Ironwood Investment Counsel LLC Sells 181 Shares of The Sherwin-Williams Company (NYSE:SHW)

Ironwood Investment Counsel LLC lowered its position in shares of The Sherwin-Williams Company (NYSE:SHW) by 9.7% during the first quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 1,690 shares of the specialty chemicals company’s stock after selling 181 shares during the period. Ironwood Investment Counsel LLC’s holdings in Sherwin-Williams were worth $587,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also bought and sold shares of the company. AIA Group Ltd lifted its holdings in Sherwin-Williams by 20.8% during the 4th quarter. AIA Group Ltd now owns 16,312 shares of the specialty chemicals company’s stock worth $5,088,000 after buying an additional 2,810 shares during the period. Simplicity Solutions LLC lifted its holdings in Sherwin-Williams by 182.2% during the 4th quarter. Simplicity Solutions LLC now owns 10,700 shares of the specialty chemicals company’s stock worth $3,337,000 after buying an additional 6,909 shares during the period. Mitsubishi UFJ Asset Management Co. Ltd. lifted its holdings in Sherwin-Williams by 5.7% during the 4th quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 261,178 shares of the specialty chemicals company’s stock worth $77,510,000 after buying an additional 13,984 shares during the period. Waterloo Capital L.P. acquired a new position in Sherwin-Williams during the 4th quarter worth about $360,000. Finally, Trust Point Inc. acquired a new position in shares of Sherwin-Williams in the 4th quarter valued at about $403,000. Institutional investors own 77.67% of the company’s stock.

Sherwin-Williams Stock Performance

Shares of SHW stock traded up $0.50 during trading on Monday, hitting $322.35. The company’s stock had a trading volume of 2,263,258 shares, compared to its average volume of 1,592,814. The company has a market cap of $81.73 billion, a PE ratio of 34.37, a P/E/G ratio of 2.69 and a beta of 1.16. 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 business has a fifty day moving average of $305.02 and a 200-day moving average of $313.73. The Sherwin-Williams Company has a 52 week low of $232.06 and a 52 week high of $348.37.

Sherwin-Williams (NYSE:SHW) last released its 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 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% on a year-over-year basis. During the same period in the prior year, the company earned $2.04 earnings per share. As a group, research analysts anticipate that The Sherwin-Williams Company will post 11.41 earnings per share for the current year.

Sherwin-Williams Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, September 6th. Stockholders of record on Friday, August 16th will be issued a $0.715 dividend. This represents a $2.86 annualized dividend and a dividend yield of 0.89%. The ex-dividend date of this dividend is Friday, August 16th. Sherwin-Williams’s dividend payout ratio is presently 30.49%.

Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on SHW. Evercore ISI boosted their price objective on Sherwin-Williams from $360.00 to $365.00 and gave the company an “outperform” rating in a research note on Tuesday, May 14th. UBS Group dropped their price target on Sherwin-Williams from $385.00 to $355.00 and set a “buy” rating on the stock in a research note on Tuesday, July 9th. JPMorgan Chase & Co. dropped their price target on Sherwin-Williams from $317.00 to $315.00 and set an “overweight” rating on the stock in a research note on Wednesday, April 24th. BMO Capital Markets dropped their price target on Sherwin-Williams from $377.00 to $360.00 and set an “outperform” rating on the stock in a research note on Wednesday, June 12th. Finally, StockNews.com downgraded Sherwin-Williams from a “buy” rating to a “hold” rating in a research note on Thursday, April 25th. One research 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. Based on data from MarketBeat.com, Sherwin-Williams currently has a consensus rating of “Moderate Buy” and a consensus target price 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.