The Sherwin-Williams Company (NYSE:SHW) Shares Sold by Cullen Investment Group LTD.

Cullen Investment Group LTD. lessened its stake in shares of The Sherwin-Williams Company (NYSE:SHW) by 43.7% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 823 shares of the specialty chemicals company’s stock after selling 638 shares during the quarter. Cullen Investment Group LTD.’s holdings in Sherwin-Williams were worth $275,000 at the end of the most recent reporting period.

A number of other hedge funds have also made changes to their positions in the stock. Symmetry Partners LLC increased its stake in shares of Sherwin-Williams by 8.1% during the first quarter. Symmetry Partners LLC now owns 2,052 shares of the specialty chemicals company’s stock valued at $713,000 after acquiring an additional 154 shares during the period. Confluence Investment Management LLC acquired a new position in shares of Sherwin-Williams during the first quarter valued at approximately $29,233,000. First Financial Bank Trust Division acquired a new position in shares of Sherwin-Williams during the first quarter valued at approximately $216,000. HighPoint Advisor Group LLC acquired a new position in shares of Sherwin-Williams during the fourth quarter valued at approximately $3,043,000. Finally, PNC Financial Services Group Inc. increased its stake in shares of Sherwin-Williams by 2.7% during the fourth quarter. PNC Financial Services Group Inc. now owns 132,841 shares of the specialty chemicals company’s stock valued at $41,433,000 after acquiring an additional 3,546 shares during the period. Institutional investors and hedge funds own 77.67% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms recently commented on SHW. Northcoast Research upgraded shares of Sherwin-Williams from a “neutral” rating to a “buy” rating and set a $360.00 price objective on the stock in a research note on Tuesday, February 27th. Citigroup decreased their price target on shares of Sherwin-Williams from $390.00 to $370.00 and set a “buy” rating on the stock in a research report on Thursday, April 25th. KeyCorp upgraded shares of Sherwin-Williams from a “sector weight” rating to an “overweight” rating and set a $400.00 price target on the stock in a research report on Thursday, April 25th. UBS Group upgraded shares of Sherwin-Williams from a “neutral” rating to a “buy” rating and lifted their price target for the stock from $312.00 to $402.00 in a research report on Thursday, March 7th. Finally, BMO Capital Markets decreased their price objective on shares of Sherwin-Williams from $377.00 to $360.00 and set an “outperform” rating for the company in a research note on Wednesday, June 12th. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating and twelve have given a buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $343.41.

Sherwin-Williams Stock Down 0.9 %

Sherwin-Williams stock opened at $300.19 on Thursday. The company has a market capitalization of $76.11 billion, a P/E ratio of 32.00, a P/E/G ratio of 2.41 and a beta of 1.17. The firm’s fifty day simple moving average is $307.00 and its 200-day simple moving average is $312.94. The company has a current ratio of 0.78, a quick ratio of 0.46 and a debt-to-equity ratio of 2.32. The Sherwin-Williams Company has a 1-year low of $232.06 and a 1-year high of $348.37.

Sherwin-Williams (NYSE:SHW) last released 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 business had revenue of $5.37 billion for the quarter, compared to the consensus estimate of $5.50 billion. Sherwin-Williams had a net margin of 10.52% and a return on equity of 73.74%. The firm’s revenue for the quarter was down 1.4% compared to the same quarter last year. During the same quarter in the prior year, the business posted $2.04 EPS. Sell-side analysts forecast that The Sherwin-Williams Company will post 11.43 earnings per share for the current fiscal year.

Sherwin-Williams Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, June 7th. Stockholders 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 0.95%. Sherwin-Williams’s dividend payout ratio is currently 30.49%.

Sherwin-Williams 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.