Pacer Advisors Inc. decreased its position in shares of The Sherwin-Williams Company (NYSE:SHW - Free Report) by 35.5% during the 1st quarter, according to the company in its most recent disclosure with the SEC. The fund owned 12,450 shares of the specialty chemicals company's stock after selling 6,856 shares during the quarter. Pacer Advisors Inc.'s holdings in Sherwin-Williams were worth $4,347,000 as of its most recent filing with the SEC.
A number of other hedge funds and other institutional investors have also recently made changes to their positions in SHW. Park Square Financial Group LLC purchased a new position in shares of Sherwin-Williams during the fourth quarter worth about $27,000. Perkins Coie Trust Co purchased a new position in shares of Sherwin-Williams during the first quarter worth about $27,000. Synergy Investment Management LLC grew its holdings in shares of Sherwin-Williams by 583.3% during the first quarter. Synergy Investment Management LLC now owns 82 shares of the specialty chemicals company's stock worth $29,000 after buying an additional 70 shares during the last quarter. Barnes Dennig Private Wealth Management LLC purchased a new position in shares of Sherwin-Williams during the first quarter worth about $30,000. Finally, HWG Holdings LP acquired a new stake in Sherwin-Williams in the first quarter valued at about $46,000. Hedge funds and other institutional investors own 77.67% of the company's stock.
Sherwin-Williams Price Performance
Shares of NYSE:SHW traded up $0.89 during trading on Tuesday, hitting $337.05. 1,511,701 shares of the stock were exchanged, compared to its average volume of 1,708,786. The company has a fifty day moving average price of $347.64 and a two-hundred day moving average price of $348.30. The company has a market cap of $84.04 billion, a PE ratio of 33.44, a P/E/G ratio of 3.18 and a beta of 1.18. The company has a current ratio of 0.78, a quick ratio of 0.48 and a debt-to-equity ratio of 1.78. The Sherwin-Williams Company has a 12-month low of $308.84 and a 12-month high of $400.42.
Sherwin-Williams (NYSE:SHW - Get Free Report) last issued its quarterly earnings data on Tuesday, July 22nd. The specialty chemicals company reported $3.38 earnings per share (EPS) for the quarter, missing the consensus estimate of $3.76 by ($0.38). Sherwin-Williams had a return on equity of 66.91% and a net margin of 11.03%. The company had revenue of $6.31 billion for the quarter, compared to analyst estimates of $6.31 billion. During the same quarter in the prior year, the firm earned $3.70 earnings per share. The company's revenue for the quarter was up .6% on a year-over-year basis. On average, analysts forecast that The Sherwin-Williams Company will post 12 EPS for the current year.
Sherwin-Williams Dividend Announcement
The business also recently disclosed a quarterly dividend, which will be paid on Friday, September 5th. Investors of record on Friday, August 15th will be given a dividend of $0.79 per share. The ex-dividend date is Friday, August 15th. This represents a $3.16 annualized dividend and a dividend yield of 0.94%. Sherwin-Williams's dividend payout ratio is currently 31.35%.
Wall Street Analyst Weigh In
A number of equities research analysts recently commented on SHW shares. Morgan Stanley reduced their price objective on shares of Sherwin-Williams from $405.00 to $385.00 and set an "overweight" rating for the company in a research report on Tuesday, April 22nd. Wells Fargo & Company reduced their price objective on shares of Sherwin-Williams from $420.00 to $400.00 and set an "overweight" rating for the company in a research report on Wednesday, July 23rd. BMO Capital Markets reduced their price objective on shares of Sherwin-Williams from $405.00 to $391.00 and set an "outperform" rating for the company in a research report on Wednesday, July 23rd. Bank of America raised their price objective on shares of Sherwin-Williams from $289.00 to $296.00 and gave the company an "underperform" rating in a research report on Monday, June 23rd. Finally, UBS Group reduced their price objective on shares of Sherwin-Williams from $410.00 to $395.00 and set a "buy" rating for the company in a research report on Wednesday, July 23rd. One research analyst has rated the stock with a sell rating, six have issued a hold rating, ten have given a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average target price of $383.33.
View Our Latest Stock Report on SHW
About Sherwin-Williams
(
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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