First National Bank of Omaha Sells 160 Shares of The Sherwin-Williams Company (NYSE:SHW)

First National Bank of Omaha trimmed its position in shares of The Sherwin-Williams Company (NYSE:SHWGet Rating) by 9.8% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,474 shares of the specialty chemicals company’s stock after selling 160 shares during the period. First National Bank of Omaha’s holdings in Sherwin-Williams were worth $368,000 as of its most recent SEC filing.

Other hedge funds also recently bought and sold shares of the company. Rational Advisors LLC lifted its stake in shares of Sherwin-Williams by 70.1% in the first 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 period. Lloyd Advisory Services LLC. lifted its stake in shares of Sherwin-Williams by 105.0% in the first quarter. Lloyd Advisory Services LLC. now owns 164 shares of the specialty chemicals company’s stock valued at $41,000 after buying an additional 84 shares during the period. First Financial Corp IN lifted its stake in shares of Sherwin-Williams by 121.8% in the first quarter. First Financial Corp IN now owns 173 shares of the specialty chemicals company’s stock valued at $43,000 after buying an additional 95 shares during the period. MCF Advisors LLC bought a new stake in shares of Sherwin-Williams in the first quarter valued at about $43,000. Finally, Cornerstone Advisory LLC bought a new stake in shares of Sherwin-Williams in the fourth quarter valued at about $44,000. 77.48% of the stock is currently owned by institutional investors.

Sherwin-Williams Price Performance

Shares of SHW stock opened at $221.56 on Friday. The stock’s fifty day moving average is $241.87 and its 200-day moving average is $249.41. The company has a debt-to-equity ratio of 3.86, a quick ratio of 0.53 and a current ratio of 0.87. The stock has a market capitalization of $57.42 billion, a PE ratio of 33.32, a PEG ratio of 2.17 and a beta of 1.05. The Sherwin-Williams Company has a 52 week low of $214.22 and a 52 week high of $354.15.

Sherwin-Williams (NYSE:SHWGet Rating) last announced its earnings results on Wednesday, July 27th. The specialty chemicals company reported $2.41 EPS for the quarter, missing the consensus estimate of $2.78 by ($0.37). The business had revenue of $2.87 billion for the quarter, compared to the consensus estimate of $6.01 billion. Sherwin-Williams had a return on equity of 82.04% and a net margin of 8.45%. Sherwin-Williams’s revenue for the quarter was down 46.6% on a year-over-year basis. During the same quarter in the previous year, the company posted $2.65 EPS. Equities research analysts expect that The Sherwin-Williams Company will post 8.65 EPS for the current fiscal year.

Sherwin-Williams Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, September 9th. Stockholders of record on Friday, August 19th were paid a dividend of $0.60 per share. This represents a $2.40 annualized dividend and a dividend yield of 1.08%. The ex-dividend date of this dividend was Thursday, August 18th. Sherwin-Williams’s dividend payout ratio (DPR) is presently 36.09%.

Analysts Set New Price Targets

Several equities research analysts recently weighed in on SHW shares. Deutsche Bank Aktiengesellschaft reduced their target price on shares of Sherwin-Williams from $315.00 to $275.00 in a research note on Thursday, July 28th. KeyCorp cut their price target on shares of Sherwin-Williams from $335.00 to $290.00 and set an “overweight” rating for the company in a research note on Thursday, July 28th. Bank of America lowered Sherwin-Williams from a “buy” rating to a “neutral” rating and lowered their price objective for the company from $313.00 to $292.00 in a research note on Wednesday, July 13th. Credit Suisse Group initiated coverage on Sherwin-Williams in a research note on Tuesday, May 31st. They issued an “underperform” rating and a $245.00 price target on the stock. Finally, Wells Fargo & Company lowered their price target on Sherwin-Williams from $285.00 to $270.00 and set an “equal weight” rating on the stock in a research report on Monday, July 18th. One investment analyst has rated the stock with a sell rating, nine have issued a hold rating and eight have given a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $310.39.

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

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