The Sherwin-Williams Company (NYSE:SHW) Shares Sold by Lbp Am Sa

Lbp Am Sa cut its stake in The Sherwin-Williams Company (NYSE:SHW - Free Report) by 8.8% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 55,428 shares of the specialty chemicals company's stock after selling 5,359 shares during the period. Lbp Am Sa's holdings in Sherwin-Williams were worth $19,355,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently bought and sold shares of SHW. Perkins Coie Trust Co acquired a new position in Sherwin-Williams during the first quarter worth $27,000. Park Square Financial Group LLC purchased a new position in Sherwin-Williams in the 4th quarter valued at about $27,000. Lee Danner & Bass Inc. purchased a new position in shares of Sherwin-Williams during the 4th quarter valued at approximately $28,000. Synergy Investment Management LLC lifted its position in shares of Sherwin-Williams by 583.3% during the first quarter. Synergy Investment Management LLC now owns 82 shares of the specialty chemicals company's stock worth $29,000 after purchasing an additional 70 shares during the last quarter. Finally, Barnes Dennig Private Wealth Management LLC bought a new position in Sherwin-Williams during the first quarter worth $30,000. 77.67% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

SHW has been the topic of a number of research reports. UBS Group dropped their price target on Sherwin-Williams from $430.00 to $400.00 and set a "buy" rating on the stock in a research report on Monday, April 7th. Citigroup downgraded shares of Sherwin-Williams from a "buy" rating to a "neutral" rating and cut their price objective for the company from $405.00 to $385.00 in a research report on Friday, June 13th. Barclays dropped their price target on shares of 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. Wells Fargo & Company upgraded Sherwin-Williams from an "equal weight" rating to an "overweight" rating and boosted their price objective for the stock from $350.00 to $420.00 in a research report on Wednesday, April 30th. Finally, Mizuho set a $395.00 target price on Sherwin-Williams in a research report on Tuesday, April 15th. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating, ten have assigned a buy rating and two have issued a strong buy rating to the company's stock. Based on data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus price target of $391.31.

Sherwin-Williams Price Performance

NYSE:SHW opened at $345.98 on Wednesday. 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 stock has a fifty day moving average of $351.46 and a 200 day moving average of $347.93. The Sherwin-Williams Company has a 52-week low of $297.86 and a 52-week high of $400.42. The firm has a market capitalization of $86.70 billion, a price-to-earnings ratio of 32.70, a P/E/G ratio of 3.11 and a beta of 1.18.

Sherwin-Williams (NYSE:SHW - Get Free Report) last posted its quarterly earnings results on Tuesday, April 29th. The specialty chemicals company reported $2.25 EPS for the quarter, beating 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 company had revenue of $5.31 billion during the quarter, compared to analyst estimates of $5.42 billion. During the same period in the prior year, the business posted $2.17 EPS. The firm's revenue was down 1.1% compared to the same quarter last year. On average, research analysts expect that The Sherwin-Williams Company will post 12 EPS for the current fiscal year.

Sherwin-Williams Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, June 6th. Investors of record on Friday, May 16th were issued a $0.79 dividend. This represents a $3.16 annualized dividend and a yield of 0.91%. The ex-dividend date was Friday, May 16th. Sherwin-Williams's dividend payout ratio is currently 29.87%.

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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