Comerica Bank Has $44.14 Million Stake in The Sherwin-Williams Company (NYSE:SHW)

Comerica Bank raised its position in shares of The Sherwin-Williams Company (NYSE:SHW) by 0.5% in the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 141,513 shares of the specialty chemicals company’s stock after acquiring an additional 710 shares during the period. Comerica Bank’s holdings in Sherwin-Williams were worth $44,138,000 at the end of the most recent reporting period.

Several other hedge funds also recently modified their holdings of the company. Point72 Asset Management L.P. increased its holdings in shares of Sherwin-Williams by 55.5% during the fourth quarter. Point72 Asset Management L.P. now owns 582,297 shares of the specialty chemicals company’s stock worth $181,618,000 after buying an additional 207,735 shares in the last quarter. Pin Oak Investment Advisors Inc. increased its holdings in shares of Sherwin-Williams by 8.3% in the fourth quarter. Pin Oak Investment Advisors Inc. now owns 564 shares of the specialty chemicals company’s stock valued at $176,000 after purchasing an additional 43 shares in the last quarter. Putnam Investments LLC increased its holdings in shares of Sherwin-Williams by 2.5% in the fourth quarter. Putnam Investments LLC now owns 604,251 shares of the specialty chemicals company’s stock valued at $188,466,000 after purchasing an additional 14,865 shares in the last quarter. Hancock Whitney Corp increased its holdings in shares of Sherwin-Williams by 13.3% in the fourth quarter. Hancock Whitney Corp now owns 6,685 shares of the specialty chemicals company’s stock valued at $2,085,000 after purchasing an additional 785 shares in the last quarter. Finally, Icon Wealth Advisors LLC acquired a new stake in shares of Sherwin-Williams in the fourth quarter valued at approximately $504,000. Institutional investors and hedge funds own 77.67% of the company’s stock.

Sherwin-Williams Trading Up 1.1 %

Shares of NYSE SHW opened at $299.32 on Thursday. The company’s fifty day moving average is $309.98 and its 200-day moving average is $312.12. The stock has a market cap of $75.89 billion, a price-to-earnings ratio of 31.91, a P/E/G ratio of 2.36 and a beta of 1.17. The Sherwin-Williams Company has a twelve month low of $232.06 and a twelve month high of $348.37. The company has a quick ratio of 0.46, a current ratio of 0.78 and a debt-to-equity ratio of 2.32.

Sherwin-Williams (NYSE:SHW) last announced its quarterly earnings results on Tuesday, April 23rd. The specialty chemicals company reported $2.17 earnings per share for the quarter, missing analysts’ consensus estimates of $2.22 by ($0.05). The firm had revenue of $5.37 billion for the quarter, compared to the consensus estimate of $5.50 billion. Sherwin-Williams had a return on equity of 73.74% and a net margin of 10.52%. The company’s revenue for the quarter was down 1.4% compared to the same quarter last year. During the same period in the prior year, the business earned $2.04 earnings per share. Equities research analysts predict that The Sherwin-Williams Company will post 11.43 EPS for the current year.

Sherwin-Williams Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, June 7th. Investors of record on Friday, May 17th were issued a dividend of $0.715 per share. The ex-dividend date was Thursday, May 16th. This represents a $2.86 dividend on an annualized basis and a dividend yield of 0.96%. Sherwin-Williams’s payout ratio is 30.49%.

Analyst Ratings Changes

A number of analysts recently weighed in on SHW shares. JPMorgan Chase & Co. lowered their price target on shares of Sherwin-Williams from $317.00 to $315.00 and set an “overweight” rating for the company in a report on Wednesday, April 24th. Evercore ISI raised their price target on shares of Sherwin-Williams from $360.00 to $365.00 and gave the company an “outperform” rating in a report on Tuesday, May 14th. UBS Group raised shares of Sherwin-Williams from a “neutral” rating to a “buy” rating and raised their price target for the company from $312.00 to $402.00 in a report on Thursday, March 7th. KeyCorp raised shares of Sherwin-Williams from a “sector weight” rating to an “overweight” rating and set a $400.00 price objective on the stock in a research note on Thursday, April 25th. Finally, Royal Bank of Canada reduced their price objective on shares of Sherwin-Williams from $380.00 to $370.00 and set an “outperform” rating on the stock in a research note on Thursday, April 25th. One analyst has rated the stock with a sell rating, seven have issued a hold rating and twelve have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, Sherwin-Williams presently has an average rating of “Moderate Buy” and a consensus price target of $343.41.

About Sherwin-Williams

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.