Dividend Assets Capital LLC Decreases Holdings in The Sherwin-Williams Company (NYSE:SHW)

Dividend Assets Capital LLC lessened its holdings in shares of The Sherwin-Williams Company (NYSE:SHW - Free Report) by 8.2% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 27,588 shares of the specialty chemicals company's stock after selling 2,452 shares during the period. Sherwin-Williams comprises approximately 1.8% of Dividend Assets Capital LLC's holdings, making the stock its 20th largest holding. Dividend Assets Capital LLC's holdings in Sherwin-Williams were worth $9,634,000 at the end of the most recent quarter.

A number of other hedge funds also recently bought and sold shares of the business. GAMMA Investing LLC increased its holdings in Sherwin-Williams by 19.8% during the 1st quarter. GAMMA Investing LLC now owns 4,686 shares of the specialty chemicals company's stock valued at $1,636,000 after purchasing an additional 773 shares during the period. Wealthcare Advisory Partners LLC increased its holdings in Sherwin-Williams by 18.4% during the 1st 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 period. Panoramic Capital Partners LLC increased its holdings in Sherwin-Williams by 15.3% during the 1st quarter. Panoramic Capital Partners LLC now owns 1,046 shares of the specialty chemicals company's stock valued at $365,000 after purchasing an additional 139 shares during the period. Farther Finance Advisors LLC increased its holdings in Sherwin-Williams by 74.4% during the 1st quarter. Farther Finance Advisors LLC now owns 6,769 shares of the specialty chemicals company's stock valued at $2,373,000 after purchasing an additional 2,887 shares during the period. Finally, City Holding Co. grew its holdings in shares of Sherwin-Williams by 15.2% during the 1st quarter. City Holding Co. now owns 2,169 shares of the specialty chemicals company's stock worth $757,000 after acquiring an additional 286 shares during the period. Hedge funds and other institutional investors own 77.67% of the company's stock.

Analyst Upgrades and Downgrades

A number of research firms have weighed in on SHW. UBS Group reduced their target price on Sherwin-Williams from $430.00 to $400.00 and set a "buy" rating on the stock in a report on Monday, April 7th. Mizuho set a $395.00 target price on Sherwin-Williams in a report on Tuesday, April 15th. Citigroup downgraded Sherwin-Williams from a "buy" rating to a "neutral" rating and reduced their target price for the stock from $405.00 to $385.00 in a report on Friday. Barclays reduced their target price on Sherwin-Williams from $385.00 to $355.00 and set an "equal weight" rating on the stock in a report on Tuesday, April 1st. Finally, Royal Bank of Canada upped their target price on Sherwin-Williams from $410.00 to $420.00 and gave the stock an "outperform" rating in a report on Thursday, May 1st. Six investment analysts have rated the stock with a hold rating, ten have assigned a buy rating and two have issued a strong buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $397.67.

Sherwin-Williams Stock Down 5.7%

SHW stock traded down $20.27 during midday trading on Friday, hitting $335.93. The company's stock had a trading volume of 2,793,639 shares, compared to its average volume of 1,722,765. The company has a market cap of $84.18 billion, a PE ratio of 31.84, a P/E/G ratio of 2.98 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 current ratio of 0.79, a quick ratio of 0.46 and a debt-to-equity ratio of 2.02. The firm's 50-day moving average is $348.16 and its 200-day moving average is $351.93.

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

Sherwin-Williams Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, June 6th. Shareholders of record on Friday, May 16th were paid a dividend of $0.79 per share. 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 is presently 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.