SG Americas Securities LLC Has $10.73 Million Stake in The Sherwin-Williams Company (NYSE:SHW)

SG Americas Securities LLC increased its position in shares of The Sherwin-Williams Company (NYSE:SHW - Free Report) by 100.2% during the first quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 30,716 shares of the specialty chemicals company's stock after buying an additional 15,370 shares during the quarter. SG Americas Securities LLC's holdings in Sherwin-Williams were worth $10,726,000 as of its most recent SEC filing.

A number of other hedge funds have also recently added to or reduced their stakes in SHW. Legacy Capital Wealth Partners LLC raised its position in Sherwin-Williams by 2.9% in the 4th quarter. Legacy Capital Wealth Partners LLC now owns 1,028 shares of the specialty chemicals company's stock valued at $350,000 after purchasing an additional 29 shares during the last quarter. IMS Capital Management increased its stake in Sherwin-Williams by 2.4% in the fourth quarter. IMS Capital Management now owns 1,287 shares of the specialty chemicals company's stock valued at $437,000 after purchasing an additional 30 shares during the period. Coppell Advisory Solutions LLC raised its holdings in shares of Sherwin-Williams by 2.7% in the fourth quarter. Coppell Advisory Solutions LLC now owns 1,146 shares of the specialty chemicals company's stock valued at $388,000 after buying an additional 30 shares during the last quarter. Ashton Thomas Securities LLC boosted its stake in shares of Sherwin-Williams by 1.5% during the fourth quarter. Ashton Thomas Securities LLC now owns 2,228 shares of the specialty chemicals company's stock worth $757,000 after buying an additional 34 shares during the period. Finally, WR Wealth Planners LLC boosted its stake in shares of Sherwin-Williams by 41.7% during the fourth quarter. WR Wealth Planners LLC now owns 119 shares of the specialty chemicals company's stock worth $40,000 after buying an additional 35 shares during the period. Hedge funds and other institutional investors own 77.67% of the company's stock.

Analyst Upgrades and Downgrades

Several equities analysts recently issued reports on the company. Morgan Stanley dropped their price target on Sherwin-Williams from $405.00 to $385.00 and set an "overweight" rating on the stock in a research report on Tuesday, April 22nd. Jefferies Financial Group reissued a "hold" rating and issued a $380.00 target price (down previously from $423.00) on shares of Sherwin-Williams in a report on Monday, March 10th. Mizuho set a $395.00 price target on Sherwin-Williams in a report on Tuesday, April 15th. Royal Bank of Canada lifted 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. Finally, Citigroup dropped their price objective on shares of Sherwin-Williams from $423.00 to $375.00 and set a "buy" rating on the stock in a research note on Tuesday, April 8th. Five research analysts have rated the stock with a hold rating, eleven have assigned a buy rating and two have assigned a strong buy rating to the stock. According to MarketBeat, the stock has an average rating of "Moderate Buy" and an average target price of $397.00.

Sherwin-Williams Trading Down 0.3%

Shares of NYSE:SHW traded down $0.97 during mid-day trading on Thursday, reaching $356.16. The stock had a trading volume of 888,049 shares, compared to its average volume of 1,716,906. The firm has a 50 day simple moving average of $347.05 and a two-hundred day simple moving average of $352.64. The Sherwin-Williams Company has a twelve month low of $292.27 and a twelve month high of $400.42. The firm has a market cap of $89.25 billion, a PE ratio of 33.76, a price-to-earnings-growth ratio of 2.98 and a beta of 1.21. The company has a current ratio of 0.79, a quick ratio of 0.46 and a debt-to-equity ratio of 2.02.

Sherwin-Williams (NYSE:SHW - Get Free Report) last issued its quarterly earnings results on Tuesday, April 29th. The specialty chemicals company reported $2.25 EPS 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 company had revenue of $5.31 billion for the quarter, compared to analyst estimates of $5.42 billion. During the same period in the previous year, the company posted $2.17 earnings per share. The company's quarterly revenue was down 1.1% compared to the same quarter last year. On average, research analysts predict that The Sherwin-Williams Company will post 12 EPS for the current fiscal year.

Sherwin-Williams Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, June 6th. Shareholders of record on Friday, May 16th were issued a $0.79 dividend. This represents a $3.16 dividend on an annualized basis and a yield of 0.89%. The ex-dividend date was Friday, May 16th. Sherwin-Williams's dividend payout ratio is 29.87%.

Sherwin-Williams 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.