&Partners Buys Shares of 924 The Sherwin-Williams Company (NYSE:SHW)

&Partners purchased a new position in shares of The Sherwin-Williams Company (NYSE:SHW) in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 924 shares of the specialty chemicals company’s stock, valued at approximately $321,000.

Several other large investors have also recently bought and sold shares of SHW. Norges Bank acquired a new position in Sherwin-Williams during the 4th quarter worth about $1,176,356,000. Alphinity Investment Management Pty Ltd acquired a new position in shares of Sherwin-Williams during the fourth quarter valued at about $432,737,000. Capital World Investors boosted its stake in Sherwin-Williams by 38.9% during the 4th quarter. Capital World Investors now owns 3,840,789 shares of the specialty chemicals company’s stock valued at $1,197,952,000 after purchasing an additional 1,075,351 shares during the last quarter. International Assets Investment Management LLC raised its position in Sherwin-Williams by 2,853.9% in the 4th quarter. International Assets Investment Management LLC now owns 650,186 shares of the specialty chemicals company’s stock valued at $202,793,000 after buying an additional 628,175 shares during the last quarter. Finally, Public Employees Retirement Association of Colorado raised its holdings in shares of Sherwin-Williams by 8,986.8% in 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 purchasing an additional 528,243 shares during the last quarter. 77.67% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several research firms have recently issued reports on SHW. Robert W. Baird upped their target price on Sherwin-Williams from $300.00 to $310.00 and gave the company a “neutral” rating in a report on Wednesday, April 24th. Loop Capital decreased their target price on Sherwin-Williams from $395.00 to $380.00 and set a “buy” rating for the company in a research report on Wednesday, April 24th. Northcoast Research raised shares of Sherwin-Williams from a “neutral” rating to a “buy” rating and set a $360.00 price target on the stock in a report on Tuesday, February 27th. Royal Bank of Canada reduced their price target on shares of Sherwin-Williams from $380.00 to $370.00 and set an “outperform” rating for the company in a research report on Thursday, April 25th. Finally, BMO Capital Markets lowered their price objective on shares of Sherwin-Williams from $377.00 to $360.00 and set an “outperform” rating on the stock in a research report on Wednesday, June 12th. One equities research 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. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $343.41.

Sherwin-Williams Stock Performance

NYSE:SHW opened at $301.26 on Monday. The Sherwin-Williams Company has a 52-week low of $232.06 and a 52-week high of $348.37. The business’s fifty day moving average is $306.29 and its 200 day moving average is $313.39. The company has a debt-to-equity ratio of 2.32, a quick ratio of 0.46 and a current ratio of 0.78. The firm has a market cap of $76.38 billion, a price-to-earnings ratio of 32.12, a PEG ratio of 2.42 and a beta of 1.17.

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

Sherwin-Williams Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, June 7th. Stockholders of record on Friday, May 17th were given a dividend of $0.715 per share. The ex-dividend date of this dividend 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 (DPR) is currently 30.49%.

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.