The Sherwin-Williams Company (NYSE:SHW) Shares Sold by First National Bank of Mount Dora Trust Investment Services

First National Bank of Mount Dora Trust Investment Services cut its holdings in The Sherwin-Williams Company (NYSE:SHW - Free Report) by 37.0% during the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 11,015 shares of the specialty chemicals company's stock after selling 6,477 shares during the period. First National Bank of Mount Dora Trust Investment Services' holdings in Sherwin-Williams were worth $3,846,000 as of its most recent SEC filing.

A number of other hedge funds have also modified their holdings of the business. Midwest Capital Advisors LLC purchased a new stake in shares of Sherwin-Williams in the fourth quarter worth about $26,000. Park Square Financial Group LLC acquired a new stake in shares of Sherwin-Williams during the fourth quarter worth $27,000. Perkins Coie Trust Co acquired a new stake in shares of Sherwin-Williams during the 1st quarter worth approximately $27,000. Lee Danner & Bass Inc. bought a new stake in Sherwin-Williams in the fourth quarter valued at $28,000. Finally, Sierra Ocean LLC acquired a new position in Sherwin-Williams during the 4th quarter valued at about $36,000. 77.67% of the stock is owned by hedge funds and other institutional investors.

Sherwin-Williams Stock Performance

Shares of SHW traded down $3.59 during trading hours on Wednesday, reaching $357.14. 1,112,069 shares of the company traded hands, compared to its average volume of 1,719,911. The Sherwin-Williams Company has a 12-month low of $292.27 and a 12-month high of $400.42. The stock has a market capitalization of $89.50 billion, a P/E ratio of 33.85, a P/E/G ratio of 2.98 and a beta of 1.21. The company has a quick ratio of 0.46, a current ratio of 0.79 and a debt-to-equity ratio of 2.02. The business has a fifty day moving average price of $346.54 and a 200-day moving average price of $352.61.

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

Sherwin-Williams Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, June 6th. Investors of record on Friday, May 16th were paid a dividend of $0.79 per share. This represents a $3.16 annualized dividend and a yield of 0.88%. The ex-dividend date was Friday, May 16th. Sherwin-Williams's payout ratio is 29.87%.

Wall Street Analyst Weigh In

SHW has been the topic of a number of research reports. Citigroup dropped their price objective on Sherwin-Williams from $423.00 to $375.00 and set a "buy" rating on the stock in a research note on Tuesday, April 8th. Jefferies Financial Group restated a "hold" rating and issued a $380.00 target price (down previously from $423.00) on shares of Sherwin-Williams in a research note on Monday, March 10th. Wells Fargo & Company upgraded shares of Sherwin-Williams from an "equal weight" rating to an "overweight" rating and boosted their price objective for the stock from $350.00 to $420.00 in a research note on Wednesday, April 30th. Barclays lowered their price objective 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. Finally, Royal Bank of Canada upped their price target on Sherwin-Williams from $410.00 to $420.00 and gave the company an "outperform" rating in a report on Thursday, May 1st. Five research analysts have rated the stock with a hold rating, eleven have issued a buy rating and two have issued a strong buy rating to the company. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average target price of $397.00.

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.