Fayez Sarofim & Co Has $240.70 Million Holdings in The Sherwin-Williams Company (NYSE:SHW)

Key Points

• Fayez Sarofim & Co has reduced its stake in The Sherwin-Williams Company by 1.2%, currently holding approximately $240.70 million worth of shares.
• The company's recent earnings report revealed an EPS of $3.38, which fell short of analysts' expectations of $3.76.
• A quarterly dividend of $0.79 per share has been declared, with a dividend yield of 0.9%, signaling continued shareholder returns despite the recent earnings miss.

Fayez Sarofim & Co reduced its stake in The Sherwin-Williams Company (NYSE:SHW - Free Report) by 1.2% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 689,294 shares of the specialty chemicals company's stock after selling 8,194 shares during the quarter. Fayez Sarofim & Co owned 0.28% of Sherwin-Williams worth $240,695,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently modified their holdings of SHW. Perkins Coie Trust Co bought a new stake in Sherwin-Williams in the 1st quarter valued at approximately $27,000. Park Square Financial Group LLC acquired a new position in Sherwin-Williams during the fourth quarter worth $27,000. Synergy Investment Management LLC grew its position in Sherwin-Williams by 583.3% in the first quarter. Synergy Investment Management LLC now owns 82 shares of the specialty chemicals company's stock valued at $29,000 after purchasing an additional 70 shares in the last quarter. Barnes Dennig Private Wealth Management LLC bought a new position in shares of Sherwin-Williams in the 1st quarter valued at about $30,000. Finally, HWG Holdings LP bought a new position in shares of Sherwin-Williams in the 1st quarter valued at about $46,000. Institutional investors and hedge funds own 77.67% of the company's stock.

Sherwin-Williams Stock Performance

Shares of Sherwin-Williams stock opened at $350.83 on Thursday. The Sherwin-Williams Company has a 1-year low of $308.84 and a 1-year high of $400.42. The company has a market cap of $87.47 billion, a PE ratio of 34.80, a price-to-earnings-growth ratio of 3.33 and a beta of 1.16. The company has a current ratio of 0.78, a quick ratio of 0.48 and a debt-to-equity ratio of 1.78. The company has a 50 day moving average of $345.83 and a 200-day moving average of $348.05.

Sherwin-Williams (NYSE:SHW - Get Free Report) last issued its earnings results on Tuesday, July 22nd. The specialty chemicals company reported $3.38 earnings per share for the quarter, missing analysts' consensus estimates of $3.76 by ($0.38). The company had revenue of $6.31 billion during the quarter, compared to analyst estimates of $6.31 billion. Sherwin-Williams had a net margin of 11.03% and a return on equity of 66.91%. The business's quarterly revenue was up .6% on a year-over-year basis. During the same quarter in the prior year, the business earned $3.70 EPS. As a group, equities research analysts forecast that The Sherwin-Williams Company will post 12 earnings per share for the current fiscal year.

Sherwin-Williams Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, September 5th. Stockholders of record on Friday, August 15th will be issued 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 31.35%.

Wall Street Analyst Weigh In

Several brokerages recently commented on SHW. Wells Fargo & Company reduced their price target on Sherwin-Williams from $420.00 to $400.00 and set an "overweight" rating for the company in a research report on Wednesday, July 23rd. JPMorgan Chase & Co. cut their price objective on Sherwin-Williams from $390.00 to $378.00 and set an "overweight" rating for the company in a report on Wednesday, July 23rd. Morgan Stanley lowered their target price 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. BMO Capital Markets dropped their price target on shares of Sherwin-Williams from $405.00 to $391.00 and set an "outperform" rating on the stock in a research report on Wednesday, July 23rd. Finally, Royal Bank Of Canada lifted their price objective on shares of Sherwin-Williams from $410.00 to $420.00 and gave the company an "outperform" rating in a research report on Thursday, May 1st. One analyst has rated the stock with a sell rating, six have issued a hold rating, ten have issued a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus price target of $383.33.

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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