Vaughan Nelson Investment Management L.P. Sells 15,896 Shares of The Sherwin-Williams Company (NYSE:SHW)

Vaughan Nelson Investment Management L.P. lowered its stake in shares of The Sherwin-Williams Company (NYSE:SHW - Free Report) by 5.8% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 257,258 shares of the specialty chemicals company's stock after selling 15,896 shares during the period. Vaughan Nelson Investment Management L.P. owned approximately 0.10% of Sherwin-Williams worth $89,832,000 at the end of the most recent reporting period.

A number of other large investors also recently bought and sold shares of SHW. Midwest Capital Advisors LLC acquired a new stake in Sherwin-Williams during the 4th quarter valued at $26,000. Park Square Financial Group LLC bought a new stake in shares of Sherwin-Williams during the 4th quarter valued at about $27,000. Perkins Coie Trust Co acquired a new stake in Sherwin-Williams during the first quarter worth about $27,000. Lee Danner & Bass Inc. bought a new position in Sherwin-Williams in the fourth quarter worth about $28,000. Finally, Sierra Ocean LLC acquired a new position in Sherwin-Williams in the fourth quarter valued at approximately $36,000. Hedge funds and other institutional investors own 77.67% of the company's stock.

Sherwin-Williams Stock Down 5.7%

NYSE:SHW traded down $20.27 during trading hours on Friday, reaching $335.93. The company's stock had a trading volume of 2,793,639 shares, compared to its average volume of 1,725,958. The company has a debt-to-equity ratio of 2.02, a current ratio of 0.79 and a quick ratio of 0.46. The Sherwin-Williams Company has a one year low of $292.27 and a one year high of $400.42. The business's 50-day moving average is $348.16 and its 200-day moving average is $351.64. The company has a market cap of $84.18 billion, a price-to-earnings ratio of 31.84, a price-to-earnings-growth ratio of 2.98 and a beta of 1.21.

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

Sherwin-Williams Dividend Announcement

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

Wall Street Analyst Weigh In

SHW has been the subject of several analyst reports. Barclays reduced their price target on shares of Sherwin-Williams from $385.00 to $355.00 and set an "equal weight" rating for the company in a report on Tuesday, April 1st. Royal Bank of Canada boosted their target price on shares of Sherwin-Williams from $410.00 to $420.00 and gave the company an "outperform" rating in a research note on Thursday, May 1st. Wells Fargo & Company raised shares of Sherwin-Williams from an "equal weight" rating to an "overweight" rating and boosted their target price for the company from $350.00 to $420.00 in a research note on Wednesday, April 30th. Morgan Stanley dropped their price target 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. Finally, Jefferies Financial Group reissued a "hold" rating and set a $380.00 target price (down previously from $423.00) on shares of Sherwin-Williams in a report on Monday, March 10th. Six 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 stock. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average target price of $397.67.

Sherwin-Williams 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.