GAMMA Investing LLC Has $571.38 Million Stake in The Sherwin-Williams Company (NYSE:SHW)

GAMMA Investing LLC boosted its holdings in The Sherwin-Williams Company (NYSE:SHW - Free Report) by 41,717.1% during the 1st quarter, according to the company in its most recent disclosure with the SEC. The fund owned 1,636,304 shares of the specialty chemicals company's stock after buying an additional 1,632,391 shares during the quarter. GAMMA Investing LLC owned 0.65% of Sherwin-Williams worth $571,381,000 as of its most recent SEC filing.

Several other hedge funds have also recently added to or reduced their stakes in SHW. Midwest Capital Advisors LLC purchased a new position in Sherwin-Williams during the 4th quarter worth approximately $26,000. Park Square Financial Group LLC purchased a new position in Sherwin-Williams during the 4th quarter worth approximately $27,000. Lee Danner & Bass Inc. purchased a new position in Sherwin-Williams during the 4th quarter worth approximately $28,000. Sierra Ocean LLC purchased a new position in Sherwin-Williams during the 4th quarter worth approximately $36,000. Finally, WR Wealth Planners LLC grew its position in Sherwin-Williams by 41.7% during the 4th quarter. WR Wealth Planners LLC now owns 119 shares of the specialty chemicals company's stock worth $40,000 after purchasing an additional 35 shares in the last quarter. Institutional investors and hedge funds own 77.67% of the company's stock.

Sherwin-Williams Stock Performance

Shares of NYSE SHW traded up $3.63 during trading hours on Wednesday, hitting $361.39. 243,214 shares of the stock were exchanged, compared to its average volume of 1,737,050. The Sherwin-Williams Company has a one year low of $282.09 and a one year high of $400.42. The company's 50 day moving average is $345.29 and its 200 day moving average is $353.27. The company has a debt-to-equity ratio of 2.02, a current ratio of 0.79 and a quick ratio of 0.46. The firm has a market capitalization of $90.56 billion, a P/E ratio of 34.25, a P/E/G ratio of 2.98 and a beta of 1.25.

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

Sherwin-Williams Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, June 6th. Investors of record on Friday, May 16th will be paid a dividend of $0.79 per share. The ex-dividend date is Friday, May 16th. This represents a $3.16 annualized dividend and a yield of 0.87%. Sherwin-Williams's dividend payout ratio is 29.87%.

Analyst Upgrades and Downgrades

Several equities analysts have weighed in on SHW shares. Royal Bank of Canada lifted their price objective on shares of Sherwin-Williams from $410.00 to $420.00 and gave the stock an "outperform" rating in a research report on Thursday, May 1st. Jefferies Financial Group restated a "hold" rating and set a $380.00 price target (down from $423.00) on shares of Sherwin-Williams in a report 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 target for the company from $350.00 to $420.00 in a report on Wednesday, April 30th. Morgan Stanley reduced their price target on Sherwin-Williams from $405.00 to $385.00 and set an "overweight" rating for the company in a report on Tuesday, April 22nd. Finally, Mizuho set a $395.00 price target on Sherwin-Williams in a research note on Tuesday, April 15th. Five analysts have rated the stock with a hold rating, eleven have assigned a buy rating and two have assigned a strong buy rating to the company. According to MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus target price of $397.00.

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.