Robertson Stephens Wealth Management LLC Sells 823 Shares of The Sherwin-Williams Company (NYSE:SHW)

Robertson Stephens Wealth Management LLC trimmed its stake in The Sherwin-Williams Company (NYSE:SHW - Free Report) by 12.9% during the first quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 5,558 shares of the specialty chemicals company's stock after selling 823 shares during the period. Robertson Stephens Wealth Management LLC's holdings in Sherwin-Williams were worth $1,941,000 at the end of the most recent reporting period.

A number of other institutional investors have also made changes to their positions in the stock. Norges Bank acquired a new position in Sherwin-Williams in the 4th quarter valued at $1,359,747,000. GAMMA Investing LLC boosted its holdings in Sherwin-Williams by 41,717.1% during the first quarter. GAMMA Investing LLC now owns 1,636,304 shares of the specialty chemicals company's stock valued at $571,381,000 after acquiring an additional 1,632,391 shares during the period. Capital Research Global Investors grew its position in shares of Sherwin-Williams by 47.1% in the fourth quarter. Capital Research Global Investors now owns 2,998,647 shares of the specialty chemicals company's stock valued at $1,019,329,000 after purchasing an additional 960,724 shares during the last quarter. Barclays PLC grew its position in shares of Sherwin-Williams by 54.2% in the fourth quarter. Barclays PLC now owns 2,073,533 shares of the specialty chemicals company's stock valued at $704,855,000 after purchasing an additional 728,798 shares during the last quarter. Finally, Raymond James Financial Inc. acquired a new position in shares of Sherwin-Williams during the 4th quarter worth about $230,829,000. 77.67% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of research firms have issued reports on SHW. UBS Group lowered their target price on Sherwin-Williams from $430.00 to $400.00 and set a "buy" rating on the stock in a report on Monday, April 7th. Wells Fargo & Company upgraded shares of Sherwin-Williams from an "equal weight" rating to an "overweight" rating and raised their price objective for the stock from $350.00 to $420.00 in a research note on Wednesday, April 30th. Morgan Stanley cut their target price on shares of Sherwin-Williams from $405.00 to $385.00 and set an "overweight" rating for the company in a research note on Tuesday, April 22nd. Citigroup downgraded shares of Sherwin-Williams from a "buy" rating to a "neutral" rating and reduced their price target for the company from $405.00 to $385.00 in a report on Friday, June 13th. Finally, Mizuho set a $395.00 price objective on shares of Sherwin-Williams in a report on Tuesday, April 15th. 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 stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $397.67.

Sherwin-Williams Stock Down 1.4%

Shares of SHW opened at $330.91 on Wednesday. The company has a quick ratio of 0.45, a current ratio of 0.77 and a debt-to-equity ratio of 1.90. The company has a 50-day moving average price of $348.48 and a two-hundred day moving average price of $350.77. The stock has a market cap of $82.93 billion, a price-to-earnings ratio of 31.28, a P/E/G ratio of 3.05 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.

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 (EPS) for the quarter, topping analysts' consensus estimates of $2.23 by $0.02. The business had revenue of $5.31 billion during the quarter, compared to analysts' expectations of $5.42 billion. Sherwin-Williams had a return on equity of 71.86% and a net margin of 11.63%. Sherwin-Williams's quarterly revenue was down 1.1% compared to the same quarter last year. During the same period in the prior year, the firm posted $2.17 EPS. Equities analysts predict that The Sherwin-Williams Company will post 12 EPS for the current fiscal 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 issued a dividend of $0.79 per share. The ex-dividend date of this dividend was Friday, May 16th. This represents a $3.16 dividend on an annualized basis and a dividend yield of 0.95%. Sherwin-Williams's payout ratio 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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