The Sherwin-Williams Company (NYSE:SHW) Shares Acquired by Jensen Investment Management Inc.

Key Points

• Jensen Investment Management Inc. increased its stake in Sherwin-Williams by 8.9% in Q1, owning 581,472 shares valued at approximately $203 million.
• Recent quarterly earnings showed Sherwin-Williams reported an EPS of $3.38, missing analysts' expectations and reflecting a 0.6% year-over-year revenue growth.
• Institutional investors hold 77.67% of Sherwin-Williams' stock, with various firms adjusting their price targets down, resulting in a consensus rating of "Moderate Buy."

Jensen Investment Management Inc. grew its stake in The Sherwin-Williams Company (NYSE:SHW - Free Report) by 8.9% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 581,472 shares of the specialty chemicals company's stock after buying an additional 47,410 shares during the period. Sherwin-Williams accounts for 2.2% of Jensen Investment Management Inc.'s investment portfolio, making the stock its 19th largest holding. Jensen Investment Management Inc. owned about 0.23% of Sherwin-Williams worth $203,044,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also modified their holdings of the company. Perkins Coie Trust Co purchased a new stake in shares of Sherwin-Williams in the first quarter valued at about $27,000. Park Square Financial Group LLC purchased a new stake in shares of Sherwin-Williams in the fourth quarter valued at about $27,000. Synergy Investment Management LLC raised its holdings 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 valued at $29,000 after buying an additional 70 shares during the last quarter. Barnes Dennig Private Wealth Management LLC purchased a new stake in shares of Sherwin-Williams in the first quarter valued at about $30,000. Finally, HWG Holdings LP purchased a new stake in shares of Sherwin-Williams in the first quarter valued at about $46,000. Institutional investors and hedge funds own 77.67% of the company's stock.

Sherwin-Williams Stock Performance

Shares of SHW opened at $351.86 on Wednesday. The company has a 50-day simple moving average of $345.90 and a 200-day simple moving average of $348.04. 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 company has a market capitalization of $87.73 billion, a PE ratio of 34.91, a P/E/G ratio of 3.29 and a beta of 1.16. The Sherwin-Williams Company has a 52-week low of $308.84 and a 52-week high of $400.42.

Sherwin-Williams (NYSE:SHW - Get Free Report) last announced its quarterly earnings results on Tuesday, July 22nd. The specialty chemicals company reported $3.38 earnings per share (EPS) 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 analysts' expectations of $6.31 billion. Sherwin-Williams had a net margin of 11.03% and a return on equity of 66.91%. The business's revenue for the quarter was up .6% compared to the same quarter last year. During the same quarter in the prior year, the business earned $3.70 EPS. Equities research analysts predict that The Sherwin-Williams Company will post 12 earnings per share for the current fiscal year.

Sherwin-Williams Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, September 5th. Shareholders of record on Friday, August 15th will be issued a dividend of $0.79 per share. This represents a $3.16 annualized dividend and a yield of 0.9%. The ex-dividend date is Friday, August 15th. Sherwin-Williams's dividend payout ratio (DPR) is 31.35%.

Analysts Set New Price Targets

SHW has been the subject of a number of research reports. Citigroup reduced their target price on shares of Sherwin-Williams from $385.00 to $375.00 and set a "neutral" rating for the company in a report on Wednesday, July 23rd. Wells Fargo & Company reduced their target price 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. Loop Capital reduced their target price on shares of Sherwin-Williams from $395.00 to $380.00 and set a "buy" rating for the company in a research note on Wednesday, July 23rd. BMO Capital Markets reduced their target price on shares of Sherwin-Williams from $405.00 to $391.00 and set an "outperform" rating for the company in a research note on Wednesday, July 23rd. Finally, UBS Group reduced 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 given a strong buy rating to the company's stock. According to data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $383.33.

Sherwin-Williams Company 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.