Banque Pictet & Cie SA trimmed its holdings in Sherwin-Williams (NYSE:SHW) by 4.5% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 10,665 shares of the specialty chemicals company’s stock after selling 500 shares during the quarter. Banque Pictet & Cie SA’s holdings in Sherwin-Williams were worth $4,182,000 at the end of the most recent quarter.
Several other institutional investors have also made changes to their positions in the company. Columbus Circle Investors increased its holdings in shares of Sherwin-Williams by 2.3% in the 1st quarter. Columbus Circle Investors now owns 70,086 shares of the specialty chemicals company’s stock valued at $27,482,000 after acquiring an additional 1,606 shares during the period. Meridian Management Co. increased its holdings in shares of Sherwin-Williams by 19.5% in the 1st quarter. Meridian Management Co. now owns 6,619 shares of the specialty chemicals company’s stock valued at $2,595,000 after acquiring an additional 1,078 shares during the period. US Bancorp DE increased its holdings in shares of Sherwin-Williams by 3.8% in the 1st quarter. US Bancorp DE now owns 66,452 shares of the specialty chemicals company’s stock valued at $26,057,000 after acquiring an additional 2,430 shares during the period. Tiverton Asset Management LLC increased its holdings in shares of Sherwin-Williams by 35.4% in the 1st quarter. Tiverton Asset Management LLC now owns 1,307 shares of the specialty chemicals company’s stock valued at $513,000 after acquiring an additional 342 shares during the period. Finally, Waratah Capital Advisors Ltd. increased its holdings in shares of Sherwin-Williams by 151.8% in the 1st quarter. Waratah Capital Advisors Ltd. now owns 21,396 shares of the specialty chemicals company’s stock valued at $8,390,000 after acquiring an additional 12,899 shares during the period. 75.72% of the stock is currently owned by institutional investors and hedge funds.
A number of brokerages have recently commented on SHW. Barclays reaffirmed a “hold” rating on shares of Sherwin-Williams in a report on Sunday, January 28th. KeyCorp reissued a “buy” rating and issued a $500.00 price objective (up from $465.00) on shares of Sherwin-Williams in a research note on Monday, January 29th. They noted that the move was a valuation call. Royal Bank of Canada boosted their price objective on shares of Sherwin-Williams to $485.00 and gave the company an “outperform” rating in a research note on Monday, January 29th. Susquehanna Bancshares reissued a “positive” rating and issued a $483.00 price objective (down from $511.00) on shares of Sherwin-Williams in a research note on Tuesday, February 13th. Finally, Zacks Investment Research cut shares of Sherwin-Williams from a “buy” rating to a “hold” rating in a research note on Wednesday, April 4th. One investment analyst has rated the stock with a sell rating, nine have assigned a hold rating, fifteen have issued a buy rating and one has given a strong buy rating to the company’s stock. Sherwin-Williams currently has an average rating of “Buy” and a consensus price target of $437.90.
In other Sherwin-Williams news, insider Peter J. Ippolito sold 750 shares of the business’s stock in a transaction on Wednesday, March 14th. The shares were sold at an average price of $409.26, for a total transaction of $306,945.00. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 0.78% of the stock is currently owned by insiders.
Shares of Sherwin-Williams opened at $380.23 on Friday, according to Marketbeat.com. The firm has a market cap of $35.51 billion, a price-to-earnings ratio of 26.65, a P/E/G ratio of 1.72 and a beta of 1.17. Sherwin-Williams has a one year low of $376.87 and a one year high of $379.67. The company has a debt-to-equity ratio of 2.68, a quick ratio of 0.67 and a current ratio of 1.13.
Sherwin-Williams (NYSE:SHW) last issued its earnings results on Tuesday, April 24th. The specialty chemicals company reported $3.57 EPS for the quarter, topping the consensus estimate of $3.16 by $0.41. The company had revenue of $3.97 billion for the quarter, compared to analyst estimates of $3.94 billion. Sherwin-Williams had a net margin of 11.02% and a return on equity of 48.06%. The business’s revenue was up 43.6% on a year-over-year basis. During the same period in the previous year, the firm earned $2.27 EPS. analysts forecast that Sherwin-Williams will post 18.77 EPS for the current year.
The business also recently announced a quarterly dividend, which will be paid on Friday, June 1st. Shareholders of record on Friday, May 18th will be given 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 0.90%. Sherwin-Williams’s payout ratio is currently 24.11%.
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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