Street Analysts Forecast Growth

SHW has been the subject of several recent research reports. Wells Fargo & Company upgraded Sherwin-Williams from an "equal weight" rating to an "overweight" rating and boosted their price objective for the company from $350.00 to $420.00 in a report on Wednesday, April 30th. Royal Bank Of Canada lifted 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. Mizuho set a $395.00 target price on Sherwin-Williams in a research report on Tuesday, April 15th. Barclays cut their target price on Sherwin-Williams from $385.00 to $355.00 and set an "equal weight" rating on the stock in a research report on Tuesday, April 1st. Finally, Jefferies Financial Group reaffirmed 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. Six investment analysts have rated the stock with a hold rating, ten have assigned a buy rating and two have issued a strong buy rating to the company. According to MarketBeat, the company has an average rating of "Moderate Buy" and a consensus target price of $397.67.

Sherwin-Williams Stock Performance

Shares of NYSE SHW traded up $1.42 during trading on Friday, reaching $332.89. 2,702,942 shares of the stock traded hands, compared to its average volume of 1,725,360. The Sherwin-Williams Company has a 52-week low of $292.27 and a 52-week high of $400.42. The company has a debt-to-equity ratio of 1.90, a current ratio of 0.77 and a quick ratio of 0.45. The company has a 50-day moving average of $348.31 and a 200-day moving average of $349.46. The stock has a market capitalization of $83.42 billion, a P/E ratio of 31.46, a price-to-earnings-growth ratio of 3.03 and a beta of 1.21.

Sherwin-Williams (NYSE:SHW - Get Free Report) last issued its quarterly earnings data on Tuesday, April 29th. The specialty chemicals company reported $2.25 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $2.23 by $0.02. The business had revenue of $5.31 billion for the quarter, compared to analysts' expectations of $5.42 billion. Sherwin-Williams had a return on equity of 71.86% and a net margin of 11.63%. The firm's quarterly revenue was down 1.1% on a year-over-year basis. During the same quarter in the prior year, the firm posted $2.17 EPS. Analysts forecast that The Sherwin-Williams Company will post 12 EPS for the current fiscal year.

Sherwin-Williams Dividend Announcement

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