The Sherwin-Williams Company (NYSE:SHW) Position Lessened by Chesley Taft & Associates LLC

Chesley Taft & Associates LLC reduced its stake in shares of The Sherwin-Williams Company (NYSE:SHW) by 0.3% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 12,904 shares of the specialty chemicals company’s stock after selling 35 shares during the quarter. Chesley Taft & Associates LLC’s holdings in Sherwin-Williams were worth $4,506,000 at the end of the most recent quarter.

A number of other institutional investors have also recently added to or reduced their stakes in the stock. Thurston Springer Miller Herd & Titak Inc. lifted its stake in Sherwin-Williams by 36.7% in the first quarter. Thurston Springer Miller Herd & Titak Inc. now owns 8,227 shares of the specialty chemicals company’s stock valued at $2,873,000 after buying an additional 2,210 shares during the last quarter. Portside Wealth Group LLC increased its holdings in shares of Sherwin-Williams by 5.5% in the 1st quarter. Portside Wealth Group LLC now owns 999 shares of the specialty chemicals company’s stock worth $340,000 after acquiring an additional 52 shares during the period. Hennion & Walsh Asset Management Inc. lifted its position in Sherwin-Williams by 122.2% in the 1st quarter. Hennion & Walsh Asset Management Inc. now owns 5,594 shares of the specialty chemicals company’s stock valued at $1,953,000 after purchasing an additional 3,077 shares during the last quarter. Orser Capital Management LLC bought a new stake in Sherwin-Williams in the 1st quarter valued at about $382,000. Finally, Unigestion Holding SA boosted its stake in Sherwin-Williams by 357.0% during the 1st quarter. Unigestion Holding SA now owns 10,968 shares of the specialty chemicals company’s stock valued at $3,830,000 after purchasing an additional 8,568 shares during the period. 77.67% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

SHW has been the topic of several analyst reports. Citigroup dropped their price target on shares of Sherwin-Williams from $423.00 to $375.00 and set a “buy” rating on the stock in a research note on Tuesday, April 8th. Jefferies Financial Group restated a “hold” rating and issued a $380.00 target price (down from $423.00) on shares of Sherwin-Williams in a research report on Monday, March 10th. Mizuho set a $395.00 price target on Sherwin-Williams in a research report on Tuesday, April 15th. Wells Fargo & Company raised Sherwin-Williams from an “equal weight” rating to an “overweight” rating and increased their price target for the stock from $350.00 to $420.00 in a research note on Wednesday, April 30th. Finally, UBS Group cut their price objective on shares of Sherwin-Williams from $430.00 to $400.00 and set a “buy” rating on the stock in a research note on Monday, April 7th. Five research analysts have rated the stock with a hold rating, eleven have assigned a buy rating and two have assigned a strong buy rating to the company’s stock. According to data from MarketBeat, Sherwin-Williams has an average rating of “Moderate Buy” and a consensus price target of $397.00.

Sherwin-Williams Price Performance

Shares of Sherwin-Williams stock opened at $362.71 on Thursday. The Sherwin-Williams Company has a 52 week low of $282.09 and a 52 week high of $400.42. The company has a current ratio of 0.79, a quick ratio of 0.46 and a debt-to-equity ratio of 2.02. The company’s 50-day moving average price is $345.75 and its two-hundred day moving average price is $353.34. The stock has a market cap of $90.90 billion, a PE ratio of 34.38, a price-to-earnings-growth ratio of 2.98 and a beta of 1.25.

Sherwin-Williams (NYSE:SHW) last issued its earnings results on Tuesday, April 29th. The specialty chemicals company reported $2.25 earnings per share for the quarter, topping analysts’ consensus estimates of $2.23 by $0.02. The firm had revenue of $5.31 billion during the quarter, compared to analysts’ expectations of $5.42 billion. Sherwin-Williams had a net margin of 11.61% and a return on equity of 74.50%. The firm’s revenue for the quarter was down 1.1% compared to the same quarter last year. During the same period last year, the firm posted $2.17 earnings per share. As a group, sell-side analysts anticipate that The Sherwin-Williams Company will post 12 EPS for the current fiscal year.

Sherwin-Williams Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, June 6th. Investors of record on Friday, May 16th will be issued a $0.79 dividend. This represents a $3.16 dividend on an annualized basis and a dividend yield of 0.87%. The ex-dividend date of this dividend is Friday, May 16th. Sherwin-Williams’s payout ratio is 29.87%.

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.