The Sherwin-Williams Company (NYSE:SHW) Stock Holdings Cut by US Bancorp DE

US Bancorp DE cut its stake in shares of The Sherwin-Williams Company (NYSE:SHW) by 2.3% in the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 170,059 shares of the specialty chemicals company’s stock after selling 4,072 shares during the quarter. US Bancorp DE’s holdings in Sherwin-Williams were worth $59,067,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of SHW. Massmutual Trust Co. FSB ADV boosted its stake in shares of Sherwin-Williams by 5.6% during the 4th quarter. Massmutual Trust Co. FSB ADV now owns 1,430 shares of the specialty chemicals company’s stock worth $446,000 after acquiring an additional 76 shares in the last quarter. Diversified Trust Co lifted its holdings in shares of Sherwin-Williams by 1.1% in the fourth quarter. Diversified Trust Co now owns 4,642 shares of the specialty chemicals company’s stock valued at $1,448,000 after purchasing an additional 49 shares in the last quarter. First Hawaiian Bank lifted its holdings in shares of Sherwin-Williams by 0.5% in the fourth quarter. First Hawaiian Bank now owns 7,559 shares of the specialty chemicals company’s stock valued at $2,358,000 after purchasing an additional 34 shares in the last quarter. Wedmont Private Capital lifted its holdings in shares of Sherwin-Williams by 13.9% in the fourth quarter. Wedmont Private Capital now owns 2,215 shares of the specialty chemicals company’s stock valued at $663,000 after purchasing an additional 271 shares in the last quarter. Finally, IFP Advisors Inc lifted its holdings in shares of Sherwin-Williams by 28.6% in the fourth quarter. IFP Advisors Inc now owns 11,163 shares of the specialty chemicals company’s stock valued at $3,482,000 after purchasing an additional 2,484 shares in the last quarter. 77.67% of the stock is owned by institutional investors.

Sherwin-Williams Price Performance

NYSE SHW traded up $7.93 on Tuesday, reaching $326.40. The company’s stock had a trading volume of 2,239,859 shares, compared to its average volume of 1,582,779. The firm has a market cap of $82.76 billion, a PE ratio of 34.80, a price-to-earnings-growth ratio of 2.66 and a beta of 1.16. The business has a 50-day moving average price of $304.48 and a 200 day moving average price of $313.02. The Sherwin-Williams Company has a 52 week low of $232.06 and a 52 week high of $348.37. The company has a current ratio of 0.78, a quick ratio of 0.46 and a debt-to-equity ratio of 2.32.

Sherwin-Williams (NYSE:SHW) last posted its earnings results on Tuesday, April 23rd. The specialty chemicals company reported $2.17 earnings per share for the quarter, missing analysts’ consensus estimates 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%. The business’s revenue was down 1.4% compared to the same quarter last year. During the same period in the previous year, the firm earned $2.04 EPS. Sell-side analysts expect that The Sherwin-Williams Company will post 11.42 EPS for the current year.

Sherwin-Williams Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, June 7th. Shareholders of record on Friday, May 17th were paid a dividend of $0.715 per share. The ex-dividend date of this dividend was Thursday, May 16th. This represents a $2.86 annualized dividend and a yield of 0.88%. Sherwin-Williams’s dividend payout ratio is 30.49%.

Analyst Upgrades and Downgrades

SHW has been the subject of a number of research analyst reports. Evercore ISI increased their target price on Sherwin-Williams from $360.00 to $365.00 and gave the company an “outperform” rating in a report on Tuesday, May 14th. BMO Capital Markets reduced their target price on Sherwin-Williams from $377.00 to $360.00 and set an “outperform” rating for the company in a report on Wednesday, June 12th. KeyCorp upgraded Sherwin-Williams from a “sector weight” rating to an “overweight” rating and set a $400.00 price objective for the company in a report on Thursday, April 25th. Mizuho cut their price objective on Sherwin-Williams from $340.00 to $334.00 and set a “buy” rating for the company in a report on Wednesday, April 24th. Finally, StockNews.com lowered Sherwin-Williams from a “buy” rating to a “hold” rating in a report on Thursday, April 25th. One analyst has rated the stock with a sell rating, seven have issued a hold rating and twelve have issued a buy rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $340.65.

About Sherwin-Williams

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.