The Sherwin-Williams Company (NYSE:SHW) Shares Sold by Cozad Asset Management Inc.

Cozad Asset Management Inc. trimmed its stake in The Sherwin-Williams Company (NYSE:SHW) by 26.8% in the first quarter, HoldingsChannel.com reports. The fund owned 8,549 shares of the specialty chemicals company’s stock after selling 3,125 shares during the quarter. Cozad Asset Management Inc.’s holdings in Sherwin-Williams were worth $2,985,000 at the end of the most recent reporting period.

Other institutional investors also recently made changes to their positions in the company. Voleon Capital Management LP acquired a new position in Sherwin-Williams in the fourth quarter valued at $2,011,000. Kingswood Wealth Advisors LLC increased its stake in Sherwin-Williams by 25.0% in the first quarter. Kingswood Wealth Advisors LLC now owns 1,006 shares of the specialty chemicals company’s stock valued at $352,000 after purchasing an additional 201 shares during the last quarter. Sowell Financial Services LLC acquired a new position in Sherwin-Williams in the first quarter valued at $306,000. Wealthcare Advisory Partners LLC increased its stake in Sherwin-Williams by 18.4% in the first quarter. Wealthcare Advisory Partners LLC now owns 882 shares of the specialty chemicals company’s stock valued at $308,000 after purchasing an additional 137 shares during the last quarter. Finally, GAMMA Investing LLC increased its stake in Sherwin-Williams by 19.8% in the first quarter. GAMMA Investing LLC now owns 4,686 shares of the specialty chemicals company’s stock valued at $1,636,000 after purchasing an additional 773 shares during the last quarter. 77.67% of the stock is owned by institutional investors and hedge funds.

Sherwin-Williams Price Performance

Shares of NYSE SHW opened at $336.29 on Tuesday. The Sherwin-Williams Company has a 1-year low of $308.84 and a 1-year high of $400.42. The business has a 50-day moving average of $347.64 and a 200-day moving average of $348.30. The company has a debt-to-equity ratio of 1.78, a current ratio of 0.78 and a quick ratio of 0.48. The company has a market capitalization of $84.27 billion, a price-to-earnings ratio of 33.36, a PEG ratio of 3.21 and a beta of 1.18.

Sherwin-Williams (NYSE:SHW) last issued its earnings results on Tuesday, July 22nd. The specialty chemicals company reported $3.38 earnings per share for the quarter, missing the consensus estimate of $3.76 by ($0.38). Sherwin-Williams had a return on equity of 66.91% and a net margin of 11.03%. The company had revenue of $6.31 billion during the quarter, compared to analysts’ expectations of $6.31 billion. During the same period in the previous year, the company earned $3.70 EPS. Sherwin-Williams’s quarterly revenue was up .6% on a year-over-year basis. On average, equities analysts anticipate that The Sherwin-Williams Company will post 12 EPS for the current fiscal year.

Sherwin-Williams Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, September 5th. Stockholders of record on Friday, August 15th will be given a $0.79 dividend. This represents a $3.16 annualized dividend and a dividend yield of 0.94%. The ex-dividend date of this dividend is Friday, August 15th. Sherwin-Williams’s payout ratio is 31.35%.

Analysts Set New Price Targets

SHW has been the subject of several analyst reports. Loop Capital dropped their target price on Sherwin-Williams from $395.00 to $380.00 and set a “buy” rating for the company in a research note on Wednesday, July 23rd. BMO Capital Markets dropped their target price on Sherwin-Williams from $405.00 to $391.00 and set an “outperform” rating for the company in a research note on Wednesday, July 23rd. Morgan Stanley dropped their target price on Sherwin-Williams from $405.00 to $385.00 and set an “overweight” rating for the company in a research note on Tuesday, April 22nd. Citigroup dropped their target price on Sherwin-Williams from $385.00 to $375.00 and set a “neutral” rating for the company in a research note on Wednesday, July 23rd. Finally, Mizuho dropped their target price on Sherwin-Williams from $400.00 to $385.00 and set an “outperform” rating for the company in a research note on Wednesday, July 23rd. One investment analyst has rated the stock with a sell rating, six have given a hold rating, ten have assigned a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, Sherwin-Williams currently has a consensus rating of “Moderate Buy” and an average target price of $383.33.

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.