344 Shares in The Sherwin-Williams Company (NYSE:SHW) Purchased by Riverview Trust Co

Riverview Trust Co purchased a new position in The Sherwin-Williams Company (NYSE:SHW) in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The firm purchased 344 shares of the specialty chemicals company’s stock, valued at approximately $119,000.

Other institutional investors also recently modified their holdings of the company. Norges Bank purchased a new stake in Sherwin-Williams during the 4th quarter valued at about $1,176,356,000. Alphinity Investment Management Pty Ltd purchased a new stake in Sherwin-Williams during the 4th quarter valued at about $432,737,000. Capital World Investors grew its position 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 grew its position in Sherwin-Williams by 2,853.9% during 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 purchasing an additional 628,175 shares during the last quarter. Finally, Public Employees Retirement Association of Colorado grew its position in Sherwin-Williams by 8,986.8% during the 4th 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.

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on the stock. JPMorgan Chase & Co. dropped their price target on shares of Sherwin-Williams from $317.00 to $315.00 and set an “overweight” rating on the stock in a report on Wednesday, April 24th. Evercore ISI lifted their price target on shares of Sherwin-Williams from $360.00 to $365.00 and gave the stock an “outperform” rating in a research note on Tuesday, May 14th. Robert W. Baird lifted their price target on shares of Sherwin-Williams from $300.00 to $310.00 and gave the stock a “neutral” rating in a research note on Wednesday, April 24th. Northcoast Research upgraded shares of Sherwin-Williams from a “neutral” rating to a “buy” rating and set a $360.00 target price for the company in a research report on Tuesday, February 27th. Finally, Loop Capital cut their target price on shares of Sherwin-Williams from $395.00 to $380.00 and set a “buy” rating for the company in a research report on Wednesday, April 24th. 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. Based on data from MarketBeat, Sherwin-Williams presently has a consensus rating of “Moderate Buy” and an average target price of $343.41.

Sherwin-Williams Trading Down 2.0 %

Shares of SHW opened at $294.68 on Wednesday. The company’s fifty day moving average is $305.75 and its 200 day moving average is $313.49. The Sherwin-Williams Company has a fifty-two week low of $232.06 and a fifty-two week high of $348.37. The stock has a market capitalization of $74.72 billion, a PE ratio of 31.42, a P/E/G ratio of 2.42 and a beta of 1.17. The company has a debt-to-equity ratio of 2.32, a quick ratio of 0.46 and a current ratio of 0.78.

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 the consensus estimate of $2.22 by ($0.05). The business had revenue of $5.37 billion during 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% on a year-over-year basis. During the same quarter in the prior year, the firm posted $2.04 EPS. Sell-side analysts expect that The Sherwin-Williams Company will post 11.43 earnings per share for the current fiscal year.

Sherwin-Williams Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, June 7th. Stockholders of record on Friday, May 17th were issued a $0.715 dividend. This represents a $2.86 dividend on an annualized basis and a dividend yield of 0.97%. The ex-dividend date of this dividend was Thursday, May 16th. Sherwin-Williams’s payout ratio is presently 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.