Hudson Valley Investment Advisors Inc. ADV Sells 1,801 Shares of The Sherwin-Williams Company (NYSE:SHW)

Hudson Valley Investment Advisors Inc. ADV cut its stake in The Sherwin-Williams Company (NYSE:SHW - Free Report) by 9.3% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 17,626 shares of the specialty chemicals company's stock after selling 1,801 shares during the quarter. Hudson Valley Investment Advisors Inc. ADV's holdings in Sherwin-Williams were worth $6,154,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently modified their holdings of the stock. Norges Bank acquired a new stake in shares of Sherwin-Williams in the 4th quarter valued at approximately $1,359,747,000. GAMMA Investing LLC grew its position in 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 last quarter. Capital Research Global Investors grew its holdings in shares of Sherwin-Williams by 47.1% during the fourth quarter. Capital Research Global Investors now owns 2,998,647 shares of the specialty chemicals company's stock worth $1,019,329,000 after purchasing an additional 960,724 shares during the last quarter. Barclays PLC lifted its stake 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 worth $704,855,000 after acquiring an additional 728,798 shares during the period. Finally, Raymond James Financial Inc. acquired a new position in shares of Sherwin-Williams in the fourth quarter worth approximately $230,829,000. 77.67% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

SHW has been the topic of a number of research reports. Barclays lowered their target price on Sherwin-Williams from $385.00 to $355.00 and set an "equal weight" rating on the stock in a research report on Tuesday, April 1st. Jefferies Financial Group restated a "hold" rating and issued a $380.00 price objective (down previously from $423.00) on shares of Sherwin-Williams in a research note on Monday, March 10th. Wells Fargo & Company upgraded Sherwin-Williams from an "equal weight" rating to an "overweight" rating and increased their price target for the stock from $350.00 to $420.00 in a research note on Wednesday, April 30th. Mizuho set a $395.00 price target on Sherwin-Williams in a research note on Tuesday, April 15th. Finally, Royal Bank of Canada increased 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. Five investment analysts have rated the stock with a hold rating, eleven have given a buy rating and two have issued a strong buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average price target of $397.00.

Sherwin-Williams Price Performance

SHW opened at $357.65 on Friday. The stock's 50-day moving average price is $346.06 and its 200 day moving average price is $353.11. The Sherwin-Williams Company has a 12-month low of $282.09 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 firm has a market cap of $89.63 billion, a price-to-earnings ratio of 33.90, a PEG ratio of 2.98 and a beta of 1.21.

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

Sherwin-Williams Dividend Announcement

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

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