OneAscent Financial Services LLC Raises Stock Position in The Sherwin-Williams Company (NYSE:SHW)

OneAscent Financial Services LLC grew its holdings in The Sherwin-Williams Company (NYSE:SHW - Free Report) by 86.5% in the first quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 4,432 shares of the specialty chemicals company's stock after buying an additional 2,055 shares during the period. OneAscent Financial Services LLC's holdings in Sherwin-Williams were worth $1,552,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also made changes to their positions in the company. Vanguard Group Inc. lifted its holdings in shares of Sherwin-Williams by 0.6% in the 4th quarter. Vanguard Group Inc. now owns 21,836,648 shares of the specialty chemicals company's stock worth $7,422,932,000 after acquiring an additional 138,170 shares during the last quarter. FMR LLC lifted its holdings in shares of Sherwin-Williams by 1.6% in the 4th quarter. FMR LLC now owns 6,588,755 shares of the specialty chemicals company's stock worth $2,239,715,000 after acquiring an additional 106,093 shares during the last quarter. Geode Capital Management LLC lifted its holdings in shares of 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 worth $1,636,679,000 after acquiring an additional 96,571 shares during the last quarter. Alliancebernstein L.P. lifted its holdings in shares of Sherwin-Williams by 2.0% in 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 acquiring an additional 86,268 shares during the last quarter. Finally, Norges Bank bought a new stake in shares of Sherwin-Williams in the 4th quarter worth about $1,359,747,000. 77.67% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several equities research analysts have recently issued reports on SHW shares. Morgan Stanley lowered their target price on shares of Sherwin-Williams from $405.00 to $385.00 and set an "overweight" rating for the company in a report on Tuesday, April 22nd. Royal Bank Of Canada lifted their price objective on shares of Sherwin-Williams from $410.00 to $420.00 and gave the company an "outperform" rating in a report on Thursday, May 1st. Mizuho set a $395.00 price objective on shares of Sherwin-Williams in a report on Tuesday, April 15th. Wells Fargo & Company upgraded shares of Sherwin-Williams from an "equal weight" rating to an "overweight" rating and lifted their price objective for the company from $350.00 to $420.00 in a report on Wednesday, April 30th. Finally, Barclays decreased their price objective on shares of Sherwin-Williams from $385.00 to $355.00 and set an "equal weight" rating for the company in a report on Tuesday, April 1st. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating, ten have assigned a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $391.94.

Sherwin-Williams Trading Down 0.0%

NYSE SHW opened at $339.88 on Monday. The company's 50-day simple moving average is $349.79 and its two-hundred day simple moving average is $348.09. The company has a debt-to-equity ratio of 1.90, a quick ratio of 0.45 and a current ratio of 0.77. The Sherwin-Williams Company has a one year low of $308.84 and a one year high of $400.42. The company has a market capitalization of $85.17 billion, a price-to-earnings ratio of 32.12, a price-to-earnings-growth ratio of 3.06 and a beta of 1.18.

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

Sherwin-Williams Announces Dividend

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