The Sherwin-Williams Company (NYSE:SHW) Shares Sold by Goldman Sachs Group Inc.

Goldman Sachs Group Inc. lowered its position in shares of The Sherwin-Williams Company (NYSE:SHW - Free Report) by 1.3% in the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 2,020,270 shares of the specialty chemicals company's stock after selling 27,123 shares during the period. Goldman Sachs Group Inc. owned approximately 0.81% of Sherwin-Williams worth $705,458,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also recently added to or reduced their stakes in the company. Brighton Jones LLC lifted its position in Sherwin-Williams by 73.6% in the fourth 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 last quarter. Invesco Ltd. lifted its holdings in shares of Sherwin-Williams by 1.0% in the 4th quarter. Invesco Ltd. now owns 1,285,346 shares of the specialty chemicals company's stock worth $436,928,000 after acquiring an additional 12,602 shares during the last quarter. FIL Ltd boosted its position in shares of Sherwin-Williams by 42.7% during the 4th quarter. FIL Ltd now owns 174,620 shares of the specialty chemicals company's stock worth $59,359,000 after purchasing an additional 52,227 shares during the period. Greenland Capital Management LP acquired a new stake in Sherwin-Williams in the 4th quarter valued at approximately $544,000. Finally, Advisory Services Network LLC raised its position in Sherwin-Williams by 37.5% in the fourth quarter. Advisory Services Network LLC now owns 16,073 shares of the specialty chemicals company's stock valued at $5,464,000 after purchasing an additional 4,384 shares during the period. 77.67% of the stock is currently owned by institutional investors and hedge funds.

Sherwin-Williams Stock Performance

Shares of Sherwin-Williams stock opened at $350.83 on Thursday. The firm has a market capitalization of $87.47 billion, a P/E ratio of 34.80, a P/E/G ratio of 3.33 and a beta of 1.16. The company has a quick ratio of 0.48, a current ratio of 0.78 and a debt-to-equity ratio of 1.78. The Sherwin-Williams Company has a 52 week low of $308.84 and a 52 week high of $400.42. The firm's 50 day moving average is $345.83 and its two-hundred day moving average is $348.05.

Sherwin-Williams (NYSE:SHW - Get Free Report) last issued its quarterly earnings data on Tuesday, July 22nd. The specialty chemicals company reported $3.38 earnings per share (EPS) for the quarter, missing the consensus estimate of $3.76 by ($0.38). The firm had revenue of $6.31 billion for the quarter, compared to analysts' expectations of $6.31 billion. Sherwin-Williams had a return on equity of 66.91% and a net margin of 11.03%. The business's revenue for the quarter was up .6% compared to the same quarter last year. During the same period in the previous year, the business posted $3.70 EPS. Research analysts forecast that The Sherwin-Williams Company will post 12 EPS for the current fiscal year.

Sherwin-Williams Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, September 5th. Shareholders of record on Friday, August 15th will be given a dividend of $0.79 per share. This represents a $3.16 annualized dividend and a yield of 0.9%. The ex-dividend date of this dividend is Friday, August 15th. Sherwin-Williams's dividend payout ratio (DPR) is presently 31.35%.

Wall Street Analyst Weigh In

Several research analysts have recently commented on SHW shares. Royal Bank Of Canada raised their price target on Sherwin-Williams from $410.00 to $420.00 and gave the stock an "outperform" rating in a research report on Thursday, May 1st. Mizuho dropped their target price on Sherwin-Williams from $400.00 to $385.00 and set an "outperform" rating for the company in a research report on Wednesday, July 23rd. JPMorgan Chase & Co. reduced their price target on shares of Sherwin-Williams from $390.00 to $378.00 and set an "overweight" rating on the stock in a research report on Wednesday, July 23rd. BMO Capital Markets dropped their price objective on shares of Sherwin-Williams from $405.00 to $391.00 and set an "outperform" rating for the company in a report on Wednesday, July 23rd. Finally, Citigroup reduced their target price on shares of Sherwin-Williams from $385.00 to $375.00 and set a "neutral" rating on the stock in a report on Wednesday, July 23rd. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating, ten have given a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average target price of $383.33.

About Sherwin-Williams

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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