Parallel Advisors LLC Sells 37 Shares of The Sherwin-Williams Company (NYSE:SHW)

Parallel Advisors LLC trimmed its position in The Sherwin-Williams Company (NYSE:SHW) by 0.1% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 29,892 shares of the specialty chemicals company’s stock after selling 37 shares during the quarter. Parallel Advisors LLC’s holdings in Sherwin-Williams were worth $10,438,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Midwest Capital Advisors LLC purchased a new position in shares of Sherwin-Williams in the fourth quarter valued at $26,000. Park Square Financial Group LLC bought a new stake in Sherwin-Williams during the 4th quarter valued at about $27,000. Lee Danner & Bass Inc. purchased a new position in Sherwin-Williams during the 4th quarter valued at about $28,000. Sierra Ocean LLC purchased a new position in Sherwin-Williams during the 4th quarter valued at about $36,000. Finally, WR Wealth Planners LLC increased its position in Sherwin-Williams by 41.7% during the 4th quarter. WR Wealth Planners LLC now owns 119 shares of the specialty chemicals company’s stock valued at $40,000 after purchasing an additional 35 shares during the period. 77.67% of the stock is owned by hedge funds and other institutional investors.

Sherwin-Williams Price Performance

Shares of SHW opened at $355.66 on Friday. The stock’s fifty day moving average is $344.48 and its 200-day moving average is $354.05. The firm has a market capitalization of $89.13 billion, a price-to-earnings ratio of 33.71, a price-to-earnings-growth ratio of 2.98 and a beta of 1.25. The Sherwin-Williams Company has a one year low of $282.09 and a one year high of $400.42. The company has a debt-to-equity ratio of 2.02, a quick ratio of 0.46 and a current ratio of 0.79.

Sherwin-Williams (NYSE:SHW) last issued its quarterly earnings results on Tuesday, April 29th. The specialty chemicals company reported $2.25 earnings per share for the quarter, topping analysts’ consensus estimates of $2.23 by $0.02. Sherwin-Williams had a return on equity of 74.50% and a net margin of 11.61%. The firm had revenue of $5.31 billion for the quarter, compared to analysts’ expectations of $5.42 billion. During the same quarter last year, the business posted $2.17 EPS. Sherwin-Williams’s revenue was down 1.1% on a year-over-year basis. Equities analysts anticipate that The Sherwin-Williams Company will post 12 EPS for the current year.

Sherwin-Williams Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, June 6th. Stockholders of record on Friday, May 16th will be paid a dividend of $0.79 per share. This represents a $3.16 annualized dividend and a dividend yield of 0.89%. The ex-dividend date of this dividend is Friday, May 16th. Sherwin-Williams’s dividend payout ratio (DPR) is presently 29.87%.

Analysts Set New Price Targets

SHW has been the topic of a number of analyst reports. Mizuho set a $395.00 price objective on shares of Sherwin-Williams in a research report on Tuesday, April 15th. Royal Bank of Canada boosted their target price on shares of Sherwin-Williams from $410.00 to $420.00 and gave the company an “outperform” rating in a research note on Thursday, May 1st. Wells Fargo & Company upgraded shares of Sherwin-Williams from an “equal weight” rating to an “overweight” rating and boosted their target price for the company from $350.00 to $420.00 in a research note on Wednesday, April 30th. UBS Group cut their price target on shares of Sherwin-Williams from $430.00 to $400.00 and set a “buy” rating for the company in a report on Monday, April 7th. Finally, Barclays dropped their target price on shares of Sherwin-Williams from $385.00 to $355.00 and set an “equal weight” rating for the company in a report on Tuesday, April 1st. Five equities research analysts have rated the stock with a hold rating, eleven have given a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $397.00.

Sherwin-Williams Profile

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.