Envestnet Asset Management Inc. Lowers Holdings in The Sherwin-Williams Company (NYSE:SHW)

Envestnet Asset Management Inc. decreased its position in shares of The Sherwin-Williams Company (NYSE:SHW - Free Report) by 1.8% during the first quarter, according to its most recent filing with the SEC. The firm owned 1,062,385 shares of the specialty chemicals company's stock after selling 19,183 shares during the period. Envestnet Asset Management Inc. owned about 0.42% of Sherwin-Williams worth $370,974,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Crew Capital Management Ltd. grew its position in shares of Sherwin-Williams by 5.1% in the 1st quarter. Crew Capital Management Ltd. now owns 848 shares of the specialty chemicals company's stock worth $296,000 after buying an additional 41 shares during the period. Argentarii LLC grew its holdings in Sherwin-Williams by 150.8% in the first quarter. Argentarii LLC now owns 2,177 shares of the specialty chemicals company's stock worth $760,000 after purchasing an additional 1,309 shares during the period. Concurrent Investment Advisors LLC grew its holdings in Sherwin-Williams by 4.5% in the first quarter. Concurrent Investment Advisors LLC now owns 13,782 shares of the specialty chemicals company's stock worth $4,812,000 after purchasing an additional 596 shares during the period. Braun Stacey Associates Inc. grew its holdings in Sherwin-Williams by 46.2% in the first quarter. Braun Stacey Associates Inc. now owns 7,310 shares of the specialty chemicals company's stock worth $2,553,000 after purchasing an additional 2,310 shares during the period. Finally, Seascape Capital Management grew its stake in shares of Sherwin-Williams by 0.5% in the 1st quarter. Seascape Capital Management now owns 11,535 shares of the specialty chemicals company's stock worth $4,028,000 after buying an additional 59 shares during the last quarter. 77.67% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of research firms have recently commented on SHW. UBS Group increased their target price on Sherwin-Williams from $398.00 to $410.00 and gave the stock a "buy" rating in a research note on Wednesday. Barclays cut their price objective on shares of Sherwin-Williams from $385.00 to $355.00 and set an "equal weight" rating on the stock in a research report on Tuesday, April 1st. Bank of America increased their price objective on shares of Sherwin-Williams from $289.00 to $296.00 and gave the company an "underperform" rating in a research report on Monday, June 23rd. Citigroup cut shares of Sherwin-Williams from a "buy" rating to a "neutral" rating and cut their price target for the company from $405.00 to $385.00 in a report on Friday, June 13th. Finally, Wells Fargo & Company upgraded Sherwin-Williams from an "equal weight" rating to an "overweight" rating and increased their target price for the company from $350.00 to $420.00 in a research note on Wednesday, April 30th. One investment analyst has rated the stock with a sell rating, six have issued a hold rating, ten have given a buy rating and two have issued a strong buy rating to the company's stock. According to data from MarketBeat, Sherwin-Williams currently has an average rating of "Moderate Buy" and an average target price of $391.94.

Sherwin-Williams Stock Performance

NYSE:SHW traded down $5.93 on Friday, hitting $345.90. The stock had a trading volume of 1,034,538 shares, compared to its average volume of 1,720,441. The company has a quick ratio of 0.45, a current ratio of 0.77 and a debt-to-equity ratio of 1.90. The stock has a market cap of $86.68 billion, a price-to-earnings ratio of 32.69, a price-to-earnings-growth ratio of 3.16 and a beta of 1.18. The business's 50-day simple moving average is $351.12 and its two-hundred day simple moving average is $348.00. The Sherwin-Williams Company has a 52-week low of $308.84 and a 52-week high of $400.42.

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

Sherwin-Williams Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, June 6th. Investors of record on Friday, May 16th were paid a dividend of $0.79 per share. This represents a $3.16 dividend on an annualized basis and a dividend yield of 0.91%. The ex-dividend date of this dividend was Friday, May 16th. Sherwin-Williams's dividend payout ratio (DPR) 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.