Invesco Ltd. Has $463.73 Million Stock Position in The Sherwin-Williams Company (NYSE:SHW)

Key Points

• Invesco Ltd. increased its stake in The Sherwin-Williams Company by 3.3% in Q1, holding approximately $463.73 million worth of shares.
• Several hedge funds have also purchased shares of Sherwin-Williams, with institutional investors currently owning 77.67% of the company's stock.
• Sherwin-Williams reported $3.38 EPS for the last quarter, missing estimates, while also announcing a quarterly dividend of $0.79, representing a 0.9% dividend yield.

Invesco Ltd. boosted its position in The Sherwin-Williams Company (NYSE:SHW - Free Report) by 3.3% in the 1st quarter, according to its most recent filing with the SEC. The fund owned 1,328,006 shares of the specialty chemicals company's stock after purchasing an additional 42,660 shares during the period. Invesco Ltd. owned about 0.53% of Sherwin-Williams worth $463,727,000 as of its most recent filing with the SEC.

Other hedge funds have also recently bought and sold shares of the company. Perkins Coie Trust Co acquired a new stake in Sherwin-Williams during the first quarter worth approximately $27,000. Park Square Financial Group LLC acquired a new stake in Sherwin-Williams during the fourth quarter worth approximately $27,000. Synergy Investment Management LLC lifted its position in Sherwin-Williams by 583.3% during the first quarter. Synergy Investment Management LLC now owns 82 shares of the specialty chemicals company's stock worth $29,000 after acquiring an additional 70 shares during the last quarter. Barnes Dennig Private Wealth Management LLC acquired a new stake in Sherwin-Williams during the first quarter worth approximately $30,000. Finally, HWG Holdings LP acquired a new stake in shares of Sherwin-Williams in the first quarter valued at approximately $46,000. 77.67% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

SHW has been the subject of a number of analyst reports. BMO Capital Markets dropped 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 report on Wednesday, July 23rd. Wells Fargo & Company dropped their price target on shares of Sherwin-Williams from $420.00 to $400.00 and set an "overweight" rating for the company in a research report on Wednesday, July 23rd. Morgan Stanley dropped their price target on shares of Sherwin-Williams from $405.00 to $385.00 and set an "overweight" rating for the company in a research report on Tuesday, April 22nd. JPMorgan Chase & Co. dropped their price target on shares of Sherwin-Williams from $390.00 to $378.00 and set an "overweight" rating for the company in a research report on Wednesday, July 23rd. Finally, UBS Group decreased 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 note on Wednesday, July 23rd. One investment analyst has rated the stock with a sell rating, six have issued a hold rating, ten have given a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, Sherwin-Williams presently has a consensus rating of "Moderate Buy" and a consensus price target of $383.33.

Sherwin-Williams Stock Performance

Shares of Sherwin-Williams stock opened at $352.19 on Monday. The company has a quick ratio of 0.48, a current ratio of 0.78 and a debt-to-equity ratio of 1.78. The Sherwin-Williams Company has a twelve month low of $308.84 and a twelve month high of $400.42. The stock has a market cap of $87.81 billion, a price-to-earnings ratio of 34.94, a P/E/G ratio of 3.33 and a beta of 1.16. The company's fifty day moving average is $345.58 and its 200 day moving average is $347.80.

Sherwin-Williams (NYSE:SHW - Get Free Report) last issued its quarterly earnings data on Tuesday, July 22nd. The specialty chemicals company reported $3.38 earnings per share 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 during the quarter, compared to the consensus estimate of $6.31 billion. During the same period in the prior year, the firm earned $3.70 EPS. The business's revenue for the quarter was up .6% compared to the same quarter last year. Sell-side analysts forecast that The Sherwin-Williams Company will post 12 EPS for the current year.

Sherwin-Williams Dividend Announcement

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

Insider Buying and Selling at Sherwin-Williams

In related news, CAO James P. Lang sold 860 shares of the business's stock in a transaction on Wednesday, August 6th. The shares were sold at an average price of $350.35, for a total value of $301,301.00. Following the sale, the chief accounting officer owned 377 shares of the company's stock, valued at $132,081.95. The trade was a 69.52% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. 0.60% of the stock is currently owned by corporate insiders.

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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