Federated Hermes Inc. decreased its position in The Sherwin-Williams Company (NYSE:SHW - Free Report) by 14.4% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 201,006 shares of the specialty chemicals company's stock after selling 33,936 shares during the quarter. Federated Hermes Inc. owned 0.08% of Sherwin-Williams worth $70,189,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Several other large investors have also recently modified their holdings of SHW. N.E.W. Advisory Services LLC acquired a new stake in shares of Sherwin-Williams in the 1st quarter worth $83,000. Kirtland Hills Capital Management LLC boosted its holdings in Sherwin-Williams by 9.4% in the 1st quarter. Kirtland Hills Capital Management LLC now owns 5,892 shares of the specialty chemicals company's stock worth $1,964,000 after buying an additional 508 shares during the last quarter. Meeder Advisory Services Inc. boosted its holdings in shares of Sherwin-Williams by 5.5% during the 1st quarter. Meeder Advisory Services Inc. now owns 5,556 shares of the specialty chemicals company's stock worth $1,940,000 after purchasing an additional 292 shares during the last quarter. Clarendon Private LLC acquired a new position in shares of Sherwin-Williams during the 1st quarter worth approximately $272,000. Finally, Physicians Financial Services Inc. lifted its holdings in Sherwin-Williams by 5.7% in the first quarter. Physicians Financial Services Inc. now owns 2,240 shares of the specialty chemicals company's stock valued at $782,000 after acquiring an additional 120 shares during the last quarter. Institutional investors own 77.67% of the company's stock.
Sherwin-Williams Price Performance
SHW stock traded up $13.16 on Friday, reaching $344.04. The company had a trading volume of 4,073,916 shares, compared to its average volume of 1,774,539. The Sherwin-Williams Company has a 1 year low of $308.84 and a 1 year high of $400.42. The company has a debt-to-equity ratio of 1.78, a quick ratio of 0.48 and a current ratio of 0.78. The company's fifty day moving average is $346.33 and its 200 day moving average is $348.07. The company has a market cap of $85.78 billion, a P/E ratio of 34.13, a PEG ratio of 3.14 and a beta of 1.18.
Sherwin-Williams (NYSE:SHW - Get Free Report) last released its earnings results on Tuesday, July 22nd. The specialty chemicals company reported $3.38 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $3.76 by ($0.38). Sherwin-Williams had a net margin of 11.03% and a return on equity of 66.91%. The company had revenue of $6.31 billion during the quarter, compared to analysts' expectations of $6.31 billion. During the same quarter in the previous year, the firm posted $3.70 earnings per share. Sherwin-Williams's revenue for the quarter was up .6% compared to the same quarter last year. On average, research analysts forecast that The Sherwin-Williams Company will post 12 earnings per share for the current year.
Sherwin-Williams Announces Dividend
The company also recently disclosed a quarterly dividend, which will be paid on Friday, September 5th. Shareholders of record on Friday, August 15th will be issued a $0.79 dividend. The ex-dividend date is Friday, August 15th. This represents a $3.16 dividend on an annualized basis and a yield of 0.9%. Sherwin-Williams's payout ratio is currently 31.35%.
Wall Street Analysts Forecast Growth
A number of analysts have issued reports on SHW shares. JPMorgan Chase & Co. cut their target price on Sherwin-Williams from $390.00 to $378.00 and set an "overweight" rating on the stock in a research report on Wednesday, July 23rd. Morgan Stanley decreased their target price on shares of Sherwin-Williams from $405.00 to $385.00 and set an "overweight" rating for the company in a research note on Tuesday, April 22nd. Royal Bank Of Canada increased their price target on shares of Sherwin-Williams from $410.00 to $420.00 and gave the stock an "outperform" rating in a report on Thursday, May 1st. Loop Capital lowered their price objective on Sherwin-Williams from $395.00 to $380.00 and set a "buy" rating on the stock in a report on Wednesday, July 23rd. Finally, Bank of America increased their target price on Sherwin-Williams from $289.00 to $296.00 and gave the stock an "underperform" rating in a research note on Monday, June 23rd. One equities research analyst has rated the stock with a sell rating, six have given a hold rating, ten have issued a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, Sherwin-Williams has an average rating of "Moderate Buy" and an average price target of $383.33.
View Our Latest Report on Sherwin-Williams
Sherwin-Williams Company Profile
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Free Report)
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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