L. Roy Papp & Associates LLP Has $2.67 Million Stake in The Sherwin-Williams Company (NYSE:SHW)

L. Roy Papp & Associates LLP cut its position in shares of The Sherwin-Williams Company (NYSE:SHW) by 2.2% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 8,950 shares of the specialty chemicals company’s stock after selling 200 shares during the quarter. L. Roy Papp & Associates LLP’s holdings in Sherwin-Williams were worth $2,671,000 at the end of the most recent reporting period.

A number of other hedge funds have also bought and sold shares of SHW. First United Bank & Trust acquired a new stake in shares of Sherwin-Williams during the 4th quarter worth approximately $31,000. Tortoise Investment Management LLC increased its stake in Sherwin-Williams by 158.5% in the fourth quarter. Tortoise Investment Management LLC now owns 106 shares of the specialty chemicals company’s stock valued at $33,000 after purchasing an additional 65 shares in the last quarter. Northwest Investment Counselors LLC acquired a new position in shares of Sherwin-Williams during the first quarter valued at about $47,000. Rise Advisors LLC boosted its position in shares of Sherwin-Williams by 1,154.5% during the 1st quarter. Rise Advisors LLC now owns 138 shares of the specialty chemicals company’s stock worth $48,000 after purchasing an additional 127 shares in the last quarter. Finally, Rational Advisors LLC acquired a new stake in shares of Sherwin-Williams in the 1st quarter valued at about $57,000. Institutional investors own 77.67% of the company’s stock.

Analysts Set New Price Targets

Several research analysts have issued reports on the company. Redburn Atlantic upgraded Sherwin-Williams to a “strong-buy” rating in a report on Thursday, July 18th. Evercore ISI lifted their price target on shares of Sherwin-Williams from $360.00 to $365.00 and gave the company an “outperform” rating in a research report on Wednesday, July 24th. Robert W. Baird lifted their price objective on shares of Sherwin-Williams from $310.00 to $325.00 and gave the company a “neutral” rating in a report on Wednesday, July 24th. KeyCorp upped their target price on shares of Sherwin-Williams from $400.00 to $410.00 and gave the stock an “overweight” rating in a report on Wednesday, July 24th. Finally, The Goldman Sachs Group lifted their price target on Sherwin-Williams from $344.00 to $390.00 and gave the company a “buy” rating in a research note on Wednesday, July 24th. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating, thirteen have assigned a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $355.00.

Sherwin-Williams Stock Performance

SHW traded up $0.82 during midday trading on Friday, reaching $358.73. The company had a trading volume of 1,358,121 shares, compared to its average volume of 1,622,454. The business has a 50-day moving average price of $325.28 and a two-hundred day moving average price of $320.84. The company has a debt-to-equity ratio of 2.17, a quick ratio of 0.50 and a current ratio of 0.81. The Sherwin-Williams Company has a 12-month low of $232.06 and a 12-month high of $360.70. The stock has a market cap of $90.49 billion, a PE ratio of 38.25, a P/E/G ratio of 2.79 and a beta of 1.16.

Sherwin-Williams (NYSE:SHW) last announced its quarterly earnings data on Tuesday, July 23rd. The specialty chemicals company reported $3.70 earnings per share for the quarter, beating the consensus estimate of $3.51 by $0.19. The business had revenue of $6.27 billion during the quarter, compared to analyst estimates of $6.33 billion. Sherwin-Williams had a return on equity of 75.58% and a net margin of 10.92%. Sherwin-Williams’s revenue was up .5% compared to the same quarter last year. During the same period in the prior year, the company earned $3.29 earnings per share. On average, sell-side analysts expect that The Sherwin-Williams Company will post 11.44 earnings per share for the current fiscal year.

Sherwin-Williams Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, September 6th. Shareholders of record on Friday, August 16th will be issued a dividend of $0.715 per share. This represents a $2.86 annualized dividend and a yield of 0.80%. The ex-dividend date is Friday, August 16th. Sherwin-Williams’s dividend payout ratio (DPR) is presently 30.49%.

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.