K.J. Harrison & Partners Inc Decreases Stock Holdings in The Sherwin-Williams Company (NYSE:SHW)

K.J. Harrison & Partners Inc trimmed its holdings in The Sherwin-Williams Company (NYSE:SHW - Free Report) by 15.2% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 5,585 shares of the specialty chemicals company's stock after selling 1,000 shares during the quarter. K.J. Harrison & Partners Inc's holdings in Sherwin-Williams were worth $1,950,000 as of its most recent SEC filing.

A number of other institutional investors have also bought and sold shares of the business. Vanguard Group Inc. raised its position 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 valued at $7,422,932,000 after buying an additional 138,170 shares during the period. FMR LLC raised its position in shares of Sherwin-Williams by 1.6% during 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 during the period. Geode Capital Management LLC raised its position in shares of Sherwin-Williams by 2.0% during 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 during the period. Alliancebernstein L.P. raised its position in shares of Sherwin-Williams by 2.0% during 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 during the period. Finally, Norges Bank purchased a new stake in shares of Sherwin-Williams during the 4th quarter valued at approximately $1,359,747,000. 77.67% of the stock is owned by hedge funds and other institutional investors.

Sherwin-Williams Stock Performance

NYSE:SHW opened at $346.03 on Friday. The company has a fifty day simple moving average of $349.22 and a two-hundred day simple moving average of $348.29. The company has a market cap of $86.72 billion, a price-to-earnings ratio of 32.71, a price-to-earnings-growth ratio of 3.11 and a beta of 1.21. The company has a quick ratio of 0.45, a current ratio of 0.77 and a debt-to-equity ratio of 1.90. The Sherwin-Williams Company has a 52 week low of $292.33 and a 52 week high of $400.42.

Sherwin-Williams (NYSE:SHW - Get Free Report) last posted its quarterly earnings results on Tuesday, April 29th. The specialty chemicals company reported $2.25 EPS 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 company's quarterly revenue was down 1.1% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $2.17 earnings per share. As a group, equities analysts anticipate that The Sherwin-Williams Company will post 12 earnings per share for the current fiscal year.

Sherwin-Williams Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, June 6th. Investors of record on Friday, May 16th were paid a dividend of $0.79 per share. The ex-dividend date of this dividend was Friday, May 16th. This represents a $3.16 dividend on an annualized basis and a dividend yield of 0.91%. Sherwin-Williams's payout ratio is currently 29.87%.

Wall Street Analysts Forecast Growth

Several analysts have recently commented on the stock. Morgan Stanley reduced their price target on shares of Sherwin-Williams from $405.00 to $385.00 and set an "overweight" rating on the stock in a research report on Tuesday, April 22nd. Royal Bank Of Canada increased their target price on shares of Sherwin-Williams from $410.00 to $420.00 and gave the stock an "outperform" rating in a research note on Thursday, May 1st. Bank of America increased their target price on shares of Sherwin-Williams from $289.00 to $296.00 and gave the stock an "underperform" rating in a research note on Monday, June 23rd. Citigroup lowered shares of Sherwin-Williams from a "buy" rating to a "neutral" rating and lowered their target price for the stock from $405.00 to $385.00 in a research note on Friday, June 13th. Finally, UBS Group cut their target price on Sherwin-Williams from $430.00 to $400.00 and set a "buy" rating on the stock in a research report on Monday, April 7th. One research analyst has rated the stock with a sell rating, six have assigned a hold rating, ten have given a buy rating and two have assigned a strong buy rating to the company. According to MarketBeat, Sherwin-Williams currently has an average rating of "Moderate Buy" and a consensus target price of $391.31.

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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