Private Trust Co. NA lowered its holdings in shares of The Sherwin-Williams Company (NYSE:SHW - Free Report) by 17.2% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 8,996 shares of the specialty chemicals company's stock after selling 1,866 shares during the period. Private Trust Co. NA's holdings in Sherwin-Williams were worth $3,141,000 as of its most recent SEC filing.
A number of other large investors have also recently bought and sold shares of the business. Perkins Coie Trust Co purchased a new stake in shares of Sherwin-Williams during the first quarter worth approximately $27,000. Park Square Financial Group LLC acquired a new position in Sherwin-Williams in the 4th quarter valued at $27,000. Lee Danner & Bass Inc. purchased a new position in Sherwin-Williams during the 4th quarter worth $28,000. Barnes Dennig Private Wealth Management LLC acquired a new stake in shares of Sherwin-Williams in the 1st quarter worth $30,000. Finally, HWG Holdings LP purchased a new stake in shares of Sherwin-Williams in the first quarter valued at about $46,000. Institutional investors and hedge funds own 77.67% of the company's stock.
Wall Street Analysts Forecast Growth
Several research analysts recently issued reports on the stock. Jefferies Financial Group reissued a "hold" rating and set a $380.00 price target (down from $423.00) on shares of Sherwin-Williams in a report on Monday, March 10th. UBS Group reduced their price target on Sherwin-Williams from $430.00 to $400.00 and set a "buy" rating for the company in a report on Monday, April 7th. Citigroup lowered Sherwin-Williams from a "buy" rating to a "neutral" rating and dropped their price objective for the stock from $405.00 to $385.00 in a report on Friday, June 13th. Bank of America raised their target price on Sherwin-Williams from $289.00 to $296.00 and gave the company an "underperform" rating in a report on Monday, June 23rd. Finally, Morgan Stanley lowered their price target on shares of Sherwin-Williams from $405.00 to $385.00 and set an "overweight" rating on the stock in a research note on Tuesday, April 22nd. One 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 stock. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average target price of $391.31.
Get Our Latest Stock Analysis on SHW
Sherwin-Williams Trading Down 0.8%
Shares of Sherwin-Williams stock opened at $352.61 on Thursday. The Sherwin-Williams Company has a 1 year low of $293.56 and a 1 year 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 business has a 50 day moving average price of $350.52 and a 200 day moving average price of $348.10. The company has a market capitalization of $88.36 billion, a P/E ratio of 33.33, a P/E/G ratio of 3.19 and a beta of 1.18.
Sherwin-Williams (NYSE:SHW - Get Free Report) last released 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. The company had revenue of $5.31 billion during the quarter, compared to analysts' expectations of $5.42 billion. Sherwin-Williams had a return on equity of 71.86% and a net margin of 11.63%. The business's revenue for the quarter 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. Sell-side analysts anticipate that The Sherwin-Williams Company will post 12 EPS for the current fiscal year.
Sherwin-Williams Dividend Announcement
The company also recently disclosed 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 dividend yield of 0.90%. The ex-dividend date was Friday, May 16th. Sherwin-Williams's payout ratio is 29.87%.
Sherwin-Williams Company Profile
(
Free Report)
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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