Ritholtz Wealth Management Sells 826 Shares of The Sherwin-Williams Company (NYSE:SHW)

Ritholtz Wealth Management decreased its stake in The Sherwin-Williams Company (NYSE:SHW - Free Report) by 8.8% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 8,569 shares of the specialty chemicals company's stock after selling 826 shares during the period. Ritholtz Wealth Management's holdings in Sherwin-Williams were worth $2,992,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently modified their holdings of SHW. Voleon Capital Management LP purchased a new stake in Sherwin-Williams during the 4th quarter valued at approximately $2,011,000. Kerusso Capital Management LLC increased its holdings in Sherwin-Williams by 75.9% in the fourth quarter. Kerusso Capital Management LLC now owns 10,290 shares of the specialty chemicals company's stock valued at $3,498,000 after buying an additional 4,439 shares in the last quarter. Empower Advisory Group LLC raised its holdings in Sherwin-Williams by 3.3% during the fourth quarter. Empower Advisory Group LLC now owns 322,925 shares of the specialty chemicals company's stock worth $109,772,000 after purchasing an additional 10,267 shares during the last quarter. Horizon Investments LLC boosted its position in shares of Sherwin-Williams by 2.7% in the 4th quarter. Horizon Investments LLC now owns 6,031 shares of the specialty chemicals company's stock worth $2,050,000 after buying an additional 161 shares in the last quarter. Finally, Wealthcare Advisory Partners LLC grew its position in shares of Sherwin-Williams by 18.4% in the first quarter. Wealthcare Advisory Partners LLC now owns 882 shares of the specialty chemicals company's stock valued at $308,000 after purchasing an additional 137 shares during the last quarter. 77.67% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several equities analysts recently commented on the company. Mizuho set a $395.00 target price on Sherwin-Williams in a research note on Tuesday, April 15th. Barclays dropped their price target on shares of Sherwin-Williams from $385.00 to $355.00 and set an "equal weight" rating on the stock in a research note on Tuesday, April 1st. Royal Bank of Canada lifted their target price on Sherwin-Williams from $410.00 to $420.00 and gave the stock an "outperform" rating in a research report on Thursday, May 1st. Jefferies Financial Group reissued a "hold" rating and issued a $380.00 target price (down previously from $423.00) on shares of Sherwin-Williams in a report on Monday, March 10th. Finally, Wells Fargo & Company upgraded shares of Sherwin-Williams from an "equal weight" rating to an "overweight" rating and lifted their price objective for the company from $350.00 to $420.00 in a research report on Wednesday, April 30th. Six equities research analysts have rated the stock with a hold rating, ten have assigned a buy rating and two have given a strong buy rating to the company's stock. Based on data from MarketBeat, Sherwin-Williams currently has an average rating of "Moderate Buy" and a consensus target price of $397.67.

Sherwin-Williams Trading Down 0.1%

Shares of NYSE:SHW traded down $0.25 during mid-day trading on Monday, hitting $335.63. The stock had a trading volume of 1,705,886 shares, compared to its average volume of 1,759,244. The company's 50 day moving average is $348.16 and its 200-day moving average is $351.34. 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 2.02, a quick ratio of 0.46 and a current ratio of 0.79. The company has a market cap of $84.11 billion, a PE ratio of 31.81, a P/E/G ratio of 2.98 and a beta of 1.21.

Sherwin-Williams (NYSE:SHW - Get Free Report) last issued its quarterly earnings results on Tuesday, April 29th. The specialty chemicals company reported $2.25 earnings per share for the quarter, beating analysts' consensus estimates of $2.23 by $0.02. Sherwin-Williams had a return on equity of 74.50% and a net margin of 11.61%. The business had revenue of $5.31 billion for the quarter, compared to the consensus estimate of $5.42 billion. During the same quarter in the previous year, the company posted $2.17 earnings per share. Sherwin-Williams's revenue for the quarter was down 1.1% compared to the same quarter last year. On average, sell-side analysts predict that The Sherwin-Williams Company will post 12 EPS for the current year.

Sherwin-Williams Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, June 6th. Shareholders of record on Friday, May 16th were paid a $0.79 dividend. The ex-dividend date was Friday, May 16th. This represents a $3.16 dividend on an annualized basis and a yield of 0.94%. Sherwin-Williams's dividend payout ratio (DPR) is currently 29.87%.

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.