Trust Co. of Vermont trimmed its position in The Sherwin-Williams Company (NYSE:SHW – Get Rating) by 30.4% in the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 604 shares of the specialty chemicals company's stock after selling 264 shares during the period. Trust Co. of Vermont's holdings in Sherwin-Williams were worth $135,000 at the end of the most recent quarter.
A number of other hedge funds and other institutional investors have also added to or reduced their stakes in SHW. GoalVest Advisory LLC boosted its stake in Sherwin-Williams by 76.0% during the 2nd quarter. GoalVest Advisory LLC now owns 132 shares of the specialty chemicals company's stock valued at $32,000 after purchasing an additional 57 shares during the last quarter. TCI Wealth Advisors Inc. boosted its stake in shares of Sherwin-Williams by 257.5% in the 2nd quarter. TCI Wealth Advisors Inc. now owns 143 shares of the specialty chemicals company's stock worth $32,000 after buying an additional 103 shares during the last quarter. Rational Advisors LLC boosted its stake 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 worth $33,000 after buying an additional 54 shares during the last quarter. Lloyd Advisory Services LLC. boosted 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 worth $41,000 after buying an additional 84 shares during the last quarter. Finally, First Financial Corp IN boosted 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 worth $43,000 after buying an additional 95 shares during the last quarter. 77.48% of the stock is owned by institutional investors.
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Wall Street Analysts Forecast Growth
A number of equities analysts have recently weighed in on SHW shares. Evercore ISI lowered their price target on shares of Sherwin-Williams to $305.00 in a report on Thursday, June 9th. Wells Fargo & Company lowered their price target on shares of Sherwin-Williams from $285.00 to $270.00 and set an "equal weight" rating on the stock in a report on Monday, July 18th. KeyCorp lowered their price target on shares of Sherwin-Williams from $335.00 to $290.00 and set an "overweight" rating on the stock in a report on Thursday, July 28th. Mizuho lowered their target price on shares of Sherwin-Williams from $310.00 to $294.00 and set a "buy" rating on the stock in a report on Thursday, July 14th. Finally, Northcoast Research raised shares of Sherwin-Williams from a "neutral" rating to a "buy" rating and set a $300.00 target price on the stock in a report on Tuesday, July 12th. One research analyst has rated the stock with a sell rating, nine have assigned a hold rating and eight have assigned a buy rating to the stock. According to data from MarketBeat, Sherwin-Williams presently has an average rating of "Hold" and an average price target of $310.39.
Sherwin-Williams Stock Performance
NYSE SHW opened at $204.75 on Friday. The company has a 50-day simple moving average of $234.30 and a two-hundred day simple moving average of $246.76. 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 Sherwin-Williams Company has a 12-month low of $204.57 and a 12-month high of $354.15. The firm has a market cap of $53.07 billion, a price-to-earnings ratio of 30.79, a PEG ratio of 2.00 and a beta of 1.05.
Sherwin-Williams (NYSE:SHW – Get Rating) last posted its earnings results on Wednesday, July 27th. The specialty chemicals company reported $2.41 earnings per share for the quarter, missing analysts' consensus estimates of $2.81 by ($0.40). The firm had revenue of $2.87 billion for the quarter, compared to analysts' expectations of $6.01 billion. Sherwin-Williams had a return on equity of 82.04% and a net margin of 8.45%. The business's revenue for the quarter was down 46.6% on a year-over-year basis. During the same quarter in the prior year, the company posted $2.65 earnings per share. On average, equities analysts forecast that The Sherwin-Williams Company will post 8.64 EPS for the current year.
Sherwin-Williams Announces Dividend
The business also recently declared a quarterly dividend, which was paid on Friday, September 9th. Investors of record on Friday, August 19th were paid a $0.60 dividend. This represents a $2.40 dividend on an annualized basis and a yield of 1.17%. The ex-dividend date was Thursday, August 18th. Sherwin-Williams's payout ratio is currently 36.09%.
Sherwin-Williams Profile
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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.
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