O Brien Greene & Co. Inc reduced its stake in The Sherwin-Williams Company (NYSE:SHW) by 6.8% during the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 955 shares of the specialty chemicals company’s stock after selling 70 shares during the quarter. O Brien Greene & Co. Inc’s holdings in The Sherwin-Williams were worth $705,000 at the end of the most recent quarter.
Several other institutional investors and hedge funds also recently bought and sold shares of SHW. Berman Capital Advisors LLC boosted its position in The Sherwin-Williams by 5.9% during the 4th quarter. Berman Capital Advisors LLC now owns 252 shares of the specialty chemicals company’s stock worth $185,000 after acquiring an additional 14 shares during the period. First Horizon Advisors Inc. lifted its holdings in The Sherwin-Williams by 3.6% in the 4th quarter. First Horizon Advisors Inc. now owns 459 shares of the specialty chemicals company’s stock valued at $336,000 after acquiring an additional 16 shares during the last quarter. Michael B. Yongue raised its position in shares of The Sherwin-Williams by 1.9% during the fourth quarter. Michael B. Yongue now owns 912 shares of the specialty chemicals company’s stock worth $670,000 after purchasing an additional 17 shares during the period. Clear Perspective Advisors LLC lifted its stake in The Sherwin-Williams by 1.1% during the fourth quarter. Clear Perspective Advisors LLC now owns 1,517 shares of the specialty chemicals company’s stock valued at $1,115,000 after buying an additional 17 shares in the last quarter. Finally, Carderock Capital Management Inc. boosted its holdings in shares of The Sherwin-Williams by 0.3% in the fourth quarter. Carderock Capital Management Inc. now owns 6,292 shares of the specialty chemicals company’s stock worth $4,624,000 after buying an additional 18 shares during the period. 27.48% of the stock is currently owned by institutional investors and hedge funds.
Shares of The Sherwin-Williams stock traded down $1.81 during midday trading on Friday, reaching $276.05. 18,098 shares of the company’s stock traded hands, compared to its average volume of 1,420,125. The company has a debt-to-equity ratio of 2.55, a quick ratio of 0.58 and a current ratio of 0.90. The Sherwin-Williams Company has a 52 week low of $178.66 and a 52 week high of $293.05. The firm has a 50 day moving average of $274.73. The stock has a market capitalization of $73.42 billion, a P/E ratio of 36.04, a price-to-earnings-growth ratio of 2.82 and a beta of 1.08.
The Sherwin-Williams declared that its board has approved a share buyback plan on Wednesday, February 17th that permits the company to repurchase 15,000,000 outstanding shares. This repurchase authorization permits the specialty chemicals company to reacquire shares of its stock through open market purchases. Shares repurchase plans are typically an indication that the company’s leadership believes its stock is undervalued.
The business also recently announced a quarterly dividend, which was paid on Friday, June 4th. Investors of record on Friday, May 21st were issued a $0.55 dividend. The ex-dividend date of this dividend was Thursday, May 20th. This represents a $2.20 annualized dividend and a yield of 0.80%. The Sherwin-Williams’s dividend payout ratio (DPR) is currently 26.86%.
Several equities analysts have weighed in on SHW shares. Deutsche Bank Aktiengesellschaft lifted their price objective on shares of The Sherwin-Williams from $310.00 to $315.00 and gave the stock a “buy” rating in a research report on Wednesday. Robert W. Baird lifted their price target on The Sherwin-Williams from $300.00 to $325.00 and gave the company an “outperform” rating in a report on Wednesday. Wolfe Research initiated coverage on The Sherwin-Williams in a research note on Wednesday, March 17th. They issued a “peer perform” rating for the company. Jefferies Financial Group restated a “hold” rating and set a $800.00 price objective on shares of The Sherwin-Williams in a research report on Sunday, April 4th. Finally, BMO Capital Markets upped their target price on The Sherwin-Williams from $278.00 to $300.00 and gave the company an “outperform” rating in a report on Monday, May 3rd. Two research analysts have rated the stock with a hold rating and seventeen have issued a buy rating to the company. The company currently has an average rating of “Buy” and an average price target of $325.91.
The Sherwin-Williams Profile
The Sherwin-Williams Company develops, manufactures, distributes, and sells paints, coatings, and related products to professional, industrial, commercial, and retail customers. It operates in 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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