Findlay Park Partners LLP trimmed its stake in shares of Sherwin-Williams (NYSE:SHW) by 15.2% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 500,341 shares of the specialty chemicals company’s stock after selling 90,000 shares during the quarter. Sherwin-Williams makes up 2.0% of Findlay Park Partners LLP’s holdings, making the stock its 20th biggest holding. Findlay Park Partners LLP owned about 0.53% of Sherwin-Williams worth $196,194,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Several other institutional investors and hedge funds also recently modified their holdings of SHW. USA Mutuals Advisors Inc. bought a new position in shares of Sherwin-Williams during the fourth quarter worth about $106,000. Prime Capital Investment Advisors LLC increased its holdings in Sherwin-Williams by 129.4% in the first quarter. Prime Capital Investment Advisors LLC now owns 500 shares of the specialty chemicals company’s stock worth $196,000 after purchasing an additional 282 shares in the last quarter. BTIM Corp. bought a new stake in Sherwin-Williams in the fourth quarter worth approximately $202,000. Chemung Canal Trust Co. bought a new stake in Sherwin-Williams in the fourth quarter worth approximately $204,000. Finally, S. R. Schill & Associates bought a new stake in Sherwin-Williams in the fourth quarter worth approximately $205,000. Institutional investors own 74.96% of the company’s stock.
A number of brokerages have weighed in on SHW. Royal Bank of Canada lowered their target price on Sherwin-Williams to $470.00 and set an “outperform” rating for the company in a report on Thursday, April 26th. Zacks Investment Research downgraded Sherwin-Williams from a “buy” rating to a “hold” rating in a report on Thursday, April 26th. Barclays lowered their target price on Sherwin-Williams from $450.00 to $420.00 and set an “equal weight” rating for the company in a report on Wednesday, April 25th. Credit Suisse Group lowered their target price on Sherwin-Williams from $473.00 to $457.00 and set an “outperform” rating for the company in a report on Wednesday, April 25th. Finally, BMO Capital Markets began coverage on Sherwin-Williams in a report on Tuesday, March 27th. They issued a “market perform” rating and a $453.00 target price for the company. One research analyst has rated the stock with a sell rating, nine have issued a hold rating, fifteen have given a buy rating and one has issued a strong buy rating to the company’s stock. Sherwin-Williams currently has a consensus rating of “Buy” and a consensus target price of $437.90.
Sherwin-Williams opened at $387.57 on Monday, according to MarketBeat Ratings. The company has a market cap of $36.26 billion, a PE ratio of 24.55, a PEG ratio of 1.73 and a beta of 1.17. Sherwin-Williams has a 52 week low of $326.68 and a 52 week high of $435.15. The company has a quick ratio of 0.67, a current ratio of 1.13 and a debt-to-equity ratio of 2.68.
Sherwin-Williams (NYSE:SHW) last released its quarterly earnings data on Tuesday, April 24th. The specialty chemicals company reported $3.57 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $3.16 by $0.41. The firm had revenue of $3.97 billion during the quarter, compared to the consensus estimate of $3.94 billion. Sherwin-Williams had a return on equity of 48.06% and a net margin of 11.02%. The company’s quarterly revenue was up 43.6% on a year-over-year basis. During the same quarter in the previous year, the company posted $2.27 earnings per share. equities analysts anticipate that Sherwin-Williams will post 18.78 earnings per share for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, June 1st. Stockholders of record on Friday, May 18th will be issued a dividend of $0.86 per share. The ex-dividend date is Thursday, May 17th. This represents a $3.44 annualized dividend and a dividend yield of 0.89%. Sherwin-Williams’s dividend payout ratio is 24.11%.
In other news, insider Peter J. Ippolito sold 750 shares of the business’s stock in a transaction that occurred on Wednesday, March 14th. The stock was sold at an average price of $409.26, for a total transaction of $306,945.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Insiders own 0.78% of the company’s stock.
Sherwin-Williams Company Profile
The Sherwin-Williams Company develops, manufactures, distributes, and sells paints, coatings, and related products to professional, industrial, commercial, and retail customers primarily in North and South America, the Caribbean, Europe, Asia, and Australia. The company operates in three segments: The Americas Group, Consumer Brands Group, and Performance Coatings Group.
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