Massachusetts Financial Services Co. MA Has $685.80 Million Stock Holdings in The Sherwin-Williams Company (NYSE:SHW)

Massachusetts Financial Services Co. MA lessened its holdings in shares of The Sherwin-Williams Company (NYSE:SHW - Free Report) by 4.6% during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 1,963,968 shares of the specialty chemicals company's stock after selling 94,817 shares during the quarter. Massachusetts Financial Services Co. MA owned approximately 0.78% of Sherwin-Williams worth $685,798,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently bought and sold shares of the business. Coppell Advisory Solutions LLC increased its position in Sherwin-Williams by 2.7% during the fourth quarter. Coppell Advisory Solutions LLC now owns 1,146 shares of the specialty chemicals company's stock worth $388,000 after buying an additional 30 shares during the last quarter. Opal Wealth Advisors LLC increased its position in Sherwin-Williams by 4.2% during 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 grew its position in shares of Sherwin-Williams by 1.5% in the fourth quarter. Ashton Thomas Securities LLC now owns 2,228 shares of the specialty chemicals company's stock valued at $757,000 after purchasing an additional 34 shares during the last quarter. YANKCOM Partnership grew its position in shares of Sherwin-Williams by 8.8% in the first quarter. YANKCOM Partnership now owns 420 shares of the specialty chemicals company's stock valued at $147,000 after purchasing an additional 34 shares during the last quarter. Finally, Zhang Financial LLC grew its position in shares of Sherwin-Williams by 2.2% in the first quarter. Zhang Financial LLC now owns 1,696 shares of the specialty chemicals company's stock valued at $592,000 after purchasing an additional 36 shares during the last quarter. Institutional investors and hedge funds own 77.67% of the company's stock.

Sherwin-Williams Trading Down 0.0%

NYSE:SHW traded down $0.10 during trading hours on Thursday, hitting $339.76. 1,331,468 shares of the company were exchanged, compared to its average volume of 1,710,520. The stock has a market capitalization of $85.14 billion, a price-to-earnings ratio of 32.11, a price-to-earnings-growth ratio of 3.05 and a beta of 1.18. 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 Sherwin-Williams Company has a one year low of $308.84 and a one year high of $400.42. The company has a fifty day simple moving average of $350.31 and a 200 day simple moving average of $347.92.

Sherwin-Williams (NYSE:SHW - Get Free Report) last issued its quarterly 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 during the quarter, compared to the consensus estimate of $5.42 billion. During the same period last year, the business posted $2.17 EPS. The business's revenue was down 1.1% compared to the same quarter last year. Sell-side analysts expect that The Sherwin-Williams Company will post 12 EPS for the current fiscal year.

Sherwin-Williams Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, September 5th. Shareholders of record on Friday, August 15th will be issued a dividend of $0.79 per share. The ex-dividend date is Friday, August 15th. This represents a $3.16 dividend on an annualized basis and a yield of 0.93%. Sherwin-Williams's payout ratio is currently 29.87%.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently issued reports on SHW shares. Citigroup downgraded Sherwin-Williams from a "buy" rating to a "neutral" rating and reduced their price target for the stock from $405.00 to $385.00 in a research report on Friday, June 13th. Morgan Stanley reduced their price target on Sherwin-Williams from $405.00 to $385.00 and set an "overweight" rating on the stock in a research report on Tuesday, April 22nd. Wells Fargo & Company raised Sherwin-Williams from an "equal weight" rating to an "overweight" rating and increased their price target for the stock from $350.00 to $420.00 in a research report on Wednesday, April 30th. Mizuho set a $395.00 price target on Sherwin-Williams in a research report on Tuesday, April 15th. Finally, UBS Group upped their target price on Sherwin-Williams from $398.00 to $410.00 and gave the stock a "buy" rating in a research note on Wednesday, July 9th. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating, ten have issued a buy rating and two have issued a strong buy rating to the company. Based on data from MarketBeat, Sherwin-Williams currently has a consensus rating of "Moderate Buy" and a consensus target price 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.