The Sherwin-Williams Company (NYSE:SHW) Shares Sold by ORG Partners LLC

ORG Partners LLC cut its stake in shares of The Sherwin-Williams Company (NYSE:SHW - Free Report) by 91.9% during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 89 shares of the specialty chemicals company's stock after selling 1,005 shares during the quarter. ORG Partners LLC's holdings in Sherwin-Williams were worth $31,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also made changes to their positions in SHW. Norges Bank acquired a new position in shares of Sherwin-Williams during the 4th quarter worth $1,359,747,000. GAMMA Investing LLC grew its stake in shares of Sherwin-Williams by 41,717.1% during the 1st quarter. GAMMA Investing LLC now owns 1,636,304 shares of the specialty chemicals company's stock worth $571,381,000 after purchasing an additional 1,632,391 shares during the period. Capital Research Global Investors grew its stake in shares of Sherwin-Williams by 47.1% during the 4th quarter. Capital Research Global Investors now owns 2,998,647 shares of the specialty chemicals company's stock worth $1,019,329,000 after purchasing an additional 960,724 shares during the period. Barclays PLC grew its stake in shares of Sherwin-Williams by 54.2% during the 4th quarter. Barclays PLC now owns 2,073,533 shares of the specialty chemicals company's stock worth $704,855,000 after purchasing an additional 728,798 shares during the period. Finally, Raymond James Financial Inc. acquired a new position in shares of Sherwin-Williams during the 4th quarter worth $230,829,000. 77.67% of the stock is owned by institutional investors and hedge funds.

Sherwin-Williams Stock Performance

Shares of NYSE SHW opened at $332.89 on Monday. The company has a market cap of $83.42 billion, a PE ratio of 31.46, a price-to-earnings-growth ratio of 3.03 and a beta of 1.21. The Sherwin-Williams Company has a 12 month low of $292.27 and a 12 month 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 has a 50-day simple moving average of $348.31 and a 200-day simple moving average of $349.21.

Sherwin-Williams (NYSE:SHW - Get Free Report) last issued its quarterly earnings results on Tuesday, April 29th. The specialty chemicals company reported $2.25 EPS for the quarter, topping analysts' consensus estimates of $2.23 by $0.02. The business had revenue of $5.31 billion during 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 quarterly revenue was down 1.1% compared to the same quarter last year. During the same period in the previous year, the firm posted $2.17 earnings per share. On average, equities analysts anticipate that The Sherwin-Williams Company will post 12 earnings per share for the current 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 given a $0.79 dividend. The ex-dividend date was Friday, May 16th. This represents a $3.16 annualized dividend and a dividend yield of 0.95%. Sherwin-Williams's dividend payout ratio is presently 29.87%.

Wall Street Analyst Weigh In

A number of equities analysts have recently weighed in on the stock. Citigroup cut shares of Sherwin-Williams from a "buy" rating to a "neutral" rating and lowered their price target for the stock from $405.00 to $385.00 in a research note on Friday, June 13th. Wells Fargo & Company raised shares of Sherwin-Williams from an "equal weight" rating to an "overweight" rating and increased their price objective for the company from $350.00 to $420.00 in a research note on Wednesday, April 30th. Barclays dropped their target price on shares of Sherwin-Williams from $385.00 to $355.00 and set an "equal weight" rating for the company in a report on Tuesday, April 1st. Mizuho set a $395.00 target price on shares of Sherwin-Williams in a report on Tuesday, April 15th. Finally, Jefferies Financial Group restated a "hold" rating and set a $380.00 target price (down from $423.00) on shares of Sherwin-Williams in a report on Monday, March 10th. Six equities research analysts have rated the stock with a hold rating, ten have issued a buy rating and two have assigned a strong buy rating to the company's stock. According to data from MarketBeat, Sherwin-Williams has an average rating of "Moderate Buy" and a consensus price target of $397.67.

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.

Want to see what other hedge funds are holding SHW? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for The Sherwin-Williams Company (NYSE:SHW - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.