Thoroughbred Financial Services LLC Has $300,000 Stock Holdings in The Sherwin-Williams Company (NYSE:SHW)

Thoroughbred Financial Services LLC trimmed its stake in The Sherwin-Williams Company (NYSE:SHW) by 89.3% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 865 shares of the specialty chemicals company’s stock after selling 7,257 shares during the quarter. Thoroughbred Financial Services LLC’s holdings in Sherwin-Williams were worth $300,000 as of its most recent SEC filing.

Other hedge funds have also recently made changes to their positions in the company. AEGON ASSET MANAGEMENT UK Plc acquired a new position in shares of Sherwin-Williams during the fourth quarter valued at about $38,444,000. AIA Group Ltd grew its holdings in shares of Sherwin-Williams by 20.8% during the fourth quarter. AIA Group Ltd now owns 16,312 shares of the specialty chemicals company’s stock valued at $5,088,000 after buying an additional 2,810 shares during the last quarter. Simplicity Solutions LLC grew its holdings in shares of Sherwin-Williams by 182.2% during the fourth quarter. Simplicity Solutions LLC now owns 10,700 shares of the specialty chemicals company’s stock valued at $3,337,000 after buying an additional 6,909 shares during the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. lifted its position in shares of Sherwin-Williams by 5.7% during the fourth quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 261,178 shares of the specialty chemicals company’s stock valued at $77,510,000 after purchasing an additional 13,984 shares in the last quarter. Finally, Waterloo Capital L.P. bought a new position in shares of Sherwin-Williams during the fourth quarter valued at about $360,000. 77.67% of the stock is currently owned by institutional investors and hedge funds.

Sherwin-Williams Price Performance

Shares of NYSE:SHW traded up $5.72 during trading on Tuesday, reaching $324.19. The company had a trading volume of 353,792 shares, compared to its average volume of 1,568,808. The company has a current ratio of 0.78, a quick ratio of 0.46 and a debt-to-equity ratio of 2.32. The Sherwin-Williams Company has a 12 month low of $232.06 and a 12 month high of $348.37. The company has a fifty day moving average of $304.48 and a two-hundred day moving average of $313.02. The stock has a market capitalization of $82.20 billion, a P/E ratio of 33.95, a price-to-earnings-growth ratio of 2.66 and a beta of 1.16.

Sherwin-Williams (NYSE:SHW) last released its earnings results on Tuesday, April 23rd. The specialty chemicals company reported $2.17 EPS for the quarter, missing the consensus estimate 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 for the quarter, compared to the consensus estimate of $5.50 billion. During the same period in the prior year, the business posted $2.04 EPS. Sherwin-Williams’s revenue for the quarter was down 1.4% on a year-over-year basis. Equities research analysts forecast that The Sherwin-Williams Company will post 11.42 earnings per share for the current year.

Sherwin-Williams Announces Dividend

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

Analysts Set New Price Targets

A number of research analysts recently weighed in on SHW shares. KeyCorp raised shares of Sherwin-Williams from a “sector weight” rating to an “overweight” rating and set a $400.00 price target on the stock in a research report on Thursday, April 25th. Mizuho lowered their price objective on shares of Sherwin-Williams from $340.00 to $334.00 and set a “buy” rating on the stock in a research report on Wednesday, April 24th. Royal Bank of Canada lowered their price objective on shares of Sherwin-Williams from $380.00 to $370.00 and set an “outperform” rating on the stock in a research report on Thursday, April 25th. StockNews.com lowered shares of Sherwin-Williams from a “buy” rating to a “hold” rating in a research report on Thursday, April 25th. Finally, Robert W. Baird boosted their price target on shares of Sherwin-Williams from $300.00 to $310.00 and gave the company a “neutral” rating in a research report on Wednesday, April 24th. One investment analyst has rated the stock with a sell rating, seven have given a hold rating and twelve have assigned a buy rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $340.65.

Sherwin-Williams 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.