The Sherwin-Williams Company (NYSE:SHW) Shares Bought by Scotia Capital Inc.

Key Points

• Scotia Capital Inc. increased its holdings in The Sherwin-Williams Company by 42.9%, owning a total of 62,921 shares worth about $21.97 million at the close of the last reporting period.
• The company reported quarterly earnings of $3.38 per share, missing analysts' expectations of $3.76, while revenues were stable at $6.31 billion.
• Sherwin-Williams recently announced a quarterly dividend of $0.79 per share, yielding approximately 0.9% annually, with a dividend payout ratio of 31.35%.

Scotia Capital Inc. increased its holdings in The Sherwin-Williams Company (NYSE:SHW - Free Report) by 42.9% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 62,921 shares of the specialty chemicals company's stock after buying an additional 18,899 shares during the quarter. Scotia Capital Inc.'s holdings in Sherwin-Williams were worth $21,971,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently bought and sold shares of SHW. GAMMA Investing LLC increased its holdings in Sherwin-Williams by 41,717.1% in the 1st quarter. GAMMA Investing LLC now owns 1,636,304 shares of the specialty chemicals company's stock worth $571,381,000 after buying an additional 1,632,391 shares during the period. Capital Research Global Investors increased its holdings 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 buying an additional 960,724 shares during the period. Barclays PLC increased its holdings in Sherwin-Williams by 54.2% in the 4th quarter. Barclays PLC now owns 2,073,533 shares of the specialty chemicals company's stock worth $704,855,000 after buying an additional 728,798 shares during the period. Northern Trust Corp increased its holdings 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 buying an additional 595,586 shares during the period. Finally, Universal Beteiligungs und Servicegesellschaft mbH acquired a new position in Sherwin-Williams in the 4th quarter worth approximately $103,359,000. Institutional investors and hedge funds own 77.67% of the company's stock.

Sherwin-Williams Price Performance

Sherwin-Williams stock opened at $344.04 on Friday. The company's fifty day moving average price is $346.15 and its 200 day moving average price is $348.09. The Sherwin-Williams Company has a 1 year low of $308.84 and a 1 year high of $400.42. The stock has a market capitalization of $85.78 billion, a P/E ratio of 34.13, a P/E/G ratio of 3.25 and a beta of 1.16. The company has a debt-to-equity ratio of 1.78, a quick ratio of 0.48 and a current ratio of 0.78.

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 firm 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 company's revenue for the quarter was up .6% on a year-over-year basis. During the same quarter in the previous year, the business posted $3.70 EPS. As a group, equities research analysts anticipate that The Sherwin-Williams Company will post 12 earnings per share for the current fiscal year.

Sherwin-Williams Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, September 5th. Shareholders 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 yield of 0.9%. Sherwin-Williams's dividend payout ratio (DPR) is presently 31.35%.

Analysts Set New Price Targets

A number of brokerages have recently commented on SHW. BMO Capital Markets dropped their price objective 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. Loop Capital dropped their price objective 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. Mizuho dropped their price objective on shares of Sherwin-Williams from $400.00 to $385.00 and set an "outperform" rating on the stock in a research note on Wednesday, July 23rd. Royal Bank Of Canada raised their price objective on shares of Sherwin-Williams from $410.00 to $420.00 and gave the stock an "outperform" rating in a research note on Thursday, May 1st. Finally, Citigroup dropped their price objective 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 issued a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, Sherwin-Williams currently has a consensus rating of "Moderate Buy" and an average 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.

Want to see what other hedge funds are holding SHW? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for The Sherwin-Williams Company (NYSE:SHW - Free Report).

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.