The Sherwin-Williams Company (NYSE:SHW) Shares Sold by International Assets Investment Management LLC

International Assets Investment Management LLC decreased its position in The Sherwin-Williams Company (NYSE:SHW) by 91.7% in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,798 shares of the specialty chemicals company’s stock after selling 19,964 shares during the quarter. International Assets Investment Management LLC’s holdings in Sherwin-Williams were worth $537,000 at the end of the most recent quarter.

A number of other hedge funds also recently made changes to their positions in the company. Mitsubishi UFJ Asset Management Co. Ltd. grew its holdings in Sherwin-Williams by 5.7% during the 4th quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 261,178 shares of the specialty chemicals company’s stock valued at $77,510,000 after purchasing an additional 13,984 shares in the last quarter. Waterloo Capital L.P. bought a new stake in shares of Sherwin-Williams in the 4th quarter worth about $360,000. Valeo Financial Advisors LLC raised its stake in shares of Sherwin-Williams by 7.9% in the 2nd quarter. Valeo Financial Advisors LLC now owns 2,636 shares of the specialty chemicals company’s stock valued at $787,000 after purchasing an additional 193 shares in the last quarter. Massmutual Trust Co. FSB ADV lifted its position in shares of Sherwin-Williams by 7.2% during the first quarter. Massmutual Trust Co. FSB ADV now owns 1,533 shares of the specialty chemicals company’s stock worth $532,000 after purchasing an additional 103 shares during the last quarter. Finally, Brevan Howard Capital Management LP grew its stake in Sherwin-Williams by 259.1% in the fourth quarter. Brevan Howard Capital Management LP now owns 6,998 shares of the specialty chemicals company’s stock worth $2,183,000 after purchasing an additional 5,049 shares in the last quarter. Hedge funds and other institutional investors own 77.67% of the company’s stock.

Sherwin-Williams Price Performance

Shares of NYSE:SHW opened at $369.37 on Friday. The company has a debt-to-equity ratio of 2.17, a quick ratio of 0.50 and a current ratio of 0.81. The company has a market capitalization of $93.18 billion, a PE ratio of 39.38, a price-to-earnings-growth ratio of 2.90 and a beta of 1.16. The stock has a fifty day moving average of $332.64 and a 200-day moving average of $323.02. The Sherwin-Williams Company has a one year low of $232.06 and a one year high of $370.27.

Sherwin-Williams (NYSE:SHW) last released its quarterly earnings results on Tuesday, July 23rd. The specialty chemicals company reported $3.70 earnings per share for the quarter, beating analysts’ consensus estimates of $3.51 by $0.19. Sherwin-Williams had a return on equity of 75.58% and a net margin of 10.92%. The business had revenue of $6.27 billion during the quarter, compared to analyst estimates of $6.33 billion. During the same quarter last year, the company posted $3.29 EPS. Sherwin-Williams’s revenue for the quarter was up .5% on a year-over-year basis. As a group, equities analysts anticipate that The Sherwin-Williams Company will post 11.47 EPS for the current fiscal year.

Sherwin-Williams Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, September 6th. Stockholders of record on Friday, August 16th will be given a $0.715 dividend. The ex-dividend date of this dividend is Friday, August 16th. This represents a $2.86 annualized dividend and a dividend yield of 0.77%. Sherwin-Williams’s dividend payout ratio (DPR) is presently 30.49%.

Analysts Set New Price Targets

SHW has been the topic of several research reports. Royal Bank of Canada restated an “outperform” rating and set a $418.00 price objective on shares of Sherwin-Williams in a research note on Friday. Wells Fargo & Company lifted their price objective on shares of Sherwin-Williams from $320.00 to $350.00 and gave the stock an “equal weight” rating in a report on Wednesday, July 24th. BMO Capital Markets boosted their target price on shares of Sherwin-Williams from $360.00 to $386.00 and gave the company an “outperform” rating in a research note on Wednesday, July 24th. Evercore ISI increased their price target on Sherwin-Williams from $365.00 to $380.00 and gave the stock an “outperform” rating in a research report on Friday. Finally, Morgan Stanley raised their target price on Sherwin-Williams from $338.00 to $375.00 and gave the company an “overweight” rating in a research note on Wednesday, July 24th. One analyst has rated the stock with a sell rating, seven have issued a hold rating, fourteen have issued a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $361.95.

About Sherwin-Williams

The Sherwin-Williams Company engages in the development, manufacture, distribution, and sale of paints, coating, and related products to professional, industrial, commercial, and retail customers. It operates through three segments: Paint Stores Group, Consumer Brands Group, and Performance Coatings Group.