Acima Private Wealth LLC Lowers Stock Position in The Sherwin-Williams Company (NYSE:SHW)

Acima Private Wealth LLC lessened its stake in The Sherwin-Williams Company (NYSE:SHW) by 24.7% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 4,110 shares of the specialty chemicals company’s stock after selling 1,346 shares during the quarter. Acima Private Wealth LLC’s holdings in Sherwin-Williams were worth $1,282,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. First Hawaiian Bank raised its position in Sherwin-Williams by 0.5% during the fourth quarter. First Hawaiian Bank now owns 7,559 shares of the specialty chemicals company’s stock worth $2,358,000 after acquiring an additional 34 shares during the last quarter. Tsfg LLC raised its holdings in shares of Sherwin-Williams by 4.7% in the fourth quarter. Tsfg LLC now owns 754 shares of the specialty chemicals company’s stock worth $235,000 after acquiring an additional 34 shares during the last quarter. Manchester Capital Management LLC boosted its stake in shares of Sherwin-Williams by 5.5% during the fourth quarter. Manchester Capital Management LLC now owns 666 shares of the specialty chemicals company’s stock valued at $208,000 after acquiring an additional 35 shares during the last quarter. Ellsworth Advisors LLC increased its position in Sherwin-Williams by 0.9% during the 4th quarter. Ellsworth Advisors LLC now owns 4,108 shares of the specialty chemicals company’s stock worth $1,281,000 after purchasing an additional 36 shares in the last quarter. Finally, Prestige Wealth Management Group LLC lifted its holdings in Sherwin-Williams by 3.5% in the 4th quarter. Prestige Wealth Management Group LLC now owns 1,097 shares of the specialty chemicals company’s stock valued at $342,000 after purchasing an additional 37 shares in the last quarter. 77.67% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several equities analysts recently weighed in on SHW shares. Loop Capital reduced their target price 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. BMO Capital Markets reduced their price target on Sherwin-Williams from $377.00 to $360.00 and set an “outperform” rating on the stock in a research report on Wednesday. JPMorgan Chase & Co. decreased their price target on Sherwin-Williams from $317.00 to $315.00 and set an “overweight” rating for the company in a report on Wednesday, April 24th. UBS Group upgraded shares of Sherwin-Williams from a “neutral” rating to a “buy” rating and lifted their price objective for the company from $312.00 to $402.00 in a research note on Thursday, March 7th. Finally, StockNews.com downgraded Sherwin-Williams from a “buy” rating to a “hold” rating in a research note on Thursday, April 25th. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating and twelve have assigned a buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $343.41.

Sherwin-Williams Stock Down 1.2 %

Shares of Sherwin-Williams stock traded down $3.46 on Friday, hitting $296.99. 927,859 shares of the company traded hands, compared to its average volume of 1,851,998. The Sherwin-Williams Company has a 12-month low of $232.06 and a 12-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. The company has a market cap of $75.30 billion, a PE ratio of 31.66, a PEG ratio of 2.39 and a beta of 1.17. The company has a 50-day moving average price of $308.69 and a 200 day moving average price of $312.46.

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 the consensus estimate of $2.22 by ($0.05). The firm had revenue of $5.37 billion for the quarter, compared to analyst estimates of $5.50 billion. Sherwin-Williams had a net margin of 10.52% and a return on equity of 73.74%. The firm’s quarterly revenue was down 1.4% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $2.04 earnings per share. Sell-side analysts predict that The Sherwin-Williams Company will post 11.43 earnings per share for the current year.

Sherwin-Williams Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, June 7th. Investors of record on Friday, May 17th were issued a $0.715 dividend. The ex-dividend date was Thursday, May 16th. This represents a $2.86 annualized dividend and a yield of 0.96%. 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.