The Sherwin-Williams Company (NYSE:SHW) Shares Acquired by Manchester Capital Management LLC

Manchester Capital Management LLC raised its stake in shares of The Sherwin-Williams Company (NYSE:SHW) by 5.7% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 704 shares of the specialty chemicals company’s stock after acquiring an additional 38 shares during the quarter. Manchester Capital Management LLC’s holdings in Sherwin-Williams were worth $245,000 at the end of the most recent quarter.

Other hedge funds also recently added to or reduced their stakes in the company. Vanguard Group Inc. lifted its holdings in Sherwin-Williams by 0.8% in the 4th quarter. Vanguard Group Inc. now owns 21,435,960 shares of the specialty chemicals company’s stock valued at $6,685,876,000 after acquiring an additional 179,274 shares during the last quarter. Capital World Investors boosted its holdings in Sherwin-Williams by 38.9% during the fourth quarter. Capital World Investors now owns 3,840,789 shares of the specialty chemicals company’s stock worth $1,197,952,000 after buying an additional 1,075,351 shares in the last quarter. Norges Bank acquired a new position in Sherwin-Williams in the fourth quarter worth approximately $1,176,356,000. Clearbridge Investments LLC grew its position in Sherwin-Williams by 4.4% in the fourth quarter. Clearbridge Investments LLC now owns 2,779,294 shares of the specialty chemicals company’s stock worth $866,862,000 after buying an additional 116,647 shares during the last quarter. Finally, Capital Research Global Investors increased its holdings in shares of Sherwin-Williams by 2.3% in the fourth quarter. Capital Research Global Investors now owns 2,536,096 shares of the specialty chemicals company’s stock valued at $791,008,000 after buying an additional 56,161 shares in the last quarter. 77.67% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of brokerages recently issued reports on SHW. UBS Group decreased their target price on Sherwin-Williams from $385.00 to $355.00 and set a “buy” rating on the stock in a report on Tuesday. Loop Capital cut their price objective on Sherwin-Williams from $395.00 to $380.00 and set a “buy” rating on the stock in a report on Wednesday, April 24th. Mizuho reduced their price objective on shares of Sherwin-Williams from $340.00 to $334.00 and set a “buy” rating for the company in a research note on Wednesday, April 24th. StockNews.com downgraded shares of Sherwin-Williams from a “buy” rating to a “hold” rating in a research report on Thursday, April 25th. Finally, 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. One analyst has rated the stock with a sell rating, seven have given a hold rating and twelve have given a buy rating to the stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $340.65.

Sherwin-Williams Stock Up 1.5 %

Shares of NYSE SHW traded up $4.61 during trading hours on Friday, hitting $318.58. The stock had a trading volume of 283,915 shares, compared to its average volume of 1,565,884. The firm’s 50-day moving average price is $304.27 and its two-hundred day moving average price is $312.93. The Sherwin-Williams Company has a 52 week low of $232.06 and a 52 week high of $348.37. The company has a market capitalization of $80.78 billion, a P/E ratio of 33.49, a P/E/G ratio of 2.46 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.

Sherwin-Williams (NYSE:SHW) last posted its 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). Sherwin-Williams had a net margin of 10.52% and a return on equity of 73.74%. The business had revenue of $5.37 billion during the quarter, compared to analyst estimates of $5.50 billion. During the same quarter last year, the firm earned $2.04 earnings per share. Sherwin-Williams’s revenue was down 1.4% compared to the same quarter last year. Analysts anticipate that The Sherwin-Williams Company will post 11.43 EPS for the current fiscal year.

Sherwin-Williams Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, June 7th. Shareholders of record on Friday, May 17th were given a $0.715 dividend. The ex-dividend date was Thursday, May 16th. This represents a $2.86 dividend on an annualized basis and a dividend yield of 0.90%. Sherwin-Williams’s dividend payout ratio 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.