Iyo Bank Ltd. raised its stake in The Sherwin-Williams Company (NYSE:SHW - Free Report) by 23.1% in the 1st quarter, according to its most recent disclosure with the SEC. The fund owned 15,160 shares of the specialty chemicals company's stock after purchasing an additional 2,840 shares during the quarter. Sherwin-Williams accounts for 1.7% of Iyo Bank Ltd.'s portfolio, making the stock its 23rd biggest position. Iyo Bank Ltd.'s holdings in Sherwin-Williams were worth $5,294,000 as of its most recent filing with the SEC.
Other institutional investors have also added to or reduced their stakes in the company. Park Square Financial Group LLC purchased a new stake in shares of Sherwin-Williams in the fourth quarter worth $27,000. Perkins Coie Trust Co purchased a new stake in shares of Sherwin-Williams in the first quarter worth $27,000. Synergy Investment Management LLC grew its stake 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 worth $29,000 after acquiring 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 worth $30,000. Finally, HWG Holdings LP purchased a new stake in shares of Sherwin-Williams in the first quarter worth $46,000. Institutional investors own 77.67% of the company's stock.
Sherwin-Williams Price Performance
NYSE:SHW traded down $0.60 during trading hours on Friday, reaching $364.18. The stock had a trading volume of 1,785,133 shares, compared to its average volume of 1,797,688. The company has a debt-to-equity ratio of 1.78, a quick ratio of 0.48 and a current ratio of 0.78. The Sherwin-Williams Company has a 52 week low of $308.84 and a 52 week high of $400.42. The company has a 50 day moving average price of $345.87 and a two-hundred day moving average price of $348.00. The stock has a market capitalization of $90.80 billion, a PE ratio of 36.13, a PEG ratio of 3.49 and a beta of 1.16.
Sherwin-Williams (NYSE:SHW - Get Free Report) last released its quarterly earnings data 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 firm had revenue of $6.31 billion during the quarter, compared to the consensus estimate of $6.31 billion. Sherwin-Williams had a return on equity of 66.91% and a net margin of 11.03%. The business's revenue was up .6% compared to the same quarter last year. During the same period in the previous year, the firm earned $3.70 EPS. As a group, sell-side analysts anticipate that The Sherwin-Williams Company will post 12 earnings per share for the current fiscal year.
Sherwin-Williams Announces Dividend
The business also recently announced a quarterly dividend, which will be paid on Friday, September 5th. Stockholders of record on Friday, August 15th will be issued a $0.79 dividend. The ex-dividend date is Friday, August 15th. This represents a $3.16 dividend on an annualized basis and a dividend yield of 0.9%. Sherwin-Williams's payout ratio is 31.35%.
Insider Activity at Sherwin-Williams
In other news, CAO James P. Lang sold 860 shares of Sherwin-Williams stock in a transaction that occurred on Wednesday, August 6th. The stock was sold at an average price of $350.35, for a total value of $301,301.00. Following the completion of the transaction, the chief accounting officer owned 377 shares in the company, valued at approximately $132,081.95. The trade was a 69.52% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 0.60% of the company's stock.
Wall Street Analyst Weigh In
SHW has been the topic of a number of recent research reports. Wells Fargo & Company cut their target price on Sherwin-Williams from $420.00 to $400.00 and set an "overweight" rating on the stock in a research note on Wednesday, July 23rd. Morgan Stanley dropped their price objective on Sherwin-Williams from $405.00 to $385.00 and set an "overweight" rating on the stock in a research report on Tuesday, April 22nd. Loop Capital dropped their price objective on Sherwin-Williams from $395.00 to $380.00 and set a "buy" rating on the stock in a research report on Wednesday, July 23rd. BMO Capital Markets dropped their price objective on Sherwin-Williams from $405.00 to $391.00 and set an "outperform" rating on the stock in a research report on Wednesday, July 23rd. Finally, Mizuho dropped their price objective on Sherwin-Williams from $400.00 to $385.00 and set an "outperform" rating on the stock in a research report on Wednesday, July 23rd. Seven investment analysts have rated the stock with a hold rating, ten have given a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $388.60.
Read Our Latest Analysis on Sherwin-Williams
About Sherwin-Williams
(
Free Report)
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.
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