GSA Capital Partners LLP grew its position in The Sherwin-Williams Company (NYSE:SHW - Free Report) by 94.4% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 3,907 shares of the specialty chemicals company's stock after acquiring an additional 1,897 shares during the period. GSA Capital Partners LLP's holdings in Sherwin-Williams were worth $1,364,000 at the end of the most recent quarter.
A number of other hedge funds have also bought and sold shares of SHW. FMR LLC raised its holdings in shares of Sherwin-Williams by 1.6% during the 4th quarter. FMR LLC now owns 6,588,755 shares of the specialty chemicals company's stock worth $2,239,715,000 after buying an additional 106,093 shares in the last quarter. Geode Capital Management LLC boosted its position in Sherwin-Williams by 2.0% in the fourth quarter. Geode Capital Management LLC now owns 4,829,702 shares of the specialty chemicals company's stock valued at $1,636,679,000 after buying an additional 96,571 shares in the last quarter. Capital Research Global Investors grew its position in Sherwin-Williams by 47.1% during the 4th quarter. Capital Research Global Investors now owns 2,998,647 shares of the specialty chemicals company's stock worth $1,019,329,000 after acquiring an additional 960,724 shares during the last quarter. Northern Trust Corp raised its position in Sherwin-Williams by 28.0% in the fourth quarter. Northern Trust Corp now owns 2,725,827 shares of the specialty chemicals company's stock valued at $926,590,000 after purchasing an additional 595,586 shares during the last quarter. Finally, Barclays PLC boosted its stake in shares of Sherwin-Williams by 54.2% during the fourth quarter. Barclays PLC now owns 2,073,533 shares of the specialty chemicals company's stock valued at $704,855,000 after purchasing an additional 728,798 shares in the last quarter. 77.67% of the stock is owned by institutional investors.
Wall Street Analyst Weigh In
A number of equities analysts recently commented on SHW shares. Bank of America lifted their price objective on Sherwin-Williams from $289.00 to $296.00 and gave the stock an "underperform" rating in a research note on Monday, June 23rd. BMO Capital Markets decreased their price target on shares of Sherwin-Williams from $405.00 to $391.00 and set an "outperform" rating for the company in a research note on Wednesday, July 23rd. Loop Capital reduced their target price on Sherwin-Williams from $395.00 to $380.00 and set a "buy" rating for the company in a research note on Wednesday, July 23rd. Citigroup cut their target price on Sherwin-Williams from $385.00 to $375.00 and set a "neutral" rating on the stock in a report on Wednesday, July 23rd. Finally, Royal Bank Of Canada boosted their price objective on Sherwin-Williams from $410.00 to $420.00 and gave the stock an "outperform" rating in a report on Thursday, May 1st. One equities research analyst has rated the stock with a sell rating, six have given a hold rating, ten have given a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $383.33.
Read Our Latest Analysis on SHW
Sherwin-Williams Price Performance
Shares of SHW traded up $13.16 during trading hours on Friday, reaching $344.04. 4,073,916 shares of the company's stock traded hands, compared to its average volume of 1,774,539. The stock has a market cap of $85.78 billion, a PE ratio of 34.13, a price-to-earnings-growth ratio of 3.14 and a beta of 1.18. The company has a current ratio of 0.78, a quick ratio of 0.48 and a debt-to-equity ratio of 1.78. The Sherwin-Williams Company has a 12 month low of $308.84 and a 12 month high of $400.42. The firm's 50 day simple moving average is $346.33 and its 200-day simple moving average is $348.07.
Sherwin-Williams (NYSE:SHW - Get Free Report) last posted its quarterly earnings results on Tuesday, July 22nd. The specialty chemicals company reported $3.38 EPS for the quarter, missing the consensus estimate of $3.76 by ($0.38). Sherwin-Williams had a return on equity of 66.91% and a net margin of 11.03%. The business had revenue of $6.31 billion for the quarter, compared to analysts' expectations of $6.31 billion. During the same period last year, the business posted $3.70 earnings per share. The company's revenue was up .6% compared to the same quarter last year. Equities 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, September 5th. Shareholders of record on Friday, August 15th will be issued a $0.79 dividend. 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 (DPR) is 31.35%.
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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