The Sherwin-Williams Company (NYSE:SHW) Shares Sold by Xponance Inc.

Xponance Inc. trimmed its holdings in The Sherwin-Williams Company (NYSE:SHW - Free Report) by 3.4% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 54,770 shares of the specialty chemicals company's stock after selling 1,916 shares during the quarter. Xponance Inc.'s holdings in Sherwin-Williams were worth $19,125,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of the business. Vanguard Group Inc. increased its stake in Sherwin-Williams by 0.6% in the fourth quarter. Vanguard Group Inc. now owns 21,836,648 shares of the specialty chemicals company's stock valued at $7,422,932,000 after purchasing an additional 138,170 shares during the period. FMR LLC grew its holdings in shares of Sherwin-Williams by 1.6% during the fourth quarter. FMR LLC now owns 6,588,755 shares of the specialty chemicals company's stock worth $2,239,715,000 after buying an additional 106,093 shares during the last quarter. Geode Capital Management LLC increased its position in Sherwin-Williams by 2.0% in the 4th quarter. Geode Capital Management LLC now owns 4,829,702 shares of the specialty chemicals company's stock valued at $1,636,679,000 after acquiring an additional 96,571 shares during the period. Alliancebernstein L.P. raised its stake in Sherwin-Williams by 2.0% during the 4th quarter. Alliancebernstein L.P. now owns 4,316,000 shares of the specialty chemicals company's stock valued at $1,467,138,000 after acquiring an additional 86,268 shares during the last quarter. Finally, Norges Bank acquired a new stake in Sherwin-Williams during the 4th quarter worth approximately $1,359,747,000. Hedge funds and other institutional investors own 77.67% of the company's stock.

Sherwin-Williams Stock Performance

NYSE:SHW opened at $351.80 on Friday. The Sherwin-Williams Company has a twelve month low of $306.63 and a twelve month high of $400.42. The firm has a market capitalization of $88.16 billion, a price-to-earnings ratio of 33.25, a PEG ratio of 3.16 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 firm's fifty day simple moving average is $351.40 and its 200 day simple moving average is $348.01.

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

Sherwin-Williams Announces Dividend

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

Analysts Set New Price Targets

Several equities analysts have issued reports on the company. Morgan Stanley dropped their target price 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. Mizuho set a $395.00 price target on shares of Sherwin-Williams in a report on Tuesday, April 15th. Bank of America upped their target price on Sherwin-Williams from $289.00 to $296.00 and gave the company an "underperform" rating in a research note on Monday, June 23rd. Royal Bank Of Canada increased their target price on Sherwin-Williams from $410.00 to $420.00 and gave the company an "outperform" rating in a report on Thursday, May 1st. Finally, Citigroup lowered Sherwin-Williams from a "buy" rating to a "neutral" rating and decreased their price objective for the company from $405.00 to $385.00 in a research note on Friday, June 13th. One investment analyst has rated the stock with a sell rating, six have issued a hold rating, ten have issued a buy rating and two have given a strong buy rating to the stock. Based on data from MarketBeat, Sherwin-Williams currently has an average rating of "Moderate Buy" and an average 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.

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