Nichols & Pratt Advisers LLP MA Has $3.17 Million Position in The Sherwin-Williams Company (NYSE:SHW)

Nichols & Pratt Advisers LLP MA lessened its holdings in shares of The Sherwin-Williams Company (NYSE:SHW - Free Report) by 8.8% in the first quarter, according to its most recent filing with the SEC. The firm owned 9,063 shares of the specialty chemicals company's stock after selling 875 shares during the period. Nichols & Pratt Advisers LLP MA's holdings in Sherwin-Williams were worth $3,166,000 as of its most recent filing with the SEC.

Other institutional investors have also recently bought and sold shares of the company. Vanguard Group Inc. grew its stake in shares of Sherwin-Williams by 0.6% during the fourth quarter. Vanguard Group Inc. now owns 21,836,648 shares of the specialty chemicals company's stock worth $7,422,932,000 after purchasing an additional 138,170 shares during the period. FMR LLC boosted its holdings in 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 buying an additional 106,093 shares during the last quarter. Geode Capital Management LLC grew its position in shares of Sherwin-Williams by 2.0% during the 4th quarter. Geode Capital Management LLC now owns 4,829,702 shares of the specialty chemicals company's stock worth $1,636,679,000 after buying an additional 96,571 shares during the period. Alliancebernstein L.P. grew its position in shares of Sherwin-Williams by 2.0% during the 4th quarter. Alliancebernstein L.P. now owns 4,316,000 shares of the specialty chemicals company's stock worth $1,467,138,000 after buying an additional 86,268 shares during the period. Finally, Norges Bank bought a new stake in shares of Sherwin-Williams in the 4th quarter valued at about $1,359,747,000. Institutional investors and hedge funds own 77.67% of the company's stock.

Wall Street Analysts Forecast Growth

Several research analysts recently weighed in on SHW shares. Mizuho set a $395.00 price objective on shares of Sherwin-Williams in a research note on Tuesday, April 15th. Barclays cut their target price on shares of Sherwin-Williams from $385.00 to $355.00 and set an "equal weight" rating on the stock in a report on Tuesday, April 1st. Wells Fargo & Company raised shares of Sherwin-Williams from an "equal weight" rating to an "overweight" rating and boosted their price target for the company from $350.00 to $420.00 in a report on Wednesday, April 30th. Royal Bank Of Canada upped their price objective on shares of Sherwin-Williams from $410.00 to $420.00 and gave the company an "outperform" rating in a research report on Thursday, May 1st. Finally, Citigroup lowered Sherwin-Williams from a "buy" rating to a "neutral" rating and reduced their target price for the stock from $405.00 to $385.00 in a report on Friday, June 13th. One analyst has rated the stock with a sell rating, six have assigned a hold rating, ten have given a buy rating and two have issued a strong buy rating to the company. Based on data from MarketBeat.com, Sherwin-Williams presently has an average rating of "Moderate Buy" and a consensus price target of $391.31.

Sherwin-Williams Stock Down 0.7%

NYSE:SHW opened at $350.16 on Friday. The stock has a 50-day simple moving average of $350.84 and a 200 day simple moving average of $347.99. The Sherwin-Williams Company has a 52-week low of $294.32 and a 52-week high of $400.42. The company has a market cap of $87.75 billion, a PE ratio of 33.10, a PEG ratio of 3.17 and a beta of 1.18. The company has a debt-to-equity ratio of 1.90, a quick ratio of 0.45 and a current ratio of 0.77.

Sherwin-Williams (NYSE:SHW - Get Free Report) last issued its quarterly earnings results on Tuesday, April 29th. The specialty chemicals company reported $2.25 earnings per share for the quarter, topping the consensus estimate of $2.23 by $0.02. The company had revenue of $5.31 billion during the quarter, compared to analysts' expectations of $5.42 billion. Sherwin-Williams had a net margin of 11.63% and a return on equity of 71.86%. The business's quarterly revenue was down 1.1% on a year-over-year basis. During the same period last year, the business earned $2.17 EPS. On average, sell-side analysts expect that The Sherwin-Williams Company will post 12 EPS for the current fiscal year.

Sherwin-Williams Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, June 6th. Shareholders of record on Friday, May 16th were given a dividend of $0.79 per share. The ex-dividend date was Friday, May 16th. This represents a $3.16 annualized dividend and a yield of 0.90%. Sherwin-Williams's dividend payout ratio (DPR) is presently 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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