Toronto Dominion Bank lifted its position in shares of Sherwin-Williams Co (NYSE:SHW) by 25.3% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 45,145 shares of the specialty chemicals company’s stock after acquiring an additional 9,103 shares during the quarter. Toronto Dominion Bank’s holdings in Sherwin-Williams were worth $17,699,000 at the end of the most recent quarter.
A number of other hedge funds also recently bought and sold shares of SHW. Fred Alger Management Inc. lifted its stake in Sherwin-Williams by 57.3% in the 4th quarter. Fred Alger Management Inc. now owns 640,717 shares of the specialty chemicals company’s stock valued at $262,720,000 after buying an additional 233,329 shares in the last quarter. Alliancebernstein L.P. lifted its stake in Sherwin-Williams by 87.6% in the 4th quarter. Alliancebernstein L.P. now owns 417,913 shares of the specialty chemicals company’s stock valued at $171,361,000 after buying an additional 195,137 shares in the last quarter. Montag & Caldwell LLC lifted its stake in Sherwin-Williams by 148.2% in the 4th quarter. Montag & Caldwell LLC now owns 241,598 shares of the specialty chemicals company’s stock valued at $99,065,000 after buying an additional 144,259 shares in the last quarter. Allianz Asset Management GmbH lifted its stake in Sherwin-Williams by 277.7% in the 4th quarter. Allianz Asset Management GmbH now owns 61,130 shares of the specialty chemicals company’s stock valued at $25,066,000 after buying an additional 95,540 shares in the last quarter. Finally, Carillon Tower Advisers Inc. purchased a new stake in Sherwin-Williams in the 4th quarter valued at approximately $30,624,000. 74.96% of the stock is currently owned by hedge funds and other institutional investors.
A number of research firms recently issued reports on SHW. Credit Suisse Group set a $457.00 target price on Sherwin-Williams and gave the company a “buy” rating in a research note on Wednesday. Royal Bank of Canada reduced their target price on Sherwin-Williams to $470.00 and set an “outperform” rating on the stock in a research note on Thursday, April 26th. Zacks Investment Research lowered Sherwin-Williams from a “buy” rating to a “hold” rating in a research note on Thursday, April 26th. Barclays reduced their target price on Sherwin-Williams from $450.00 to $420.00 and set an “equal weight” rating on the stock in a research note on Wednesday, April 25th. Finally, BMO Capital Markets began coverage on Sherwin-Williams in a research note on Tuesday, March 27th. They issued a “market perform” rating and a $453.00 target price on the stock. One equities 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. The stock currently has an average rating of “Buy” and an average target price of $437.90.
SHW stock opened at $392.25 on Friday. The firm has a market cap of $36.69 billion, a PE ratio of 24.84, a PEG ratio of 1.75 and a beta of 1.17. The company has a debt-to-equity ratio of 2.68, a current ratio of 1.13 and a quick ratio of 0.67. Sherwin-Williams Co has a 52 week low of $326.68 and a 52 week high of $435.15.
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, topping analysts’ consensus estimates of $3.16 by $0.41. The business 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 business’s revenue for the quarter was up 43.6% on a year-over-year basis. During the same period in the prior year, the firm posted $2.27 EPS. analysts forecast that Sherwin-Williams Co will post 18.72 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 of this dividend is Thursday, May 17th. This represents a $3.44 dividend on an annualized basis and a dividend yield of 0.88%. Sherwin-Williams’s payout ratio is 24.11%.
In other news, insider Peter J. Ippolito sold 750 shares of the company’s stock in a transaction 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 can be accessed through this hyperlink. Corporate 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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