QRG Capital Management Inc. Buys 4,742 Shares of The Sherwin-Williams Company (NYSE:SHW)

QRG Capital Management Inc. grew its stake in shares of The Sherwin-Williams Company (NYSE:SHW - Free Report) by 11.3% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 46,709 shares of the specialty chemicals company's stock after acquiring an additional 4,742 shares during the quarter. QRG Capital Management Inc.'s holdings in Sherwin-Williams were worth $16,310,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Voleon Capital Management LP bought a new position in shares of Sherwin-Williams during the fourth quarter valued at $2,011,000. Kerusso Capital Management LLC increased its holdings in shares of Sherwin-Williams by 75.9% during the fourth quarter. Kerusso Capital Management LLC now owns 10,290 shares of the specialty chemicals company's stock valued at $3,498,000 after acquiring an additional 4,439 shares in the last quarter. Empower Advisory Group LLC increased its holdings in Sherwin-Williams by 3.3% in the 4th quarter. Empower Advisory Group LLC now owns 322,925 shares of the specialty chemicals company's stock worth $109,772,000 after buying an additional 10,267 shares in the last quarter. Horizon Investments LLC increased its holdings in Sherwin-Williams by 2.7% in the 4th quarter. Horizon Investments LLC now owns 6,031 shares of the specialty chemicals company's stock worth $2,050,000 after buying an additional 161 shares in the last quarter. Finally, Wealthcare Advisory Partners LLC increased its holdings in Sherwin-Williams by 18.4% in the 1st quarter. Wealthcare Advisory Partners LLC now owns 882 shares of the specialty chemicals company's stock worth $308,000 after buying an additional 137 shares in the last quarter. 77.67% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several equities research analysts recently commented on the company. Citigroup downgraded 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 report on Friday. Wells Fargo & Company upgraded Sherwin-Williams from an "equal weight" rating to an "overweight" rating and lifted their price objective for the stock from $350.00 to $420.00 in a report on Wednesday, April 30th. Jefferies Financial Group reiterated a "hold" rating and issued a $380.00 price objective (down from $423.00) on shares of Sherwin-Williams in a report on Monday, March 10th. Royal Bank of Canada lifted their price objective on Sherwin-Williams from $410.00 to $420.00 and gave the stock an "outperform" rating in a report on Thursday, May 1st. Finally, UBS Group reduced 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. Six equities research analysts have rated the stock with a hold rating, ten have given a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $397.67.

Sherwin-Williams Stock Down 0.1%

SHW stock opened at $335.63 on Tuesday. The Sherwin-Williams Company has a twelve month low of $292.27 and a twelve month high of $400.42. The company has a quick ratio of 0.46, a current ratio of 0.79 and a debt-to-equity ratio of 2.02. The stock has a market cap of $84.11 billion, a P/E ratio of 31.81, a PEG ratio of 2.98 and a beta of 1.21. The business's 50-day moving average price is $348.60 and its 200-day moving average price is $350.91.

Sherwin-Williams (NYSE:SHW - Get Free Report) last posted its quarterly earnings data on Tuesday, April 29th. The specialty chemicals company reported $2.25 earnings per share for the quarter, beating analysts' consensus estimates of $2.23 by $0.02. Sherwin-Williams had a return on equity of 74.50% and a net margin of 11.61%. The firm had revenue of $5.31 billion for the quarter, compared to analysts' expectations of $5.42 billion. During the same period in the previous year, the firm earned $2.17 EPS. The business's quarterly revenue was down 1.1% on a year-over-year basis. On average, equities research analysts forecast that The Sherwin-Williams Company will post 12 EPS for the current year.

Sherwin-Williams Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, June 6th. Investors of record on Friday, May 16th were paid a dividend of $0.79 per share. This represents a $3.16 annualized dividend and a yield of 0.94%. The ex-dividend date of this dividend was Friday, May 16th. Sherwin-Williams's dividend payout ratio (DPR) is presently 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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