LPL Financial LLC reduced its holdings in Sherwin-Williams Co (NYSE:SHW) by 1.1% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 16,760 shares of the specialty chemicals company’s stock after selling 185 shares during the quarter. LPL Financial LLC’s holdings in Sherwin-Williams were worth $6,572,000 at the end of the most recent quarter.
Other institutional investors and hedge funds have also bought and sold shares of the company. Prime Capital Investment Advisors LLC increased its stake in Sherwin-Williams by 129.4% in the 1st quarter. Prime Capital Investment Advisors LLC now owns 500 shares of the specialty chemicals company’s stock valued at $196,000 after purchasing an additional 282 shares in the last quarter. Aspen Investment Management Inc purchased a new position in Sherwin-Williams in the 4th quarter valued at approximately $205,000. Salem Investment Counselors Inc. purchased a new position in Sherwin-Williams in the 4th quarter valued at approximately $205,000. Timber Hill LLC purchased a new position in Sherwin-Williams in the 4th quarter valued at approximately $218,000. Finally, RiverPoint Capital Management LLC purchased a new position in Sherwin-Williams in the 4th quarter valued at approximately $227,000. 74.56% of the stock is owned by institutional investors and hedge funds.
SHW stock opened at $396.13 on Friday. Sherwin-Williams Co has a 52-week low of $326.68 and a 52-week high of $435.15. The company has a debt-to-equity ratio of 2.68, a quick ratio of 0.67 and a current ratio of 1.13. The firm has a market cap of $36.99 billion, a PE ratio of 27.76, a price-to-earnings-growth ratio of 1.77 and a beta of 1.17.
Sherwin-Williams (NYSE:SHW) last posted its quarterly earnings data on Tuesday, April 24th. The specialty chemicals company reported $3.57 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.16 by $0.41. Sherwin-Williams had a return on equity of 48.06% and a net margin of 11.02%. The business had revenue of $3.97 billion for the quarter, compared to analysts’ expectations of $3.94 billion. During the same quarter last year, the firm earned $2.27 earnings per share. The business’s revenue was up 43.6% on a year-over-year basis. equities research analysts predict that Sherwin-Williams Co will post 18.71 EPS for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which was paid on Friday, June 1st. Stockholders of record on Friday, May 18th were issued a dividend of $0.86 per share. This represents a $3.44 annualized dividend and a dividend yield of 0.87%. The ex-dividend date was Thursday, May 17th. Sherwin-Williams’s dividend payout ratio (DPR) is 24.11%.
Several research firms recently weighed in on SHW. Zacks Investment Research downgraded Sherwin-Williams from a “buy” rating to a “hold” rating in a research note on Thursday, April 26th. Royal Bank of Canada dropped their price objective on Sherwin-Williams to $470.00 and set an “outperform” rating for the company in a research note on Thursday, April 26th. Barclays dropped their price objective on Sherwin-Williams from $450.00 to $420.00 and set an “equal weight” rating for the company in a research note on Wednesday, April 25th. Credit Suisse Group set a $457.00 price target on Sherwin-Williams and gave the stock a “buy” rating in a research report on Wednesday, May 23rd. Finally, BMO Capital Markets assumed coverage on Sherwin-Williams in a research report on Tuesday, March 27th. They set a “market perform” rating and a $453.00 price target for the company. One investment analyst has rated the stock with a sell rating, nine have assigned a hold rating, fourteen have given a buy rating and one has given a strong buy rating to the company’s stock. The stock presently has an average rating of “Buy” and an average target price of $439.65.
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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