The Sherwin-Williams Company (NYSE:SHW) Shares Bought by Czech National Bank

Czech National Bank boosted its position in The Sherwin-Williams Company (NYSE:SHW - Free Report) by 5.9% in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 53,219 shares of the specialty chemicals company's stock after purchasing an additional 2,980 shares during the period. Czech National Bank's holdings in Sherwin-Williams were worth $18,584,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. Midwest Capital Advisors LLC purchased a new stake in shares of Sherwin-Williams in the 4th quarter worth about $26,000. Park Square Financial Group LLC purchased a new position in Sherwin-Williams during the 4th quarter valued at about $27,000. Lee Danner & Bass Inc. acquired a new position in Sherwin-Williams during the fourth quarter worth about $28,000. Sierra Ocean LLC purchased a new stake in shares of Sherwin-Williams in the fourth quarter valued at about $36,000. Finally, WR Wealth Planners LLC grew its position in shares of Sherwin-Williams by 41.7% in the fourth quarter. WR Wealth Planners LLC now owns 119 shares of the specialty chemicals company's stock valued at $40,000 after purchasing an additional 35 shares during the last quarter. 77.67% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several brokerages recently issued reports on SHW. Morgan Stanley cut their price objective on Sherwin-Williams from $405.00 to $385.00 and set an "overweight" rating for the company in a research report on Tuesday, April 22nd. Barclays dropped their price target on Sherwin-Williams from $385.00 to $355.00 and set an "equal weight" rating for the company in a research report on Tuesday, April 1st. Wells Fargo & Company upgraded Sherwin-Williams from an "equal weight" rating to an "overweight" rating and lifted their price objective for the stock from $350.00 to $420.00 in a research report on Wednesday, April 30th. Citigroup reduced their target price on shares of Sherwin-Williams from $423.00 to $375.00 and set a "buy" rating on the stock in a report on Tuesday, April 8th. Finally, Mizuho set a $395.00 price target on shares of Sherwin-Williams in a research note on Tuesday, April 15th. Five research analysts have rated the stock with a hold rating, eleven have given a buy rating and two have given a strong buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus price target of $397.00.

Sherwin-Williams Trading Down 1.2%

Shares of SHW stock traded down $4.48 on Thursday, reaching $357.74. 1,438,744 shares of the stock were exchanged, compared to its average volume of 1,735,994. The Sherwin-Williams Company has a 1-year low of $282.09 and a 1-year high of $400.42. The stock has a market cap of $89.65 billion, a P/E ratio of 33.91, a price-to-earnings-growth ratio of 2.98 and a beta of 1.25. The company has a quick ratio of 0.46, a current ratio of 0.79 and a debt-to-equity ratio of 2.02. The firm has a 50 day moving average of $345.92 and a two-hundred day moving average of $353.22.

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, topping analysts' consensus estimates of $2.23 by $0.02. The company had revenue of $5.31 billion for the quarter, compared to the consensus estimate of $5.42 billion. Sherwin-Williams had a return on equity of 74.50% and a net margin of 11.61%. The company's quarterly revenue was down 1.1% compared to the same quarter last year. During the same period last year, the business posted $2.17 EPS. On average, research analysts anticipate that The Sherwin-Williams Company will post 12 EPS for the current year.

Sherwin-Williams Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, June 6th. Shareholders of record on Friday, May 16th will be given a dividend of $0.79 per share. The ex-dividend date is Friday, May 16th. This represents a $3.16 dividend on an annualized basis and a yield of 0.88%. Sherwin-Williams's dividend payout ratio (DPR) is 29.87%.

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.