Loring Wolcott & Coolidge Fiduciary Advisors LLP MA Trims Stake in The Sherwin-Williams Company (NYSE:SHW)

Loring Wolcott & Coolidge Fiduciary Advisors LLP MA lowered its position in The Sherwin-Williams Company (NYSE:SHW - Free Report) by 50.7% in the 1st quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 7,140 shares of the specialty chemicals company's stock after selling 7,333 shares during the period. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA's holdings in Sherwin-Williams were worth $2,365,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Beacon Financial Advisory LLC raised its holdings in Sherwin-Williams by 7.0% in the first quarter. Beacon Financial Advisory LLC now owns 778 shares of the specialty chemicals company's stock worth $272,000 after purchasing an additional 51 shares in the last quarter. PDS Planning Inc grew its position in shares of Sherwin-Williams by 6.9% in the 1st quarter. PDS Planning Inc now owns 2,175 shares of the specialty chemicals company's stock worth $759,000 after buying an additional 140 shares during the period. GenTrust LLC bought a new position in shares of Sherwin-Williams in the 1st quarter worth about $205,000. KPP Advisory Services LLC purchased a new position in Sherwin-Williams during the 1st quarter valued at about $200,000. Finally, Nvest Financial LLC boosted its stake in Sherwin-Williams by 18.8% during the first quarter. Nvest Financial LLC now owns 5,707 shares of the specialty chemicals company's stock worth $1,993,000 after acquiring an additional 904 shares in the last quarter. Hedge funds and other institutional investors own 77.67% of the company's stock.

Analyst Upgrades and Downgrades

SHW has been the subject of several recent research reports. Mizuho set a $395.00 target price on shares of Sherwin-Williams in a report on Tuesday, April 15th. Wells Fargo & Company upgraded 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 research note on Wednesday, April 30th. Jefferies Financial Group reissued a "hold" rating and issued a $380.00 target price (down from $423.00) on shares of Sherwin-Williams in a research note on Monday, March 10th. Citigroup downgraded Sherwin-Williams from a "buy" rating to a "neutral" rating and reduced their price target for the company from $405.00 to $385.00 in a report on Friday, June 13th. Finally, UBS Group dropped 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 note on Monday, April 7th. One research analyst has rated the stock with a sell rating, six have given a hold rating, ten have given a buy rating and two have given a strong buy rating to the company's stock. According to MarketBeat, the company presently has an average rating of "Moderate Buy" and an average price target of $391.31.

Sherwin-Williams Stock Down 0.4%

SHW opened at $342.15 on Friday. The stock has a market capitalization of $85.74 billion, a price-to-earnings ratio of 32.34, a PEG ratio of 3.09 and a beta of 1.21. The firm has a 50 day moving average price of $348.96 and a 200-day moving average price of $348.63. The Sherwin-Williams Company has a twelve month low of $292.33 and a twelve month high of $400.42. The company has a quick ratio of 0.45, a current ratio of 0.77 and a debt-to-equity ratio of 1.90.

Sherwin-Williams (NYSE:SHW - Get Free Report) last posted its earnings results on Tuesday, April 29th. The specialty chemicals company reported $2.25 EPS for the quarter, topping analysts' consensus estimates 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 firm's revenue was down 1.1% on a year-over-year basis. During the same quarter in the previous year, the firm posted $2.17 EPS. Equities research analysts forecast that The Sherwin-Williams Company will post 12 earnings per share for the current year.

Sherwin-Williams Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, June 6th. Shareholders of record on Friday, May 16th were issued a $0.79 dividend. This represents a $3.16 dividend on an annualized basis and a yield of 0.92%. The ex-dividend date was Friday, May 16th. Sherwin-Williams's dividend payout ratio is 29.87%.

About Sherwin-Williams

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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