Fidato Wealth LLC Cuts Holdings in The Sherwin-Williams Company $SHW

Key Points

• Fidato Wealth LLC reduced its stake in The Sherwin-Williams Company by 19.9% in the first quarter, owning 5,582 shares valued at approximately $1.95 million, making it the 7th largest holding in its portfolio.
• The company reported earnings per share of $3.38 for the last quarter, missing analysts' estimates by $0.38, while quarterly revenue was up only 0.6% compared to the previous year.
• Sherwin-Williams recently declared a quarterly dividend of $0.79 per share, with an annual yield of 0.9%, indicating a solid financial commitment to its investors.

Fidato Wealth LLC lessened its stake in shares of The Sherwin-Williams Company (NYSE:SHW - Free Report) by 19.9% during the 1st quarter, according to its most recent disclosure with the SEC. The institutional investor owned 5,582 shares of the specialty chemicals company's stock after selling 1,383 shares during the period. Sherwin-Williams comprises approximately 1.5% of Fidato Wealth LLC's investment portfolio, making the stock its 7th largest holding. Fidato Wealth LLC's holdings in Sherwin-Williams were worth $1,949,000 as of its most recent SEC filing.

Other hedge funds have also recently bought and sold shares of the company. Vanguard Group Inc. grew its position in Sherwin-Williams by 1.1% during the first quarter. Vanguard Group Inc. now owns 22,082,544 shares of the specialty chemicals company's stock worth $7,711,004,000 after buying an additional 245,896 shares in the last quarter. Northern Trust Corp raised its holdings in shares of Sherwin-Williams by 28.0% during the 4th quarter. Northern Trust Corp now owns 2,725,827 shares of the specialty chemicals company's stock worth $926,590,000 after buying an additional 595,586 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its holdings in shares of Sherwin-Williams by 6.5% during the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 1,826,498 shares of the specialty chemicals company's stock worth $620,881,000 after buying an additional 111,128 shares in the last quarter. GAMMA Investing LLC raised its holdings in shares of Sherwin-Williams by 41,717.1% during the 1st quarter. GAMMA Investing LLC now owns 1,636,304 shares of the specialty chemicals company's stock worth $571,381,000 after buying an additional 1,632,391 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. raised its holdings in shares of Sherwin-Williams by 4.4% during the 1st quarter. Charles Schwab Investment Management Inc. now owns 1,536,398 shares of the specialty chemicals company's stock worth $536,495,000 after buying an additional 64,325 shares in the last quarter. 77.67% of the stock is currently owned by institutional investors.

Sherwin-Williams Stock Down 0.4%

Shares of NYSE:SHW opened at $364.18 on Monday. 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 capitalization of $90.80 billion, a price-to-earnings ratio of 36.13, a P/E/G ratio of 3.44 and a beta of 1.16. The business's 50-day moving average is $346.00 and its 200-day moving average is $347.79. The company has a debt-to-equity ratio of 1.78, a current ratio of 0.78 and a quick ratio of 0.48.

Sherwin-Williams (NYSE:SHW - Get Free Report) last posted its quarterly 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). Sherwin-Williams had a return on equity of 66.91% and a net margin of 11.03%. The firm had revenue of $6.31 billion for the quarter, compared to analyst estimates of $6.31 billion. During the same period last year, the company posted $3.70 earnings per share. The firm's quarterly revenue was up .6% compared to the same quarter last year. Equities 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 declared a quarterly dividend, which will be paid on Friday, September 5th. Investors of record on Friday, August 15th will be paid a dividend of $0.79 per share. This represents a $3.16 dividend on an annualized basis and a yield of 0.9%. The ex-dividend date of this dividend is Friday, August 15th. Sherwin-Williams's dividend payout ratio is 31.35%.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently commented on SHW shares. Wells Fargo & Company lowered their price target on Sherwin-Williams from $420.00 to $400.00 and set an "overweight" rating for the company in a report on Wednesday, July 23rd. Royal Bank Of Canada boosted their price target on 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 target on Sherwin-Williams from $395.00 to $380.00 and set a "buy" rating for the company in a report on Wednesday, July 23rd. Mizuho lowered their price target on Sherwin-Williams from $400.00 to $385.00 and set an "outperform" rating for the company in a report on Wednesday, July 23rd. Finally, Bank of America raised Sherwin-Williams from an "underperform" rating to a "neutral" rating and raised their price objective for the company from $296.00 to $375.00 in a report on Thursday. Seven research analysts have rated the stock with a hold rating, ten have issued a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat.com, Sherwin-Williams currently has an average rating of "Moderate Buy" and an average price target of $388.60.

Insiders Place Their Bets

In related news, CAO James P. Lang sold 860 shares of the company's stock in a transaction that occurred on Wednesday, August 6th. The stock was sold at an average price of $350.35, for a total transaction of $301,301.00. Following the transaction, the chief accounting officer directly owned 377 shares of the company's stock, valued at approximately $132,081.95. This represents a 69.52% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 0.60% of the company's stock.

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.

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