O Shaughnessy Asset Management LLC Has $11.07 Million Position in The Sherwin-Williams Company (NYSE:SHW)

O Shaughnessy Asset Management LLC increased its position in shares of The Sherwin-Williams Company (NYSE:SHW) by 24.1% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 31,869 shares of the specialty chemicals company’s stock after acquiring an additional 6,179 shares during the quarter. O Shaughnessy Asset Management LLC’s holdings in Sherwin-Williams were worth $11,069,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of SHW. BKM Wealth Management LLC bought a new stake in shares of Sherwin-Williams in the 4th quarter valued at $506,000. Fortitude Family Office LLC acquired a new stake in shares of Sherwin-Williams during the fourth quarter worth about $53,000. Advisor Resource Council bought a new position in shares of Sherwin-Williams during the 4th quarter valued at about $261,000. Everhart Financial Group Inc. grew its position in shares of Sherwin-Williams by 12.7% in the 4th quarter. Everhart Financial Group Inc. now owns 913 shares of the specialty chemicals company’s stock valued at $285,000 after purchasing an additional 103 shares during the period. Finally, Premier Path Wealth Partners LLC bought a new stake in Sherwin-Williams during the 4th quarter worth approximately $325,000. Institutional investors and hedge funds own 77.67% of the company’s stock.

Analysts Set New Price Targets

Several research analysts have recently weighed in on the stock. JPMorgan Chase & Co. reduced their price target on shares of Sherwin-Williams from $317.00 to $315.00 and set an “overweight” rating for the company in a report on Wednesday, April 24th. Citigroup dropped their price target on Sherwin-Williams from $390.00 to $370.00 and set a “buy” rating on the stock in a research note on Thursday, April 25th. UBS Group reduced their price objective on Sherwin-Williams from $385.00 to $355.00 and set a “buy” rating for the company in a research report on Tuesday, July 9th. Loop Capital cut their target price on Sherwin-Williams from $395.00 to $380.00 and set a “buy” rating on the stock in a research note on Wednesday, April 24th. Finally, BMO Capital Markets decreased their price target on shares of Sherwin-Williams from $377.00 to $360.00 and set an “outperform” rating for the company in a research note on Wednesday, June 12th. One investment analyst has rated the stock with a sell rating, seven have given a hold rating and twelve have given a buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $340.65.

Sherwin-Williams Stock Performance

Sherwin-Williams stock traded up $22.15 during midday trading on Tuesday, reaching $344.50. 4,151,226 shares of the company’s stock were exchanged, compared to its average volume of 1,611,173. The stock’s 50-day simple moving average is $305.02 and its 200 day simple moving average is $313.73. The firm has a market cap of $87.35 billion, a price-to-earnings ratio of 36.34, a P/E/G ratio of 2.69 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 Sherwin-Williams Company has a 52 week low of $232.06 and a 52 week high of $348.37.

Sherwin-Williams (NYSE:SHW) last issued 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 return on equity of 73.74% and a net margin of 10.52%. The business had revenue of $5.37 billion for the quarter, compared to the consensus estimate of $5.50 billion. During the same quarter in the prior year, the firm posted $2.04 earnings per share. The business’s revenue was down 1.4% compared to the same quarter last year. On average, analysts expect that The Sherwin-Williams Company will post 11.41 earnings per share for the current fiscal year.

Sherwin-Williams Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, September 6th. Stockholders of record on Friday, August 16th will be paid a dividend of $0.715 per share. This represents a $2.86 dividend on an annualized basis and a dividend yield of 0.83%. The ex-dividend date of this dividend is Friday, August 16th. Sherwin-Williams’s dividend payout ratio is presently 30.49%.

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.