Vanguard Group Inc. Purchases 245,896 Shares of The Sherwin-Williams Company (NYSE:SHW)

Key Points

• Vanguard Group Inc. increased its stake in The Sherwin-Williams Company by 1.1%, acquiring an additional 245,896 shares, bringing its total ownership to approximately 22 million shares worth about $7.71 billion.
• The Sherwin-Williams Company reported earnings per share of $3.38 for the last quarter, falling short of the consensus estimate of $3.76, despite revenue of $6.31 billion meeting expectations.
• The company announced a quarterly dividend of $0.79 per share, which translates to an annualized dividend yield of 0.9%, with a dividend payout ratio of 31.35%.

Vanguard Group Inc. boosted its position in The Sherwin-Williams Company (NYSE:SHW - Free Report) by 1.1% during the first quarter, according to its most recent 13F filing with the SEC. The firm owned 22,082,544 shares of the specialty chemicals company's stock after acquiring an additional 245,896 shares during the period. Vanguard Group Inc. owned 8.81% of Sherwin-Williams worth $7,711,004,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Coppell Advisory Solutions LLC grew its position in 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 worth $388,000 after buying an additional 30 shares during the period. Opal Wealth Advisors LLC grew its position in Sherwin-Williams by 4.2% during the first quarter. Opal Wealth Advisors LLC now owns 791 shares of the specialty chemicals company's stock worth $276,000 after buying an additional 32 shares during the period. Nicolet Advisory Services LLC grew its position in Sherwin-Williams by 3.1% during the first quarter. Nicolet Advisory Services LLC now owns 1,096 shares of the specialty chemicals company's stock worth $362,000 after buying an additional 33 shares during the period. YANKCOM Partnership grew its position in Sherwin-Williams by 8.8% during the first quarter. YANKCOM Partnership now owns 420 shares of the specialty chemicals company's stock worth $147,000 after buying an additional 34 shares during the period. Finally, Kornitzer Capital Management Inc. KS grew its position in Sherwin-Williams by 4.9% during the first quarter. Kornitzer Capital Management Inc. KS now owns 755 shares of the specialty chemicals company's stock worth $264,000 after buying an additional 35 shares during the period. 77.67% of the stock is currently owned by institutional investors.

Sherwin-Williams Stock Performance

Shares of SHW opened at $350.83 on Thursday. The company has a debt-to-equity ratio of 1.78, a quick ratio of 0.48 and a current ratio of 0.78. The company has a market capitalization of $87.47 billion, a price-to-earnings ratio of 34.80, a PEG ratio of 3.33 and a beta of 1.16. The company's 50 day simple moving average is $345.83 and its 200 day simple moving average is $348.05. The Sherwin-Williams Company has a 1 year low of $308.84 and a 1 year high of $400.42.

Sherwin-Williams (NYSE:SHW - Get Free Report) last announced 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). The firm had revenue of $6.31 billion for the quarter, compared to analysts' expectations of $6.31 billion. Sherwin-Williams had a net margin of 11.03% and a return on equity of 66.91%. The business's quarterly revenue was up .6% on a year-over-year basis. During the same period in the previous year, the company posted $3.70 EPS. On average, sell-side analysts predict that The Sherwin-Williams Company will post 12 EPS for the current year.

Sherwin-Williams Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, September 5th. Shareholders of record on Friday, August 15th will be paid a dividend of $0.79 per share. The ex-dividend date of this dividend is Friday, August 15th. This represents a $3.16 dividend on an annualized basis and a yield of 0.9%. Sherwin-Williams's dividend payout ratio (DPR) is currently 31.35%.

Analyst Upgrades and Downgrades

Several research analysts have weighed in on SHW shares. Bank of America upped their target price on shares of Sherwin-Williams from $289.00 to $296.00 and gave the stock an "underperform" rating in a research report on Monday, June 23rd. BMO Capital Markets lowered their target price on shares of Sherwin-Williams from $405.00 to $391.00 and set an "outperform" rating on the stock in a research report on Wednesday, July 23rd. Morgan Stanley lowered their target price on shares of Sherwin-Williams from $405.00 to $385.00 and set an "overweight" rating on the stock in a research report on Tuesday, April 22nd. Citigroup lowered their price target on shares of Sherwin-Williams from $385.00 to $375.00 and set a "neutral" rating on the stock in a research report on Wednesday, July 23rd. Finally, UBS Group lowered their price target on shares of Sherwin-Williams from $410.00 to $395.00 and set a "buy" rating on the stock in a research report on Wednesday, July 23rd. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating, ten have issued a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, Sherwin-Williams presently has a consensus rating of "Moderate Buy" and a consensus target price of $383.33.

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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