The Sherwin-Williams Company (NYSE:SHW) Shares Sold by Stokes Capital Advisors LLC

Stokes Capital Advisors LLC reduced its holdings in The Sherwin-Williams Company (NYSE:SHW) by 1.1% during the 1st quarter, Holdings Channel reports. The fund owned 24,654 shares of the specialty chemicals company’s stock after selling 271 shares during the period. Sherwin-Williams makes up about 2.5% of Stokes Capital Advisors LLC’s holdings, making the stock its 11th largest holding. Stokes Capital Advisors LLC’s holdings in Sherwin-Williams were worth $8,563,000 at the end of the most recent reporting period.

Several other large investors have also made changes to their positions in SHW. Norges Bank purchased a new stake in shares of Sherwin-Williams in the 4th quarter valued at $1,176,356,000. Alphinity Investment Management Pty Ltd purchased a new stake in shares of Sherwin-Williams in the 4th quarter valued at $432,737,000. Capital World Investors boosted its holdings in shares of Sherwin-Williams by 38.9% in the 4th quarter. Capital World Investors now owns 3,840,789 shares of the specialty chemicals company’s stock valued at $1,197,952,000 after acquiring an additional 1,075,351 shares during the last quarter. International Assets Investment Management LLC boosted its holdings in shares of Sherwin-Williams by 2,853.9% in the 4th quarter. International Assets Investment Management LLC now owns 650,186 shares of the specialty chemicals company’s stock valued at $202,793,000 after acquiring an additional 628,175 shares during the last quarter. Finally, Public Employees Retirement Association of Colorado boosted its holdings in shares of Sherwin-Williams by 8,986.8% in the 4th quarter. Public Employees Retirement Association of Colorado now owns 534,121 shares of the specialty chemicals company’s stock valued at $166,592,000 after acquiring an additional 528,243 shares during the last quarter. 77.67% of the stock is owned by hedge funds and other institutional investors.

Sherwin-Williams Stock Up 0.4 %

Shares of NYSE SHW traded up $1.15 during midday trading on Friday, hitting $298.15. The company’s stock had a trading volume of 153,936 shares, compared to its average volume of 1,564,070. The Sherwin-Williams Company has a 1 year low of $232.06 and a 1 year high of $348.37. The business’s fifty day simple moving average is $305.49 and its two-hundred day simple moving average is $313.37. The company has a debt-to-equity ratio of 2.32, a current ratio of 0.78 and a quick ratio of 0.46. The firm has a market capitalization of $75.60 billion, a price-to-earnings ratio of 31.66, a price-to-earnings-growth ratio of 2.39 and a beta of 1.17.

Sherwin-Williams (NYSE:SHW) last issued its quarterly earnings results on Tuesday, April 23rd. The specialty chemicals company reported $2.17 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.22 by ($0.05). Sherwin-Williams had a return on equity of 73.74% and a net margin of 10.52%. The firm had revenue of $5.37 billion during the quarter, compared to analysts’ expectations of $5.50 billion. During the same quarter in the prior year, the firm earned $2.04 EPS. The firm’s revenue was down 1.4% compared to the same quarter last year. On average, equities analysts predict that The Sherwin-Williams Company will post 11.43 EPS for the current year.

Sherwin-Williams Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, June 7th. Investors of record on Friday, May 17th were paid a $0.715 dividend. The ex-dividend date was Thursday, May 16th. This represents a $2.86 dividend on an annualized basis and a yield of 0.96%. Sherwin-Williams’s dividend payout ratio is currently 30.49%.

Wall Street Analysts Forecast Growth

A number of analysts recently issued reports on SHW shares. Citigroup lowered their price target on shares of Sherwin-Williams from $390.00 to $370.00 and set a “buy” rating on the stock in a report on Thursday, April 25th. Wolfe Research began coverage on shares of Sherwin-Williams in a report on Friday, March 1st. They set a “peer perform” rating on the stock. JPMorgan Chase & Co. decreased their price objective on shares of Sherwin-Williams from $317.00 to $315.00 and set an “overweight” rating on the stock in a report on Wednesday, April 24th. StockNews.com cut shares of Sherwin-Williams from a “buy” rating to a “hold” rating in a research report on Thursday, April 25th. Finally, Robert W. Baird raised their price objective on shares of Sherwin-Williams from $300.00 to $310.00 and gave the stock a “neutral” rating in a research report on Wednesday, April 24th. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating and twelve have given a buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $343.41.

Sherwin-Williams Company Profile

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.