The Sherwin-Williams Company (NYSE:SHW) Shares Acquired by Rhumbline Advisers

Rhumbline Advisers raised its position in The Sherwin-Williams Company (NYSE:SHW - Free Report) by 1.9% in the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 439,208 shares of the specialty chemicals company's stock after acquiring an additional 8,359 shares during the period. Rhumbline Advisers owned approximately 0.18% of Sherwin-Williams worth $153,367,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also bought and sold shares of the stock. Midwest Capital Advisors LLC purchased a new stake in Sherwin-Williams in the fourth quarter valued at approximately $26,000. Park Square Financial Group LLC purchased a new position in Sherwin-Williams in the 4th quarter valued at approximately $27,000. Lee Danner & Bass Inc. acquired a new position in shares of Sherwin-Williams in the fourth quarter worth $28,000. Sierra Ocean LLC purchased a new stake in shares of Sherwin-Williams during the fourth quarter worth $36,000. Finally, WR Wealth Planners LLC raised its stake in shares of Sherwin-Williams by 41.7% in the fourth quarter. WR Wealth Planners LLC now owns 119 shares of the specialty chemicals company's stock valued at $40,000 after acquiring an additional 35 shares in the last quarter. Institutional investors and hedge funds own 77.67% of the company's stock.

Sherwin-Williams Stock Performance

NYSE SHW traded down $2.43 on Thursday, hitting $359.79. 402,196 shares of the company's stock were exchanged, compared to its average volume of 1,731,473. The firm has a market cap of $90.16 billion, a price-to-earnings ratio of 34.09, a P/E/G ratio of 2.98 and a beta of 1.25. The firm's 50-day moving average price is $345.75 and its two-hundred day moving average price is $353.34. The Sherwin-Williams Company has a fifty-two week low of $282.09 and a fifty-two week high of $400.42. The company has a debt-to-equity ratio of 2.02, a current ratio of 0.79 and a quick ratio of 0.46.

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

Sherwin-Williams Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, June 6th. Stockholders of record on Friday, May 16th will be given a $0.79 dividend. This represents a $3.16 dividend on an annualized basis and a dividend yield of 0.88%. The ex-dividend date of this dividend is Friday, May 16th. Sherwin-Williams's dividend payout ratio is currently 29.87%.

Wall Street Analyst Weigh In

A number of equities research analysts have issued reports on the company. Wells Fargo & Company raised Sherwin-Williams from an "equal weight" rating to an "overweight" rating and increased their price target for the company from $350.00 to $420.00 in a research report on Wednesday, April 30th. Barclays lowered 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. Royal Bank of Canada raised 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. Jefferies Financial Group reaffirmed a "hold" rating and set a $380.00 price objective (down from $423.00) on shares of Sherwin-Williams in a research report on Monday, March 10th. Finally, Citigroup dropped their target price on Sherwin-Williams from $423.00 to $375.00 and set a "buy" rating on the stock in a report on Tuesday, April 8th. Five equities research analysts have rated the stock with a hold rating, eleven have given a buy rating and two have issued a strong buy rating to the company's stock. Based on data from MarketBeat.com, Sherwin-Williams presently has an average rating of "Moderate Buy" and a consensus price target of $397.00.

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.