Cullen Frost Bankers Inc. Lowers Stock Holdings in The Sherwin-Williams Company (NYSE:SHW)

Cullen Frost Bankers Inc. reduced its position in The Sherwin-Williams Company (NYSE:SHW - Free Report) by 6.8% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 81,616 shares of the specialty chemicals company's stock after selling 5,970 shares during the quarter. Cullen Frost Bankers Inc.'s holdings in Sherwin-Williams were worth $28,499,000 at the end of the most recent quarter.

Several other hedge funds also recently bought and sold shares of the company. Voleon Capital Management LP purchased a new stake in shares of Sherwin-Williams in the fourth quarter worth $2,011,000. Kingswood Wealth Advisors LLC raised its stake in Sherwin-Williams by 25.0% in the first quarter. Kingswood Wealth Advisors LLC now owns 1,006 shares of the specialty chemicals company's stock valued at $352,000 after purchasing an additional 201 shares in the last quarter. Sowell Financial Services LLC bought a new stake in Sherwin-Williams during the first quarter valued at approximately $306,000. Wealthcare Advisory Partners LLC grew its stake in Sherwin-Williams by 18.4% in the 1st quarter. Wealthcare Advisory Partners LLC now owns 882 shares of the specialty chemicals company's stock worth $308,000 after buying an additional 137 shares in the last quarter. Finally, Horizon Investments LLC increased its holdings in shares of Sherwin-Williams by 2.7% in the 4th quarter. Horizon Investments LLC now owns 6,031 shares of the specialty chemicals company's stock worth $2,050,000 after buying an additional 161 shares during the last quarter. Hedge funds and other institutional investors own 77.67% of the company's stock.

Wall Street Analyst Weigh In

A number of research firms recently commented on SHW. UBS Group increased their target price on Sherwin-Williams from $398.00 to $410.00 and gave the company a "buy" rating in a research note on Wednesday, July 9th. Morgan Stanley decreased their price objective on Sherwin-Williams from $405.00 to $385.00 and set an "overweight" rating on the stock in a report on Tuesday, April 22nd. Mizuho set a $395.00 target price on Sherwin-Williams in a research report on Tuesday, April 15th. Barclays decreased their price target on shares of Sherwin-Williams from $385.00 to $355.00 and set an "equal weight" rating on the stock in a research note on Tuesday, April 1st. Finally, Royal Bank Of Canada increased their target price on shares of Sherwin-Williams from $410.00 to $420.00 and gave the company an "outperform" rating in a report on Thursday, May 1st. One research analyst has rated the stock with a sell rating, six have assigned a hold rating, ten have assigned a buy rating and two have given a strong buy rating to the company's stock. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and an average price target of $391.94.

Sherwin-Williams Trading Down 0.0%

NYSE SHW traded down $0.14 during trading on Thursday, hitting $339.73. The company had a trading volume of 939,527 shares, compared to its average volume of 1,709,331. The company's fifty day moving average is $350.31 and its 200-day moving average is $347.92. The company has a market cap of $85.14 billion, a price-to-earnings ratio of 32.09, a price-to-earnings-growth ratio of 3.05 and a beta of 1.18. The company has a current ratio of 0.77, a quick ratio of 0.45 and a debt-to-equity ratio of 1.90. The Sherwin-Williams Company has a one year low of $308.84 and a one year high of $400.42.

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

Sherwin-Williams Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, September 5th. Shareholders of record on Friday, August 15th will be given a dividend of $0.79 per share. This represents a $3.16 annualized dividend and a yield of 0.93%. Sherwin-Williams's dividend payout ratio is currently 29.87%.

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.