Dimensional Fund Advisors LP Grows Stock Position in The Sherwin-Williams Company $SHW

Key Points

• Dimensional Fund Advisors LP increased its holdings in The Sherwin-Williams Company by 2.9% during the first quarter, owning approximately 1.48 million shares valued at $516.41 million.
• Various institutional investors have raised their stakes in Sherwin-Williams, with 77.67% of the stock being held by such investors and hedge funds.
• Analysts have reduced their price targets for Sherwin-Williams, with the average consensus now at $388.60, amidst recent earnings that missed expectations.

Dimensional Fund Advisors LP raised its position in The Sherwin-Williams Company (NYSE:SHW - Free Report) by 2.9% in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 1,479,210 shares of the specialty chemicals company's stock after acquiring an additional 42,312 shares during the quarter. Dimensional Fund Advisors LP owned approximately 0.59% of Sherwin-Williams worth $516,413,000 as of its most recent SEC filing.

A number of other institutional investors also recently added to or reduced their stakes in the company. Horizon Investments LLC lifted its stake in Sherwin-Williams by 9.1% in the first quarter. Horizon Investments LLC now owns 6,578 shares of the specialty chemicals company's stock worth $2,297,000 after acquiring an additional 547 shares during the last quarter. Cookson Peirce & Co. Inc. raised its holdings in Sherwin-Williams by 14.1% during the first quarter. Cookson Peirce & Co. Inc. now owns 1,932 shares of the specialty chemicals company's stock worth $675,000 after purchasing an additional 239 shares in the last quarter. OneAscent Investment Solutions LLC acquired a new stake in Sherwin-Williams during the first quarter worth approximately $583,000. Sit Investment Associates Inc. raised its holdings in Sherwin-Williams by 0.4% during the first quarter. Sit Investment Associates Inc. now owns 20,145 shares of the specialty chemicals company's stock worth $7,034,000 after purchasing an additional 81 shares in the last quarter. Finally, Financial Network Wealth Advisors LLC raised its holdings in Sherwin-Williams by 19.7% during the first quarter. Financial Network Wealth Advisors LLC now owns 467 shares of the specialty chemicals company's stock worth $163,000 after purchasing an additional 77 shares in the last quarter. Hedge funds and other institutional investors own 77.67% of the company's stock.

Insider Activity at Sherwin-Williams

In other Sherwin-Williams news, CAO James P. Lang sold 860 shares of the business's stock in a transaction on Wednesday, August 6th. The shares were sold at an average price of $350.35, for a total transaction of $301,301.00. Following the sale, the chief accounting officer directly owned 377 shares in the company, valued at approximately $132,081.95. The trade was a 69.52% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 0.60% of the company's stock.

Sherwin-Williams Stock Performance

NYSE:SHW traded down $1.39 during midday trading on Friday, reaching $364.18. The stock had a trading volume of 1,785,134 shares, compared to its average volume of 2,232,279. The firm has a fifty day simple moving average of $346.00 and a two-hundred day simple moving average of $347.79. The Sherwin-Williams Company has a 12-month low of $308.84 and a 12-month high of $400.42. The company has a quick ratio of 0.48, a current ratio of 0.78 and a debt-to-equity ratio of 1.78. The stock has a market cap of $90.80 billion, a P/E ratio of 36.13, a P/E/G ratio of 3.44 and a beta of 1.16.

Sherwin-Williams (NYSE:SHW - Get Free Report) last issued its earnings results on Tuesday, July 22nd. The specialty chemicals company reported $3.38 EPS for the quarter, missing the consensus estimate of $3.76 by ($0.38). The company had revenue of $6.31 billion for the quarter, compared to analysts' expectations of $6.31 billion. Sherwin-Williams had a return on equity of 66.91% and a net margin of 11.03%. Sherwin-Williams's revenue for the quarter was up .6% on a year-over-year basis. During the same quarter in the previous year, the firm posted $3.70 earnings per share. On average, equities analysts expect that The Sherwin-Williams Company will post 12 EPS for the current year.

Sherwin-Williams Dividend Announcement

The business 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 dividend of $0.79 per share. This represents a $3.16 annualized dividend and a dividend yield of 0.9%. The ex-dividend date is Friday, August 15th. Sherwin-Williams's payout ratio is presently 31.35%.

Analyst Upgrades and Downgrades

A number of analysts have weighed in on SHW shares. Morgan Stanley cut their price objective on shares of Sherwin-Williams from $405.00 to $385.00 and set an "overweight" rating on the stock in a report on Tuesday, April 22nd. Loop Capital cut their price objective 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. UBS Group cut their price objective on shares of Sherwin-Williams from $410.00 to $395.00 and set a "buy" rating on the stock in a report on Wednesday, July 23rd. Bank of America raised shares of Sherwin-Williams from an "underperform" rating to a "neutral" rating and lifted their target price for the company from $296.00 to $375.00 in a report on Thursday. Finally, Royal Bank Of Canada lifted 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. Seven research analysts have rated the stock with a hold rating, ten have given a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and an average price target of $388.60.

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.