The Sherwin-Williams Company (NYSE:SHW) Stock Position Increased by LPL Financial LLC

Key Points

• LPL Financial LLC increased its stake in The Sherwin-Williams Company by 8.7%, owning approximately 0.09% of the company, valued at $75.73 million as of its latest SEC filing.
• Several institutional investors have also boosted their holdings, with Brighton Jones LLC growing its stake by 73.6% in the last quarter.
• The Sherwin-Williams Company announced a quarterly dividend of $0.79 per share, representing an annual yield of 0.95%, with a payout ratio of 31.35%.

LPL Financial LLC boosted its stake in The Sherwin-Williams Company (NYSE:SHW - Free Report) by 8.7% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 217,958 shares of the specialty chemicals company's stock after purchasing an additional 17,389 shares during the period. LPL Financial LLC owned approximately 0.09% of Sherwin-Williams worth $75,731,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently modified their holdings of the stock. FMR LLC lifted its position in shares of Sherwin-Williams by 1.6% during the fourth quarter. FMR LLC now owns 6,588,755 shares of the specialty chemicals company's stock worth $2,239,715,000 after purchasing an additional 106,093 shares in the last quarter. Geode Capital Management LLC boosted its position in Sherwin-Williams by 2.0% in 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 last quarter. Capital Research Global Investors increased its position in shares of Sherwin-Williams by 47.1% during the fourth quarter. Capital Research Global Investors now owns 2,998,647 shares of the specialty chemicals company's stock worth $1,019,329,000 after acquiring an additional 960,724 shares during the last quarter. Northern Trust Corp boosted its holdings in Sherwin-Williams by 28.0% in the fourth quarter. Northern Trust Corp now owns 2,725,827 shares of the specialty chemicals company's stock valued at $926,590,000 after purchasing an additional 595,586 shares during the last quarter. Finally, Barclays PLC grew its stake in Sherwin-Williams by 54.2% during the 4th quarter. Barclays PLC now owns 2,073,533 shares of the specialty chemicals company's stock valued at $704,855,000 after purchasing an additional 728,798 shares in the last quarter. Institutional investors and hedge funds own 77.67% of the company's stock.

Wall Street Analysts Forecast Growth

A number of analysts have recently weighed in on SHW shares. JPMorgan Chase & Co. decreased their price target on shares of Sherwin-Williams from $390.00 to $378.00 and set an "overweight" rating for the company in a research report on Wednesday, July 23rd. UBS Group decreased their price objective on shares of Sherwin-Williams from $410.00 to $395.00 and set a "buy" rating for the company in a report on Wednesday, July 23rd. Royal Bank Of Canada increased their price target on shares of Sherwin-Williams from $410.00 to $420.00 and gave the stock an "outperform" rating in a research report on Thursday, May 1st. Bank of America boosted their price objective on Sherwin-Williams from $289.00 to $296.00 and gave the company an "underperform" rating in a report on Monday, June 23rd. Finally, Citigroup reduced their target price on Sherwin-Williams from $385.00 to $375.00 and set a "neutral" rating on the stock in a report on Wednesday, July 23rd. One analyst has rated the stock with a sell rating, six have issued a hold rating, ten have issued a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, Sherwin-Williams presently has a consensus rating of "Moderate Buy" and a consensus price target of $383.33.

Sherwin-Williams Stock Performance

NYSE SHW traded up $13.16 on Friday, hitting $344.04. The stock had a trading volume of 4,073,916 shares, compared to its average volume of 1,712,322. The company's 50-day moving average is $346.33 and its two-hundred day moving average is $348.07. The stock has a market cap of $85.78 billion, a price-to-earnings ratio of 34.13, a P/E/G ratio of 3.13 and a beta of 1.16. The company has a quick ratio of 0.48, a current ratio of 0.78 and a debt-to-equity ratio of 1.78. The Sherwin-Williams Company has a one year low of $308.84 and a one year high of $400.42.

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

Sherwin-Williams Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, September 5th. Shareholders of record on Friday, August 15th will be paid a dividend of $0.79 per share. The ex-dividend date of this dividend is Friday, August 15th. This represents a $3.16 annualized dividend and a yield of 0.9%. Sherwin-Williams's dividend payout ratio (DPR) is presently 31.35%.

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.