The Sherwin-Williams Company $SHW Stock Position Raised by Maverick Capital Ltd.

Maverick Capital Ltd. increased its holdings in shares of The Sherwin-Williams Company (NYSE:SHW) by 37.8% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 391,839 shares of the specialty chemicals company’s stock after acquiring an additional 107,522 shares during the quarter. Sherwin-Williams makes up approximately 1.4% of Maverick Capital Ltd.’s holdings, making the stock its 29th biggest holding. Maverick Capital Ltd.’s holdings in Sherwin-Williams were worth $125,604,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also recently bought and sold shares of the business. Sowell Financial Services LLC grew its holdings in shares of Sherwin-Williams by 2.8% during the fourth quarter. Sowell Financial Services LLC now owns 1,057 shares of the specialty chemicals company’s stock valued at $343,000 after purchasing an additional 29 shares during the last quarter. Sapient Capital LLC lifted its holdings in shares of Sherwin-Williams by 0.3% in the 4th quarter. Sapient Capital LLC now owns 9,176 shares of the specialty chemicals company’s stock worth $2,993,000 after purchasing an additional 30 shares during the last quarter. Deseret Mutual Benefit Administrators lifted its holdings in shares of Sherwin-Williams by 6.2% in the 4th quarter. Deseret Mutual Benefit Administrators now owns 527 shares of the specialty chemicals company’s stock worth $171,000 after purchasing an additional 31 shares during the last quarter. Heartland Bank & Trust Co boosted its position in Sherwin-Williams by 2.8% during the 1st quarter. Heartland Bank & Trust Co now owns 1,174 shares of the specialty chemicals company’s stock valued at $376,000 after purchasing an additional 32 shares during the period. Finally, Nicholas Hoffman & Company LLC. boosted its position in Sherwin-Williams by 1.9% during the 4th quarter. Nicholas Hoffman & Company LLC. now owns 1,789 shares of the specialty chemicals company’s stock valued at $580,000 after purchasing an additional 33 shares during the period. Institutional investors own 77.67% of the company’s stock.

Analysts Set New Price Targets

Several brokerages have weighed in on SHW. Royal Bank Of Canada reaffirmed an “outperform” rating and issued a $405.00 target price (up from $391.00) on shares of Sherwin-Williams in a research report on Wednesday, July 8th. Evercore reissued an “outperform” rating on shares of Sherwin-Williams in a report on Friday, May 8th. Weiss Ratings lowered shares of Sherwin-Williams from a “hold (c+)” rating to a “hold (c)” rating in a research report on Friday, July 17th. Bank of America dropped their price objective on shares of Sherwin-Williams from $370.00 to $365.00 and set a “neutral” rating on the stock in a report on Tuesday, April 21st. Finally, Zacks Research upgraded shares of Sherwin-Williams from a “strong sell” rating to a “hold” rating in a research report on Tuesday, March 31st. Seven equities research analysts have rated the stock with a Buy rating and six have given a Hold rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $373.92.

Sherwin-Williams Stock Performance

Shares of SHW stock opened at $327.27 on Tuesday. The Sherwin-Williams Company has a 12-month low of $289.86 and a 12-month high of $379.65. The firm has a market capitalization of $80.72 billion, a price-to-earnings ratio of 31.41, a price-to-earnings-growth ratio of 2.47 and a beta of 1.10. The business has a 50 day simple moving average of $321.21 and a 200 day simple moving average of $332.13. The company has a debt-to-equity ratio of 2.10, a current ratio of 0.86 and a quick ratio of 0.53.

Sherwin-Williams (NYSE:SHW) last posted its earnings results on Tuesday, April 28th. The specialty chemicals company reported $2.35 EPS for the quarter, beating the consensus estimate of $2.27 by $0.08. Sherwin-Williams had a return on equity of 64.55% and a net margin of 10.86%.The firm had revenue of $5.67 billion for the quarter, compared to analysts’ expectations of $5.56 billion. During the same period last year, the firm earned $2.25 EPS. The firm’s revenue was up 6.9% compared to the same quarter last year. On average, equities research analysts anticipate that The Sherwin-Williams Company will post 11.78 EPS for the current year.

Sherwin-Williams Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, September 11th. Investors of record on Friday, August 21st will be issued a $0.80 dividend. The ex-dividend date of this dividend is Friday, August 21st. This represents a $3.20 annualized dividend and a yield of 1.0%. Sherwin-Williams’s dividend payout ratio is presently 30.71%.

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.