The Sherwin-Williams Company (NYSE:SHW) Shares Sold by Chatham Capital Group Inc.

Chatham Capital Group Inc. reduced its stake in shares of The Sherwin-Williams Company (NYSE:SHW) by 2.8% during the 1st quarter, Holdings Channel.com reports. The firm owned 3,821 shares of the specialty chemicals company’s stock after selling 110 shares during the quarter. Chatham Capital Group Inc.’s holdings in Sherwin-Williams were worth $1,334,000 as of its most recent filing with the SEC.

Other institutional investors have also modified their holdings of the company. Midwest Capital Advisors LLC acquired a new stake in Sherwin-Williams during the fourth quarter worth about $26,000. Park Square Financial Group LLC acquired a new stake in shares of Sherwin-Williams during the 4th quarter worth approximately $27,000. Lee Danner & Bass Inc. purchased a new position in shares of Sherwin-Williams during the 4th quarter valued at approximately $28,000. Sierra Ocean LLC acquired a new position in shares of Sherwin-Williams in the 4th quarter valued at $36,000. Finally, WR Wealth Planners LLC boosted its holdings in Sherwin-Williams by 41.7% during the fourth quarter. WR Wealth Planners LLC now owns 119 shares of the specialty chemicals company’s stock worth $40,000 after buying an additional 35 shares in the last quarter. Hedge funds and other institutional investors own 77.67% of the company’s stock.

Wall Street Analyst Weigh In

SHW has been the subject of a number of recent analyst reports. Jefferies Financial Group reaffirmed a “hold” rating and issued a $380.00 price objective (down previously from $423.00) on shares of Sherwin-Williams in a report on Monday, March 10th. Morgan Stanley reduced their price target on shares of Sherwin-Williams from $405.00 to $385.00 and set an “overweight” rating on the stock in a research report on Tuesday, April 22nd. Wells Fargo & Company upgraded Sherwin-Williams from an “equal weight” rating to an “overweight” rating and increased their price objective for the stock from $350.00 to $420.00 in a research report on Wednesday, April 30th. UBS Group decreased their price target on Sherwin-Williams from $430.00 to $400.00 and set a “buy” rating on the stock in a research note on Monday, April 7th. Finally, Royal Bank of Canada boosted their price objective on shares of Sherwin-Williams from $410.00 to $420.00 and gave the company an “outperform” rating in a report on Thursday, May 1st. Five analysts have rated the stock with a hold rating, eleven have given a buy rating and two have assigned a strong buy rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $397.00.

Sherwin-Williams Trading Up 1.4%

Shares of Sherwin-Williams stock opened at $362.71 on Thursday. The company has a 50-day moving average of $345.75 and a two-hundred day moving average of $353.34. The Sherwin-Williams Company has a 12-month low of $282.09 and a 12-month 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 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 released its quarterly earnings data on Tuesday, April 29th. The specialty chemicals company reported $2.25 earnings per share for the quarter, beating the consensus estimate of $2.23 by $0.02. The firm had revenue of $5.31 billion during the quarter, compared to the consensus estimate of $5.42 billion. Sherwin-Williams had a return on equity of 74.50% and a net margin of 11.61%. Sherwin-Williams’s quarterly revenue was down 1.1% on a year-over-year basis. During the same period last year, the business posted $2.17 EPS. On average, research analysts anticipate that The Sherwin-Williams Company will post 12 EPS for the current fiscal year.

Sherwin-Williams Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, June 6th. Shareholders of record on Friday, May 16th will be paid a dividend of $0.79 per share. The ex-dividend date is Friday, May 16th. This represents a $3.16 annualized dividend and a yield of 0.87%. Sherwin-Williams’s dividend payout ratio is presently 29.87%.

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.