Chevy Chase Trust Holdings LLC Has $45.31 Million Stock Position in The Sherwin-Williams Company (NYSE:SHW)

Chevy Chase Trust Holdings LLC lowered its holdings in The Sherwin-Williams Company (NYSE:SHW) by 0.8% during the first quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 130,449 shares of the specialty chemicals company’s stock after selling 1,097 shares during the quarter. Chevy Chase Trust Holdings LLC owned 0.05% of Sherwin-Williams worth $45,309,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Alps Advisors Inc. acquired a new stake in shares of Sherwin-Williams during the 3rd quarter worth approximately $314,000. Mercer Global Advisors Inc. ADV grew its holdings in shares of Sherwin-Williams by 3.4% during the 3rd quarter. Mercer Global Advisors Inc. ADV now owns 16,621 shares of the specialty chemicals company’s stock worth $4,239,000 after purchasing an additional 541 shares in the last quarter. Moneta Group Investment Advisors LLC acquired a new stake in shares of Sherwin-Williams during the 3rd quarter worth approximately $224,000. Creative Planning lifted its position in shares of Sherwin-Williams by 0.6% during the 3rd quarter. Creative Planning now owns 36,320 shares of the specialty chemicals company’s stock worth $9,263,000 after buying an additional 220 shares during the period. Finally, Resources Management Corp CT ADV lifted its position in shares of Sherwin-Williams by 3.3% during the 3rd quarter. Resources Management Corp CT ADV now owns 4,660 shares of the specialty chemicals company’s stock worth $1,189,000 after buying an additional 147 shares during the period. Institutional investors and hedge funds own 77.67% of the company’s stock.

Sherwin-Williams Stock Up 1.1 %

SHW traded up $3.33 on Wednesday, hitting $302.24. 383,060 shares of the company were exchanged, compared to its average volume of 1,568,829. The Sherwin-Williams Company has a 12 month low of $232.06 and a 12 month high of $348.37. The company has a market cap of $76.63 billion, a PE ratio of 32.04, a PEG ratio of 2.41 and a beta of 1.16. 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 stock’s fifty day moving average is $304.03 and its 200-day moving average is $312.98.

Sherwin-Williams (NYSE:SHW) last released its quarterly earnings data 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 business had revenue of $5.37 billion during 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%. Sherwin-Williams’s quarterly revenue was down 1.4% on a year-over-year basis. During the same quarter in the prior year, the company earned $2.04 EPS. Equities research analysts predict that The Sherwin-Williams Company will post 11.43 EPS for the current fiscal year.

Sherwin-Williams Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, June 7th. Investors of record on Friday, May 17th were given a dividend of $0.715 per share. This represents a $2.86 annualized dividend and a yield of 0.95%. The ex-dividend date of this dividend was Thursday, May 16th. Sherwin-Williams’s dividend payout ratio is currently 30.49%.

Wall Street Analyst Weigh In

Several research firms recently commented on SHW. BMO Capital Markets cut their target price on Sherwin-Williams from $377.00 to $360.00 and set an “outperform” rating for the company in a research report on Wednesday, June 12th. Royal Bank of Canada cut their target price on Sherwin-Williams from $380.00 to $370.00 and set an “outperform” rating for the company in a research report on Thursday, April 25th. Robert W. Baird raised their target price on Sherwin-Williams from $300.00 to $310.00 and gave the stock a “neutral” rating in a research report on Wednesday, April 24th. UBS Group cut their target price on Sherwin-Williams from $385.00 to $355.00 and set a “buy” rating for the company in a research report on Tuesday. Finally, JPMorgan Chase & Co. cut their target price on Sherwin-Williams from $317.00 to $315.00 and set an “overweight” rating for the company in a research report on Wednesday, April 24th. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating and twelve have given a buy rating to the company’s stock. According to data from MarketBeat, Sherwin-Williams currently has a consensus rating of “Moderate Buy” and a consensus target price of $340.65.

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.