The Sherwin-Williams Company (NYSE:SHW) Stake Lowered by Hudson Valley Investment Advisors Inc. ADV

Hudson Valley Investment Advisors Inc. ADV cut its stake in shares of The Sherwin-Williams Company (NYSE:SHW) by 9.3% in the 1st quarter, Holdings Channel reports. The firm owned 17,626 shares of the specialty chemicals company’s stock after selling 1,801 shares during the quarter. Hudson Valley Investment Advisors Inc. ADV’s holdings in Sherwin-Williams were worth $6,154,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Voleon Capital Management LP acquired a new stake in Sherwin-Williams in the fourth quarter worth approximately $2,011,000. Kerusso Capital Management LLC lifted its holdings in shares of Sherwin-Williams by 75.9% in the fourth quarter. Kerusso Capital Management LLC now owns 10,290 shares of the specialty chemicals company’s stock valued at $3,498,000 after purchasing an additional 4,439 shares in the last quarter. Strategic Financial Concepts LLC purchased a new stake in shares of Sherwin-Williams during the fourth quarter worth $169,000. Empower Advisory Group LLC raised its holdings in shares of Sherwin-Williams by 3.3% during the fourth quarter. Empower Advisory Group LLC now owns 322,925 shares of the specialty chemicals company’s stock worth $109,772,000 after acquiring an additional 10,267 shares in the last quarter. Finally, Horizon Investments LLC raised its holdings in shares of Sherwin-Williams by 2.7% during the fourth quarter. Horizon Investments LLC now owns 6,031 shares of the specialty chemicals company’s stock worth $2,050,000 after acquiring an additional 161 shares in the last quarter. 77.67% of the stock is owned by institutional investors.

Sherwin-Williams Trading Down 0.1%

SHW opened at $357.65 on Friday. The Sherwin-Williams Company has a twelve month low of $282.09 and a twelve month high of $400.42. The company has a quick ratio of 0.46, a current ratio of 0.79 and a debt-to-equity ratio of 2.02. The stock has a market cap of $89.63 billion, a PE ratio of 33.90, a price-to-earnings-growth ratio of 2.98 and a beta of 1.21. The company has a fifty day moving average of $346.06 and a 200-day moving average of $353.11.

Sherwin-Williams (NYSE:SHW) last posted its quarterly earnings results 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 net margin of 11.61% and a return on equity of 74.50%. The business’s revenue was down 1.1% compared to the same quarter last year. During the same period in the previous year, the firm posted $2.17 earnings per share. On average, sell-side analysts predict that The Sherwin-Williams Company will post 12 EPS for the current year.

Sherwin-Williams Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, June 6th. Shareholders of record on Friday, May 16th were given a $0.79 dividend. This represents a $3.16 annualized dividend and a yield of 0.88%. The ex-dividend date was Friday, May 16th. Sherwin-Williams’s dividend payout ratio is 29.87%.

Wall Street Analyst Weigh In

Several equities analysts have commented on SHW shares. Jefferies Financial Group reissued a “hold” rating and set a $380.00 target price (down from $423.00) on shares of Sherwin-Williams in a research report on Monday, March 10th. Barclays decreased their target price on Sherwin-Williams from $385.00 to $355.00 and set an “equal weight” rating on the stock in a research report on Tuesday, April 1st. Mizuho set a $395.00 price target on shares of Sherwin-Williams in a research note on Tuesday, April 15th. Royal Bank of Canada lifted their target price on shares of Sherwin-Williams from $410.00 to $420.00 and gave the company an “outperform” rating in a research note on Thursday, May 1st. Finally, Wells Fargo & Company upgraded shares of Sherwin-Williams from an “equal weight” rating to an “overweight” rating and lifted their target price for the company from $350.00 to $420.00 in a research note on Wednesday, April 30th. Five investment 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 stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $397.00.

Sherwin-Williams Company 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.