Applied Finance Capital Management LLC Has $10.85 Million Stock Holdings in The Sherwin-Williams Company (NYSE:SHW)

Key Points

• Applied Finance Capital Management LLC significantly reduced its stake in **Sherwin-Williams** by **54.4%**, now holding **31,075 shares** valued at approximately **$10.85 million**.
• The company reported an **earnings per share (EPS)** of **$3.38**, missing the consensus estimate of **$3.76**, with a slight year-over-year revenue increase of **0.6%**.
• Sherwin-Williams declared a quarterly dividend of **$0.79**, amounting to an annualized dividend of **$3.16**, yielding **0.93%** with a payout ratio of **31.35%**.

Applied Finance Capital Management LLC trimmed its position in shares of The Sherwin-Williams Company (NYSE:SHW - Free Report) by 54.4% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 31,075 shares of the specialty chemicals company's stock after selling 37,126 shares during the period. Applied Finance Capital Management LLC's holdings in Sherwin-Williams were worth $10,851,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also modified their holdings of SHW. Brighton Jones LLC raised its holdings in shares of Sherwin-Williams by 73.6% during the fourth quarter. Brighton Jones LLC now owns 1,545 shares of the specialty chemicals company's stock worth $525,000 after acquiring an additional 655 shares in the last quarter. Modern Wealth Management LLC raised its holdings in Sherwin-Williams by 70.5% during the fourth quarter. Modern Wealth Management LLC now owns 895 shares of the specialty chemicals company's stock valued at $322,000 after buying an additional 370 shares in the last quarter. JPMorgan Chase & Co. raised its holdings in Sherwin-Williams by 28.6% during the fourth quarter. JPMorgan Chase & Co. now owns 2,032,170 shares of the specialty chemicals company's stock valued at $690,796,000 after buying an additional 451,505 shares in the last quarter. NEOS Investment Management LLC raised its holdings in Sherwin-Williams by 35.2% during the fourth quarter. NEOS Investment Management LLC now owns 13,536 shares of the specialty chemicals company's stock valued at $4,601,000 after buying an additional 3,527 shares in the last quarter. Finally, Blair William & Co. IL raised its holdings in Sherwin-Williams by 9.6% during the fourth quarter. Blair William & Co. IL now owns 42,662 shares of the specialty chemicals company's stock valued at $14,502,000 after buying an additional 3,740 shares in the last quarter. 77.67% of the stock is currently owned by hedge funds and other institutional investors.

Sherwin-Williams Trading Down 0.6%

Shares of SHW stock traded down $1.86 on Wednesday, hitting $335.11. The stock had a trading volume of 484,594 shares, compared to its average volume of 1,750,933. The Sherwin-Williams Company has a twelve month low of $308.84 and a twelve month high of $400.42. The firm has a market cap of $83.55 billion, a P/E ratio of 33.28, a PEG ratio of 3.18 and a beta of 1.18. The company has a current ratio of 0.78, a quick ratio of 0.48 and a debt-to-equity ratio of 1.78. The company has a fifty day moving average price of $347.20 and a two-hundred day moving average price of $348.22.

Sherwin-Williams (NYSE:SHW - Get Free Report) last announced its earnings results 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). The company had revenue of $6.31 billion during the quarter, compared to analyst estimates of $6.31 billion. Sherwin-Williams had a return on equity of 66.91% and a net margin of 11.03%. Sherwin-Williams's revenue for the quarter was up .6% on a year-over-year basis. During the same period in the previous year, the company posted $3.70 earnings per share. As a group, analysts forecast that The Sherwin-Williams Company will post 12 earnings per share for the current fiscal year.

Sherwin-Williams Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, September 5th. Stockholders of record on Friday, August 15th will be paid a dividend of $0.79 per share. The ex-dividend date is Friday, August 15th. This represents a $3.16 dividend on an annualized basis and a dividend yield of 0.94%. Sherwin-Williams's dividend payout ratio is 31.35%.

Analyst Ratings Changes

Several equities analysts have weighed in on SHW shares. Morgan Stanley cut their target price on Sherwin-Williams from $405.00 to $385.00 and set an "overweight" rating on the stock in a report on Tuesday, April 22nd. Royal Bank Of Canada lifted their target price on Sherwin-Williams from $410.00 to $420.00 and gave the stock an "outperform" rating in a research report on Thursday, May 1st. Bank of America raised their price target on shares of Sherwin-Williams from $289.00 to $296.00 and gave the stock an "underperform" rating in a research note on Monday, June 23rd. Wells Fargo & Company cut their price target on shares of Sherwin-Williams from $420.00 to $400.00 and set an "overweight" rating for the company in a research note on Wednesday, July 23rd. Finally, UBS Group cut their target price on shares of Sherwin-Williams from $410.00 to $395.00 and set a "buy" rating for the company in a research note on Wednesday, July 23rd. One investment analyst has rated the stock with a sell rating, six have issued a hold rating, ten have issued a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat, the company has an average rating of "Moderate Buy" and an average price target of $383.33.

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.