Swiss National Bank lowered its stake in shares of The Sherwin-Williams Company (NYSE:SHW - Free Report) by 0.3% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 674,900 shares of the specialty chemicals company's stock after selling 2,100 shares during the quarter. Swiss National Bank owned about 0.27% of Sherwin-Williams worth $235,668,000 as of its most recent SEC filing.
Several other hedge funds have also recently modified their holdings of the stock. Park Square Financial Group LLC purchased a new position in shares of Sherwin-Williams in the fourth quarter worth about $27,000. Perkins Coie Trust Co purchased a new position in shares of Sherwin-Williams in the first quarter worth about $27,000. Synergy Investment Management LLC raised its stake in shares of Sherwin-Williams by 583.3% in the first quarter. Synergy Investment Management LLC now owns 82 shares of the specialty chemicals company's stock worth $29,000 after purchasing an additional 70 shares during the last quarter. Barnes Dennig Private Wealth Management LLC purchased a new position in shares of Sherwin-Williams in the first quarter worth about $30,000. Finally, HWG Holdings LP purchased a new position in shares of Sherwin-Williams in the first quarter worth about $46,000. Institutional investors and hedge funds own 77.67% of the company's stock.
Sherwin-Williams Stock Performance
NYSE:SHW traded up $2.65 during mid-day trading on Monday, reaching $354.81. 2,625,932 shares of the stock were exchanged, compared to its average volume of 1,780,246. The company has a 50 day simple moving average of $345.58 and a 200-day simple moving average of $347.80. The stock has a market capitalization of $88.47 billion, a P/E ratio of 35.20, a P/E/G ratio of 3.33 and a beta of 1.16. The company has a quick ratio of 0.48, a current ratio of 0.78 and a debt-to-equity ratio of 1.78. The Sherwin-Williams Company has a 1 year low of $308.84 and a 1 year high of $400.42.
Sherwin-Williams (NYSE:SHW - Get Free Report) last posted its quarterly earnings data on Tuesday, July 22nd. The specialty chemicals company reported $3.38 earnings per share for the quarter, missing analysts' consensus estimates of $3.76 by ($0.38). Sherwin-Williams had a return on equity of 66.91% and a net margin of 11.03%. The company had revenue of $6.31 billion for the quarter, compared to analyst estimates of $6.31 billion. During the same period in the previous year, the business posted $3.70 earnings per share. The firm's revenue was up .6% compared to the same quarter last year. Analysts anticipate that The Sherwin-Williams Company will post 12 earnings per share for the current fiscal year.
Sherwin-Williams Dividend Announcement
The business also recently disclosed a quarterly dividend, which will be paid on Friday, September 5th. Shareholders of record on Friday, August 15th will be given a dividend of $0.79 per share. This represents a $3.16 dividend on an annualized basis and a yield of 0.9%. The ex-dividend date of this dividend is Friday, August 15th. Sherwin-Williams's dividend payout ratio (DPR) is presently 31.35%.
Wall Street Analysts Forecast Growth
Several brokerages recently weighed in on SHW. Citigroup reduced their price target on Sherwin-Williams from $385.00 to $375.00 and set a "neutral" rating for the company in a research report on Wednesday, July 23rd. Bank of America lifted their price target on Sherwin-Williams from $289.00 to $296.00 and gave the stock an "underperform" rating in a research note on Monday, June 23rd. BMO Capital Markets lowered their price objective on Sherwin-Williams from $405.00 to $391.00 and set an "outperform" rating on the stock in a research note on Wednesday, July 23rd. Morgan Stanley lowered their price objective on Sherwin-Williams from $405.00 to $385.00 and set an "overweight" rating on the stock in a research note on Tuesday, April 22nd. Finally, Mizuho decreased their price target on Sherwin-Williams from $400.00 to $385.00 and set an "outperform" rating on the stock in a research note on Wednesday, July 23rd. One analyst has rated the stock with a sell rating, six have given a hold rating, ten have issued a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus target price of $383.33.
Get Our Latest Stock Analysis on Sherwin-Williams
Insiders Place Their Bets
In other Sherwin-Williams news, CAO James P. Lang sold 860 shares of the stock in a transaction that occurred on Wednesday, August 6th. The stock was sold at an average price of $350.35, for a total transaction of $301,301.00. Following the completion of the sale, the chief accounting officer directly owned 377 shares of the company's stock, valued at approximately $132,081.95. This trade represents a 69.52% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 0.60% of the company's stock.
Sherwin-Williams Company Profile
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Free Report)
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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