Wellington Management Group LLP Has $406.42 Million Stock Position in The Sherwin-Williams Company $SHW

Key Points

• Wellington Management Group LLP increased its stock position in The Sherwin-Williams Company by 45% during the first quarter, now holding approximately $406.42 million worth of shares.
• Multiple analysts have revised their price targets for Sherwin-Williams downwards, with the consensus target now at $388.60, reflecting a moderate buy rating.
• The company announced a quarterly dividend of $0.79 per share, with a dividend yield of 0.9%, indicating a commitment to returning value to shareholders.

Wellington Management Group LLP grew its position in The Sherwin-Williams Company (NYSE:SHW - Free Report) by 45.0% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,163,880 shares of the specialty chemicals company's stock after buying an additional 361,113 shares during the quarter. Wellington Management Group LLP owned approximately 0.46% of Sherwin-Williams worth $406,415,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently made changes to their positions in SHW. Brighton Jones LLC boosted its holdings in shares of Sherwin-Williams by 73.6% during the fourth quarter. Brighton Jones LLC now owns 1,545 shares of the specialty chemicals company's stock worth $525,000 after purchasing an additional 655 shares during the period. First Trust Advisors LP boosted its holdings in shares of Sherwin-Williams by 1,110.7% during the fourth quarter. First Trust Advisors LP now owns 106,575 shares of the specialty chemicals company's stock worth $36,228,000 after purchasing an additional 97,772 shares during the period. Capital World Investors boosted its holdings in shares of Sherwin-Williams by 1.9% during the fourth quarter. Capital World Investors now owns 732,168 shares of the specialty chemicals company's stock worth $248,871,000 after purchasing an additional 13,562 shares during the period. MML Investors Services LLC boosted its holdings in shares of Sherwin-Williams by 11.7% during the fourth quarter. MML Investors Services LLC now owns 50,039 shares of the specialty chemicals company's stock worth $17,010,000 after purchasing an additional 5,247 shares during the period. Finally, Tower Research Capital LLC TRC boosted its holdings in shares of Sherwin-Williams by 102.0% during the fourth quarter. Tower Research Capital LLC TRC now owns 19,847 shares of the specialty chemicals company's stock worth $6,747,000 after purchasing an additional 10,020 shares during the period. 77.67% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several analysts recently commented on the stock. Wells Fargo & Company decreased their price target on shares of Sherwin-Williams from $420.00 to $400.00 and set an "overweight" rating for the company in a report on Wednesday, July 23rd. Citigroup decreased their price target on shares of Sherwin-Williams from $385.00 to $375.00 and set a "neutral" rating for the company in a report on Wednesday, July 23rd. Mizuho decreased their price target on shares of Sherwin-Williams from $400.00 to $385.00 and set an "outperform" rating for the company in a report on Wednesday, July 23rd. JPMorgan Chase & Co. decreased their price target on shares of Sherwin-Williams from $390.00 to $378.00 and set an "overweight" rating for the company in a report on Wednesday, July 23rd. Finally, Loop Capital cut their price objective on shares of Sherwin-Williams from $395.00 to $380.00 and set a "buy" rating on the stock in a research report on Wednesday, July 23rd. Seven research analysts have rated the stock with a hold rating, ten have given a buy rating and one has given 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 price target of $388.60.

Sherwin-Williams Trading Down 1.5%

NYSE:SHW opened at $359.04 on Tuesday. The Sherwin-Williams Company has a 12 month low of $308.84 and a 12 month high of $400.42. The firm has a market cap of $89.52 billion, a price-to-earnings ratio of 35.62, a P/E/G ratio of 3.44 and a beta of 1.16. The company has a quick ratio of 0.48, a current ratio of 0.78 and a debt-to-equity ratio of 1.78. The company's 50 day moving average is $346.02 and its 200-day moving average is $347.79.

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 analysts' consensus estimates of $3.76 by ($0.38). Sherwin-Williams had a net margin of 11.03% and a return on equity of 66.91%. The firm had revenue of $6.31 billion during the quarter, compared to the consensus estimate of $6.31 billion. During the same period in the prior year, the business earned $3.70 EPS. The company's revenue for the quarter was up .6% compared to the same quarter last year. Equities analysts anticipate that The Sherwin-Williams Company will post 12 EPS for the current year.

Sherwin-Williams Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, September 5th. Stockholders of record on Friday, August 15th will be given 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 dividend yield of 0.9%. Sherwin-Williams's dividend payout ratio (DPR) is currently 31.35%.

Insider Activity at Sherwin-Williams

In other news, CAO James P. Lang sold 860 shares of the firm's stock in a transaction on Wednesday, August 6th. The shares were sold at an average price of $350.35, for a total value of $301,301.00. Following the sale, the chief accounting officer owned 377 shares in the company, valued at approximately $132,081.95. This trade represents a 69.52% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. 0.60% of the stock is currently owned by corporate insiders.

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.

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