Robeco Institutional Asset Management B.V. Trims Stake in The Sherwin-Williams Company (NYSE:SHW)

Robeco Institutional Asset Management B.V. reduced its stake in The Sherwin-Williams Company (NYSE:SHW - Free Report) by 6.2% during the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 15,567 shares of the specialty chemicals company's stock after selling 1,021 shares during the quarter. Robeco Institutional Asset Management B.V.'s holdings in Sherwin-Williams were worth $5,436,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors also recently made changes to their positions in the stock. Value Partners Investments Inc. grew its position in Sherwin-Williams by 9.1% during the 1st quarter. Value Partners Investments Inc. now owns 7,294 shares of the specialty chemicals company's stock valued at $2,549,000 after purchasing an additional 611 shares during the last quarter. Sequoia Financial Advisors LLC grew its holdings in shares of Sherwin-Williams by 54.4% during the first quarter. Sequoia Financial Advisors LLC now owns 152,602 shares of the specialty chemicals company's stock valued at $53,287,000 after buying an additional 53,765 shares during the last quarter. Pure Financial Advisors LLC increased its position in shares of Sherwin-Williams by 2.8% during the first quarter. Pure Financial Advisors LLC now owns 8,365 shares of the specialty chemicals company's stock valued at $2,921,000 after acquiring an additional 229 shares in the last quarter. Alpine Bank Wealth Management purchased a new position in Sherwin-Williams in the 1st quarter worth approximately $262,000. Finally, Saybrook Capital NC lifted its position in Sherwin-Williams by 0.6% in the 1st quarter. Saybrook Capital NC now owns 57,089 shares of the specialty chemicals company's stock valued at $19,935,000 after acquiring an additional 346 shares in the last quarter. Hedge funds and other institutional investors own 77.67% of the company's stock.

Wall Street Analyst Weigh In

A number of research analysts have recently issued reports on the company. Morgan Stanley lowered their price target on Sherwin-Williams from $405.00 to $385.00 and set an "overweight" rating on the stock in a report on Tuesday, April 22nd. Citigroup cut shares of Sherwin-Williams from a "buy" rating to a "neutral" rating and lowered their target price for the company from $405.00 to $385.00 in a research note on Friday, June 13th. Mizuho set a $395.00 price target on shares of Sherwin-Williams in a research note on Tuesday, April 15th. Jefferies Financial Group reissued a "hold" rating and set a $380.00 price target (down from $423.00) on shares of Sherwin-Williams in a report on Monday, March 10th. Finally, Bank of America lifted their price objective on Sherwin-Williams from $289.00 to $296.00 and gave the stock an "underperform" rating in a report on Monday, June 23rd. One analyst has rated the stock with a sell rating, six have assigned a hold rating, ten have given a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $391.31.

Sherwin-Williams Price Performance

Sherwin-Williams stock traded down $2.36 during midday trading on Friday, reaching $350.16. 1,088,732 shares of the stock traded hands, compared to its average volume of 1,716,156. The stock has a market cap of $87.75 billion, a P/E ratio of 33.10, a PEG ratio of 3.17 and a beta of 1.18. The Sherwin-Williams Company has a 12 month low of $294.32 and a 12 month high of $400.42. The stock's fifty day moving average is $350.84 and its 200-day moving average is $347.99. The company has a quick ratio of 0.45, a current ratio of 0.77 and a debt-to-equity ratio of 1.90.

Sherwin-Williams (NYSE:SHW - Get Free Report) last announced its quarterly 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 11.63% and a return on equity of 71.86%. The company had revenue of $5.31 billion for the quarter, compared to analysts' expectations of $5.42 billion. During the same quarter in the previous year, the business posted $2.17 earnings per share. Sherwin-Williams's quarterly revenue was down 1.1% on a year-over-year basis. As a group, equities research analysts anticipate that The Sherwin-Williams Company will post 12 EPS for the current year.

Sherwin-Williams Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, June 6th. Investors of record on Friday, May 16th were issued a $0.79 dividend. This represents a $3.16 dividend on an annualized basis and a dividend yield of 0.90%. The ex-dividend date of this dividend was Friday, May 16th. Sherwin-Williams's payout ratio is 29.87%.

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.