The Sherwin-Williams Company (NYSE:SHW) Shares Bought by Metis Global Partners LLC

Key Points

• Metis Global Partners LLC increased its holdings in Sherwin-Williams by 10.4% in Q1, now owning 31,917 shares worth approximately $11.1 million.
• Several institutional investors, including Coppell Advisory Solutions LLC and Opal Wealth Advisors LLC, have also increased their stakes in Sherwin-Williams recently, indicating growing interest in the company.
• Sherwin-Williams reported a quarterly EPS of $3.38, missing estimates, while the company has declared a quarterly dividend of $0.79 per share to be paid on September 5th.

Metis Global Partners LLC raised its stake in shares of The Sherwin-Williams Company (NYSE:SHW - Free Report) by 10.4% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 31,917 shares of the specialty chemicals company's stock after purchasing an additional 3,015 shares during the period. Metis Global Partners LLC's holdings in Sherwin-Williams were worth $11,145,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the stock. FMR LLC raised its holdings in Sherwin-Williams by 1.6% in the 4th quarter. FMR LLC now owns 6,588,755 shares of the specialty chemicals company's stock valued at $2,239,715,000 after acquiring an additional 106,093 shares during the last quarter. Geode Capital Management LLC lifted its stake in Sherwin-Williams by 2.0% in the 4th quarter. Geode Capital Management LLC now owns 4,829,702 shares of the specialty chemicals company's stock worth $1,636,679,000 after purchasing an additional 96,571 shares in the last quarter. Alliancebernstein L.P. lifted its stake in Sherwin-Williams by 2.0% in the 4th quarter. Alliancebernstein L.P. now owns 4,316,000 shares of the specialty chemicals company's stock worth $1,467,138,000 after purchasing an additional 86,268 shares in the last quarter. Capital Research Global Investors lifted its stake in Sherwin-Williams by 47.1% in the 4th quarter. Capital Research Global Investors now owns 2,998,647 shares of the specialty chemicals company's stock worth $1,019,329,000 after purchasing an additional 960,724 shares in the last quarter. Finally, Northern Trust Corp lifted its stake in Sherwin-Williams by 28.0% in the 4th quarter. Northern Trust Corp now owns 2,725,827 shares of the specialty chemicals company's stock worth $926,590,000 after purchasing an additional 595,586 shares in the last quarter. 77.67% of the stock is owned by hedge funds and other institutional investors.

Sherwin-Williams Trading Up 0.3%

NYSE:SHW traded up $0.89 during trading hours on Tuesday, reaching $337.05. 1,511,701 shares of the stock were exchanged, compared to its average volume of 1,708,786. 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 business has a 50-day moving average of $347.64 and a two-hundred day moving average of $348.30. The Sherwin-Williams Company has a twelve month low of $308.84 and a twelve month high of $400.42. The company has a market capitalization of $84.04 billion, a price-to-earnings ratio of 33.44, a PEG ratio of 3.18 and a beta of 1.18.

Sherwin-Williams (NYSE:SHW - Get Free Report) last announced its quarterly earnings data on Tuesday, July 22nd. The specialty chemicals company reported $3.38 earnings per share for the quarter, missing analysts' consensus estimates of $3.76 by ($0.38). The business had revenue of $6.31 billion during the quarter, compared to analyst estimates of $6.31 billion. Sherwin-Williams had a net margin of 11.03% and a return on equity of 66.91%. The company's revenue for the quarter was up .6% on a year-over-year basis. During the same quarter last year, the firm posted $3.70 EPS. On average, equities analysts predict that The Sherwin-Williams Company will post 12 EPS for the current year.

Sherwin-Williams Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, September 5th. Investors of record on Friday, August 15th will be issued a $0.79 dividend. This represents a $3.16 dividend on an annualized basis and a dividend yield of 0.94%. The ex-dividend date is Friday, August 15th. Sherwin-Williams's dividend payout ratio (DPR) is currently 31.35%.

Analyst Upgrades and Downgrades

A number of research analysts have weighed in on the stock. Loop Capital decreased their target price on shares of Sherwin-Williams from $395.00 to $380.00 and set a "buy" rating on the stock in a research note on Wednesday, July 23rd. BMO Capital Markets decreased their target price on shares of Sherwin-Williams from $405.00 to $391.00 and set an "outperform" rating on the stock in a research note on Wednesday, July 23rd. Morgan Stanley reduced their target price on shares of Sherwin-Williams from $405.00 to $385.00 and set an "overweight" rating on the stock in a research note on Tuesday, April 22nd. Barclays reduced their target price on shares of Sherwin-Williams from $385.00 to $355.00 and set an "equal weight" rating on the stock in a research note on Tuesday, April 1st. Finally, Citigroup reduced their target price on shares of Sherwin-Williams from $385.00 to $375.00 and set a "neutral" rating on the stock in a research note on Wednesday, July 23rd. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating, ten have assigned a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, Sherwin-Williams currently has an average rating of "Moderate Buy" and a consensus price target of $383.33.

About Sherwin-Williams

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.