Victory Capital Management Inc. Has $32.45 Million Stock Holdings in The Sherwin-Williams Company (NYSE:SHW)

Victory Capital Management Inc. cut its stake in shares of The Sherwin-Williams Company (NYSE:SHW - Free Report) by 4.4% during the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 92,932 shares of the specialty chemicals company's stock after selling 4,261 shares during the period. Victory Capital Management Inc.'s holdings in Sherwin-Williams were worth $32,451,000 at the end of the most recent quarter.

Several other hedge funds have also modified their holdings of the stock. Vanguard Group Inc. lifted its position in shares of Sherwin-Williams by 0.6% in the fourth quarter. Vanguard Group Inc. now owns 21,836,648 shares of the specialty chemicals company's stock worth $7,422,932,000 after purchasing an additional 138,170 shares in the last quarter. FMR LLC increased its stake in Sherwin-Williams by 1.6% in the 4th quarter. FMR LLC now owns 6,588,755 shares of the specialty chemicals company's stock valued at $2,239,715,000 after buying an additional 106,093 shares during the period. Geode Capital Management LLC boosted its stake in shares of Sherwin-Williams by 2.0% during the 4th quarter. Geode Capital Management LLC now owns 4,829,702 shares of the specialty chemicals company's stock valued at $1,636,679,000 after buying an additional 96,571 shares during the period. Alliancebernstein L.P. grew its holdings in shares of Sherwin-Williams by 2.0% during the 4th quarter. Alliancebernstein L.P. now owns 4,316,000 shares of the specialty chemicals company's stock valued at $1,467,138,000 after acquiring an additional 86,268 shares in the last quarter. Finally, Norges Bank acquired a new position in shares of Sherwin-Williams in the fourth quarter worth $1,359,747,000. 77.67% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several brokerages recently weighed in on SHW. Morgan Stanley decreased their target price on Sherwin-Williams from $405.00 to $385.00 and set an "overweight" rating for the company in a research note on Tuesday, April 22nd. Mizuho set a $395.00 price target on shares of Sherwin-Williams in a report on Tuesday, April 15th. UBS Group lifted their price objective on Sherwin-Williams from $398.00 to $410.00 and gave the stock a "buy" rating in a research report on Wednesday, July 9th. Wells Fargo & Company upgraded Sherwin-Williams from an "equal weight" rating to an "overweight" rating and upped their price objective for the company from $350.00 to $420.00 in a report on Wednesday, April 30th. Finally, 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. One analyst has rated the stock with a sell rating, six have assigned a hold rating, ten have assigned a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $391.94.

Sherwin-Williams Stock Performance

SHW stock traded down $0.25 during midday trading on Tuesday, reaching $341.05. 3,823,656 shares of the company were exchanged, compared to its average volume of 1,722,478. The firm has a market capitalization of $85.47 billion, a price-to-earnings ratio of 32.24, a price-to-earnings-growth ratio of 3.06 and a beta of 1.18. The business has a 50-day moving average price of $349.79 and a two-hundred day moving average price of $348.09. The Sherwin-Williams Company has a one year low of $308.84 and a one year high of $400.42. The company has a debt-to-equity ratio of 1.90, a current ratio of 0.77 and a quick ratio of 0.45.

Sherwin-Williams (NYSE:SHW - Get Free Report) last released its quarterly earnings results on Tuesday, July 22nd. The specialty chemicals company reported $3.38 EPS for the quarter, missing the consensus estimate of $3.75 by ($0.37). The business had revenue of $6.31 billion during the quarter, compared to analyst estimates of $6.31 billion. Sherwin-Williams had a net margin of 11.63% and a return on equity of 71.86%. The company's revenue was up .6% on a year-over-year basis. During the same quarter last year, the company posted $3.70 earnings per share. Equities research analysts forecast that The Sherwin-Williams Company will post 12 EPS for the current year.

Sherwin-Williams Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, September 5th. Investors of record on Friday, August 15th will be paid a $0.79 dividend. 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 0.93%. Sherwin-Williams's dividend payout ratio (DPR) is 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.