Barclays PLC lowered its stake in shares of The Sherwin-Williams Company (NYSE:SHW – Free Report) by 21.8% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,544,692 shares of the specialty chemicals company’s stock after selling 429,482 shares during the quarter. Barclays PLC owned about 0.62% of Sherwin-Williams worth $500,527,000 as of its most recent SEC filing.
Other large investors have also recently bought and sold shares of the company. Ares Financial Consulting LLC purchased a new stake in Sherwin-Williams in the fourth quarter valued at approximately $27,000. Lloyd Advisory Services LLC. purchased a new stake in Sherwin-Williams in the fourth quarter valued at approximately $27,000. Lodestone Wealth Management LLC purchased a new stake in Sherwin-Williams in the fourth quarter valued at approximately $31,000. Rossby Financial LCC boosted its position in Sherwin-Williams by 96.0% in the third quarter. Rossby Financial LCC now owns 98 shares of the specialty chemicals company’s stock valued at $33,000 after buying an additional 48 shares during the last quarter. Finally, Meeder Asset Management Inc. purchased a new stake in Sherwin-Williams in the fourth quarter valued at approximately $33,000. Hedge funds and other institutional investors own 77.67% of the company’s stock.
Sherwin-Williams Trading Up 0.1%
Shares of NYSE:SHW opened at $317.25 on Friday. The Sherwin-Williams Company has a 1 year low of $289.86 and a 1 year high of $379.65. The firm has a market capitalization of $78.24 billion, a price-to-earnings ratio of 30.45, a price-to-earnings-growth ratio of 2.74 and a beta of 1.12. The company has a debt-to-equity ratio of 2.10, a current ratio of 0.86 and a quick ratio of 0.53. The business’s 50 day moving average price is $317.14 and its 200-day moving average price is $332.10.
Sherwin-Williams Announces Dividend
The firm also recently announced a quarterly dividend, which was paid on Friday, June 5th. Stockholders of record on Friday, May 22nd were given a dividend of $0.80 per share. The ex-dividend date was Friday, May 22nd. This represents a $3.20 dividend on an annualized basis and a dividend yield of 1.0%. Sherwin-Williams’s dividend payout ratio (DPR) is 30.71%.
Wall Street Analysts Forecast Growth
A number of equities research analysts recently commented on SHW shares. Weiss Ratings lowered Sherwin-Williams from a “hold (c+)” rating to a “hold (c)” rating in a research report on Tuesday, June 2nd. BMO Capital Markets set a $355.00 target price on Sherwin-Williams and gave the company an “outperform” rating in a research report on Wednesday, June 3rd. Royal Bank Of Canada dropped their target price on Sherwin-Williams from $390.00 to $376.00 and set an “outperform” rating on the stock in a research report on Thursday, March 19th. Zacks Research upgraded Sherwin-Williams from a “strong sell” rating to a “hold” rating in a research report on Tuesday, March 31st. Finally, JPMorgan Chase & Co. dropped their target price on Sherwin-Williams from $385.00 to $365.00 and set an “overweight” rating on the stock in a research report on Wednesday, April 29th. One analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating and six have assigned a Hold rating to the company. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $366.77.
Get Our Latest Research Report on SHW
About Sherwin-Williams
Sherwin-Williams (NYSE: SHW) is a global manufacturer and distributor of paints, coatings and related products. Founded in 1866 and headquartered in Cleveland, Ohio, the company supplies a broad range of coatings for residential, commercial and industrial applications. Its product offering includes architectural paints and stains, industrial and protective coatings, automotive finishes, and a variety of sundry products such as primers, sealants and specialty treatments used by professionals and consumers.
The company sells through multiple channels, including a large network of company-operated retail paint stores that serve professional contractors and do-it-yourself consumers, as well as through distributors and mass retailers.
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