CHICAGO TRUST Co NA decreased its holdings in The Sherwin-Williams Company (NYSE:SHW – Free Report) by 33.6% in the 1st quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 3,411 shares of the specialty chemicals company’s stock after selling 1,723 shares during the quarter. CHICAGO TRUST Co NA’s holdings in Sherwin-Williams were worth $1,093,000 as of its most recent filing with the SEC.
Other large investors also recently modified their holdings of the company. Norges Bank bought a new stake in shares of Sherwin-Williams during the 4th quarter worth about $1,089,450,000. Viking Global Investors LP grew its holdings in shares of Sherwin-Williams by 101.4% in the 2nd quarter. Viking Global Investors LP now owns 1,957,750 shares of the specialty chemicals company’s stock worth $672,213,000 after acquiring an additional 985,520 shares during the last quarter. Balyasny Asset Management L.P. raised its holdings in Sherwin-Williams by 53,827.1% during the 4th quarter. Balyasny Asset Management L.P. now owns 662,225 shares of the specialty chemicals company’s stock worth $214,581,000 after buying an additional 660,997 shares during the period. Vanguard Group Inc. raised its holdings in shares of Sherwin-Williams by 2.7% during the fourth quarter. Vanguard Group Inc. now owns 23,237,824 shares of the specialty chemicals company’s stock valued at $7,529,752,000 after acquiring an additional 600,119 shares during the period. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its stake in Sherwin-Williams by 34.0% during the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 2,023,949 shares of the specialty chemicals company’s stock valued at $655,820,000 after purchasing an additional 513,126 shares during the period. 77.67% of the stock is owned by institutional investors and hedge funds.
Sherwin-Williams Price Performance
NYSE SHW opened at $346.05 on Thursday. The company has a quick ratio of 0.53, a current ratio of 0.86 and a debt-to-equity ratio of 2.10. The stock has a market capitalization of $85.35 billion, a PE ratio of 33.21, a price-to-earnings-growth ratio of 2.97 and a beta of 1.10. The Sherwin-Williams Company has a 12-month low of $289.86 and a 12-month high of $379.65. The company has a 50 day moving average price of $317.08 and a two-hundred day moving average price of $331.54.
Sherwin-Williams Announces Dividend
The business also recently declared a quarterly dividend, which was paid on Friday, June 5th. Shareholders of record on Friday, May 22nd were given a $0.80 dividend. The ex-dividend date of this dividend was Friday, May 22nd. This represents a $3.20 dividend on an annualized basis and a dividend yield of 0.9%. Sherwin-Williams’s payout ratio is currently 30.71%.
Analysts Set New Price Targets
A number of equities research analysts have commented on SHW shares. Evercore restated an “outperform” rating on shares of Sherwin-Williams in a research report on Friday, May 8th. JPMorgan Chase & Co. decreased their price target on shares of Sherwin-Williams from $385.00 to $365.00 and set an “overweight” rating for the company in a report on Wednesday, April 29th. Bank of America dropped their price objective on shares of Sherwin-Williams from $370.00 to $365.00 and set a “neutral” rating on the stock in a research note on Tuesday, April 21st. Wells Fargo & Company cut their target price on shares of Sherwin-Williams from $365.00 to $350.00 and set an “equal weight” rating for the company in a research report on Wednesday, April 29th. Finally, Citigroup assumed coverage on shares of Sherwin-Williams in a report on Wednesday, June 24th. They set an “overweight” rating on the stock. Eight equities research analysts have rated the stock with a Buy rating and six have given a Hold rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $368.69.
Read Our Latest Stock Report on Sherwin-Williams
Sherwin-Williams Profile
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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