DekaBank Deutsche Girozentrale Decreases Position in The Sherwin-Williams Company (NYSE:SHW)

DekaBank Deutsche Girozentrale trimmed its holdings in The Sherwin-Williams Company (NYSE:SHW - Free Report) by 49.8% during the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 134,499 shares of the specialty chemicals company's stock after selling 133,326 shares during the quarter. DekaBank Deutsche Girozentrale owned approximately 0.05% of Sherwin-Williams worth $45,345,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Stratos Wealth Advisors LLC boosted its position in Sherwin-Williams by 109.2% during the 1st quarter. Stratos Wealth Advisors LLC now owns 5,985 shares of the specialty chemicals company's stock valued at $2,090,000 after acquiring an additional 3,124 shares in the last quarter. Planning Directions Inc. purchased a new position in shares of Sherwin-Williams during the 1st quarter valued at about $263,000. Synergy Investment Management LLC raised its stake in shares of Sherwin-Williams by 583.3% during the 1st quarter. Synergy Investment Management LLC now owns 82 shares of the specialty chemicals company's stock valued at $29,000 after buying an additional 70 shares during the last quarter. Financial Counselors Inc. boosted its position in Sherwin-Williams by 1.6% during the first quarter. Financial Counselors Inc. now owns 26,473 shares of the specialty chemicals company's stock worth $9,244,000 after purchasing an additional 419 shares in the last quarter. Finally, YANKCOM Partnership grew its stake in Sherwin-Williams by 8.8% in the 1st quarter. YANKCOM Partnership now owns 420 shares of the specialty chemicals company's stock valued at $147,000 after acquiring an additional 34 shares during the period. Institutional investors own 77.67% of the company's stock.

Wall Street Analysts Forecast Growth

A number of research firms have recently issued reports on SHW. Bank of America upped their price target on Sherwin-Williams from $289.00 to $296.00 and gave the company an "underperform" rating in a research report on Monday, June 23rd. Barclays decreased their price target on 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. Wells Fargo & Company upgraded Sherwin-Williams from an "equal weight" rating to an "overweight" rating and increased their price objective for the company from $350.00 to $420.00 in a research note on Wednesday, April 30th. Mizuho set a $395.00 target price on Sherwin-Williams in a report on Tuesday, April 15th. Finally, Royal Bank Of Canada increased their target price on Sherwin-Williams from $410.00 to $420.00 and gave the company an "outperform" rating in a report on Thursday, May 1st. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating, ten have issued a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat, Sherwin-Williams has an average rating of "Moderate Buy" and an average price target of $391.31.

Sherwin-Williams Stock Down 0.1%

Sherwin-Williams stock opened at $345.98 on Wednesday. The company has a market capitalization of $86.70 billion, a P/E ratio of 32.70, a P/E/G ratio of 3.11 and a beta of 1.18. The Sherwin-Williams Company has a 1-year low of $297.86 and a 1-year high of $400.42. 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 firm's fifty day simple moving average is $351.46 and its 200-day simple moving average is $347.93.

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

Sherwin-Williams Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, June 6th. Stockholders of record on Friday, May 16th were given a dividend of $0.79 per share. This represents a $3.16 annualized dividend and a dividend yield of 0.91%. The ex-dividend date of this dividend was Friday, May 16th. Sherwin-Williams's dividend payout ratio 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.

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