Janney Montgomery Scott LLC Trims Stake in The Sherwin-Williams Company (NYSE:SHW)

Janney Montgomery Scott LLC lessened its position in shares of The Sherwin-Williams Company (NYSE:SHW) by 3.1% during the first quarter, HoldingsChannel reports. The institutional investor owned 131,554 shares of the specialty chemicals company’s stock after selling 4,232 shares during the quarter. Janney Montgomery Scott LLC’s holdings in Sherwin-Williams were worth $45,938,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors also recently added to or reduced their stakes in SHW. Voleon Capital Management LP acquired a new position in shares of Sherwin-Williams in the 4th quarter valued at $2,011,000. Kerusso Capital Management LLC grew its position in Sherwin-Williams by 75.9% during the 4th quarter. Kerusso Capital Management LLC now owns 10,290 shares of the specialty chemicals company’s stock worth $3,498,000 after purchasing an additional 4,439 shares during the last quarter. Empower Advisory Group LLC increased its stake in Sherwin-Williams by 3.3% in the fourth quarter. Empower Advisory Group LLC now owns 322,925 shares of the specialty chemicals company’s stock valued at $109,772,000 after purchasing an additional 10,267 shares during the period. Horizon Investments LLC raised its holdings in shares of Sherwin-Williams by 2.7% in the fourth quarter. Horizon Investments LLC now owns 6,031 shares of the specialty chemicals company’s stock valued at $2,050,000 after buying an additional 161 shares during the last quarter. Finally, Wealthcare Advisory Partners LLC boosted its stake in shares of Sherwin-Williams by 18.4% during the first quarter. Wealthcare Advisory Partners LLC now owns 882 shares of the specialty chemicals company’s stock worth $308,000 after buying an additional 137 shares during the period. Institutional investors and hedge funds own 77.67% of the company’s stock.

Wall Street Analysts Forecast Growth

SHW has been the topic of several recent research reports. Citigroup cut Sherwin-Williams from a “buy” rating to a “neutral” rating and dropped their price target for the company from $405.00 to $385.00 in a research report on Friday. Morgan Stanley dropped their target price on Sherwin-Williams from $405.00 to $385.00 and set an “overweight” rating on the stock in a report on Tuesday, April 22nd. Royal Bank of Canada increased their price target on Sherwin-Williams from $410.00 to $420.00 and gave the stock an “outperform” rating in a report on Thursday, May 1st. UBS Group dropped 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. Finally, Wells Fargo & Company upgraded shares of Sherwin-Williams from an “equal weight” rating to an “overweight” rating and upped their price objective for the stock from $350.00 to $420.00 in a research report on Wednesday, April 30th. Six analysts have rated the stock with a hold rating, ten have assigned a buy rating and two have assigned a strong buy rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $397.67.

Sherwin-Williams Stock Down 0.1%

Shares of NYSE SHW opened at $335.63 on Tuesday. The stock has a market capitalization of $84.11 billion, a price-to-earnings ratio of 31.81, a price-to-earnings-growth ratio of 2.98 and a beta of 1.21. The Sherwin-Williams Company has a 52 week low of $292.27 and a 52 week high of $400.42. The firm has a 50-day moving average price of $348.60 and a 200 day moving average price of $350.91. The company has a quick ratio of 0.46, a current ratio of 0.79 and a debt-to-equity ratio of 2.02.

Sherwin-Williams (NYSE:SHW) last issued its quarterly earnings data on Tuesday, April 29th. The specialty chemicals company reported $2.25 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.23 by $0.02. Sherwin-Williams had a return on equity of 74.50% and a net margin of 11.61%. The firm had revenue of $5.31 billion during the quarter, compared to analysts’ expectations of $5.42 billion. During the same period in the previous year, the firm posted $2.17 earnings per share. Sherwin-Williams’s revenue was down 1.1% on a year-over-year basis. Equities research 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 was paid on Friday, June 6th. Shareholders of record on Friday, May 16th were issued a dividend of $0.79 per share. This represents a $3.16 dividend on an annualized basis and a yield of 0.94%. The ex-dividend date of this dividend was Friday, May 16th. Sherwin-Williams’s dividend payout ratio (DPR) is presently 29.87%.

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.