Congress Asset Management Co. decreased its stake in The Sherwin-Williams Company (NYSE:SHW - Free Report) by 87.8% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 47,971 shares of the specialty chemicals company's stock after selling 345,139 shares during the quarter. Congress Asset Management Co.'s holdings in Sherwin-Williams were worth $16,751,000 as of its most recent SEC filing.
Other institutional investors have also recently made changes to their positions in the company. Brighton Jones LLC boosted its position in shares of Sherwin-Williams by 73.6% in the fourth quarter. Brighton Jones LLC now owns 1,545 shares of the specialty chemicals company's stock worth $525,000 after purchasing an additional 655 shares during the period. Strategic Financial Concepts LLC purchased a new position in shares of Sherwin-Williams during the 4th quarter valued at $169,000. Golden State Wealth Management LLC bought a new position in Sherwin-Williams in the 4th quarter worth $47,000. Appleton Partners Inc. MA increased its stake in Sherwin-Williams by 2.1% in the 4th quarter. Appleton Partners Inc. MA now owns 34,496 shares of the specialty chemicals company's stock worth $11,726,000 after buying an additional 705 shares in the last quarter. Finally, Joel Isaacson & Co. LLC bought a new stake in Sherwin-Williams during the fourth quarter valued at about $305,000. Institutional investors own 77.67% of the company's stock.
Sherwin-Williams Price Performance
Shares of NYSE SHW traded up $0.50 during mid-day trading on Monday, hitting $357.98. 849,224 shares of the company's stock traded hands, compared to its average volume of 1,725,251. The company has a market capitalization of $89.71 billion, a P/E ratio of 33.93, a PEG ratio of 2.98 and a beta of 1.21. The Sherwin-Williams Company has a 1 year low of $290.18 and a 1 year high of $400.42. 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 company's 50-day moving average is $346.06 and its two-hundred day moving average is $352.77.
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, beating analysts' consensus estimates of $2.23 by $0.02. The business had revenue of $5.31 billion for the quarter, compared to the consensus estimate of $5.42 billion. Sherwin-Williams had a return on equity of 74.50% and a net margin of 11.61%. The company's quarterly revenue was down 1.1% compared to the same quarter last year. During the same period in the prior year, the business posted $2.17 earnings per share. On average, equities analysts anticipate that The Sherwin-Williams Company will post 12 EPS for the current fiscal year.
Sherwin-Williams Dividend Announcement
The business also recently declared a quarterly dividend, which was paid on Friday, June 6th. Investors of record on Friday, May 16th were given a $0.79 dividend. The ex-dividend date was Friday, May 16th. This represents a $3.16 dividend on an annualized basis and a yield of 0.88%. Sherwin-Williams's dividend payout ratio is presently 29.87%.
Wall Street Analyst Weigh In
A number of equities analysts have recently weighed in on the company. UBS Group dropped their price objective 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. Barclays dropped their price target on Sherwin-Williams from $385.00 to $355.00 and set an "equal weight" rating for the company in a research note on Tuesday, April 1st. Citigroup reduced their price objective on shares of Sherwin-Williams from $423.00 to $375.00 and set a "buy" rating on the stock in a research report on Tuesday, April 8th. Morgan Stanley dropped their target price on shares of Sherwin-Williams from $405.00 to $385.00 and set an "overweight" rating for the company in a research report on Tuesday, April 22nd. Finally, Wells Fargo & Company upgraded shares of Sherwin-Williams from an "equal weight" rating to an "overweight" rating and lifted their price target for the company from $350.00 to $420.00 in a report on Wednesday, April 30th. Five investment analysts have rated the stock with a hold rating, eleven have given a buy rating and two have assigned a strong buy rating to the company. According to data from MarketBeat.com, Sherwin-Williams has an average rating of "Moderate Buy" and a consensus price target of $397.00.
Read Our Latest Stock Analysis on SHW
Sherwin-Williams Profile
(
Free Report)
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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