OneAscent Wealth Management LLC decreased its position in The Sherwin-Williams Company (NYSE:SHW - Free Report) by 56.7% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 1,470 shares of the specialty chemicals company's stock after selling 1,928 shares during the period. OneAscent Wealth Management LLC's holdings in Sherwin-Williams were worth $513,000 at the end of the most recent quarter.
Other hedge funds have also recently added to or reduced their stakes in the company. Norges Bank acquired a new position in Sherwin-Williams in the 4th quarter valued at $1,359,747,000. GAMMA Investing LLC raised its holdings in Sherwin-Williams by 41,717.1% in the 1st quarter. GAMMA Investing LLC now owns 1,636,304 shares of the specialty chemicals company's stock valued at $571,381,000 after acquiring an additional 1,632,391 shares in the last quarter. Capital Research Global Investors raised its holdings in Sherwin-Williams by 47.1% in the 4th quarter. Capital Research Global Investors now owns 2,998,647 shares of the specialty chemicals company's stock valued at $1,019,329,000 after acquiring an additional 960,724 shares in the last quarter. Barclays PLC raised its holdings in Sherwin-Williams by 54.2% in the 4th quarter. Barclays PLC now owns 2,073,533 shares of the specialty chemicals company's stock valued at $704,855,000 after acquiring an additional 728,798 shares in the last quarter. Finally, Northern Trust Corp raised its holdings in Sherwin-Williams by 28.0% in the 4th quarter. Northern Trust Corp now owns 2,725,827 shares of the specialty chemicals company's stock valued at $926,590,000 after acquiring an additional 595,586 shares in the last quarter. Institutional investors and hedge funds own 77.67% of the company's stock.
Sherwin-Williams Stock Performance
Shares of NYSE SHW traded down $0.25 during midday trading on Tuesday, hitting $341.05. 3,896,872 shares of the stock traded hands, compared to its average volume of 1,722,769. The Sherwin-Williams Company has a one year low of $308.84 and a one year high of $400.42. The firm has a 50-day moving average of $349.79 and a two-hundred day moving average of $348.09. The firm has a market capitalization of $85.47 billion, a P/E ratio of 32.24, a PEG ratio of 3.06 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 data on Tuesday, July 22nd. The specialty chemicals company reported $3.38 earnings per share for the quarter, missing analysts' consensus estimates of $3.75 by ($0.37). The firm had revenue of $6.31 billion for the quarter, compared to analysts' expectations of $6.31 billion. Sherwin-Williams had a net margin of 11.63% and a return on equity of 71.86%. The company's revenue for the quarter was up .6% on a year-over-year basis. During the same quarter in the previous year, the business earned $3.70 EPS. On average, equities analysts forecast that The Sherwin-Williams Company will post 12 EPS for the current fiscal year.
Sherwin-Williams Dividend Announcement
The company also recently disclosed a quarterly dividend, which will be paid on Friday, September 5th. Shareholders of record on Friday, August 15th will be paid a $0.79 dividend. This represents a $3.16 annualized dividend and a yield of 0.93%. The ex-dividend date is Friday, August 15th. Sherwin-Williams's payout ratio is currently 29.87%.
Analyst Upgrades and Downgrades
SHW has been the subject of a number of recent research reports. Royal Bank Of Canada upped their target price on Sherwin-Williams from $410.00 to $420.00 and gave the stock an "outperform" rating in a report on Thursday, May 1st. Mizuho set a $395.00 target price on Sherwin-Williams in a report on Tuesday, April 15th. Bank of America upped their target price on Sherwin-Williams from $289.00 to $296.00 and gave the stock an "underperform" rating in a report on Monday, June 23rd. UBS Group upped their price target on Sherwin-Williams from $398.00 to $410.00 and gave the company a "buy" rating in a research report on Wednesday, July 9th. Finally, Citigroup lowered Sherwin-Williams from a "buy" rating to a "neutral" rating and reduced their price target for the company from $405.00 to $385.00 in a research report on Friday, June 13th. One analyst has rated the stock with a sell rating, six have given a hold rating, ten have issued a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and an average price target of $391.94.
Check Out Our Latest Research Report on SHW
Sherwin-Williams Profile
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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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