FourThought Financial LLC trimmed its stake in The Sherwin-Williams Company (NYSE:SHW – Get Rating) by 22.6% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 1,377 shares of the specialty chemicals company’s stock after selling 402 shares during the quarter. FourThought Financial LLC’s holdings in Sherwin-Williams were worth $282,000 as of its most recent SEC filing.
A number of other large investors have also bought and sold shares of SHW. Price T Rowe Associates Inc. MD grew its holdings in Sherwin-Williams by 115.8% in the second quarter. Price T Rowe Associates Inc. MD now owns 10,250,997 shares of the specialty chemicals company’s stock worth $2,295,301,000 after purchasing an additional 5,499,972 shares during the period. Clearbridge Investments LLC grew its holdings in Sherwin-Williams by 655.3% in the second quarter. Clearbridge Investments LLC now owns 2,143,815 shares of the specialty chemicals company’s stock worth $480,022,000 after purchasing an additional 1,859,981 shares during the period. Arrowstreet Capital Limited Partnership lifted its stake in shares of Sherwin-Williams by 775.6% in the first quarter. Arrowstreet Capital Limited Partnership now owns 509,706 shares of the specialty chemicals company’s stock valued at $127,233,000 after buying an additional 451,493 shares in the last quarter. Vaughan Nelson Investment Management L.P. lifted its stake in shares of Sherwin-Williams by 99.1% in the third quarter. Vaughan Nelson Investment Management L.P. now owns 859,123 shares of the specialty chemicals company’s stock valued at $175,905,000 after buying an additional 427,561 shares in the last quarter. Finally, Two Sigma Investments LP lifted its stake in shares of Sherwin-Williams by 523.4% in the third quarter. Two Sigma Investments LP now owns 485,483 shares of the specialty chemicals company’s stock valued at $99,403,000 after buying an additional 407,609 shares in the last quarter. 76.03% of the stock is currently owned by institutional investors and hedge funds.
Analyst Upgrades and Downgrades
A number of research firms have weighed in on SHW. Royal Bank of Canada dropped their price objective on shares of Sherwin-Williams from $285.00 to $267.00 and set an “outperform” rating on the stock in a research note on Tuesday, January 31st. Mizuho dropped their price objective on shares of Sherwin-Williams from $267.00 to $255.00 and set a “buy” rating on the stock in a research note on Friday, January 27th. Barclays dropped their price objective on shares of Sherwin-Williams from $245.00 to $220.00 and set an “equal weight” rating on the stock in a research note on Monday, January 30th. JPMorgan Chase & Co. dropped their price target on shares of Sherwin-Williams from $260.00 to $235.00 and set an “overweight” rating on the stock in a research report on Friday, January 27th. Finally, Citigroup dropped their price target on shares of Sherwin-Williams from $270.00 to $251.00 and set a “neutral” rating on the stock in a research report on Friday, January 27th. One analyst has rated the stock with a sell rating, seven have issued a hold rating and twelve have issued a buy rating to the company’s stock. According to MarketBeat.com, Sherwin-Williams has a consensus rating of “Moderate Buy” and an average price target of $253.39.
Insider Buying and Selling
Sherwin-Williams Stock Performance
NYSE SHW opened at $220.35 on Friday. The company’s 50 day moving average is $231.58 and its 200-day moving average is $230.53. The Sherwin-Williams Company has a 12-month low of $195.24 and a 12-month high of $285.00. The company has a quick ratio of 0.55, a current ratio of 0.99 and a debt-to-equity ratio of 3.09. The firm has a market cap of $56.86 billion, a P/E ratio of 28.54, a price-to-earnings-growth ratio of 2.38 and a beta of 1.07.
Sherwin-Williams (NYSE:SHW – Get Rating) last posted its quarterly earnings results on Thursday, January 26th. The specialty chemicals company reported $1.89 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.84 by $0.05. Sherwin-Williams had a net margin of 9.12% and a return on equity of 90.04%. The company had revenue of $5.23 billion for the quarter, compared to analyst estimates of $5.26 billion. During the same quarter in the previous year, the firm posted $1.34 earnings per share. The company’s quarterly revenue was up 9.8% compared to the same quarter last year. Sell-side analysts predict that The Sherwin-Williams Company will post 8.71 earnings per share for the current year.
Sherwin-Williams Increases Dividend
The company also recently announced a quarterly dividend, which was paid on Friday, March 10th. Investors of record on Monday, February 27th were issued a dividend of $0.605 per share. This represents a $2.42 dividend on an annualized basis and a yield of 1.10%. The ex-dividend date of this dividend was Friday, February 24th. This is a positive change from Sherwin-Williams’s previous quarterly dividend of $0.60. Sherwin-Williams’s dividend payout ratio is 31.35%.
The Sherwin-Williams Co engages in the development, manufacture, distribution, and sale of paint and coatings. It operates through the following segments: America Group, Consumer Brands Group, and Performance Coating Group. The America Group segment manages the exclusive outlets for Sherwin-Williams branded paints, stains, supplies, equipment, and floor coverings.
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