Davis R M Inc. Trims Stock Position in The Sherwin-Williams Company (NYSE:SHW)

Key Points

• Davis R M Inc. reduced its stake in The Sherwin-Williams Company by 4.7% during the first quarter, holding a total of 67,324 shares worth approximately $23.5 million.
• Several analysts have adjusted their price ratings for Sherwin-Williams, with targets ranging from $296 to $420, while the consensus rating remains a "Moderate Buy" with an average price target of $383.33.
• Sherwin-Williams announced a quarterly dividend of $0.79 per share, which will be paid on September 5th, representing an annual yield of 0.95%.

Davis R M Inc. trimmed its stake in shares of The Sherwin-Williams Company (NYSE:SHW - Free Report) by 4.7% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 67,324 shares of the specialty chemicals company's stock after selling 3,331 shares during the period. Davis R M Inc.'s holdings in Sherwin-Williams were worth $23,509,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in SHW. Bristol Gate Capital Partners Inc. grew its position in Sherwin-Williams by 0.5% in the first quarter. Bristol Gate Capital Partners Inc. now owns 288,082 shares of the specialty chemicals company's stock valued at $100,596,000 after purchasing an additional 1,392 shares in the last quarter. Arkadios Wealth Advisors raised its stake in Sherwin-Williams by 48.6% in the 1st quarter. Arkadios Wealth Advisors now owns 3,022 shares of the specialty chemicals company's stock worth $1,055,000 after purchasing an additional 988 shares in the last quarter. Vestcor Inc increased its holdings in Sherwin-Williams by 82.0% in the 1st quarter. Vestcor Inc now owns 7,947 shares of the specialty chemicals company's stock valued at $2,775,000 after buying an additional 3,580 shares during the period. Banque Cantonale Vaudoise bought a new stake in shares of Sherwin-Williams during the 1st quarter valued at approximately $673,000. Finally, GSA Capital Partners LLP boosted its position in Sherwin-Williams by 94.4% during the 1st quarter. GSA Capital Partners LLP now owns 3,907 shares of the specialty chemicals company's stock worth $1,364,000 after buying an additional 1,897 shares during the period. Institutional investors own 77.67% of the company's stock.

Sherwin-Williams Price Performance

Shares of SHW stock traded up $13.16 during trading hours on Friday, hitting $344.04. 4,073,916 shares of the company's stock were exchanged, compared to its average volume of 1,712,322. The company has a market capitalization of $85.78 billion, a PE ratio of 34.13, a PEG ratio of 3.13 and a beta of 1.16. The Sherwin-Williams Company has a 12-month low of $308.84 and a 12-month high of $400.42. The business's 50 day simple moving average is $346.15 and its 200-day simple moving average is $348.09. The company has a current ratio of 0.78, a quick ratio of 0.48 and a debt-to-equity ratio of 1.78.

Sherwin-Williams (NYSE:SHW - Get Free Report) last released its quarterly earnings results on Tuesday, July 22nd. The specialty chemicals company reported $3.38 earnings per share for the quarter, missing the consensus estimate 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 the consensus estimate of $6.31 billion. During the same quarter last year, the firm earned $3.70 EPS. The business's revenue was up .6% on a year-over-year basis. On average, equities research analysts anticipate that The Sherwin-Williams Company will post 12 earnings per share for the current year.

Sherwin-Williams Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, September 5th. Shareholders of record on Friday, August 15th will be given a $0.79 dividend. The ex-dividend date of this dividend is Friday, August 15th. This represents a $3.16 dividend on an annualized basis and a yield of 0.9%. Sherwin-Williams's payout ratio is 31.35%.

Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on SHW. Bank of America boosted their price target on shares of Sherwin-Williams from $289.00 to $296.00 and gave the stock an "underperform" rating in a research report on Monday, June 23rd. BMO Capital Markets cut their price target on shares of Sherwin-Williams from $405.00 to $391.00 and set an "outperform" rating on the stock in a report on Wednesday, July 23rd. Loop Capital cut their price target on shares of Sherwin-Williams from $395.00 to $380.00 and set a "buy" rating on the stock in a report on Wednesday, July 23rd. Mizuho cut their price target on shares of Sherwin-Williams from $400.00 to $385.00 and set an "outperform" rating on the stock in a report on Wednesday, July 23rd. Finally, Citigroup dropped their price objective on shares of Sherwin-Williams from $385.00 to $375.00 and set a "neutral" rating on the stock in a report on Wednesday, July 23rd. One equities research analyst has rated the stock with a sell rating, six have given a hold rating, ten have issued a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $383.33.

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.