The Sherwin-Williams Company (NYSE:SHW) Shares Purchased by Fifth Third Bancorp

Fifth Third Bancorp boosted its stake in shares of The Sherwin-Williams Company (NYSE:SHW - Free Report) by 5.6% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 346,656 shares of the specialty chemicals company's stock after buying an additional 18,466 shares during the quarter. Fifth Third Bancorp owned 0.14% of Sherwin-Williams worth $121,049,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds also recently modified their holdings of SHW. Brighton Jones LLC lifted its holdings in shares of Sherwin-Williams by 73.6% in the fourth quarter. Brighton Jones LLC now owns 1,545 shares of the specialty chemicals company's stock valued at $525,000 after purchasing an additional 655 shares in the last quarter. Strategic Financial Concepts LLC purchased a new position in shares of Sherwin-Williams during the fourth quarter valued at approximately $169,000. Golden State Wealth Management LLC purchased a new position in shares of Sherwin-Williams during the fourth quarter valued at approximately $47,000. Kingsview Wealth Management LLC lifted its stake in shares of Sherwin-Williams by 11.1% during the fourth quarter. Kingsview Wealth Management LLC now owns 1,067 shares of the specialty chemicals company's stock valued at $363,000 after buying an additional 107 shares during the period. Finally, Empowered Funds LLC lifted its stake in shares of Sherwin-Williams by 7.1% during the fourth quarter. Empowered Funds LLC now owns 5,610 shares of the specialty chemicals company's stock valued at $1,907,000 after buying an additional 371 shares during the period. 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 weighed in on SHW. Barclays cut 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 note on Tuesday, April 1st. Citigroup dropped their price objective on shares of Sherwin-Williams from $423.00 to $375.00 and set a "buy" rating for the company in a research report on Tuesday, April 8th. Mizuho set a $395.00 price objective on shares of Sherwin-Williams in a research report on Tuesday, April 15th. Wells Fargo & Company raised shares of Sherwin-Williams from an "equal weight" rating to an "overweight" rating and raised their price target for the company from $350.00 to $420.00 in a report on Wednesday, April 30th. Finally, Royal Bank of Canada raised their price target on shares of Sherwin-Williams from $410.00 to $420.00 and gave the company an "outperform" rating in a report on Thursday, May 1st. Five equities research analysts have rated the stock with a hold rating, eleven have given a buy rating and two have assigned a strong buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average target price of $397.00.

Sherwin-Williams Stock Down 0.3%

NYSE SHW traded down $0.97 during trading hours on Thursday, reaching $356.16. 888,049 shares of the company traded hands, compared to its average volume of 1,716,906. The Sherwin-Williams Company has a 12 month low of $292.27 and a 12 month high of $400.42. The company has a current ratio of 0.79, a quick ratio of 0.46 and a debt-to-equity ratio of 2.02. The stock has a market capitalization of $89.25 billion, a PE ratio of 33.76, a PEG ratio of 2.98 and a beta of 1.21. The company has a 50 day moving average of $347.05 and a two-hundred day moving average of $352.64.

Sherwin-Williams (NYSE:SHW - Get Free Report) last posted its quarterly earnings results on Tuesday, April 29th. The specialty chemicals company reported $2.25 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $2.23 by $0.02. Sherwin-Williams had a net margin of 11.61% and a return on equity of 74.50%. The company had revenue of $5.31 billion for the quarter, compared to the consensus estimate of $5.42 billion. During the same period last year, the firm posted $2.17 EPS. The company's revenue for the quarter was down 1.1% on a year-over-year basis. As a group, equities analysts expect that The Sherwin-Williams Company will post 12 earnings per share for the current year.

Sherwin-Williams Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, June 6th. Investors of record on Friday, May 16th were given a $0.79 dividend. The ex-dividend date was Friday, May 16th. This represents a $3.16 annualized dividend and a yield of 0.89%. Sherwin-Williams's dividend payout ratio 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.