Braun Stacey Associates Inc. Has $2.55 Million Stock Holdings in The Sherwin-Williams Company (NYSE:SHW)

Braun Stacey Associates Inc. raised its position in shares of The Sherwin-Williams Company (NYSE:SHW - Free Report) by 46.2% in the first quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 7,310 shares of the specialty chemicals company's stock after purchasing an additional 2,310 shares during the quarter. Braun Stacey Associates Inc.'s holdings in Sherwin-Williams were worth $2,553,000 as of its most recent SEC filing.

Several other large investors have also modified their holdings of the stock. Norges Bank acquired a new stake in shares of Sherwin-Williams in the fourth quarter worth $1,359,747,000. GAMMA Investing LLC raised its holdings in shares of Sherwin-Williams by 41,717.1% during the first quarter. GAMMA Investing LLC now owns 1,636,304 shares of the specialty chemicals company's stock worth $571,381,000 after acquiring an additional 1,632,391 shares in the last quarter. Capital Research Global Investors raised its holdings in Sherwin-Williams by 47.1% during the fourth quarter. Capital Research Global Investors now owns 2,998,647 shares of the specialty chemicals company's stock valued at $1,019,329,000 after buying an additional 960,724 shares in the last quarter. Barclays PLC raised its holdings in Sherwin-Williams by 54.2% during the fourth quarter. Barclays PLC now owns 2,073,533 shares of the specialty chemicals company's stock valued at $704,855,000 after buying an additional 728,798 shares in the last quarter. Finally, Raymond James Financial Inc. bought a new position in Sherwin-Williams during the fourth quarter valued at about $230,829,000. 77.67% of the stock is owned by institutional investors.

Sherwin-Williams Trading Down 0.1%

Shares of SHW stock traded down $0.31 during trading hours on Tuesday, reaching $345.98. The company had a trading volume of 1,319,791 shares, compared to its average volume of 1,719,238. 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 Sherwin-Williams Company has a 1-year low of $297.86 and a 1-year high of $400.42. The company has a 50 day moving average of $351.46 and a 200 day moving average of $347.93. The firm has a market cap of $86.70 billion, a price-to-earnings ratio of 32.70, a P/E/G ratio of 3.11 and a beta of 1.18.

Sherwin-Williams (NYSE:SHW - Get Free Report) last released its quarterly earnings data 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 business had revenue of $5.31 billion during the quarter, compared to analysts' expectations of $5.42 billion. Sherwin-Williams had a net margin of 11.63% and a return on equity of 71.86%. The firm's quarterly revenue was down 1.1% on a year-over-year basis. During the same quarter in the prior year, the company earned $2.17 EPS. On average, equities research analysts anticipate that The Sherwin-Williams Company will post 12 EPS for the current year.

Sherwin-Williams Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, June 6th. Shareholders of record on Friday, May 16th were issued a dividend of $0.79 per share. This represents a $3.16 dividend on an annualized basis and a yield of 0.91%. The ex-dividend date was Friday, May 16th. Sherwin-Williams's dividend payout ratio (DPR) is presently 29.87%.

Analysts Set New Price Targets

Several equities research analysts have recently issued reports on SHW shares. Royal Bank Of Canada raised their price target on Sherwin-Williams from $410.00 to $420.00 and gave the company an "outperform" rating in a research report on Thursday, May 1st. Bank of America boosted their price target on Sherwin-Williams from $289.00 to $296.00 and gave the company an "underperform" rating in a research note on Monday, June 23rd. Mizuho set a $395.00 price objective on Sherwin-Williams in a research note on Tuesday, April 15th. Jefferies Financial Group reissued a "hold" rating and issued a $380.00 target price (down from $423.00) on shares of Sherwin-Williams in a report on Monday, March 10th. Finally, Citigroup downgraded Sherwin-Williams from a "buy" rating to a "neutral" rating and reduced their target price for the stock from $405.00 to $385.00 in a report on Friday, June 13th. One analyst has rated the stock with a sell rating, six have assigned a hold rating, ten have issued 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 a consensus price target 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.