The Sherwin-Williams Company (NYSE:SHW) Shares Sold by Fishman Jay A Ltd. MI

Fishman Jay A Ltd. MI lessened its stake in The Sherwin-Williams Company (NYSE:SHW - Free Report) by 14.6% during the first quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 13,025 shares of the specialty chemicals company's stock after selling 2,222 shares during the quarter. Sherwin-Williams makes up approximately 0.5% of Fishman Jay A Ltd. MI's holdings, making the stock its 29th biggest holding. Fishman Jay A Ltd. MI's holdings in Sherwin-Williams were worth $4,548,000 at the end of the most recent reporting period.

Other institutional investors have also modified their holdings of the company. Suncoast Equity Management boosted its holdings in shares of Sherwin-Williams by 3.0% in the first quarter. Suncoast Equity Management now owns 13,497 shares of the specialty chemicals company's stock valued at $4,713,000 after acquiring an additional 398 shares in the last quarter. Praxis Investment Management Inc. bought a new position in shares of Sherwin-Williams in the first quarter valued at approximately $520,000. Cabot Wealth Management Inc. boosted its holdings in shares of Sherwin-Williams by 1.2% in the first quarter. Cabot Wealth Management Inc. now owns 8,660 shares of the specialty chemicals company's stock valued at $3,024,000 after acquiring an additional 104 shares in the last quarter. Canoe Financial LP boosted its holdings in Sherwin-Williams by 4.2% during the first quarter. Canoe Financial LP now owns 354,107 shares of the specialty chemicals company's stock worth $123,651,000 after buying an additional 14,400 shares in the last quarter. Finally, Dupont Capital Management Corp boosted its holdings in Sherwin-Williams by 7.3% during the first quarter. Dupont Capital Management Corp now owns 27,064 shares of the specialty chemicals company's stock worth $9,450,000 after buying an additional 1,837 shares in the last quarter. Institutional investors and hedge funds own 77.67% of the company's stock.

Sherwin-Williams Stock Up 0.4%

Shares of SHW stock opened at $332.89 on Friday. The company has a market capitalization of $83.42 billion, a price-to-earnings ratio of 31.46, a P/E/G ratio of 3.01 and a beta of 1.21. The Sherwin-Williams Company has a 12-month low of $292.27 and a 12-month high of $400.42. The firm has a fifty day moving average of $348.31 and a 200-day moving average of $349.76. 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 released its quarterly earnings results 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. Sherwin-Williams had a net margin of 11.63% and a return on equity of 71.86%. The business had revenue of $5.31 billion for the quarter, compared to analyst estimates of $5.42 billion. During the same period last year, the firm earned $2.17 earnings per share. Sherwin-Williams's revenue for the quarter was down 1.1% compared to the same quarter last year. As a group, equities research analysts predict that The Sherwin-Williams Company will post 12 earnings per share for the current fiscal year.

Sherwin-Williams Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, June 6th. Shareholders of record on Friday, May 16th were given a $0.79 dividend. This represents a $3.16 annualized dividend and a yield of 0.95%. The ex-dividend date of this dividend was Friday, May 16th. Sherwin-Williams's dividend payout ratio (DPR) is currently 29.87%.

Wall Street Analysts Forecast Growth

A number of brokerages recently weighed in on SHW. Barclays reduced their target price on shares of Sherwin-Williams from $385.00 to $355.00 and set an "equal weight" rating for the company in a report on Tuesday, April 1st. Jefferies Financial Group reiterated a "hold" rating and issued a $380.00 target price (down previously from $423.00) on shares of Sherwin-Williams in a research report on Monday, March 10th. Citigroup downgraded shares of Sherwin-Williams from a "buy" rating to a "neutral" rating and cut their price target for the company from $405.00 to $385.00 in a report on Friday, June 13th. Morgan Stanley dropped their target price on shares of Sherwin-Williams from $405.00 to $385.00 and set an "overweight" rating on the stock in a report on Tuesday, April 22nd. Finally, UBS Group dropped their price objective on shares of Sherwin-Williams from $430.00 to $400.00 and set a "buy" rating on the stock in a report on Monday, April 7th. Six analysts have rated the stock with a hold rating, ten have given a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average price target of $397.67.

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.

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