Janney Montgomery Scott LLC Lowers Holdings in The Sherwin-Williams Company (NYSE:SHW)

Janney Montgomery Scott LLC decreased its holdings in shares of The Sherwin-Williams Company (NYSE:SHW - Free Report) by 3.1% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 131,554 shares of the specialty chemicals company's stock after selling 4,232 shares during the quarter. Janney Montgomery Scott LLC owned about 0.05% of Sherwin-Williams worth $45,938,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in SHW. Midwest Capital Advisors LLC purchased a new stake in Sherwin-Williams in the 4th quarter valued at about $26,000. Perkins Coie Trust Co purchased a new stake in shares of Sherwin-Williams in the 1st quarter valued at approximately $27,000. Park Square Financial Group LLC purchased a new stake in shares of Sherwin-Williams in the 4th quarter valued at approximately $27,000. Lee Danner & Bass Inc. acquired a new position in shares of Sherwin-Williams in the 4th quarter worth approximately $28,000. Finally, Sierra Ocean LLC acquired a new stake in Sherwin-Williams in the 4th quarter valued at approximately $36,000. Hedge funds and other institutional investors own 77.67% of the company's stock.

Sherwin-Williams Price Performance

Sherwin-Williams stock opened at $335.63 on Tuesday. 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 company has a fifty day simple moving average of $348.60 and a 200-day simple moving average of $350.91. The stock has a market cap of $84.11 billion, a P/E ratio of 31.81, a price-to-earnings-growth ratio of 2.98 and a beta of 1.21. The Sherwin-Williams Company has a 12-month low of $292.27 and a 12-month high of $400.42.

Sherwin-Williams (NYSE:SHW - Get Free Report) last announced its quarterly earnings results on Tuesday, April 29th. The specialty chemicals company reported $2.25 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $2.23 by $0.02. Sherwin-Williams had a return on equity of 74.50% and a net margin of 11.61%. The company had revenue of $5.31 billion during the quarter, compared to the consensus estimate of $5.42 billion. During the same period in the previous year, the business earned $2.17 EPS. Sherwin-Williams's revenue for the quarter was down 1.1% on a year-over-year basis. 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 disclosed a quarterly dividend, which was paid on Friday, June 6th. Shareholders of record on Friday, May 16th were issued a dividend of $0.79 per share. The ex-dividend date was Friday, May 16th. This represents a $3.16 dividend on an annualized basis and a yield of 0.94%. Sherwin-Williams's payout ratio is currently 29.87%.

Analyst Ratings Changes

SHW has been the topic of a number of research reports. Barclays decreased their price target on Sherwin-Williams from $385.00 to $355.00 and set an "equal weight" rating on the stock in a research note on Tuesday, April 1st. Morgan Stanley decreased their target price on Sherwin-Williams from $405.00 to $385.00 and set an "overweight" rating on the stock in a research note on Tuesday, April 22nd. Mizuho set a $395.00 target price on Sherwin-Williams in a research report on Tuesday, April 15th. UBS Group reduced their price target on shares of Sherwin-Williams from $430.00 to $400.00 and set a "buy" rating on the stock in a research report on Monday, April 7th. Finally, Wells Fargo & Company upgraded shares of Sherwin-Williams from an "equal weight" rating to an "overweight" rating and lifted their price objective for the company from $350.00 to $420.00 in a report on Wednesday, April 30th. Six equities research analysts have rated the stock with a hold rating, ten have given a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat, Sherwin-Williams presently has an average rating of "Moderate Buy" and an average target price of $397.67.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.