Loring Wolcott & Coolidge Fiduciary Advisors LLP MA Sells 7,333 Shares of The Sherwin-Williams Company (NYSE:SHW)

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

A number of other hedge funds and other institutional investors have also recently bought and sold shares of SHW. Brighton Jones LLC increased its position in Sherwin-Williams by 73.6% in the 4th quarter. Brighton Jones LLC now owns 1,545 shares of the specialty chemicals company's stock valued at $525,000 after acquiring an additional 655 shares during the period. Sigma Planning Corp increased its holdings in Sherwin-Williams by 5.6% in the fourth quarter. Sigma Planning Corp now owns 2,044 shares of the specialty chemicals company's stock valued at $695,000 after purchasing an additional 108 shares during the period. FourThought Financial Partners LLC acquired a new stake in Sherwin-Williams in the fourth quarter valued at $243,000. NewEdge Wealth LLC lifted its holdings in Sherwin-Williams by 1.6% during the 4th quarter. NewEdge Wealth LLC now owns 14,629 shares of the specialty chemicals company's stock worth $4,973,000 after buying an additional 233 shares during the period. Finally, Whipplewood Advisors LLC acquired a new position in Sherwin-Williams during the 4th quarter worth about $47,000. Institutional investors own 77.67% of the company's stock.

Sherwin-Williams Stock Performance

SHW traded down $2.75 during midday trading on Monday, hitting $342.97. 967,102 shares of the company traded hands, compared to its average volume of 1,747,029. The company's 50-day moving average is $349.22 and its 200 day moving average is $348.16. 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 firm has a market capitalization of $85.95 billion, a PE ratio of 32.42, a price-to-earnings-growth ratio of 3.11 and a beta of 1.21. 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 announced its earnings results on Tuesday, April 29th. The specialty chemicals company reported $2.25 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.23 by $0.02. The business had revenue of $5.31 billion for the quarter, compared to analysts' expectations of $5.42 billion. Sherwin-Williams had a return on equity of 71.86% and a net margin of 11.63%. The business's revenue for the quarter was down 1.1% on a year-over-year basis. During the same period last year, the firm posted $2.17 earnings per share. On average, research analysts expect that The Sherwin-Williams Company will post 12 EPS for the current year.

Sherwin-Williams Announces Dividend

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

Analyst Ratings Changes

Several research firms have recently weighed in on SHW. Bank of America increased their price objective on shares of Sherwin-Williams from $289.00 to $296.00 and gave the stock an "underperform" rating in a research report on Monday, June 23rd. Citigroup lowered Sherwin-Williams from a "buy" rating to a "neutral" rating and lowered their price objective for the stock from $405.00 to $385.00 in a research report on Friday, June 13th. 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. Morgan Stanley lowered their target price on Sherwin-Williams from $405.00 to $385.00 and set an "overweight" rating for the company in a report on Tuesday, April 22nd. Finally, Wells Fargo & Company upgraded Sherwin-Williams from an "equal weight" rating to an "overweight" rating and increased their price target for the stock from $350.00 to $420.00 in a report on Wednesday, April 30th. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating, ten have assigned a buy rating and two have issued a strong buy rating to the company's stock. According to data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average price target 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.