The Sherwin-Williams Company (NYSE:SHW) Shares Sold by Keybank National Association OH

Keybank National Association OH trimmed its holdings in shares of The Sherwin-Williams Company (NYSE:SHW - Free Report) by 1.3% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 316,855 shares of the specialty chemicals company's stock after selling 4,172 shares during the quarter. Keybank National Association OH owned 0.13% of Sherwin-Williams worth $110,643,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds also recently added to or reduced their stakes in the company. Coppell Advisory Solutions LLC raised its position in shares of Sherwin-Williams by 2.7% in the 4th quarter. Coppell Advisory Solutions LLC now owns 1,146 shares of the specialty chemicals company's stock valued at $388,000 after purchasing an additional 30 shares during the last quarter. Opal Wealth Advisors LLC raised its holdings in shares of Sherwin-Williams by 4.2% in the first quarter. Opal Wealth Advisors LLC now owns 791 shares of the specialty chemicals company's stock worth $276,000 after buying an additional 32 shares during the last quarter. Ashton Thomas Securities LLC lifted its stake in shares of Sherwin-Williams by 1.5% during the fourth quarter. Ashton Thomas Securities LLC now owns 2,228 shares of the specialty chemicals company's stock worth $757,000 after buying an additional 34 shares during the period. Avantax Planning Partners Inc. grew its holdings in shares of Sherwin-Williams by 2.4% during the fourth quarter. Avantax Planning Partners Inc. now owns 1,515 shares of the specialty chemicals company's stock valued at $515,000 after buying an additional 35 shares during the last quarter. Finally, Zhang Financial LLC increased its position in shares of Sherwin-Williams by 2.2% in the 1st quarter. Zhang Financial LLC now owns 1,696 shares of the specialty chemicals company's stock valued at $592,000 after acquiring an additional 36 shares during the period. 77.67% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of research analysts have recently weighed in on the company. Bank of America increased their price objective on Sherwin-Williams from $289.00 to $296.00 and gave the company an "underperform" rating in a report on Monday, June 23rd. Citigroup downgraded shares of Sherwin-Williams from a "buy" rating to a "neutral" rating and decreased their target price for the company from $405.00 to $385.00 in a research report on Friday, June 13th. Mizuho set a $395.00 price target on Sherwin-Williams in a research report on Tuesday, April 15th. Morgan Stanley decreased their price objective on Sherwin-Williams from $405.00 to $385.00 and set an "overweight" rating for the company in a report on Tuesday, April 22nd. Finally, Wells Fargo & Company raised Sherwin-Williams from an "equal weight" rating to an "overweight" rating and raised their target price for the stock from $350.00 to $420.00 in a report on Wednesday, April 30th. One investment analyst has rated the stock with a sell rating, six have given a hold rating, ten have given a buy rating and two have given a strong buy rating to the company's stock. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus target price of $391.31.

Sherwin-Williams Price Performance

Shares of SHW stock traded down $2.69 on Wednesday, reaching $352.61. 1,330,435 shares of the company were exchanged, compared to its average volume of 1,718,372. The company has a debt-to-equity ratio of 1.90, a quick ratio of 0.45 and a current ratio of 0.77. The Sherwin-Williams Company has a 1 year low of $292.33 and a 1 year high of $400.42. The company has a market cap of $88.36 billion, a price-to-earnings ratio of 33.33, a P/E/G ratio of 3.09 and a beta of 1.18. The business has a 50-day moving average price of $350.09 and a 200 day moving average price of $348.06.

Sherwin-Williams (NYSE:SHW - Get Free Report) last posted its quarterly earnings results on Tuesday, April 29th. The specialty chemicals company reported $2.25 earnings per share for the quarter, topping the consensus estimate of $2.23 by $0.02. The firm had revenue of $5.31 billion for the quarter, compared to the consensus estimate of $5.42 billion. Sherwin-Williams had a net margin of 11.63% and a return on equity of 71.86%. The company's revenue for the quarter was down 1.1% on a year-over-year basis. During the same period last year, the firm posted $2.17 earnings per share. Equities research analysts forecast that The Sherwin-Williams Company will post 12 earnings per share for the current fiscal year.

Sherwin-Williams Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, June 6th. Stockholders of record on Friday, May 16th were given a dividend of $0.79 per share. The ex-dividend date was Friday, May 16th. This represents a $3.16 annualized dividend and a dividend yield of 0.90%. 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.