Obermeyer Wealth Partners Trims Holdings in The Sherwin-Williams Company (NYSE:SHW)

Obermeyer Wealth Partners reduced its stake in shares of The Sherwin-Williams Company (NYSE:SHW - Free Report) by 4.8% in the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 73,861 shares of the specialty chemicals company's stock after selling 3,698 shares during the period. Sherwin-Williams accounts for approximately 1.4% of Obermeyer Wealth Partners' investment portfolio, making the stock its 27th biggest position. Obermeyer Wealth Partners' holdings in Sherwin-Williams were worth $25,791,000 as of its most recent SEC filing.

Several other large investors have also bought and sold shares of SHW. Brighton Jones LLC raised its position in Sherwin-Williams by 73.6% during the 4th quarter. Brighton Jones LLC now owns 1,545 shares of the specialty chemicals company's stock worth $525,000 after purchasing an additional 655 shares during the last quarter. Proficio Capital Partners LLC raised its position in shares of Sherwin-Williams by 22.5% in the 4th quarter. Proficio Capital Partners LLC now owns 1,411 shares of the specialty chemicals company's stock worth $479,000 after acquiring an additional 259 shares in the last quarter. Lee Danner & Bass Inc. bought a new position in shares of Sherwin-Williams in the 4th quarter worth about $28,000. Quantbot Technologies LP raised its position in shares of Sherwin-Williams by 53.4% in the 4th quarter. Quantbot Technologies LP now owns 3,449 shares of the specialty chemicals company's stock worth $1,172,000 after acquiring an additional 1,201 shares in the last quarter. Finally, Virtu Financial LLC bought a new position in shares of Sherwin-Williams in the 4th quarter worth about $871,000. 77.67% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several research analysts have recently weighed in on SHW shares. Citigroup lowered their price objective on Sherwin-Williams from $385.00 to $375.00 and set a "neutral" rating for the company in a research report on Wednesday. Barclays reduced their target price on Sherwin-Williams from $385.00 to $355.00 and set an "equal weight" rating for the company in a research note on Tuesday, April 1st. Mizuho reduced their target price on Sherwin-Williams from $400.00 to $385.00 and set an "outperform" rating for the company in a research note on Wednesday. Bank of America raised their target price on Sherwin-Williams from $289.00 to $296.00 and gave the company an "underperform" rating in a research note on Monday, June 23rd. Finally, Loop Capital reduced their target price on Sherwin-Williams from $395.00 to $380.00 and set a "buy" rating for the company in a research note on Wednesday. One research analyst has rated the stock with a sell rating, six have assigned a hold rating, ten have assigned a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus price target of $383.33.

Sherwin-Williams Stock Down 0.3%

SHW stock traded down $1.09 during mid-day trading on Friday, reaching $339.12. 570,890 shares of the company traded hands, compared to its average volume of 1,751,104. The stock has a market cap of $84.98 billion, a price-to-earnings ratio of 33.62, a P/E/G ratio of 3.25 and a beta of 1.18. The company has a quick ratio of 0.45, a current ratio of 0.78 and a debt-to-equity ratio of 1.78. The Sherwin-Williams Company has a fifty-two week low of $308.84 and a fifty-two week high of $400.42. The firm's 50 day moving average price is $348.62 and its 200 day moving average price is $348.06.

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

Sherwin-Williams Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, September 5th. Stockholders of record on Friday, August 15th will be paid a $0.79 dividend. The ex-dividend date is Friday, August 15th. This represents a $3.16 dividend on an annualized basis and a dividend yield of 0.93%. Sherwin-Williams's payout ratio is presently 31.35%.

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.