32,025 Shares in The Sherwin-Williams Company $SHW Acquired by Liontrust Investment Partners LLP

Key Points

• Liontrust Investment Partners LLP has acquired a new stake in The Sherwin-Williams Company, purchasing 32,025 shares valued at approximately $11.18 million.
• Recent upgrades from analysts include Bank of America raising its rating from "underperform" to "neutral" and increasing its price target to $375.00.
• Sherwin-Williams announced a quarterly dividend of $0.79, expected to be paid on September 5th, reflecting an annualized yield of 0.9%.

Liontrust Investment Partners LLP acquired a new stake in shares of The Sherwin-Williams Company (NYSE:SHW - Free Report) during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor acquired 32,025 shares of the specialty chemicals company's stock, valued at approximately $11,183,000.

Several other institutional investors have also added to or reduced their stakes in the business. Perkins Coie Trust Co purchased a new stake in shares of Sherwin-Williams in the first quarter worth about $27,000. Park Square Financial Group LLC bought a new position in shares of Sherwin-Williams in the fourth quarter worth approximately $27,000. Synergy Investment Management LLC increased its position in shares of Sherwin-Williams by 583.3% in the first quarter. Synergy Investment Management LLC now owns 82 shares of the specialty chemicals company's stock worth $29,000 after purchasing an additional 70 shares during the last quarter. Barnes Dennig Private Wealth Management LLC bought a new position in shares of Sherwin-Williams in the first quarter worth approximately $30,000. Finally, HWG Holdings LP bought a new position in shares of Sherwin-Williams in the first quarter worth approximately $46,000. 77.67% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

SHW has been the topic of a number of recent research reports. Bank of America upgraded shares of Sherwin-Williams from an "underperform" rating to a "neutral" rating and increased their price target for the company from $296.00 to $375.00 in a research report on Thursday. Wells Fargo & Company reduced 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 report on Wednesday, July 23rd. Mizuho reduced their price target 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. JPMorgan Chase & Co. cut their target price on shares of Sherwin-Williams from $390.00 to $378.00 and set an "overweight" rating on the stock in a report on Wednesday, July 23rd. Finally, Morgan Stanley cut their target price on shares of Sherwin-Williams from $405.00 to $385.00 and set an "overweight" rating on the stock in a report on Tuesday, April 22nd. Seven research analysts have rated the stock with a hold rating, ten have issued a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, Sherwin-Williams has an average rating of "Moderate Buy" and an average target price of $388.60.

Insider Buying and Selling

In other Sherwin-Williams news, CAO James P. Lang sold 860 shares of the business's stock in a transaction dated Wednesday, August 6th. The stock was sold at an average price of $350.35, for a total transaction of $301,301.00. Following the completion of the sale, the chief accounting officer directly owned 377 shares in the company, valued at $132,081.95. The trade was a 69.52% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Insiders own 0.60% of the company's stock.

Sherwin-Williams Stock Down 0.4%

Shares of SHW traded down $1.39 during trading hours on Friday, hitting $364.18. The company had a trading volume of 1,785,134 shares, compared to its average volume of 2,232,279. The firm has a fifty day moving average price of $346.00 and a 200-day moving average price of $347.79. The company has a debt-to-equity ratio of 1.78, a quick ratio of 0.48 and a current ratio of 0.78. The stock has a market capitalization of $90.80 billion, a price-to-earnings ratio of 36.13, a P/E/G ratio of 3.44 and a beta of 1.16. The Sherwin-Williams Company has a 52-week low of $308.84 and a 52-week high of $400.42.

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

Sherwin-Williams Announces Dividend

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 issued a $0.79 dividend. This represents a $3.16 annualized dividend and a yield of 0.9%. The ex-dividend date is Friday, August 15th. Sherwin-Williams's dividend payout ratio (DPR) is presently 31.35%.

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.