The Sherwin-Williams Company (NYSE:SHW) Holdings Decreased by Harvest Fund Management Co. Ltd

Key Points

• Harvest Fund Management Co. Ltd reduced its stake in The Sherwin-Williams Company by 48.3% in Q1, selling 1,444 shares and now owning 1,545 shares worth approximately $540,000.
• Sherwin-Williams announced a quarterly dividend of $0.79 per share, payable on September 5th, with a yield of 0.95% and a dividend payout ratio of 31.35%.
• Despite missing earnings expectations, Sherwin-Williams reported quarterly revenue of $6.31 billion with a net margin of 11.03%, and earnings per share of $3.38.

Harvest Fund Management Co. Ltd lowered its stake in shares of The Sherwin-Williams Company (NYSE:SHW - Free Report) by 48.3% during the 1st quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 1,545 shares of the specialty chemicals company's stock after selling 1,444 shares during the quarter. Harvest Fund Management Co. Ltd's holdings in Sherwin-Williams were worth $540,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. GAMMA Investing LLC increased its position in shares of Sherwin-Williams by 41,717.1% in the first quarter. GAMMA Investing LLC now owns 1,636,304 shares of the specialty chemicals company's stock valued at $571,381,000 after acquiring an additional 1,632,391 shares during the period. Capital Research Global Investors increased its position in shares of Sherwin-Williams by 47.1% in the fourth quarter. Capital Research Global Investors now owns 2,998,647 shares of the specialty chemicals company's stock valued at $1,019,329,000 after acquiring an additional 960,724 shares during the period. Barclays PLC increased its position in shares of Sherwin-Williams by 54.2% in the fourth quarter. Barclays PLC now owns 2,073,533 shares of the specialty chemicals company's stock valued at $704,855,000 after acquiring an additional 728,798 shares during the period. Northern Trust Corp increased its position in shares of 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 acquiring an additional 595,586 shares during the period. Finally, Universal Beteiligungs und Servicegesellschaft mbH purchased a new position in shares of Sherwin-Williams in the fourth quarter valued at about $103,359,000. Hedge funds and other institutional investors own 77.67% of the company's stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently weighed in on SHW shares. UBS Group cut their target price on shares of Sherwin-Williams from $410.00 to $395.00 and set a "buy" rating on the stock in a research note on Wednesday, July 23rd. JPMorgan Chase & Co. cut their target price on shares of Sherwin-Williams from $390.00 to $378.00 and set an "overweight" rating on the stock in a research note on Wednesday, July 23rd. Citigroup cut their target price on shares of Sherwin-Williams from $385.00 to $375.00 and set a "neutral" rating on the stock in a research note on Wednesday, July 23rd. Loop Capital dropped their price objective on shares of Sherwin-Williams from $395.00 to $380.00 and set a "buy" rating on the stock in a research note on Wednesday, July 23rd. Finally, BMO Capital Markets dropped their price objective on shares of Sherwin-Williams from $405.00 to $391.00 and set an "outperform" rating on the stock in a research note on Wednesday, July 23rd. One investment analyst has rated the stock with a sell rating, six have given a hold rating, ten have given a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, Sherwin-Williams presently has an average rating of "Moderate Buy" and a consensus target price of $383.33.

Sherwin-Williams Trading Up 4.0%

NYSE:SHW traded up $13.16 on Friday, reaching $344.04. The stock had a trading volume of 4,073,916 shares, compared to its average volume of 1,712,322. The company has a market cap of $85.78 billion, a price-to-earnings ratio of 34.13, a P/E/G ratio of 3.13 and a beta of 1.16. The company has a debt-to-equity ratio of 1.78, a current ratio of 0.78 and a quick ratio of 0.48. The firm's fifty day moving average is $346.33 and its two-hundred day moving average is $348.07. The Sherwin-Williams Company has a 12-month low of $308.84 and a 12-month high of $400.42.

Sherwin-Williams (NYSE:SHW - Get Free Report) last announced 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). The firm had revenue of $6.31 billion for the quarter, compared to analyst estimates of $6.31 billion. Sherwin-Williams had a return on equity of 66.91% and a net margin of 11.03%. The business's revenue was up .6% compared to the same quarter last year. During the same quarter in the prior year, the company earned $3.70 earnings per share. Equities analysts expect that The Sherwin-Williams Company will post 12 EPS for the current fiscal year.

Sherwin-Williams Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, September 5th. Stockholders of record on Friday, August 15th will be given a dividend of $0.79 per share. The ex-dividend date of this dividend is Friday, August 15th. This represents a $3.16 dividend on an annualized basis and a dividend yield of 0.9%. Sherwin-Williams's dividend payout ratio (DPR) is presently 31.35%.

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.