KBC Group NV Has $67.06 Million Holdings in The Sherwin-Williams Company (NYSE:SHW)

KBC Group NV lifted its holdings in shares of The Sherwin-Williams Company (NYSE:SHW - Free Report) by 104.4% in the first quarter, according to its most recent filing with the SEC. The firm owned 192,049 shares of the specialty chemicals company's stock after acquiring an additional 98,105 shares during the period. KBC Group NV owned approximately 0.08% of Sherwin-Williams worth $67,062,000 as of its most recent filing with the SEC.

Several other institutional investors have also made changes to their positions in the business. Voleon Capital Management LP acquired a new position in shares of Sherwin-Williams in the 4th quarter worth approximately $2,011,000. Kingswood Wealth Advisors LLC boosted its stake in shares of Sherwin-Williams by 25.0% in the 1st quarter. Kingswood Wealth Advisors LLC now owns 1,006 shares of the specialty chemicals company's stock valued at $352,000 after purchasing an additional 201 shares in the last quarter. Sowell Financial Services LLC bought a new stake in shares of Sherwin-Williams in the 1st quarter worth about $306,000. Wealthcare Advisory Partners LLC increased its position in shares of Sherwin-Williams by 18.4% during the 1st quarter. Wealthcare Advisory Partners LLC now owns 882 shares of the specialty chemicals company's stock worth $308,000 after purchasing an additional 137 shares in the last quarter. Finally, Horizon Investments LLC lifted its holdings in Sherwin-Williams by 2.7% during the 4th quarter. Horizon Investments LLC now owns 6,031 shares of the specialty chemicals company's stock valued at $2,050,000 after purchasing an additional 161 shares during the last quarter. 77.67% of the stock is currently owned by institutional investors and hedge funds.

Sherwin-Williams Trading Down 0.7%

Shares of Sherwin-Williams stock traded down $2.36 during trading on Thursday, hitting $350.16. 1,088,732 shares of the company were exchanged, compared to its average volume of 1,713,331. The company has a debt-to-equity ratio of 1.90, a current ratio of 0.77 and a quick ratio of 0.45. The firm has a market capitalization of $87.75 billion, a P/E ratio of 33.10, a price-to-earnings-growth ratio of 3.19 and a beta of 1.18. The firm's fifty day moving average price is $350.52 and its 200 day moving average price is $348.10. The Sherwin-Williams Company has a 1-year low of $293.56 and a 1-year high of $400.42.

Sherwin-Williams (NYSE:SHW - Get Free Report) last issued its earnings results on Tuesday, April 29th. The specialty chemicals company reported $2.25 EPS for the quarter, beating the consensus estimate of $2.23 by $0.02. The firm had revenue of $5.31 billion during the quarter, compared to the consensus estimate of $5.42 billion. Sherwin-Williams had a net margin of 11.63% and a return on equity of 71.86%. The business's quarterly revenue was down 1.1% on a year-over-year basis. During the same quarter in the prior year, the firm earned $2.17 earnings per share. As a group, sell-side analysts expect that The Sherwin-Williams Company will post 12 earnings per share for the current fiscal year.

Sherwin-Williams Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, June 6th. Investors of record on Friday, May 16th were paid a dividend of $0.79 per share. This represents a $3.16 annualized dividend and a yield of 0.90%. The ex-dividend date of this dividend was Friday, May 16th. Sherwin-Williams's payout ratio is presently 29.87%.

Analyst Upgrades and Downgrades

Several analysts have recently weighed in on the stock. Morgan Stanley dropped their price objective on shares of Sherwin-Williams from $405.00 to $385.00 and set an "overweight" rating for the company in a report on Tuesday, April 22nd. Barclays dropped their price target on Sherwin-Williams from $385.00 to $355.00 and set an "equal weight" rating for the company in a report on Tuesday, April 1st. Bank of America boosted their price objective on Sherwin-Williams from $289.00 to $296.00 and gave the stock an "underperform" rating in a research note on Monday, June 23rd. Jefferies Financial Group restated a "hold" rating and issued a $380.00 target price (down from $423.00) on shares of Sherwin-Williams in a research note on Monday, March 10th. Finally, UBS Group reduced their price target on shares of Sherwin-Williams from $430.00 to $400.00 and set a "buy" rating on the stock in a research report on Monday, April 7th. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating, ten have given a buy rating and two have given a strong buy rating to the company. According to MarketBeat, Sherwin-Williams has a consensus rating of "Moderate Buy" and an average target price of $391.31.

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.