Valeo Financial Advisors LLC increased its position in shares of The Sherwin-Williams Company (NYSE:SHW – Free Report) by 7.9% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 2,636 shares of the specialty chemicals company’s stock after acquiring an additional 193 shares during the period. Valeo Financial Advisors LLC’s holdings in Sherwin-Williams were worth $787,000 as of its most recent filing with the Securities and Exchange Commission.
Several other hedge funds and other institutional investors have also modified their holdings of SHW. Norges Bank purchased a new stake in shares of Sherwin-Williams during the fourth quarter worth $1,176,356,000. Capital World Investors raised its holdings in Sherwin-Williams by 38.9% during the fourth quarter. Capital World Investors now owns 3,840,789 shares of the specialty chemicals company’s stock valued at $1,197,952,000 after buying an additional 1,075,351 shares in the last quarter. Public Employees Retirement Association of Colorado raised its holdings in Sherwin-Williams by 8,986.8% during the fourth quarter. Public Employees Retirement Association of Colorado now owns 534,121 shares of the specialty chemicals company’s stock valued at $166,592,000 after buying an additional 528,243 shares in the last quarter. Capital International Investors raised its holdings in Sherwin-Williams by 17.9% during the fourth quarter. Capital International Investors now owns 2,082,971 shares of the specialty chemicals company’s stock valued at $649,706,000 after buying an additional 316,180 shares in the last quarter. Finally, PineStone Asset Management Inc. raised its holdings in Sherwin-Williams by 29.7% during the fourth quarter. PineStone Asset Management Inc. now owns 1,195,311 shares of the specialty chemicals company’s stock valued at $372,818,000 after buying an additional 273,539 shares in the last quarter. 77.67% of the stock is currently owned by hedge funds and other institutional investors.
Sherwin-Williams Stock Performance
NYSE:SHW opened at $342.71 on Friday. The company has a current ratio of 0.81, a quick ratio of 0.50 and a debt-to-equity ratio of 2.17. The firm has a 50 day moving average of $314.82 and a 200-day moving average of $317.58. The Sherwin-Williams Company has a 1 year low of $232.06 and a 1 year high of $356.69. The stock has a market capitalization of $86.89 billion, a P/E ratio of 36.54, a price-to-earnings-growth ratio of 2.74 and a beta of 1.16.
Sherwin-Williams (NYSE:SHW – Get Free Report) last posted its quarterly earnings data on Tuesday, July 23rd. The specialty chemicals company reported $3.70 earnings per share for the quarter, topping the consensus estimate of $3.51 by $0.19. Sherwin-Williams had a net margin of 10.92% and a return on equity of 75.58%. The firm had revenue of $6.27 billion during the quarter, compared to analysts’ expectations of $6.33 billion. During the same quarter in the previous year, the company posted $3.29 EPS. Sherwin-Williams’s revenue was up .5% on a year-over-year basis. As a group, sell-side analysts anticipate that The Sherwin-Williams Company will post 11.44 EPS for the current fiscal year.
Sherwin-Williams Announces Dividend
The firm also recently announced 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 dividend on an annualized basis and a yield of 0.83%. The ex-dividend date of this dividend is Friday, August 16th. Sherwin-Williams’s dividend payout ratio is presently 30.49%.
Analyst Upgrades and Downgrades
Several equities analysts have weighed in on the company. UBS Group cut their target price on Sherwin-Williams from $385.00 to $355.00 and set a “buy” rating on the stock in a report on Tuesday, July 9th. Royal Bank of Canada raised their target price on Sherwin-Williams from $370.00 to $418.00 and gave the company an “outperform” rating in a report on Wednesday, July 24th. Redburn Atlantic upgraded Sherwin-Williams to a “strong-buy” rating in a report on Thursday, July 18th. Citigroup lowered their price target on Sherwin-Williams from $390.00 to $370.00 and set a “buy” rating on the stock in a research report on Thursday, April 25th. Finally, Loop Capital lowered their price target on Sherwin-Williams from $395.00 to $380.00 and set a “buy” rating on the stock in a research report on Wednesday, April 24th. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating, thirteen have assigned a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $355.00.
Get Our Latest Stock Report on SHW
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.
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