NFP Retirement Inc. lessened its holdings in shares of The Sherwin-Williams Company (NYSE:SHW - Free Report) by 16.0% in the first quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 4,569 shares of the specialty chemicals company's stock after selling 873 shares during the quarter. NFP Retirement Inc.'s holdings in Sherwin-Williams were worth $1,595,000 as of its most recent filing with the SEC.
Other institutional investors and hedge funds have also recently bought and sold shares of the company. Voleon Capital Management LP purchased a new position in shares of Sherwin-Williams during the 4th quarter valued at approximately $2,011,000. Moors & Cabot Inc. increased its position in Sherwin-Williams by 0.4% in the first quarter. Moors & Cabot Inc. now owns 9,016 shares of the specialty chemicals company's stock worth $3,148,000 after buying an additional 39 shares during the period. Kingswood Wealth Advisors LLC increased its holdings in shares of Sherwin-Williams by 25.0% during the first quarter. Kingswood Wealth Advisors LLC now owns 1,006 shares of the specialty chemicals company's stock valued at $352,000 after purchasing an additional 201 shares during the period. Sowell Financial Services LLC acquired a new position in shares of Sherwin-Williams during the first quarter valued at $306,000. Finally, Wealthcare Advisory Partners LLC boosted its stake in Sherwin-Williams by 18.4% during the first quarter. Wealthcare Advisory Partners LLC now owns 882 shares of the specialty chemicals company's stock valued at $308,000 after buying an additional 137 shares in the last quarter. Institutional investors and hedge funds own 77.67% of the company's stock.
Analysts Set New Price Targets
A number of equities analysts recently weighed in on the company. Loop Capital decreased their price target on Sherwin-Williams from $395.00 to $380.00 and set a "buy" rating for the company in a research report on Wednesday, July 23rd. Royal Bank Of Canada upped their price target on Sherwin-Williams from $410.00 to $420.00 and gave the stock an "outperform" rating in a report on Thursday, May 1st. UBS Group cut their target price on Sherwin-Williams from $410.00 to $395.00 and set a "buy" rating for the company in a research note on Wednesday, July 23rd. Citigroup lowered their price target on Sherwin-Williams from $385.00 to $375.00 and set a "neutral" rating on the stock in a research report on Wednesday, July 23rd. Finally, Morgan Stanley decreased their target price on Sherwin-Williams from $405.00 to $385.00 and set an "overweight" rating on the stock in a report on Tuesday, April 22nd. Seven equities research analysts have rated the stock with a hold rating, ten have given a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $388.60.
Read Our Latest Analysis on SHW
Sherwin-Williams Trading Down 0.4%
Shares of NYSE SHW traded down $1.39 during trading hours on Friday, hitting $364.18. The company's stock had a trading volume of 1,785,134 shares, compared to its average volume of 2,253,146. 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 12 month low of $308.84 and a 12 month high of $400.42. The business has a 50-day simple moving average of $345.87 and a 200-day simple moving average of $348.00. The stock has a market cap of $90.80 billion, a price-to-earnings ratio of 36.13, a P/E/G ratio of 3.46 and a beta of 1.16.
Sherwin-Williams (NYSE:SHW - Get Free Report) last announced its quarterly 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). 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%. The firm's revenue for the quarter was up .6% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $3.70 EPS. On average, analysts anticipate that The Sherwin-Williams Company will post 12 earnings per share for the current fiscal year.
Sherwin-Williams Announces Dividend
The business also recently announced a quarterly dividend, which will be paid on Friday, September 5th. Stockholders of record on Friday, August 15th will be given a dividend of $0.79 per share. The ex-dividend date of this dividend is Friday, August 15th. This represents a $3.16 dividend on an annualized basis and a dividend yield of 0.9%. Sherwin-Williams's dividend payout ratio (DPR) is 31.35%.
Insider Activity at Sherwin-Williams
In other news, CAO James P. Lang sold 860 shares of the firm's stock in a transaction that occurred on Wednesday, August 6th. The shares were sold at an average price of $350.35, for a total transaction of $301,301.00. Following the transaction, the chief accounting officer directly owned 377 shares of the company's stock, valued at approximately $132,081.95. This trade represents a 69.52% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Company insiders own 0.60% of the company's stock.
About Sherwin-Williams
(
Free Report)
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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