Healthcare of Ontario Pension Plan Trust Fund Buys 8,728 Shares of The Sherwin-Williams Company (NYSE:SHW)

Healthcare of Ontario Pension Plan Trust Fund boosted its stake in shares of The Sherwin-Williams Company (NYSE:SHWGet Rating) by 114.1% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 16,375 shares of the specialty chemicals company’s stock after acquiring an additional 8,728 shares during the quarter. Healthcare of Ontario Pension Plan Trust Fund’s holdings in Sherwin-Williams were worth $4,088,000 as of its most recent SEC filing.

Other large investors also recently added to or reduced their stakes in the company. State Street Corp grew its stake in shares of Sherwin-Williams by 1.2% during the fourth quarter. State Street Corp now owns 11,031,115 shares of the specialty chemicals company’s stock valued at $3,884,717,000 after buying an additional 135,716 shares during the last quarter. Massachusetts Financial Services Co. MA grew its stake in shares of Sherwin-Williams by 6.2% during the first quarter. Massachusetts Financial Services Co. MA now owns 8,651,975 shares of the specialty chemicals company’s stock valued at $2,159,706,000 after buying an additional 502,212 shares during the last quarter. Geode Capital Management LLC grew its stake in shares of Sherwin-Williams by 2.6% during the fourth quarter. Geode Capital Management LLC now owns 3,750,426 shares of the specialty chemicals company’s stock valued at $1,316,576,000 after buying an additional 94,212 shares during the last quarter. Capital International Investors grew its stake in shares of Sherwin-Williams by 97.3% during the fourth quarter. Capital International Investors now owns 3,375,591 shares of the specialty chemicals company’s stock valued at $1,188,688,000 after buying an additional 1,664,485 shares during the last quarter. Finally, WCM Investment Management LLC grew its stake in shares of Sherwin-Williams by 1.4% during the first quarter. WCM Investment Management LLC now owns 2,308,884 shares of the specialty chemicals company’s stock valued at $576,344,000 after buying an additional 31,006 shares during the last quarter. 77.48% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

SHW has been the topic of a number of analyst reports. Mizuho cut their target price on Sherwin-Williams from $310.00 to $294.00 and set a “buy” rating on the stock in a research note on Thursday, July 14th. Evercore ISI lowered their price target on Sherwin-Williams to $305.00 in a report on Thursday, June 9th. Northcoast Research upgraded Sherwin-Williams from a “neutral” rating to a “buy” rating and set a $300.00 price target for the company in a report on Tuesday, July 12th. Wells Fargo & Company lowered their price target on Sherwin-Williams from $285.00 to $270.00 and set an “equal weight” rating for the company in a report on Monday, July 18th. Finally, KeyCorp lowered their price target on Sherwin-Williams from $335.00 to $290.00 and set an “overweight” rating for the company in a report on Thursday, July 28th. One analyst has rated the stock with a sell rating, ten have issued a hold rating and nine have issued a buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $311.30.

Sherwin-Williams Stock Performance

Shares of SHW stock opened at $231.81 on Friday. The business’s fifty day simple moving average is $241.54 and its 200-day simple moving average is $251.82. The company has a market cap of $60.08 billion, a PE ratio of 34.86, a PEG ratio of 2.25 and a beta of 1.05. The company has a current ratio of 0.87, a quick ratio of 0.53 and a debt-to-equity ratio of 3.86. The Sherwin-Williams Company has a 12-month low of $214.22 and a 12-month high of $354.15.

Sherwin-Williams (NYSE:SHWGet Rating) last issued its quarterly earnings results on Wednesday, July 27th. The specialty chemicals company reported $2.41 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.78 by ($0.37). The business had revenue of $2.87 billion for the quarter, compared to analyst estimates 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 period in the previous year, the company posted $2.65 earnings per share. Analysts expect that The Sherwin-Williams Company will post 8.65 earnings per share for the current fiscal year.

Sherwin-Williams Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, September 9th. Stockholders of record on Friday, August 19th will be given a dividend of $0.60 per share. This represents a $2.40 dividend on an annualized basis and a dividend yield of 1.04%. The ex-dividend date is Thursday, August 18th. Sherwin-Williams’s 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.

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Institutional Ownership by Quarter for Sherwin-Williams (NYSE:SHW)

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