Yousif Capital Management LLC Lowers Position in The Sherwin-Williams Company (NYSE:SHW)

Yousif Capital Management LLC reduced its stake in The Sherwin-Williams Company (NYSE:SHW - Free Report) by 2.9% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 50,481 shares of the specialty chemicals company's stock after selling 1,504 shares during the period. Yousif Capital Management LLC's holdings in Sherwin-Williams were worth $17,627,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of the stock. Voleon Capital Management LP purchased a new stake in shares of Sherwin-Williams in the 4th quarter valued at approximately $2,011,000. Kerusso Capital Management LLC increased its holdings in Sherwin-Williams by 75.9% in the 4th quarter. Kerusso Capital Management LLC now owns 10,290 shares of the specialty chemicals company's stock valued at $3,498,000 after purchasing an additional 4,439 shares during the last quarter. Strategic Financial Concepts LLC purchased a new stake in Sherwin-Williams in the fourth quarter valued at approximately $169,000. Empower Advisory Group LLC lifted its stake in Sherwin-Williams by 3.3% during the fourth quarter. Empower Advisory Group LLC now owns 322,925 shares of the specialty chemicals company's stock worth $109,772,000 after purchasing an additional 10,267 shares in the last quarter. Finally, Horizon Investments LLC lifted its stake in Sherwin-Williams by 2.7% during the fourth quarter. Horizon Investments LLC now owns 6,031 shares of the specialty chemicals company's stock worth $2,050,000 after purchasing an additional 161 shares in the last quarter. 77.67% of the stock is currently owned by hedge funds and other institutional investors.

Sherwin-Williams Stock Up 0.8%

Sherwin-Williams stock traded up $2.82 during midday trading on Tuesday, reaching $360.77. The company's stock had a trading volume of 768,529 shares, compared to its average volume of 1,721,442. The company has a market cap of $90.41 billion, a P/E ratio of 34.20, a P/E/G ratio of 2.98 and a beta of 1.21. The company has a quick ratio of 0.46, a current ratio of 0.79 and a debt-to-equity ratio of 2.02. The business has a 50-day simple moving average of $346.14 and a 200-day simple moving average of $352.55. The Sherwin-Williams Company has a fifty-two week low of $290.18 and a fifty-two week high of $400.42.

Sherwin-Williams (NYSE:SHW - Get Free Report) last released its quarterly earnings data on Tuesday, April 29th. The specialty chemicals company reported $2.25 earnings per share for the quarter, topping 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 for the quarter, compared to analysts' expectations of $5.42 billion. During the same quarter last year, the company earned $2.17 earnings per share. The firm's revenue for the quarter was down 1.1% on a year-over-year basis. On average, research analysts expect that The Sherwin-Williams Company will post 12 earnings per share for the current fiscal year.

Sherwin-Williams Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, June 6th. Investors 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 dividend yield of 0.88%. The ex-dividend date was Friday, May 16th. Sherwin-Williams's dividend payout ratio is currently 29.87%.

Analysts Set New Price Targets

Several research firms recently issued reports on SHW. Mizuho set a $395.00 price objective on Sherwin-Williams in a report on Tuesday, April 15th. Wells Fargo & Company raised Sherwin-Williams from an "equal weight" rating to an "overweight" rating and lifted their target price for the company from $350.00 to $420.00 in a research report on Wednesday, April 30th. Jefferies Financial Group reissued a "hold" rating and set a $380.00 price target (down previously from $423.00) on shares of Sherwin-Williams in a research report on Monday, March 10th. Citigroup lowered their price objective on shares of Sherwin-Williams from $423.00 to $375.00 and set a "buy" rating for the company in a research note on Tuesday, April 8th. Finally, Morgan Stanley cut their target price on shares of Sherwin-Williams from $405.00 to $385.00 and set an "overweight" rating on the stock in a research note on Tuesday, April 22nd. Five equities research analysts have rated the stock with a hold rating, eleven have issued a buy rating and two have assigned a strong buy rating to the company's stock. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average target price of $397.00.

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.