Spear Holdings RSC Ltd Invests $87.12 Million in The Sherwin-Williams Company (NYSE:SHW)

Spear Holdings RSC Ltd acquired a new stake in The Sherwin-Williams Company (NYSE:SHW - Free Report) in the 1st quarter, according to its most recent filing with the SEC. The fund acquired 249,500 shares of the specialty chemicals company's stock, valued at approximately $87,123,000. Sherwin-Williams accounts for about 6.7% of Spear Holdings RSC Ltd's investment portfolio, making the stock its 4th biggest holding. Spear Holdings RSC Ltd owned about 0.10% of Sherwin-Williams as of its most recent SEC filing.

Other institutional investors have also recently bought and sold shares of the company. Coppell Advisory Solutions LLC raised its stake in Sherwin-Williams by 2.7% in the 4th quarter. Coppell Advisory Solutions LLC now owns 1,146 shares of the specialty chemicals company's stock valued at $388,000 after acquiring an additional 30 shares during the period. Opal Wealth Advisors LLC raised its position in shares of Sherwin-Williams by 4.2% during the first quarter. Opal Wealth Advisors LLC now owns 791 shares of the specialty chemicals company's stock worth $276,000 after acquiring an additional 32 shares during the last quarter. Ashton Thomas Securities LLC raised its position 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 acquiring an additional 34 shares during the last quarter. Avantax Planning Partners Inc. raised its position in shares of Sherwin-Williams by 2.4% during the fourth quarter. Avantax Planning Partners Inc. now owns 1,515 shares of the specialty chemicals company's stock worth $515,000 after acquiring an additional 35 shares during the last quarter. Finally, Zhang Financial LLC lifted its stake in Sherwin-Williams by 2.2% in the first quarter. Zhang Financial LLC now owns 1,696 shares of the specialty chemicals company's stock valued at $592,000 after buying an additional 36 shares during the period. Institutional investors own 77.67% of the company's stock.

Sherwin-Williams Stock Down 0.7%

NYSE:SHW traded down $2.36 during trading hours on Friday, reaching $350.16. 1,088,732 shares of the company traded hands, compared to its average volume of 1,718,639. The business's 50-day moving average price is $351.21 and its two-hundred day moving average price is $347.90. The stock has a market capitalization of $87.75 billion, a P/E ratio of 33.10, a P/E/G ratio of 3.18 and a beta of 1.18. The Sherwin-Williams Company has a 1 year low of $296.40 and a 1 year high of $400.42. The company has a current ratio of 0.77, a quick ratio of 0.45 and a debt-to-equity ratio of 1.90.

Sherwin-Williams (NYSE:SHW - Get Free Report) last issued its quarterly earnings data on Tuesday, April 29th. The specialty chemicals company reported $2.25 EPS for the quarter, topping the consensus estimate of $2.23 by $0.02. Sherwin-Williams had a return on equity of 71.86% and a net margin of 11.63%. The company had revenue of $5.31 billion during the quarter, compared to analyst estimates of $5.42 billion. During the same quarter in the previous year, the company posted $2.17 earnings per share. Sherwin-Williams's revenue was down 1.1% compared to the same quarter last year. Analysts predict that The Sherwin-Williams Company will post 12 earnings per share for the current year.

Sherwin-Williams Dividend Announcement

The business also recently declared 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. This represents a $3.16 annualized dividend and a yield of 0.90%. The ex-dividend date was Friday, May 16th. Sherwin-Williams's dividend payout ratio is presently 29.87%.

Wall Street Analyst Weigh In

Several equities research analysts have recently commented on SHW shares. Mizuho set a $395.00 price objective on Sherwin-Williams in a report on Tuesday, April 15th. Citigroup cut Sherwin-Williams from a "buy" rating to a "neutral" rating and dropped their price target for the company from $405.00 to $385.00 in a research report on Friday, June 13th. Jefferies Financial Group reissued a "hold" rating and set a $380.00 price objective (down previously from $423.00) on shares of Sherwin-Williams in a report on Monday, March 10th. Royal Bank Of Canada raised their target price on shares of Sherwin-Williams from $410.00 to $420.00 and gave the company an "outperform" rating in a research note on Thursday, May 1st. Finally, Bank of America raised their price objective on Sherwin-Williams from $289.00 to $296.00 and gave the company an "underperform" rating in a report on Monday, June 23rd. One investment analyst has rated the stock with a sell rating, six have issued a hold rating, ten have assigned a buy rating and two have assigned a strong buy rating to the company's stock. Based on data from MarketBeat, Sherwin-Williams presently has an average rating of "Moderate Buy" and an average target price of $391.31.

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.