IFC Advisors LLC Decreases Position in The Sherwin-Williams Company (NYSE:SHW)

IFC Advisors LLC lowered its stake in shares of The Sherwin-Williams Company (NYSE:SHW - Free Report) by 19.2% in the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 4,042 shares of the specialty chemicals company's stock after selling 960 shares during the period. IFC Advisors LLC's holdings in Sherwin-Williams were worth $1,411,000 at the end of the most recent quarter.

Several other large investors also recently modified their holdings of the stock. Vanguard Group Inc. increased its stake in shares of Sherwin-Williams by 0.6% during the 4th quarter. Vanguard Group Inc. now owns 21,836,648 shares of the specialty chemicals company's stock worth $7,422,932,000 after purchasing an additional 138,170 shares during the last quarter. FMR LLC grew its stake in Sherwin-Williams by 1.6% in the 4th quarter. FMR LLC now owns 6,588,755 shares of the specialty chemicals company's stock valued at $2,239,715,000 after buying an additional 106,093 shares in the last quarter. Geode Capital Management LLC grew its stake in Sherwin-Williams by 2.0% in the 4th 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. Alliancebernstein L.P. grew its stake in Sherwin-Williams by 2.0% in the 4th quarter. Alliancebernstein L.P. now owns 4,316,000 shares of the specialty chemicals company's stock valued at $1,467,138,000 after buying an additional 86,268 shares in the last quarter. Finally, Norges Bank purchased a new position in Sherwin-Williams in the 4th quarter valued at approximately $1,359,747,000. Hedge funds and other institutional investors own 77.67% of the company's stock.

Sherwin-Williams Stock Performance

NYSE SHW opened at $345.90 on Friday. The Sherwin-Williams Company has a 52-week low of $308.84 and a 52-week high of $400.42. The company has a debt-to-equity ratio of 1.90, a quick ratio of 0.45 and a current ratio of 0.77. The company has a market capitalization of $86.68 billion, a P/E ratio of 32.69, a P/E/G ratio of 3.16 and a beta of 1.18. The company has a fifty day moving average of $351.12 and a 200-day moving average of $348.00.

Sherwin-Williams (NYSE:SHW - Get Free Report) last posted its quarterly earnings results on Tuesday, April 29th. The specialty chemicals company reported $2.25 earnings per share for the quarter, topping the consensus estimate of $2.23 by $0.02. The business had revenue of $5.31 billion during the quarter, compared to the consensus estimate of $5.42 billion. Sherwin-Williams had a net margin of 11.63% and a return on equity of 71.86%. The firm's revenue for the quarter was down 1.1% on a year-over-year basis. During the same period in the previous year, the firm posted $2.17 earnings per share. As a group, equities research analysts predict that The Sherwin-Williams Company will post 12 EPS for the current fiscal year.

Sherwin-Williams Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, June 6th. Shareholders of record on Friday, May 16th were paid a $0.79 dividend. This represents a $3.16 annualized dividend and a yield of 0.91%. The ex-dividend date of this dividend was Friday, May 16th. Sherwin-Williams's dividend payout ratio is presently 29.87%.

Analyst Ratings Changes

A number of research firms recently weighed in on SHW. UBS Group lifted their price objective on shares of Sherwin-Williams from $398.00 to $410.00 and gave the company a "buy" rating in a research note on Wednesday. Royal Bank Of Canada lifted their price objective on shares of Sherwin-Williams from $410.00 to $420.00 and gave the company an "outperform" rating in a research note on Thursday, May 1st. Bank of America lifted their price objective on shares of Sherwin-Williams from $289.00 to $296.00 and gave the company an "underperform" rating in a research note on Monday, June 23rd. Barclays reduced their price target on shares of Sherwin-Williams from $385.00 to $355.00 and set an "equal weight" rating for the company in a research report on Tuesday, April 1st. Finally, 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 research report on Wednesday, April 30th. One investment analyst has rated the stock with a sell rating, six have given a hold rating, ten have assigned a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $391.94.

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.

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