The Sherwin-Williams Company (NYSE:SHW) Shares Sold by Envestnet Asset Management Inc.

Envestnet Asset Management Inc. decreased its position in The Sherwin-Williams Company (NYSE:SHW - Free Report) by 1.8% in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,062,385 shares of the specialty chemicals company's stock after selling 19,183 shares during the quarter. Envestnet Asset Management Inc. owned 0.42% of Sherwin-Williams worth $370,974,000 at the end of the most recent quarter.

Other hedge funds also recently made changes to their positions in the company. Voleon Capital Management LP purchased a new position in Sherwin-Williams in the fourth quarter valued at about $2,011,000. Kingswood Wealth Advisors LLC raised its position in shares of Sherwin-Williams by 25.0% in the 1st quarter. Kingswood Wealth Advisors LLC now owns 1,006 shares of the specialty chemicals company's stock valued at $352,000 after purchasing an additional 201 shares in the last quarter. Sowell Financial Services LLC purchased a new position in shares of Sherwin-Williams during the 1st quarter valued at approximately $306,000. Wealthcare Advisory Partners LLC grew its position in shares of Sherwin-Williams by 18.4% during the first quarter. Wealthcare Advisory Partners LLC now owns 882 shares of the specialty chemicals company's stock worth $308,000 after buying an additional 137 shares in the last quarter. Finally, Horizon Investments LLC increased its stake in shares of Sherwin-Williams by 2.7% in the fourth quarter. Horizon Investments LLC now owns 6,031 shares of the specialty chemicals company's stock worth $2,050,000 after buying an additional 161 shares during the last quarter. Hedge funds and other institutional investors own 77.67% of the company's stock.

Analysts Set New Price Targets

A number of research firms have commented on SHW. UBS Group reduced their price objective on shares of Sherwin-Williams from $430.00 to $400.00 and set a "buy" rating on the stock in a research note on Monday, April 7th. Barclays reduced their price target 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. Citigroup lowered Sherwin-Williams from a "buy" rating to a "neutral" rating and lowered their price objective for the company from $405.00 to $385.00 in a report on Friday, June 13th. Wells Fargo & Company upgraded Sherwin-Williams from an "equal weight" rating to an "overweight" rating and upped their price objective for the company from $350.00 to $420.00 in a research note on Wednesday, April 30th. Finally, Royal Bank Of Canada lifted their target price on Sherwin-Williams from $410.00 to $420.00 and gave the stock an "outperform" rating in a research report on Thursday, May 1st. One analyst has rated the stock with a sell rating, six have assigned a hold rating, ten have assigned a buy rating and two have assigned a strong buy rating to the company's stock. Based on data from MarketBeat.com, Sherwin-Williams currently has an average rating of "Moderate Buy" and a consensus price target of $391.31.

Sherwin-Williams Stock Performance

NYSE SHW traded up $1.27 during trading hours on Wednesday, hitting $347.27. The company had a trading volume of 230,960 shares, compared to its average volume of 1,713,593. 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 firm has a market cap of $87.03 billion, a P/E ratio of 32.81, a price-to-earnings-growth ratio of 3.11 and a beta of 1.18. The Sherwin-Williams Company has a fifty-two week low of $297.86 and a fifty-two week high of $400.42. The business has a fifty day simple moving average of $351.46 and a 200-day simple moving average of $347.93.

Sherwin-Williams (NYSE:SHW - Get Free Report) last released its quarterly 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 business had revenue of $5.31 billion during 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 company's quarterly revenue was down 1.1% on a year-over-year basis. During the same quarter in the prior year, the firm earned $2.17 earnings per share. Equities analysts predict that The Sherwin-Williams Company will post 12 EPS for the current year.

Sherwin-Williams Dividend Announcement

The firm also recently declared 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 dividend on an annualized basis and a dividend yield of 0.91%. Sherwin-Williams's dividend payout ratio (DPR) is presently 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.