Tran Capital Management L.P. Cuts Position in The Sherwin-Williams Company (NYSE:SHW)

Tran Capital Management L.P. lessened its holdings in The Sherwin-Williams Company (NYSE:SHW - Free Report) by 58.0% during the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 32,306 shares of the specialty chemicals company's stock after selling 44,639 shares during the period. Sherwin-Williams comprises approximately 1.5% of Tran Capital Management L.P.'s holdings, making the stock its 24th biggest position. Tran Capital Management L.P.'s holdings in Sherwin-Williams were worth $11,281,000 at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in SHW. Legacy Capital Wealth Partners LLC boosted its stake in Sherwin-Williams by 2.9% during the fourth quarter. Legacy Capital Wealth Partners LLC now owns 1,028 shares of the specialty chemicals company's stock worth $350,000 after buying an additional 29 shares during the period. IMS Capital Management lifted its position in shares of Sherwin-Williams by 2.4% during the fourth quarter. IMS Capital Management now owns 1,287 shares of the specialty chemicals company's stock valued at $437,000 after buying an additional 30 shares during the last quarter. Coppell Advisory Solutions LLC increased its holdings in shares of Sherwin-Williams by 2.7% during the fourth quarter. Coppell Advisory Solutions LLC now owns 1,146 shares of the specialty chemicals company's stock valued at $388,000 after acquiring an additional 30 shares in the last quarter. Ashton Thomas Securities LLC increased its holdings in shares of Sherwin-Williams by 1.5% during the fourth quarter. Ashton Thomas Securities LLC now owns 2,228 shares of the specialty chemicals company's stock valued at $757,000 after acquiring an additional 34 shares in the last quarter. Finally, WR Wealth Planners LLC increased its holdings in shares of Sherwin-Williams by 41.7% during the fourth quarter. WR Wealth Planners LLC now owns 119 shares of the specialty chemicals company's stock valued at $40,000 after acquiring an additional 35 shares in the last quarter. Institutional investors own 77.67% of the company's stock.

Analysts Set New Price Targets

Several equities analysts recently weighed in on the stock. Mizuho set a $395.00 price target on shares of Sherwin-Williams in a report on Tuesday, April 15th. Citigroup cut their price target on shares of Sherwin-Williams from $423.00 to $375.00 and set a "buy" rating on the stock in a report on Tuesday, April 8th. Barclays lowered their price objective on Sherwin-Williams from $385.00 to $355.00 and set an "equal weight" rating on the stock in a research report on Tuesday, April 1st. UBS Group decreased their target price on Sherwin-Williams from $430.00 to $400.00 and set a "buy" rating on the stock in a research report on Monday, April 7th. Finally, Jefferies Financial Group restated a "hold" rating and issued a $380.00 price objective (down previously from $423.00) on shares of Sherwin-Williams in a report on Monday, March 10th. Five equities research analysts have rated the stock with a hold rating, eleven have assigned a buy rating and two have issued a strong buy rating to the company's stock. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $397.00.

Sherwin-Williams Price Performance

SHW stock traded down $0.97 on Thursday, reaching $356.16. 888,049 shares of the company's stock were exchanged, compared to its average volume of 1,716,906. The stock has a fifty day moving average of $347.05 and a 200-day moving average of $352.64. The Sherwin-Williams Company has a twelve month low of $292.27 and a twelve month high of $400.42. The firm has a market cap of $89.25 billion, a PE ratio of 33.76, a P/E/G ratio of 2.98 and a beta of 1.21. The company has a quick ratio of 0.46, a current ratio of 0.79 and a debt-to-equity ratio of 2.02.

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

Sherwin-Williams Announces Dividend

The business 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 dividend on an annualized basis and a dividend yield of 0.89%. The ex-dividend date of this dividend was Friday, May 16th. Sherwin-Williams's payout ratio is currently 29.87%.

Sherwin-Williams Company Profile

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.