Nichols & Pratt Advisers LLP MA Cuts Stake in The Sherwin-Williams Company (NYSE:SHW)

Nichols & Pratt Advisers LLP MA cut its holdings in shares of The Sherwin-Williams Company (NYSE:SHW) by 3.5% during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 10,158 shares of the specialty chemicals company’s stock after selling 370 shares during the quarter. Nichols & Pratt Advisers LLP MA’s holdings in Sherwin-Williams were worth $3,031,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Vanguard Group Inc. raised its stake in shares of Sherwin-Williams by 0.9% in the first quarter. Vanguard Group Inc. now owns 21,620,939 shares of the specialty chemicals company’s stock valued at $7,509,601,000 after acquiring an additional 184,979 shares in the last quarter. Capital World Investors boosted its stake in shares of Sherwin-Williams by 38.9% in the 4th quarter. Capital World Investors now owns 3,840,789 shares of the specialty chemicals company’s stock valued at $1,197,952,000 after buying an additional 1,075,351 shares during the period. Norges Bank acquired a new position in shares of Sherwin-Williams during the fourth quarter worth about $1,176,356,000. Clearbridge Investments LLC increased its stake in shares of Sherwin-Williams by 4.4% during 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 period. Finally, Capital Research Global Investors increased its stake in shares of Sherwin-Williams by 2.3% during the fourth quarter. Capital Research Global Investors now owns 2,536,096 shares of the specialty chemicals company’s stock worth $791,008,000 after buying an additional 56,161 shares during the period. Hedge funds and other institutional investors own 77.67% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts have commented on the stock. Royal Bank of Canada boosted their price target on shares of Sherwin-Williams from $370.00 to $418.00 and gave the stock an “outperform” rating in a report on Wednesday, July 24th. Morgan Stanley lifted their price objective on shares of Sherwin-Williams from $338.00 to $375.00 and gave the stock an “overweight” rating in a research report on Wednesday, July 24th. KeyCorp increased their price objective on Sherwin-Williams from $400.00 to $410.00 and gave the company an “overweight” rating in a report on Wednesday, July 24th. Wells Fargo & Company lifted their price target on shares of Sherwin-Williams from $320.00 to $350.00 and gave the stock an “equal weight” rating in a research note on Wednesday, July 24th. Finally, Robert W. Baird boosted their price objective on Sherwin-Williams from $310.00 to $325.00 and gave the company a “neutral” rating in a research note on Wednesday, July 24th. One analyst has rated the stock with a sell rating, seven have issued a hold rating, thirteen have assigned a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, Sherwin-Williams has a consensus rating of “Moderate Buy” and an average price target of $355.00.

Sherwin-Williams Price Performance

SHW stock traded up $0.82 during trading on Friday, reaching $358.73. 1,358,595 shares of the company were exchanged, compared to its average volume of 1,622,454. The stock’s 50 day moving average price is $326.52 and its 200 day moving average price is $321.30. The Sherwin-Williams Company has a 52-week low of $232.06 and a 52-week high of $360.70. The company has a debt-to-equity ratio of 2.17, a quick ratio of 0.50 and a current ratio of 0.81. The company has a market cap of $90.49 billion, a P/E ratio of 38.24, a PEG ratio of 2.79 and a beta of 1.16.

Sherwin-Williams (NYSE:SHW) last released its quarterly earnings data on Tuesday, July 23rd. The specialty chemicals company reported $3.70 earnings per share for the quarter, beating the consensus estimate of $3.51 by $0.19. The firm had revenue of $6.27 billion during the quarter, compared to the consensus estimate of $6.33 billion. Sherwin-Williams had a return on equity of 75.58% and a net margin of 10.92%. Sherwin-Williams’s quarterly revenue was up .5% on a year-over-year basis. During the same period last year, the business posted $3.29 EPS. As a group, analysts predict that The Sherwin-Williams Company will post 11.44 earnings per share for the current fiscal year.

Sherwin-Williams Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, September 6th. Investors of record on Friday, August 16th will be given a $0.715 dividend. The ex-dividend date is Friday, August 16th. This represents a $2.86 annualized dividend and a dividend yield of 0.80%. 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.