Motley Fool Asset Management LLC Raises Stock Holdings in The Sherwin-Williams Company (NYSE:SHW)

Key Points

• Motley Fool Asset Management LLC increased its stake in The Sherwin-Williams Company by 5.3% during the first quarter, acquiring a total of 14,463 shares valued at approximately $5,050,000.
• Sherwin-Williams reported earnings per share of $3.38 for the most recent quarter, which was below the consensus estimate of $3.76, despite achieving revenue of $6.31 billion.
• The company has announced a quarterly dividend of $0.79 per share, which translates to an annualized dividend of $3.16 and a yield of 0.9%.

Motley Fool Asset Management LLC grew its stake in The Sherwin-Williams Company (NYSE:SHW - Free Report) by 5.3% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 14,463 shares of the specialty chemicals company's stock after buying an additional 723 shares during the quarter. Motley Fool Asset Management LLC's holdings in Sherwin-Williams were worth $5,050,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Park Square Financial Group LLC bought a new position in shares of Sherwin-Williams in the fourth quarter worth about $27,000. Perkins Coie Trust Co bought a new position in shares of Sherwin-Williams in the first quarter worth about $27,000. Synergy Investment Management LLC boosted its stake 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 acquiring an additional 70 shares during the period. Barnes Dennig Private Wealth Management LLC bought a new position in shares of Sherwin-Williams in the first quarter worth about $30,000. Finally, HWG Holdings LP bought a new position in shares of Sherwin-Williams in the first quarter worth about $46,000. Hedge funds and other institutional investors own 77.67% of the company's stock.

Sherwin-Williams Stock Performance

Shares of SHW opened at $352.19 on Monday. The stock has a market cap of $87.81 billion, a P/E ratio of 34.94, a P/E/G ratio of 3.33 and a beta of 1.16. The stock has a 50-day moving average of $345.58 and a two-hundred day moving average of $347.80. 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 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 issued its quarterly earnings data 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 analyst estimates of $6.31 billion. Sherwin-Williams had a net margin of 11.03% and a return on equity of 66.91%. The business's quarterly revenue was up .6% compared to the same quarter last year. During the same period last year, the firm earned $3.70 EPS. As a group, research analysts predict that The Sherwin-Williams Company will post 12 EPS for the current year.

Sherwin-Williams Announces Dividend

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

Insider Activity

In related news, CAO James P. Lang sold 860 shares of Sherwin-Williams stock in a transaction dated Wednesday, August 6th. The stock was sold at an average price of $350.35, for a total value of $301,301.00. Following the completion of the transaction, the chief accounting officer owned 377 shares in the company, valued at $132,081.95. The trade was a 69.52% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 0.60% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

A number of equities analysts have recently weighed in on SHW shares. Wells Fargo & Company dropped their price objective on Sherwin-Williams from $420.00 to $400.00 and set an "overweight" rating for the company in a research note on Wednesday, July 23rd. Bank of America raised their price target on Sherwin-Williams from $289.00 to $296.00 and gave the company an "underperform" rating in a report on Monday, June 23rd. UBS Group cut their price target on Sherwin-Williams from $410.00 to $395.00 and set a "buy" rating for the company in a report on Wednesday, July 23rd. Citigroup cut their price target on Sherwin-Williams from $385.00 to $375.00 and set a "neutral" rating for the company in a report on Wednesday, July 23rd. Finally, Mizuho cut their price target on Sherwin-Williams from $400.00 to $385.00 and set an "outperform" rating for the company in a report on Wednesday, July 23rd. One investment analyst has rated the stock with a sell rating, six have issued a hold rating, ten have given a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $383.33.

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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