Spear Holdings RSC Ltd Takes Position in The Sherwin-Williams Company (NYSE:SHW)

Spear Holdings RSC Ltd bought a new stake in shares of The Sherwin-Williams Company (NYSE:SHW - Free Report) during the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The firm bought 249,500 shares of the specialty chemicals company's stock, valued at approximately $87,123,000. Sherwin-Williams accounts for approximately 6.7% of Spear Holdings RSC Ltd's holdings, making the stock its 4th largest position. Spear Holdings RSC Ltd owned approximately 0.10% of Sherwin-Williams as of its most recent SEC filing.

Other large investors have also recently bought and sold shares of the company. Norges Bank acquired a new position in shares of Sherwin-Williams in the 4th quarter worth approximately $1,359,747,000. GAMMA Investing LLC grew its stake in shares of Sherwin-Williams by 41,717.1% in the 1st quarter. GAMMA Investing LLC now owns 1,636,304 shares of the specialty chemicals company's stock worth $571,381,000 after purchasing an additional 1,632,391 shares during the last quarter. Capital Research Global Investors grew its stake in shares of Sherwin-Williams by 47.1% in the 4th quarter. Capital Research Global Investors now owns 2,998,647 shares of the specialty chemicals company's stock worth $1,019,329,000 after purchasing an additional 960,724 shares during the last quarter. Barclays PLC grew its stake in shares of Sherwin-Williams by 54.2% in the 4th quarter. Barclays PLC now owns 2,073,533 shares of the specialty chemicals company's stock worth $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 in the 4th quarter worth approximately $230,829,000. Institutional investors and hedge funds own 77.67% of the company's stock.

Sherwin-Williams Stock Down 0.1%

Shares of SHW stock traded down $0.31 during trading on Tuesday, hitting $345.98. 1,319,791 shares of the company were exchanged, compared to its average volume of 1,719,238. The company has a debt-to-equity ratio of 1.90, a quick ratio of 0.45 and a current ratio of 0.77. The firm has a market capitalization of $86.70 billion, a price-to-earnings ratio of 32.70, a P/E/G ratio of 3.11 and a beta of 1.18. The business's 50-day simple moving average is $351.46 and its 200 day simple moving average is $347.93. The Sherwin-Williams Company has a twelve month low of $297.86 and a twelve month high of $400.42.

Sherwin-Williams (NYSE:SHW - Get Free Report) last posted its quarterly earnings results 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. The business had revenue of $5.31 billion during the quarter, compared to analysts' expectations of $5.42 billion. Sherwin-Williams had a net margin of 11.63% and a return on equity of 71.86%. The firm's quarterly revenue was down 1.1% compared to the same quarter last year. During the same period last year, the company posted $2.17 earnings per share. As a group, analysts forecast that The Sherwin-Williams Company will post 12 EPS for the current fiscal year.

Sherwin-Williams Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, June 6th. Shareholders of record on Friday, May 16th were paid a $0.79 dividend. This represents a $3.16 dividend on an annualized basis and a yield of 0.91%. The ex-dividend date was Friday, May 16th. Sherwin-Williams's dividend payout ratio (DPR) is presently 29.87%.

Wall Street Analysts Forecast Growth

Several equities analysts have recently issued reports on SHW shares. Mizuho set a $395.00 price objective on shares of Sherwin-Williams in a research note on Tuesday, April 15th. UBS Group lowered their price objective on shares of Sherwin-Williams from $430.00 to $400.00 and set a "buy" rating on the stock in a research note on Monday, April 7th. Wells Fargo & Company upgraded shares of Sherwin-Williams from an "equal weight" rating to an "overweight" rating and raised their target price for the stock from $350.00 to $420.00 in a report on Wednesday, April 30th. Barclays decreased their target price 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. Finally, Bank of America raised their target price on shares of Sherwin-Williams from $289.00 to $296.00 and gave the stock an "underperform" rating in a report on Monday, June 23rd. One research analyst has rated the stock with a sell rating, six have assigned a hold rating, ten have issued a buy rating and two have given a strong buy rating to the stock. Based on data from MarketBeat, Sherwin-Williams has an average rating of "Moderate Buy" and a consensus price target 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.