Astoria Portfolio Advisors LLC. trimmed its position in shares of The Sherwin-Williams Company (NYSE:SHW - Free Report) by 22.2% during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 2,998 shares of the specialty chemicals company's stock after selling 856 shares during the quarter. Astoria Portfolio Advisors LLC.'s holdings in Sherwin-Williams were worth $993,000 at the end of the most recent quarter.
Several other large investors have also recently added to or reduced their stakes in SHW. Brighton Jones LLC lifted its holdings in shares of Sherwin-Williams by 73.6% in the 4th quarter. Brighton Jones LLC now owns 1,545 shares of the specialty chemicals company's stock valued at $525,000 after buying an additional 655 shares during the period. SVB Wealth LLC acquired a new stake in Sherwin-Williams in the fourth quarter valued at $374,000. WR Wealth Planners LLC boosted its position in shares of Sherwin-Williams by 41.7% during the 4th quarter. WR Wealth Planners LLC now owns 119 shares of the specialty chemicals company's stock worth $40,000 after purchasing an additional 35 shares in the last quarter. Fisher Asset Management LLC grew its stake in shares of Sherwin-Williams by 3.6% during the 4th quarter. Fisher Asset Management LLC now owns 7,717 shares of the specialty chemicals company's stock worth $2,624,000 after purchasing an additional 270 shares during the period. Finally, Smartleaf Asset Management LLC increased its holdings in shares of Sherwin-Williams by 15.3% in the 4th quarter. Smartleaf Asset Management LLC now owns 2,636 shares of the specialty chemicals company's stock valued at $893,000 after purchasing an additional 350 shares in the last quarter. 77.67% of the stock is owned by hedge funds and other institutional investors.
Sherwin-Williams Trading Down 0.7%
Shares of SHW traded down $2.36 on Friday, hitting $350.16. 1,088,732 shares of the stock traded hands, compared to its average volume of 1,716,156. The Sherwin-Williams Company has a 1 year low of $294.32 and a 1 year high of $400.42. The stock's 50 day moving average is $351.21 and its two-hundred day moving average is $347.91. The firm has a market capitalization of $87.75 billion, a P/E ratio of 33.10, a P/E/G ratio of 3.18 and a beta of 1.18. The company has a quick ratio of 0.45, a current ratio of 0.77 and a debt-to-equity ratio of 1.90.
Sherwin-Williams (NYSE:SHW - Get Free Report) last issued its quarterly earnings results on Tuesday, April 29th. The specialty chemicals company reported $2.25 earnings per share 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 analyst estimates of $5.42 billion. Sherwin-Williams had a return on equity of 71.86% and a net margin of 11.63%. The business's revenue for the quarter was down 1.1% compared to the same quarter last year. During the same quarter in the prior year, the company posted $2.17 EPS. As a group, sell-side analysts predict that The Sherwin-Williams Company will post 12 earnings per share for the current year.
Sherwin-Williams Dividend Announcement
The business also recently disclosed a quarterly dividend, which was paid on Friday, June 6th. Stockholders of record on Friday, May 16th were paid a dividend of $0.79 per share. This represents a $3.16 dividend on an annualized basis and a dividend yield of 0.90%. The ex-dividend date was Friday, May 16th. Sherwin-Williams's dividend payout ratio is currently 29.87%.
Wall Street Analysts Forecast Growth
SHW has been the topic of a number of research analyst reports. Citigroup downgraded shares of Sherwin-Williams from a "buy" rating to a "neutral" rating and decreased their price objective for the stock from $405.00 to $385.00 in a report on Friday, June 13th. Barclays decreased their price target on 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. Jefferies Financial Group reaffirmed a "hold" rating and issued a $380.00 price objective (down from $423.00) on shares of Sherwin-Williams in a research note on Monday, March 10th. Bank of America boosted their target price on Sherwin-Williams from $289.00 to $296.00 and gave the stock an "underperform" rating in a research report on Monday, June 23rd. Finally, Mizuho set a $395.00 target price on Sherwin-Williams in a report on Tuesday, April 15th. 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 issued a strong buy rating to the stock. According to MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus target price of $391.31.
Check Out Our Latest Report on SHW
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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