The Sherwin-Williams Company (NYSE:SHW) Shares Bought by Diversified Trust Co

Diversified Trust Co boosted its stake in shares of The Sherwin-Williams Company (NYSE:SHWGet Rating) by 31.7% during the 2nd quarter, according to its most recent filing with the SEC. The firm owned 2,113 shares of the specialty chemicals company’s stock after purchasing an additional 508 shares during the period. Diversified Trust Co’s holdings in Sherwin-Williams were worth $473,000 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. New England Professional Planning Group Inc. purchased a new stake in shares of Sherwin-Williams during the 1st quarter worth about $201,000. Cornerstone Advisory LLC purchased a new stake in shares of Sherwin-Williams during the 4th quarter worth about $44,000. Rational Advisors LLC boosted its stake in shares of Sherwin-Williams by 70.1% during the 1st quarter. Rational Advisors LLC now owns 131 shares of the specialty chemicals company’s stock worth $33,000 after acquiring an additional 54 shares in the last quarter. GoalVest Advisory LLC boosted its stake in shares of Sherwin-Williams by 76.0% during the 2nd quarter. GoalVest Advisory LLC now owns 132 shares of the specialty chemicals company’s stock worth $32,000 after acquiring an additional 57 shares in the last quarter. Finally, Lloyd Advisory Services LLC. boosted its stake in shares of Sherwin-Williams by 105.0% during the 1st quarter. Lloyd Advisory Services LLC. now owns 164 shares of the specialty chemicals company’s stock worth $41,000 after acquiring an additional 84 shares in the last quarter. 77.48% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several research firms have recently issued reports on SHW. Northcoast Research raised shares of Sherwin-Williams from a “neutral” rating to a “buy” rating and set a $300.00 target price on the stock in a research note on Tuesday, July 12th. Deutsche Bank Aktiengesellschaft lowered their target price on shares of Sherwin-Williams from $315.00 to $275.00 in a research note on Thursday, July 28th. Evercore ISI decreased their price target on shares of Sherwin-Williams to $305.00 in a research note on Thursday, June 9th. Wells Fargo & Company decreased their price target on shares of Sherwin-Williams from $285.00 to $270.00 and set an “equal weight” rating on the stock in a research note on Monday, July 18th. Finally, Bank of America lowered shares of Sherwin-Williams from a “buy” rating to a “neutral” rating and decreased their price target for the company from $313.00 to $292.00 in a research note on Wednesday, July 13th. One equities research analyst has rated the stock with a sell rating, nine have issued a hold rating and eight have given a buy rating to the company. According to MarketBeat, the company presently has an average rating of “Hold” and an average price target of $310.39.

Sherwin-Williams Trading Down 2.7 %

SHW opened at $208.05 on Friday. The company has a debt-to-equity ratio of 3.86, a current ratio of 0.87 and a quick ratio of 0.53. The company’s 50 day simple moving average is $239.24 and its two-hundred day simple moving average is $247.96. The Sherwin-Williams Company has a 1-year low of $207.68 and a 1-year high of $354.15. The firm has a market capitalization of $53.92 billion, a price-to-earnings ratio of 31.29, a price-to-earnings-growth ratio of 2.11 and a beta of 1.05.

Sherwin-Williams (NYSE:SHWGet Rating) last announced its quarterly earnings results on Wednesday, July 27th. The specialty chemicals company reported $2.41 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.78 by ($0.37). The firm had revenue of $2.87 billion for the quarter, compared to analyst estimates of $6.01 billion. Sherwin-Williams had a return on equity of 82.04% and a net margin of 8.45%. The firm’s quarterly revenue was down 46.6% on a year-over-year basis. During the same quarter in the prior year, the business earned $2.65 EPS. Analysts expect that The Sherwin-Williams Company will post 8.64 EPS for the current fiscal year.

Sherwin-Williams Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, September 9th. Stockholders of record on Friday, August 19th were issued a dividend of $0.60 per share. The ex-dividend date was Thursday, August 18th. This represents a $2.40 dividend on an annualized basis and a dividend yield of 1.15%. Sherwin-Williams’s dividend payout ratio is currently 36.09%.

Sherwin-Williams 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.

See Also

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

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