Capital World Investors lessened its stake in The Sherwin-Williams Company (NYSE:SHW – Get Rating) by 7.3% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 4,529,812 shares of the specialty chemicals company's stock after selling 354,332 shares during the period. Capital World Investors owned about 1.74% of Sherwin-Williams worth $1,130,765,000 as of its most recent SEC filing.
A number of other institutional investors have also recently made changes to their positions in SHW. Rational Advisors LLC grew its position in shares of Sherwin-Williams by 70.1% in the 1st quarter. Rational Advisors LLC now owns 131 shares of the specialty chemicals company's stock valued at $33,000 after buying an additional 54 shares during the last quarter. Lloyd Advisory Services LLC. lifted its stake in shares of Sherwin-Williams by 105.0% in the 1st quarter. Lloyd Advisory Services LLC. now owns 164 shares of the specialty chemicals company's stock valued at $41,000 after purchasing an additional 84 shares during the period. First Financial Corp IN lifted its stake in shares of Sherwin-Williams by 121.8% in the 1st quarter. First Financial Corp IN now owns 173 shares of the specialty chemicals company's stock valued at $43,000 after purchasing an additional 95 shares during the period. MCF Advisors LLC acquired a new position in shares of Sherwin-Williams in the 1st quarter valued at about $43,000. Finally, Cornerstone Advisory LLC acquired a new position in shares of Sherwin-Williams in the 4th quarter valued at about $44,000. Institutional investors own 77.48% of the company's stock.
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Analyst Ratings Changes
A number of brokerages have recently issued reports on SHW. Deutsche Bank Aktiengesellschaft dropped their price objective on Sherwin-Williams from $315.00 to $275.00 in a research note on Thursday, July 28th. Bank of America downgraded Sherwin-Williams from a "buy" rating to a "neutral" rating and dropped their price target for the stock from $313.00 to $292.00 in a research note on Wednesday, July 13th. Wells Fargo & Company dropped their price target on Sherwin-Williams from $285.00 to $270.00 and set an "equal weight" rating on the stock in a research note on Monday, July 18th. Northcoast Research raised Sherwin-Williams from a "neutral" rating to a "buy" rating and set a $300.00 price target on the stock in a research note on Tuesday, July 12th. Finally, Credit Suisse Group assumed coverage on Sherwin-Williams in a research note on Tuesday, May 31st. They set an "underperform" rating and a $245.00 price target on the stock. One research analyst has rated the stock with a sell rating, nine have given a hold rating and eight have assigned a buy rating to the stock. According to MarketBeat, the stock has a consensus rating of "Hold" and an average price target of $310.39.
Sherwin-Williams Stock Performance
Shares of Sherwin-Williams stock opened at $225.85 on Thursday. The company has a market cap of $58.54 billion, a PE ratio of 33.96, a price-to-earnings-growth ratio of 2.22 and a beta of 1.05. The company has a quick ratio of 0.53, a current ratio of 0.87 and a debt-to-equity ratio of 3.86. The business has a 50 day moving average price of $242.52 and a 200-day moving average price of $249.76. The Sherwin-Williams Company has a 52 week low of $214.22 and a 52 week high of $354.15.
Sherwin-Williams (NYSE:SHW – Get Rating) last released its earnings results on Wednesday, July 27th. The specialty chemicals company reported $2.41 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.78 by ($0.37). The business had revenue of $2.87 billion during the quarter, compared to the consensus estimate of $6.01 billion. Sherwin-Williams had a net margin of 8.45% and a return on equity of 82.04%. The business's revenue was down 46.6% on a year-over-year basis. During the same period in the prior year, the company earned $2.65 earnings per share. Equities analysts anticipate that The Sherwin-Williams Company will post 8.65 earnings per share for the current fiscal year.
Sherwin-Williams Announces Dividend
The firm also recently announced a quarterly dividend, which was paid on Friday, September 9th. Stockholders of record on Friday, August 19th were issued a $0.60 dividend. This represents a $2.40 annualized dividend and a dividend yield of 1.06%. The ex-dividend date of this dividend was Thursday, August 18th. Sherwin-Williams's dividend payout ratio is presently 36.09%.
About Sherwin-Williams
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The Sherwin-Williams Company develops, manufactures, distributes, and sells paints, coatings, and related products to professional, industrial, commercial, and retail customers. It operates through three segments: The Americas Group, Consumer Brands Group, and Performance Coatings Group. The Americas Group segment offers architectural paints and coatings, and protective and marine products, as well as OEM product finishes and related products for architectural and industrial paint contractors, and do-it-yourself homeowners.
Further Reading
- Get a free copy of the StockNews.com research report on Sherwin-Williams (SHW)
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