ING Groep NV Increases Stake in The Sherwin-Williams Company (NYSE:SHW)

Key Points

• ING Groep NV increased its stake in Sherwin-Williams by 3.3% in the first quarter, bringing its total holdings to 135,624 shares valued at approximately $47.36 million.
• Sherwin-Williams reported a quarterly earnings miss with an EPS of $3.38, falling short of analysts' expectations of $3.76, while revenues matched forecasts at $6.31 billion.
• The company recently announced a quarterly dividend of $0.79 per share, equating to an annual yield of 0.9%, with the payout ratio at 31.35%.

ING Groep NV lifted its position in shares of The Sherwin-Williams Company (NYSE:SHW - Free Report) by 3.3% in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 135,624 shares of the specialty chemicals company's stock after acquiring an additional 4,292 shares during the period. ING Groep NV owned approximately 0.05% of Sherwin-Williams worth $47,359,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Connable Office Inc. bought a new stake in shares of Sherwin-Williams during the 1st quarter valued at $2,096,000. Commonwealth Equity Services LLC lifted its stake in shares of Sherwin-Williams by 5.6% during the 1st quarter. Commonwealth Equity Services LLC now owns 180,644 shares of the specialty chemicals company's stock valued at $63,079,000 after buying an additional 9,573 shares in the last quarter. Raiffeisen Bank International AG lifted its stake in shares of Sherwin-Williams by 5.7% during the 1st quarter. Raiffeisen Bank International AG now owns 5,326 shares of the specialty chemicals company's stock valued at $1,810,000 after buying an additional 286 shares in the last quarter. Argent Trust Co lifted its stake in shares of Sherwin-Williams by 2.2% during the 1st quarter. Argent Trust Co now owns 6,027 shares of the specialty chemicals company's stock valued at $2,105,000 after buying an additional 128 shares in the last quarter. Finally, Scotia Capital Inc. lifted its stake in shares of Sherwin-Williams by 42.9% during the 1st quarter. Scotia Capital Inc. now owns 62,921 shares of the specialty chemicals company's stock valued at $21,971,000 after buying an additional 18,899 shares in the last quarter. Institutional investors own 77.67% of the company's stock.

Sherwin-Williams Trading Down 0.4%

SHW stock traded down $1.26 during trading on Wednesday, reaching $350.83. 1,792,053 shares of the stock were exchanged, compared to its average volume of 1,925,127. 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 business has a 50 day moving average price of $345.90 and a 200-day moving average price of $348.04. The Sherwin-Williams Company has a 1 year low of $308.84 and a 1 year high of $400.42. The firm has a market capitalization of $87.47 billion, a price-to-earnings ratio of 34.80, a P/E/G ratio of 3.33 and a beta of 1.16.

Sherwin-Williams (NYSE:SHW - Get Free Report) last issued its earnings results on Tuesday, July 22nd. The specialty chemicals company reported $3.38 EPS for the quarter, missing analysts' consensus estimates of $3.76 by ($0.38). Sherwin-Williams had a return on equity of 66.91% and a net margin of 11.03%. The firm had revenue of $6.31 billion for the quarter, compared to analysts' expectations of $6.31 billion. During the same period last year, the firm earned $3.70 earnings per share. Sherwin-Williams's revenue for the quarter was up .6% on a year-over-year basis. On average, research analysts predict that The Sherwin-Williams Company will post 12 earnings per share for the current year.

Sherwin-Williams Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, September 5th. Stockholders of record on Friday, August 15th will be issued a $0.79 dividend. This represents a $3.16 annualized dividend and a dividend yield of 0.9%. The ex-dividend date is Friday, August 15th. Sherwin-Williams's dividend payout ratio is currently 31.35%.

Analyst Ratings Changes

Several analysts have commented on the stock. Wells Fargo & Company decreased their price target on shares of Sherwin-Williams from $420.00 to $400.00 and set an "overweight" rating on the stock in a research note on Wednesday, July 23rd. Loop Capital decreased their target price on shares of Sherwin-Williams from $395.00 to $380.00 and set a "buy" rating on the stock in a research report on Wednesday, July 23rd. UBS Group reduced their price objective on shares of Sherwin-Williams from $410.00 to $395.00 and set a "buy" rating on the stock in a research report on Wednesday, July 23rd. Mizuho reduced their price objective on shares of Sherwin-Williams from $400.00 to $385.00 and set an "outperform" rating on the stock in a research report on Wednesday, July 23rd. Finally, JPMorgan Chase & Co. reduced their price objective on shares of Sherwin-Williams from $390.00 to $378.00 and set an "overweight" rating on the stock in a research report on Wednesday, July 23rd. One analyst has rated the stock with a sell rating, six have issued a hold rating, ten have given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, Sherwin-Williams has a consensus rating of "Moderate Buy" and a consensus price target of $383.33.

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.