Confluence Investment Management LLC Sells 3,278 Shares of The Sherwin-Williams Company (NYSE:SHW)

Confluence Investment Management LLC lowered its position in shares of The Sherwin-Williams Company (NYSE:SHW - Free Report) by 4.1% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 76,912 shares of the specialty chemicals company's stock after selling 3,278 shares during the quarter. Confluence Investment Management LLC's holdings in Sherwin-Williams were worth $26,857,000 at the end of the most recent quarter.

A number of other hedge funds have also recently modified their holdings of the business. MassMutual Private Wealth & Trust FSB boosted its stake in Sherwin-Williams by 12.6% during the first quarter. MassMutual Private Wealth & Trust FSB now owns 1,439 shares of the specialty chemicals company's stock worth $502,000 after acquiring an additional 161 shares in the last quarter. Capstone Triton Financial Group LLC grew its stake in shares of Sherwin-Williams by 2.4% in the 4th quarter. Capstone Triton Financial Group LLC now owns 3,747 shares of the specialty chemicals company's stock worth $1,274,000 after buying an additional 89 shares during the last quarter. Mattson Financial Services LLC bought a new position in Sherwin-Williams during the 4th quarter valued at approximately $913,000. Siemens Fonds Invest GmbH raised its stake in Sherwin-Williams by 4.8% during the fourth quarter. Siemens Fonds Invest GmbH now owns 8,929 shares of the specialty chemicals company's stock valued at $3,025,000 after buying an additional 406 shares during the last quarter. Finally, Cim LLC boosted its holdings in Sherwin-Williams by 0.6% in the fourth quarter. Cim LLC now owns 7,328 shares of the specialty chemicals company's stock worth $2,491,000 after acquiring an additional 42 shares in the last quarter. Institutional investors own 77.67% of the company's stock.

Analysts Set New Price Targets

Several equities analysts have recently issued reports on SHW shares. Barclays lowered 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. JPMorgan Chase & Co. increased their price target on shares of Sherwin-Williams from $370.00 to $390.00 and gave the company an "overweight" rating in a report on Monday, February 3rd. UBS Group decreased their price objective on shares of Sherwin-Williams from $430.00 to $400.00 and set a "buy" rating for the company in a report on Monday, April 7th. Mizuho set a $395.00 price objective on Sherwin-Williams in a research report on Tuesday, April 15th. Finally, Royal Bank of Canada lifted their target price on Sherwin-Williams from $410.00 to $420.00 and gave the stock an "outperform" rating in a report on Thursday, May 1st. Five equities 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 stock. According to MarketBeat, Sherwin-Williams presently has an average rating of "Moderate Buy" and an average target price of $397.00.

Sherwin-Williams Stock Performance

Shares of NYSE:SHW traded up $3.08 during mid-day trading on Friday, reaching $358.83. 2,509,202 shares of the company traded hands, compared to its average volume of 1,760,236. The company's 50 day moving average price is $344.83 and its 200-day moving average price is $353.88. The firm has a market cap of $89.92 billion, a PE ratio of 34.01, a PEG ratio of 2.98 and a beta of 1.25. The Sherwin-Williams Company has a 52 week low of $282.09 and a 52 week high of $400.42. The company has a debt-to-equity ratio of 2.02, a current ratio of 0.79 and a quick ratio of 0.46.

Sherwin-Williams (NYSE:SHW - Get Free Report) last announced its quarterly earnings data on Tuesday, April 29th. The specialty chemicals company reported $2.25 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $2.23 by $0.02. The firm had revenue of $5.31 billion during the quarter, compared to analysts' expectations of $5.42 billion. Sherwin-Williams had a net margin of 11.61% and a return on equity of 74.50%. The company's revenue for the quarter was down 1.1% compared to the same quarter last year. During the same period in the prior year, the company posted $2.17 earnings per share. On average, equities analysts expect that The Sherwin-Williams Company will post 12 EPS for the current fiscal year.

Sherwin-Williams Announces Dividend

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 paid a $0.79 dividend. The ex-dividend date is Friday, May 16th. This represents a $3.16 annualized dividend and a yield of 0.88%. Sherwin-Williams's payout ratio is 29.87%.

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.