Veriti Management LLC grew its stake in shares of The Sherwin-Williams Company (NYSE: SHW – Get Rating) by 6.0% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 4,982 shares of the specialty chemicals company stock after purchasing an additional 283 shares during the quarter. Veriti Management LLC’s holdings in Sherwin-Williams were worth $ 1,244,000 at the end of the most recent quarter.
Several other institutional investors and hedge funds also recently modified their holdings of SHW. Strategy Asset Managers LLC lifted its stake in Sherwin-Williams by 4.3% in the first quarter. Strategy Asset Managers LLC now owns 15,202 shares of the specialty chemicals company stock worth $ 3,795,000 after acquiring an additional 632 shares during the period. Orser Capital Management LLC lifted its stake in Sherwin-Williams by 53.0% in the first quarter. Orser Capital Management LLC now owns 2,065 shares of the specialty chemicals company stock worth $ 515,000 after acquiring an additional 715 shares during the period. Campbell Capital Management Inc. purchased a new stake in Sherwin-Williams in the first quarter worth about $ 4,569,000. Nordea Investment Management AB lifted its stake in Sherwin-Williams by 2.6% in the first quarter. Nordea Investment Management AB now owns 95,083 shares of the specialty chemicals company stock worth $ 24,034,000 after acquiring an additional 2,420 shares during the period. Finally, Bridges Investment Management Inc. lifted its stake in Sherwin-Williams by 0.8% in the first quarter. Bridges Investment Management Inc. now owns 73,679 shares of the specialty chemicals company stock worth $ 18,392,000 after acquiring an additional 607 shares during the period. 77.35% of the stock is owned by hedge funds and other institutional investors.
A number of analysts recently weighed in on SHW shares. TheStreet raised shares of Sherwin-Williams from a “c +” rating to a “b-” rating in a research note on Monday, May 2nd. Jefferies Financial Group decreased their price target on shares of Sherwin-Williams from $ 320.00 to $ 275.00 and set a “hold” rating for the company in a research report on Wednesday, March 9th. StockNews.com started coverage on shares of Sherwin-Williams in a research report on Thursday, March 31st. They set a “hold” rating for the company. Evercore ISI decreased their price target on shares of Sherwin-Williams to $ 305.00 in a research report on Thursday, June 9th. Finally, Bank of America raised shares of Sherwin-Williams from a “neutral” rating to a “buy” rating and decreased their price target for the company from $ 325.00 to $ 296.00 in a research report on Tuesday, March 22nd. One research analyst has rated the stock with a sell rating, eleven have given a hold rating and nine have assigned a buy rating to the stock. Based on data from MarketBeat, Sherwin-Williams presently has a consensus rating of “Hold” and an average target price of $ 319.79.
In other news, insider Justin T. Binns sold 1,542 shares of the firm’s stock in a transaction that occurred on Monday, May 23rd. The shares were sold at an average price of $ 259.99, for a total transaction of $ 400,904.58. Following the sale, the insider now owns 6,877 shares of the company stock, valued at approximately $ 1,787,951.23. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 0.48% of the stock is owned by company insiders.
Shares of NYSE: SHW opened at $ 220.15 on Wednesday. The Sherwin-Williams Company has a twelve month low of $ 214.22 and a twelve month high of $ 354.15. The company 50 day moving average is $ 260.02 and its 200 day moving average is $ 279.07. The company has a current ratio of 0.88, a quick ratio of 0.54 and a debt-to-equity ratio of 3.85. The company has a market cap of $ 57.27 billion, a PE ratio of 32.09, a price-to-earnings-growth ratio of 1.78 and a beta of 1.00.
Sherwin-Williams (NYSE: SHW – Get Rating) last issued its quarterly earnings results on Tuesday, April 26th. The specialty chemicals company reported $ 1.61 earnings per share for the quarter, topping the consensus estimate of $ 1.54 by $ 0.07. Sherwin-Williams had a net margin of 9.00% and a return on equity of 80.22%. The company had revenue of $ 5 billion for the quarter, compared to the estimate consensus of $ 4.92 billion. During the same quarter in the prior year, the company earned $ 2.06 EPS. Sherwin-Williams’s quarterly revenue was up 7.4% on a year-over-year basis. Equities research analysts predict that The Sherwin-Williams Company will post 9.48 earnings per share for the current fiscal year.
The firm also recently declared a quarterly dividend, which was paid on Friday, June 3rd. Investors of record on Friday, May 20th were issued a $ 0.60 dividend. The ex-dividend date was Thursday, May 19th. This represents a $ 2.40 annualized dividend and a yield of 1.09%. Sherwin-Williams’s dividend payout ratio (DPR) is presently 34.99%.
Sherwin-Williams Company Profile: (Get Rating)
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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