Lbp Am Sa Sells 5,359 Shares of The Sherwin-Williams Company (NYSE:SHW)

LBP AM SA lowered its position in shares of The Sherwin-Williams Company (NYSE:SHW - Free Report) by 8.8% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. 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 at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in SHW. Park Square Financial Group LLC bought a new stake in Sherwin-Williams during the fourth quarter worth about $27,000. Perkins Coie Trust Co purchased a new position in shares of Sherwin-Williams in the first quarter worth about $27,000. Lee Danner & Bass Inc. purchased a new position in shares of Sherwin-Williams in the fourth quarter worth about $28,000. Synergy Investment Management LLC increased its holdings in shares of Sherwin-Williams by 583.3% in the first quarter. Synergy Investment Management LLC now owns 82 shares of the specialty chemicals company's stock worth $29,000 after buying an additional 70 shares during the period. Finally, Barnes Dennig Private Wealth Management LLC purchased a new position in shares of Sherwin-Williams in the first quarter worth about $30,000. Institutional investors own 77.67% of the company's stock.

Sherwin-Williams Stock Up 0.1%

Shares of SHW stock traded up $0.26 during midday trading on Thursday, reaching $351.80. 1,216,367 shares of the stock were exchanged, compared to its average volume of 1,722,700. The Sherwin-Williams Company has a 1 year low of $306.63 and a 1 year high of $400.42. The company's 50 day moving average is $351.40 and its two-hundred day moving average is $348.01. The company has a current ratio of 0.77, a quick ratio of 0.45 and a debt-to-equity ratio of 1.90. The firm has a market cap of $88.16 billion, a PE ratio of 33.25, a price-to-earnings-growth ratio of 3.16 and a beta of 1.18.

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

Sherwin-Williams Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, June 6th. Shareholders of record on Friday, May 16th were issued a dividend of $0.79 per share. The ex-dividend date of this dividend was Friday, May 16th. This represents a $3.16 dividend on an annualized basis and a dividend yield of 0.90%. Sherwin-Williams's dividend payout ratio (DPR) is 29.87%.

Wall Street Analysts Forecast Growth

Several research analysts have recently commented on the company. UBS Group lifted their price objective on Sherwin-Williams from $398.00 to $410.00 and gave the stock a "buy" rating in a report on Wednesday. Royal Bank Of Canada lifted their price objective on Sherwin-Williams from $410.00 to $420.00 and gave the stock an "outperform" rating in a report on Thursday, May 1st. Mizuho set a $395.00 price objective on Sherwin-Williams in a 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 on the stock in a report on Tuesday, April 22nd. Finally, Citigroup downgraded Sherwin-Williams from a "buy" rating to a "neutral" rating and reduced their price target for the company from $405.00 to $385.00 in a report on Friday, June 13th. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating, ten have assigned a buy rating and two have assigned a strong buy rating to the company's stock. Based on data from MarketBeat, Sherwin-Williams currently has a consensus rating of "Moderate Buy" and a consensus target price of $391.94.

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.