The Sherwin-Williams Company (NYSE:SHW) Shares Sold by Oppenheimer Asset Management Inc.

Oppenheimer Asset Management Inc. trimmed its stake in The Sherwin-Williams Company (NYSE:SHW - Free Report) by 63.9% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 10,273 shares of the specialty chemicals company's stock after selling 18,162 shares during the period. Oppenheimer Asset Management Inc.'s holdings in Sherwin-Williams were worth $3,587,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also added to or reduced their stakes in SHW. Perkins Coie Trust Co bought a new stake in shares of Sherwin-Williams during the first quarter valued at approximately $27,000. Park Square Financial Group LLC bought a new stake in Sherwin-Williams during the 4th quarter valued at $27,000. Lee Danner & Bass Inc. bought a new stake in Sherwin-Williams during the 4th quarter valued at $28,000. WR Wealth Planners LLC lifted its holdings in shares of Sherwin-Williams by 41.7% in the 4th quarter. WR Wealth Planners LLC now owns 119 shares of the specialty chemicals company's stock worth $40,000 after buying an additional 35 shares during the period. Finally, HWG Holdings LP bought a new position in shares of Sherwin-Williams during the 1st quarter worth $46,000. 77.67% of the stock is currently owned by institutional investors.

Sherwin-Williams Stock Up 1.6%

Shares of SHW stock traded up $5.49 during trading hours on Friday, reaching $347.36. 230,262 shares of the company's stock were exchanged, compared to its average volume of 1,746,083. The Sherwin-Williams Company has a 1 year low of $292.33 and a 1 year high of $400.42. The company has a current ratio of 0.77, a quick ratio of 0.45 and a debt-to-equity ratio of 1.90. The stock has a market cap of $87.05 billion, a PE ratio of 32.83, a PEG ratio of 3.09 and a beta of 1.21. The stock's fifty day moving average price is $348.96 and its two-hundred day moving average price is $348.63.

Sherwin-Williams (NYSE:SHW - Get Free Report) last released its earnings results on Tuesday, April 29th. The specialty chemicals company reported $2.25 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 company had revenue of $5.31 billion during the quarter, compared to analysts' expectations of $5.42 billion. During the same period last year, the business earned $2.17 EPS. Sherwin-Williams's revenue for the quarter was down 1.1% on a year-over-year basis. Research analysts predict that The Sherwin-Williams Company will post 12 EPS for the current year.

Sherwin-Williams Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, June 6th. Investors of record on Friday, May 16th were given a $0.79 dividend. This represents a $3.16 annualized dividend and a dividend yield of 0.91%. The ex-dividend date was Friday, May 16th. Sherwin-Williams's payout ratio is 29.87%.

Analysts Set New Price Targets

SHW has been the subject of several recent research reports. UBS Group decreased their price objective on Sherwin-Williams from $430.00 to $400.00 and set a "buy" rating for the company in a report on Monday, April 7th. Barclays reduced their price target 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. Bank of America upped their price target on shares of Sherwin-Williams from $289.00 to $296.00 and gave the stock an "underperform" rating in a research report on Monday. Citigroup downgraded shares of Sherwin-Williams from a "buy" rating to a "neutral" rating and reduced their price objective for the stock from $405.00 to $385.00 in a research note on Friday, June 13th. Finally, Jefferies Financial Group reaffirmed a "hold" rating and set a $380.00 target price (down previously from $423.00) on shares of Sherwin-Williams in a research report on Monday, March 10th. One analyst has rated the stock with a sell rating, six have given a hold rating, ten have given a buy rating and two have assigned a strong buy rating to the company's stock. Based on data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average price target of $391.31.

Sherwin-Williams Company 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.