ORG Wealth Partners LLC Decreases Stock Holdings in The Sherwin-Williams Company (NYSE:SHW)

ORG Wealth Partners LLC trimmed its position in shares of The Sherwin-Williams Company (NYSE:SHW - Free Report) by 51.6% in the 1st quarter, according to the company in its most recent disclosure with the SEC. The fund owned 1,173 shares of the specialty chemicals company's stock after selling 1,251 shares during the quarter. ORG Wealth Partners LLC's holdings in Sherwin-Williams were worth $411,000 at the end of the most recent reporting period.

Several other hedge funds have also modified their holdings of the company. Vanguard Group Inc. lifted its position 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 valued at $7,422,932,000 after buying an additional 138,170 shares during the last quarter. FMR LLC lifted its position in shares of Sherwin-Williams by 1.6% during the fourth quarter. FMR LLC now owns 6,588,755 shares of the specialty chemicals company's stock valued at $2,239,715,000 after buying an additional 106,093 shares during the last quarter. Geode Capital Management LLC lifted its position in shares of Sherwin-Williams by 2.0% during the fourth quarter. Geode Capital Management LLC now owns 4,829,702 shares of the specialty chemicals company's stock valued at $1,636,679,000 after buying an additional 96,571 shares during the last quarter. Alliancebernstein L.P. lifted its position in shares of Sherwin-Williams by 2.0% during the fourth quarter. Alliancebernstein L.P. now owns 4,316,000 shares of the specialty chemicals company's stock valued at $1,467,138,000 after buying an additional 86,268 shares during the last quarter. Finally, Norges Bank purchased a new stake in shares of Sherwin-Williams during the fourth quarter valued at about $1,359,747,000. 77.67% of the stock is owned by hedge funds and other institutional investors.

Sherwin-Williams Price Performance

Shares of NYSE SHW opened at $331.08 on Thursday. The stock has a market capitalization of $82.97 billion, a price-to-earnings ratio of 31.29, a PEG ratio of 3.00 and a beta of 1.21. The Sherwin-Williams Company has a 12 month low of $292.27 and a 12 month high of $400.42. The firm's 50 day simple moving average is $348.37 and its 200-day simple moving average is $350.63. The company has a debt-to-equity ratio of 1.90, a current ratio of 0.77 and a quick ratio of 0.45.

Sherwin-Williams (NYSE:SHW - Get Free Report) last issued its quarterly earnings data 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. The business had revenue of $5.31 billion for 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 revenue was down 1.1% on a year-over-year basis. During the same quarter last year, the company earned $2.17 EPS. Analysts expect that The Sherwin-Williams Company will post 12 EPS for the current year.

Sherwin-Williams Announces Dividend

The business also recently disclosed 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. This represents a $3.16 dividend on an annualized basis and a yield of 0.95%. The ex-dividend date of this dividend was Friday, May 16th. Sherwin-Williams's dividend payout ratio is presently 29.87%.

Wall Street Analysts Forecast Growth

SHW has been the subject of several research analyst reports. Morgan Stanley decreased their price objective on shares of Sherwin-Williams from $405.00 to $385.00 and set an "overweight" rating for the company in a research report on Tuesday, April 22nd. Wells Fargo & Company raised shares of Sherwin-Williams from an "equal weight" rating to an "overweight" rating and increased their price objective for the company from $350.00 to $420.00 in a research report on Wednesday, April 30th. Citigroup lowered shares of Sherwin-Williams from a "buy" rating to a "neutral" rating and decreased their price objective for the company from $405.00 to $385.00 in a research report on Friday, June 13th. Jefferies Financial Group reaffirmed a "hold" rating and issued a $380.00 price objective (down from $423.00) on shares of Sherwin-Williams in a research report on Monday, March 10th. Finally, Royal Bank Of Canada increased 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. Six analysts have rated the stock with a hold rating, ten have given a buy rating and two have assigned a strong buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $397.67.

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.

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