The Sherwin-Williams Company (NYSE:SHW) Shares Sold by Raub Brock Capital Management LP

Raub Brock Capital Management LP decreased its holdings in shares of The Sherwin-Williams Company (NYSE:SHW - Free Report) by 5.5% during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 53,616 shares of the specialty chemicals company's stock after selling 3,148 shares during the quarter. Sherwin-Williams makes up about 4.2% of Raub Brock Capital Management LP's holdings, making the stock its 7th biggest position. Raub Brock Capital Management LP's holdings in Sherwin-Williams were worth $18,722,000 at the end of the most recent quarter.

Other hedge funds also recently modified their holdings of the company. Brighton Jones LLC boosted its holdings in shares of Sherwin-Williams by 73.6% during the 4th quarter. Brighton Jones LLC now owns 1,545 shares of the specialty chemicals company's stock worth $525,000 after buying an additional 655 shares during the period. Kingsview Wealth Management LLC grew its position in Sherwin-Williams by 11.1% in the 4th quarter. Kingsview Wealth Management LLC now owns 1,067 shares of the specialty chemicals company's stock worth $363,000 after purchasing an additional 107 shares during the last quarter. Empowered Funds LLC grew its position in Sherwin-Williams by 7.1% in the 4th quarter. Empowered Funds LLC now owns 5,610 shares of the specialty chemicals company's stock worth $1,907,000 after purchasing an additional 371 shares during the last quarter. Avestar Capital LLC grew its position in Sherwin-Williams by 22.4% in the 4th quarter. Avestar Capital LLC now owns 2,139 shares of the specialty chemicals company's stock worth $727,000 after purchasing an additional 392 shares during the last quarter. Finally, Asset Management One Co. Ltd. grew its position in Sherwin-Williams by 77.7% in the 4th quarter. Asset Management One Co. Ltd. now owns 203,682 shares of the specialty chemicals company's stock worth $69,922,000 after purchasing an additional 89,080 shares during the last quarter. Institutional investors and hedge funds own 77.67% of the company's stock.

Sherwin-Williams Stock Performance

SHW stock traded down $20.27 during trading hours on Friday, reaching $335.93. The stock had a trading volume of 2,793,639 shares, compared to its average volume of 1,725,958. The stock has a market capitalization of $84.18 billion, a PE ratio of 31.84, a price-to-earnings-growth ratio of 2.98 and a beta of 1.21. The company has a debt-to-equity ratio of 2.02, a current ratio of 0.79 and a quick ratio of 0.46. The stock has a 50-day simple moving average of $348.16 and a 200 day simple moving average of $351.64. The Sherwin-Williams Company has a fifty-two week low of $292.27 and a fifty-two week high of $400.42.

Sherwin-Williams (NYSE:SHW - Get Free Report) last announced 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. The firm had revenue of $5.31 billion during the quarter, compared to analysts' expectations of $5.42 billion. Sherwin-Williams had a net margin of 11.61% and a return on equity of 74.50%. The company's revenue for the quarter was down 1.1% compared to the same quarter last year. During the same quarter last year, the company posted $2.17 earnings per share. Analysts predict that The Sherwin-Williams Company will post 12 EPS for the current fiscal year.

Sherwin-Williams Dividend Announcement

The company also recently declared 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 0.94%. The ex-dividend date of this dividend was Friday, May 16th. Sherwin-Williams's dividend payout ratio is currently 29.87%.

Analyst Ratings Changes

A number of equities analysts have recently commented on the stock. Citigroup downgraded shares of Sherwin-Williams from a "buy" rating to a "neutral" rating and reduced their price objective for the stock from $405.00 to $385.00 in a report on Friday. Mizuho set a $395.00 price target on shares of Sherwin-Williams in a report on Tuesday, April 15th. Royal Bank of Canada boosted their price target 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. Morgan Stanley reduced their price target on shares of Sherwin-Williams from $405.00 to $385.00 and set an "overweight" rating on the stock in a research report on Tuesday, April 22nd. Finally, Jefferies Financial Group restated a "hold" rating and issued a $380.00 price target (down from $423.00) on shares of Sherwin-Williams in a research report on Monday, March 10th. Six equities research analysts have rated the stock with a hold rating, ten have issued a buy rating and two have issued a strong buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average target price of $397.67.

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.