Lbp Am Sa Cuts Holdings in The Sherwin-Williams Company (NYSE:SHW)

LBP AM SA reduced 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 Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor 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 large investors have also bought and sold shares of the company. Park Square Financial Group LLC purchased a new position in Sherwin-Williams during the fourth quarter valued at $27,000. Perkins Coie Trust Co purchased a new position in shares of Sherwin-Williams in the 1st quarter worth about $27,000. Lee Danner & Bass Inc. bought a new position in Sherwin-Williams in the 4th quarter worth about $28,000. Synergy Investment Management LLC grew its position in Sherwin-Williams by 583.3% during the 1st quarter. Synergy Investment Management LLC now owns 82 shares of the specialty chemicals company's stock valued at $29,000 after purchasing an additional 70 shares during the last quarter. Finally, Barnes Dennig Private Wealth Management LLC bought a new stake in Sherwin-Williams during the 1st quarter valued at about $30,000. 77.67% of the stock is owned by institutional investors.

Sherwin-Williams Trading Down 1.7%

Shares of SHW stock traded down $5.93 during trading hours on Friday, hitting $345.90. The company had a trading volume of 1,034,538 shares, compared to its average volume of 1,719,974. The Sherwin-Williams Company has a fifty-two week low of $306.63 and a fifty-two week high of $400.42. The company has a debt-to-equity ratio of 1.90, a current ratio of 0.77 and a quick ratio of 0.45. The company's fifty day moving average is $351.40 and its 200 day moving average is $348.01. The stock has a market capitalization of $86.68 billion, a PE ratio of 32.69, a price-to-earnings-growth ratio of 3.16 and a beta of 1.18.

Sherwin-Williams (NYSE:SHW - Get Free Report) last issued its quarterly earnings data on Tuesday, April 29th. The specialty chemicals company reported $2.25 earnings per share for the quarter, beating 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 business had revenue of $5.31 billion during the quarter, compared to analysts' expectations of $5.42 billion. During the same period in the previous year, the firm posted $2.17 earnings per share. The company's revenue was down 1.1% on a year-over-year basis. Research analysts expect that The Sherwin-Williams Company will post 12 earnings per share for the current fiscal year.

Sherwin-Williams Dividend Announcement

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

Wall Street Analyst Weigh In

Several brokerages recently weighed in on SHW. Wells Fargo & Company raised shares of Sherwin-Williams from an "equal weight" rating to an "overweight" rating and raised their price target for the company from $350.00 to $420.00 in a research report on Wednesday, April 30th. Mizuho set a $395.00 target price on Sherwin-Williams in a report on Tuesday, April 15th. UBS Group upped their price target on Sherwin-Williams from $398.00 to $410.00 and gave the company a "buy" rating in a report on Wednesday. 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 research report on Monday, June 23rd. Finally, Royal Bank Of Canada upped their target price on shares of Sherwin-Williams from $410.00 to $420.00 and gave the company an "outperform" rating in a research note on Thursday, May 1st. One equities research analyst has rated the stock with a sell rating, six have given a hold rating, ten have assigned a buy rating and two have given a strong buy rating to the company's stock. According to data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average price target of $391.94.

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.