Deltec Asset Management LLC Has $349,000 Holdings in The Sherwin-Williams Company (NYSE:SHW)

Deltec Asset Management LLC cut its stake in shares of The Sherwin-Williams Company (NYSE:SHW - Free Report) by 75.0% during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 1,000 shares of the specialty chemicals company's stock after selling 3,000 shares during the quarter. Deltec Asset Management LLC's holdings in Sherwin-Williams were worth $349,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also made changes to their positions in the stock. Norges Bank purchased a new stake in Sherwin-Williams in the 4th quarter valued at approximately $1,359,747,000. GAMMA Investing LLC increased its stake in Sherwin-Williams by 41,717.1% in the first quarter. GAMMA Investing LLC now owns 1,636,304 shares of the specialty chemicals company's stock valued at $571,381,000 after purchasing an additional 1,632,391 shares during the last quarter. Capital Research Global Investors increased its stake in Sherwin-Williams by 47.1% in the fourth quarter. Capital Research Global Investors now owns 2,998,647 shares of the specialty chemicals company's stock valued at $1,019,329,000 after purchasing an additional 960,724 shares during the last quarter. Barclays PLC grew its holdings in Sherwin-Williams by 54.2% in the 4th quarter. Barclays PLC now owns 2,073,533 shares of the specialty chemicals company's stock valued at $704,855,000 after buying an additional 728,798 shares during the period. Finally, Raymond James Financial Inc. acquired a new position in shares of Sherwin-Williams during the 4th quarter valued at about $230,829,000. 77.67% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of equities analysts have weighed in on SHW shares. Jefferies Financial Group reiterated a "hold" rating and issued a $380.00 price target (down previously from $423.00) on shares of Sherwin-Williams in a report on Monday, March 10th. Citigroup lowered shares of Sherwin-Williams from a "buy" rating to a "neutral" rating and dropped their price objective for the stock from $405.00 to $385.00 in a research report on Friday, June 13th. Barclays lowered their price target on Sherwin-Williams from $385.00 to $355.00 and set an "equal weight" rating for the company in a report on Tuesday, April 1st. Wells Fargo & Company raised shares of 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 report on Wednesday, April 30th. Finally, Royal Bank Of Canada lifted their price target on shares of Sherwin-Williams from $410.00 to $420.00 and gave the stock an "outperform" rating in a research note on Thursday, May 1st. Six investment analysts have rated the stock with a hold rating, ten have issued a buy rating and two have assigned a strong buy rating to the company. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus target price of $397.67.

Sherwin-Williams Stock Up 0.4%

NYSE SHW traded up $1.42 on Friday, reaching $332.89. The stock had a trading volume of 2,702,942 shares, compared to its average volume of 1,725,360. 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 1 year low of $292.27 and a 1 year high of $400.42. The business has a 50 day moving average price of $348.31 and a 200 day moving average price of $349.46. The company has a market capitalization of $83.42 billion, a price-to-earnings ratio of 31.46, a P/E/G ratio of 3.03 and a beta of 1.21.

Sherwin-Williams (NYSE:SHW - Get Free Report) last announced its earnings results on Tuesday, April 29th. The specialty chemicals company reported $2.25 EPS for the quarter, topping the consensus estimate of $2.23 by $0.02. The firm had revenue of $5.31 billion for the quarter, compared to the consensus estimate 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 quarter last year, the firm posted $2.17 EPS. On average, analysts forecast that The Sherwin-Williams Company will post 12 EPS for the current fiscal year.

Sherwin-Williams Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, June 6th. Stockholders of record on Friday, May 16th were issued a dividend of $0.79 per share. The ex-dividend date of this dividend was Friday, May 16th. This represents a $3.16 annualized dividend and a dividend yield of 0.95%. Sherwin-Williams's payout ratio is 29.87%.

Sherwin-Williams Company 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.