Copeland Capital Management LLC Decreases Stock Position in The Sherwin-Williams Company (NYSE:SHW)

Copeland Capital Management LLC lessened its position in shares of The Sherwin-Williams Company (NYSE:SHW - Free Report) by 2.1% in the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 41,222 shares of the specialty chemicals company's stock after selling 887 shares during the quarter. Copeland Capital Management LLC's holdings in Sherwin-Williams were worth $14,394,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Perkins Coie Trust Co acquired a new position in shares of Sherwin-Williams during the 1st quarter worth $27,000. Park Square Financial Group LLC acquired a new position in shares of Sherwin-Williams during the 4th quarter worth $27,000. Lee Danner & Bass Inc. acquired a new position in shares of Sherwin-Williams during the 4th quarter worth $28,000. WR Wealth Planners LLC raised its stake in shares of Sherwin-Williams by 41.7% during the 4th quarter. WR Wealth Planners LLC now owns 119 shares of the specialty chemicals company's stock worth $40,000 after buying an additional 35 shares during the last quarter. Finally, HWG Holdings LP acquired a new position in shares of Sherwin-Williams during the 1st quarter worth $46,000. Institutional investors and hedge funds own 77.67% of the company's stock.

Analyst Ratings Changes

SHW has been the subject of several analyst reports. Barclays cut their target price on shares of 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 downgraded shares of Sherwin-Williams from a "buy" rating to a "neutral" rating and cut their target price for the company from $405.00 to $385.00 in a research note on Friday, June 13th. Royal Bank Of Canada boosted their target price 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. Mizuho set a $395.00 target price on shares of Sherwin-Williams in a research note on Tuesday, April 15th. Finally, Jefferies Financial Group reaffirmed a "hold" rating and set a $380.00 price objective (down previously from $423.00) on shares of Sherwin-Williams in a research note on Monday, March 10th. One research analyst has rated the stock with a sell rating, six have assigned a hold rating, ten have given a buy rating and two have given a strong buy rating to the company. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus price target of $391.31.

Sherwin-Williams Trading Up 1.2%

Shares of NYSE:SHW traded up $4.16 during trading on Friday, reaching $346.03. 1,366,828 shares of the stock were exchanged, compared to its average volume of 1,717,546. The company has a debt-to-equity ratio of 1.90, a quick ratio of 0.45 and a current ratio of 0.77. The Sherwin-Williams Company has a 12-month low of $292.33 and a 12-month high of $400.42. The firm has a market cap of $86.72 billion, a price-to-earnings ratio of 32.71, a price-to-earnings-growth ratio of 3.11 and a beta of 1.21. The firm's 50-day moving average price is $349.22 and its 200 day moving average price is $348.29.

Sherwin-Williams (NYSE:SHW - Get Free Report) last issued its earnings results 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 during 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 company's revenue for the quarter was down 1.1% on a year-over-year basis. During the same quarter in the previous year, the business earned $2.17 EPS. 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 business also recently declared a quarterly dividend, which was paid on Friday, June 6th. Shareholders of record on Friday, May 16th were issued a $0.79 dividend. This represents a $3.16 dividend on an annualized basis and a yield of 0.91%. The ex-dividend date was Friday, May 16th. Sherwin-Williams's dividend payout ratio is presently 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.