Brinker Capital Investments LLC lifted its position in shares of The Sherwin-Williams Company (NYSE:SHW – Get Rating) by 127.2% in the first quarter, according to its most recent disclosure with the SEC. The institutional investor owned 55,321 shares of the specialty chemicals company’s stock after buying an additional 30,972 shares during the quarter. Brinker Capital Investments LLC’s holdings in Sherwin-Williams were worth $13,809,000 as of its most recent SEC filing.
A number of other hedge funds and other institutional investors also recently modified their holdings of SHW. Vanguard Group Inc. raised its stake in Sherwin-Williams by 0.3% in the first quarter. Vanguard Group Inc. now owns 20,675,058 shares of the specialty chemicals company’s stock valued at $5,160,908,000 after purchasing an additional 61,660 shares in the last quarter. BlackRock Inc. raised its stake in Sherwin-Williams by 0.9% in the first quarter. BlackRock Inc. now owns 17,303,618 shares of the specialty chemicals company’s stock valued at $4,319,329,000 after purchasing an additional 149,496 shares in the last quarter. State Street Corp raised its stake in Sherwin-Williams by 1.2% in the fourth quarter. State Street Corp now owns 11,031,115 shares of the specialty chemicals company’s stock valued at $3,884,717,000 after purchasing an additional 135,716 shares in the last quarter. Massachusetts Financial Services Co. MA raised its stake in Sherwin-Williams by 6.2% in the first quarter. Massachusetts Financial Services Co. MA now owns 8,651,975 shares of the specialty chemicals company’s stock valued at $2,159,706,000 after purchasing an additional 502,212 shares in the last quarter. Finally, Geode Capital Management LLC raised its stake in Sherwin-Williams by 2.6% in the fourth quarter. Geode Capital Management LLC now owns 3,750,426 shares of the specialty chemicals company’s stock valued at $1,316,576,000 after purchasing an additional 94,212 shares in the last quarter. Institutional investors and hedge funds own 77.48% of the company’s stock.
Sherwin-Williams Stock Performance
Shares of SHW stock opened at $240.35 on Monday. The business’s 50 day simple moving average is $242.60 and its 200 day simple moving average is $250.12. The Sherwin-Williams Company has a one year low of $214.22 and a one year high of $354.15. The stock has a market capitalization of $62.29 billion, a PE ratio of 36.14, a PEG ratio of 2.31 and a beta of 1.05. The company has a debt-to-equity ratio of 3.86, a current ratio of 0.87 and a quick ratio of 0.53.
Sherwin-Williams (NYSE:SHW – Get Rating) last issued its earnings results on Wednesday, July 27th. The specialty chemicals company reported $2.41 earnings per share for the quarter, missing analysts’ consensus estimates of $2.78 by ($0.37). Sherwin-Williams had a return on equity of 82.04% and a net margin of 8.45%. The firm had revenue of $2.87 billion for the quarter, compared to analyst estimates of $6.01 billion. During the same period in the previous year, the company earned $2.65 earnings per share. Sherwin-Williams’s revenue for the quarter was down 46.6% compared to the same quarter last year. As a group, research analysts forecast that The Sherwin-Williams Company will post 8.65 earnings per share for the current year.
Sherwin-Williams Announces Dividend
The business also recently announced a quarterly dividend, which was paid on Friday, September 9th. Shareholders of record on Friday, August 19th were paid a $0.60 dividend. The ex-dividend date of this dividend was Thursday, August 18th. This represents a $2.40 annualized dividend and a yield of 1.00%. Sherwin-Williams’s dividend payout ratio is currently 36.09%.
Analyst Ratings Changes
A number of research analysts recently commented on the company. KeyCorp dropped their price target on Sherwin-Williams from $335.00 to $290.00 and set an “overweight” rating for the company in a research note on Thursday, July 28th. Northcoast Research raised Sherwin-Williams from a “neutral” rating to a “buy” rating and set a $300.00 price target for the company in a research note on Tuesday, July 12th. Deutsche Bank Aktiengesellschaft lowered their target price on Sherwin-Williams from $315.00 to $275.00 in a research note on Thursday, July 28th. Bank of America downgraded Sherwin-Williams from a “buy” rating to a “neutral” rating and lowered their target price for the stock from $313.00 to $292.00 in a research note on Wednesday, July 13th. Finally, Evercore ISI lowered their target price on Sherwin-Williams to $305.00 in a research note on Thursday, June 9th. One analyst has rated the stock with a sell rating, nine have issued a hold rating and eight have assigned a buy rating to the stock. Based on data from MarketBeat.com, Sherwin-Williams has a consensus rating of “Hold” and an average price target of $310.39.
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. It operates through three segments: The Americas Group, Consumer Brands Group, and Performance Coatings Group. The Americas Group segment offers architectural paints and coatings, and protective and marine products, as well as OEM product finishes and related products for architectural and industrial paint contractors, and do-it-yourself homeowners.
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