Wilkinson Global Asset Management LLC Grows Stock Position in The Sherwin-Williams Company (NYSE:SHW)

Wilkinson Global Asset Management LLC lifted its position in The Sherwin-Williams Company (NYSE:SHW - Free Report) by 44.4% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 220,333 shares of the specialty chemicals company's stock after buying an additional 67,749 shares during the quarter. Sherwin-Williams comprises approximately 4.8% of Wilkinson Global Asset Management LLC's holdings, making the stock its 6th biggest position. Wilkinson Global Asset Management LLC owned approximately 0.09% of Sherwin-Williams worth $76,938,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also added to or reduced their stakes in the company. Brighton Jones LLC boosted its position in 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. Proficio Capital Partners LLC boosted its holdings in shares of Sherwin-Williams by 22.5% during the 4th quarter. Proficio Capital Partners LLC now owns 1,411 shares of the specialty chemicals company's stock worth $479,000 after buying an additional 259 shares during the period. Greykasell Wealth Strategies Inc. acquired a new position in Sherwin-Williams in the 4th quarter valued at about $611,000. Copperwynd Financial LLC raised its holdings in Sherwin-Williams by 5.0% in the 4th quarter. Copperwynd Financial LLC now owns 2,740 shares of the specialty chemicals company's stock valued at $931,000 after acquiring an additional 131 shares during the period. Finally, Envestnet Portfolio Solutions Inc. lifted its holdings in Sherwin-Williams by 3.5% during the 4th quarter. Envestnet Portfolio Solutions Inc. now owns 21,292 shares of the specialty chemicals company's stock worth $7,238,000 after purchasing an additional 718 shares during the last quarter. 77.67% of the stock is currently owned by institutional investors and hedge funds.

Sherwin-Williams Price Performance

Shares of SHW traded down $5.93 during trading hours on Friday, reaching $345.90. The stock had a trading volume of 1,034,538 shares, compared to its average volume of 1,721,347. The company has a debt-to-equity ratio of 1.90, a quick ratio of 0.45 and a current ratio of 0.77. The Sherwin-Williams Company has a 12 month low of $308.84 and a 12 month high of $400.42. The stock has a market capitalization of $86.68 billion, a PE ratio of 32.69, a PEG ratio of 3.11 and a beta of 1.18. The company's 50-day moving average is $351.12 and its two-hundred day moving average is $348.01.

Sherwin-Williams (NYSE:SHW - Get Free Report) last posted its earnings results on Tuesday, April 29th. The specialty chemicals company reported $2.25 EPS for the quarter, beating the consensus estimate of $2.23 by $0.02. Sherwin-Williams had a return on equity of 71.86% and a net margin of 11.63%. The firm had revenue of $5.31 billion during the quarter, compared to the consensus estimate of $5.42 billion. During the same period last year, the company earned $2.17 earnings per share. The business's quarterly revenue was down 1.1% on a year-over-year basis. Research analysts expect that The Sherwin-Williams Company will post 12 EPS for the current year.

Sherwin-Williams Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, June 6th. Shareholders of record on Friday, May 16th were issued a dividend of $0.79 per share. This represents a $3.16 dividend on an annualized basis and a yield of 0.91%. The ex-dividend date was Friday, May 16th. Sherwin-Williams's payout ratio is 29.87%.

Analyst Ratings Changes

Several analysts have weighed in on the stock. Citigroup cut shares of Sherwin-Williams from a "buy" rating to a "neutral" rating and dropped their price objective for the stock from $405.00 to $385.00 in a research note on Friday, June 13th. Royal Bank Of Canada raised their price target on Sherwin-Williams from $410.00 to $420.00 and gave the stock an "outperform" rating in a research report on Thursday, May 1st. Mizuho set a $395.00 price objective on shares of Sherwin-Williams in a research report on Tuesday, April 15th. Barclays decreased their target price on shares of Sherwin-Williams from $385.00 to $355.00 and set an "equal weight" rating on the stock in a report on Tuesday, April 1st. Finally, Wells Fargo & Company raised shares of Sherwin-Williams from an "equal weight" rating to an "overweight" rating and upped their price target for the stock from $350.00 to $420.00 in a report on Wednesday, April 30th. One analyst has rated the stock with a sell rating, six have issued a hold rating, ten have assigned a buy rating and two have assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average price target of $391.94.

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.