IFM Investors Pty Ltd boosted its holdings in The Sherwin-Williams Company (NYSE:SHW – Free Report) by 4.7% during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 47,545 shares of the specialty chemicals company’s stock after buying an additional 2,119 shares during the period. IFM Investors Pty Ltd’s holdings in Sherwin-Williams were worth $15,241,000 as of its most recent SEC filing.
A number of other large investors also recently modified their holdings of the business. First Pacific Financial boosted its position in shares of Sherwin-Williams by 1.6% in the first quarter. First Pacific Financial now owns 2,640 shares of the specialty chemicals company’s stock valued at $846,000 after acquiring an additional 42 shares during the period. Harbor Investment Advisory LLC increased its position in Sherwin-Williams by 14.6% during the first quarter. Harbor Investment Advisory LLC now owns 1,061 shares of the specialty chemicals company’s stock worth $340,000 after acquiring an additional 135 shares during the period. Premier Path Wealth Partners LLC raised its stake in Sherwin-Williams by 31.1% during the 1st quarter. Premier Path Wealth Partners LLC now owns 2,150 shares of the specialty chemicals company’s stock valued at $689,000 after purchasing an additional 510 shares during the last quarter. SevenBridge Financial Group LLC raised its stake in Sherwin-Williams by 6.3% during the 1st quarter. SevenBridge Financial Group LLC now owns 11,313 shares of the specialty chemicals company’s stock valued at $3,791,000 after purchasing an additional 668 shares during the last quarter. Finally, SJS Investment Consulting Inc. boosted its holdings in Sherwin-Williams by 7.7% in the 1st quarter. SJS Investment Consulting Inc. now owns 1,120 shares of the specialty chemicals company’s stock valued at $359,000 after purchasing an additional 80 shares during the period. 77.67% of the stock is currently owned by institutional investors and hedge funds.
Sherwin-Williams Price Performance
Shares of Sherwin-Williams stock opened at $346.05 on Thursday. The company has a debt-to-equity ratio of 2.10, a quick ratio of 0.53 and a current ratio of 0.86. The firm’s 50-day simple moving average is $317.08 and its 200-day simple moving average is $331.54. The Sherwin-Williams Company has a twelve month low of $289.86 and a twelve month high of $379.65. The firm has a market cap of $85.35 billion, a P/E ratio of 33.21, a price-to-earnings-growth ratio of 2.97 and a beta of 1.10.
Sherwin-Williams Announces Dividend
The business also recently announced a quarterly dividend, which was paid on Friday, June 5th. Stockholders of record on Friday, May 22nd were issued a $0.80 dividend. The ex-dividend date of this dividend was Friday, May 22nd. This represents a $3.20 dividend on an annualized basis and a dividend yield of 0.9%. Sherwin-Williams’s dividend payout ratio is presently 30.71%.
Analyst Upgrades and Downgrades
Several research firms have recently issued reports on SHW. Wells Fargo & Company dropped their price objective on shares of Sherwin-Williams from $365.00 to $350.00 and set an “equal weight” rating on the stock in a report on Wednesday, April 29th. UBS Group downgraded Sherwin-Williams from a “buy” rating to a “neutral” rating and decreased their target price for the stock from $385.00 to $330.00 in a research report on Tuesday, June 2nd. JPMorgan Chase & Co. lowered their price target on Sherwin-Williams from $385.00 to $365.00 and set an “overweight” rating on the stock in a research note on Wednesday, April 29th. Berenberg Bank set a $380.00 price target on Sherwin-Williams in a report on Monday, June 8th. Finally, Citigroup assumed coverage on Sherwin-Williams in a research report on Wednesday, June 24th. They issued an “overweight” rating for the company. Eight investment analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company. Based on data from MarketBeat, Sherwin-Williams currently has a consensus rating of “Moderate Buy” and an average target price of $368.69.
Read Our Latest Stock Report on SHW
Sherwin-Williams Company Profile
Sherwin-Williams (NYSE: SHW) is a global manufacturer and distributor of paints, coatings and related products. Founded in 1866 and headquartered in Cleveland, Ohio, the company supplies a broad range of coatings for residential, commercial and industrial applications. Its product offering includes architectural paints and stains, industrial and protective coatings, automotive finishes, and a variety of sundry products such as primers, sealants and specialty treatments used by professionals and consumers.
The company sells through multiple channels, including a large network of company-operated retail paint stores that serve professional contractors and do-it-yourself consumers, as well as through distributors and mass retailers.
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