Whittier Trust Co. Increases Stock Holdings in The Sherwin-Williams Company (NYSE:SHW)

Whittier Trust Co. boosted its stake in The Sherwin-Williams Company (NYSE:SHW - Free Report) by 3.6% during the 1st quarter, according to the company in its most recent disclosure with the SEC. The firm owned 45,944 shares of the specialty chemicals company's stock after acquiring an additional 1,579 shares during the period. Whittier Trust Co.'s holdings in Sherwin-Williams were worth $16,043,000 as of its most recent filing with the SEC.

Several other hedge funds have also added to or reduced their stakes in SHW. Norges Bank purchased a new position in shares of Sherwin-Williams in the fourth quarter worth about $1,359,747,000. GAMMA Investing LLC grew its stake in Sherwin-Williams by 41,717.1% during the first quarter. GAMMA Investing LLC now owns 1,636,304 shares of the specialty chemicals company's stock valued at $571,381,000 after acquiring an additional 1,632,391 shares in the last quarter. Capital Research Global Investors grew its stake in Sherwin-Williams by 47.1% during the fourth quarter. Capital Research Global Investors now owns 2,998,647 shares of the specialty chemicals company's stock valued at $1,019,329,000 after acquiring an additional 960,724 shares in the last quarter. Barclays PLC grew its stake in Sherwin-Williams by 54.2% during the fourth quarter. Barclays PLC now owns 2,073,533 shares of the specialty chemicals company's stock valued at $704,855,000 after acquiring an additional 728,798 shares in the last quarter. Finally, Northern Trust Corp grew its stake in Sherwin-Williams by 28.0% during the fourth quarter. Northern Trust Corp now owns 2,725,827 shares of the specialty chemicals company's stock valued at $926,590,000 after acquiring an additional 595,586 shares in the last quarter. Institutional investors own 77.67% of the company's stock.

Analysts Set New Price Targets

A number of research firms have commented on SHW. UBS Group boosted their price target on shares of Sherwin-Williams from $398.00 to $410.00 and gave the stock a "buy" rating in a research note on Wednesday, July 9th. Morgan Stanley decreased their price objective on shares of Sherwin-Williams from $405.00 to $385.00 and set an "overweight" rating for the company in a report on Tuesday, April 22nd. Mizuho set a $395.00 price objective on shares of Sherwin-Williams in a report on Tuesday, April 15th. 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. Finally, Wells Fargo & Company raised shares of Sherwin-Williams from an "equal weight" rating to an "overweight" rating and increased their price objective for the company from $350.00 to $420.00 in a research report on Wednesday, April 30th. One analyst has rated the stock with a sell rating, six have issued a hold rating, ten have issued a buy rating and two have given a strong buy rating to the company. According to data from MarketBeat, the stock has an average rating of "Moderate Buy" and an average price target of $391.94.

Sherwin-Williams Stock Performance

NYSE SHW traded down $0.10 during trading hours on Thursday, reaching $339.76. The stock had a trading volume of 1,331,468 shares, compared to its average volume of 1,710,520. The stock has a fifty day moving average of $350.31 and a 200 day moving average of $347.92. The stock has a market cap of $85.14 billion, a P/E ratio of 32.11, a price-to-earnings-growth ratio of 3.05 and a beta of 1.18. The Sherwin-Williams Company has a 52-week low of $308.84 and a 52-week high of $400.42. The company has a debt-to-equity ratio of 1.90, a quick ratio of 0.45 and a current ratio of 0.77.

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 firm had revenue of $5.31 billion during the quarter, compared to analyst estimates of $5.42 billion. Sherwin-Williams had a net margin of 11.63% and a return on equity of 71.86%. The business's quarterly revenue was down 1.1% on a year-over-year basis. During the same period in the previous year, the firm earned $2.17 EPS. Sell-side analysts predict that The Sherwin-Williams Company will post 12 earnings per share for the current year.

Sherwin-Williams Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, September 5th. Investors of record on Friday, August 15th will be issued a $0.79 dividend. This represents a $3.16 annualized dividend and a yield of 0.93%. The ex-dividend date is Friday, August 15th. Sherwin-Williams's payout ratio is presently 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.