NORTHSTAR ASSET MANAGEMENT Co LLC Sells 116 Shares of The Sherwin-Williams Company (NYSE:SHW)

NORTHSTAR ASSET MANAGEMENT Co LLC decreased its stake in shares of The Sherwin-Williams Company (NYSE:SHW) by 0.9% in the second quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 12,919 shares of the specialty chemicals company’s stock after selling 116 shares during the quarter. Sherwin-Williams comprises about 0.9% of NORTHSTAR ASSET MANAGEMENT Co LLC’s portfolio, making the stock its 26th largest holding. NORTHSTAR ASSET MANAGEMENT Co LLC’s holdings in Sherwin-Williams were worth $3,855,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the stock. SVB Wealth LLC raised its stake in Sherwin-Williams by 23.4% during the fourth quarter. SVB Wealth LLC now owns 1,770 shares of the specialty chemicals company’s stock valued at $552,000 after purchasing an additional 336 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank raised its stake in shares of Sherwin-Williams by 36.1% in the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 60,809 shares of the specialty chemicals company’s stock valued at $18,966,000 after acquiring an additional 16,120 shares during the period. Daiwa Securities Group Inc. raised its stake in shares of Sherwin-Williams by 8.9% in the fourth quarter. Daiwa Securities Group Inc. now owns 22,149 shares of the specialty chemicals company’s stock valued at $6,908,000 after acquiring an additional 1,802 shares during the period. Livforsakringsbolaget Skandia Omsesidigt raised its stake in shares of Sherwin-Williams by 112.7% in the fourth quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 519 shares of the specialty chemicals company’s stock valued at $162,000 after acquiring an additional 275 shares during the period. Finally, Court Place Advisors LLC purchased a new stake in shares of Sherwin-Williams in the fourth quarter valued at $211,000. Institutional investors own 77.67% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts have recently weighed in on the stock. StockNews.com downgraded shares of Sherwin-Williams from a “buy” rating to a “hold” rating in a research note on Thursday, April 25th. Morgan Stanley increased their target price on shares of Sherwin-Williams from $338.00 to $375.00 and gave the company an “overweight” rating in a research note on Wednesday, July 24th. Barclays upped their price target on shares of Sherwin-Williams from $315.00 to $355.00 and gave the stock an “equal weight” rating in a report on Wednesday, July 24th. Mizuho cut their price target on shares of Sherwin-Williams from $340.00 to $334.00 and set a “buy” rating on the stock in a report on Wednesday, April 24th. Finally, KeyCorp upped their price target on shares of Sherwin-Williams from $400.00 to $410.00 and gave the stock an “overweight” rating in a report on Wednesday, July 24th. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating, thirteen have issued a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, Sherwin-Williams currently has an average rating of “Moderate Buy” and an average price target of $355.00.

Sherwin-Williams Stock Down 0.4 %

Shares of NYSE:SHW traded down $1.35 during trading on Friday, reaching $354.40. The stock had a trading volume of 1,023,717 shares, compared to its average volume of 1,989,448. The Sherwin-Williams Company has a one year low of $232.06 and a one year high of $357.64. The company has a market capitalization of $89.40 billion, a P/E ratio of 37.78, a PEG ratio of 2.77 and a beta of 1.16. The company has a current ratio of 0.81, a quick ratio of 0.50 and a debt-to-equity ratio of 2.17. The firm’s 50-day simple moving average is $320.52 and its 200 day simple moving average is $319.56.

Sherwin-Williams (NYSE:SHW) last released its quarterly earnings results on Tuesday, July 23rd. The specialty chemicals company reported $3.70 earnings per share for the quarter, beating analysts’ consensus estimates of $3.51 by $0.19. Sherwin-Williams had a net margin of 10.92% and a return on equity of 75.58%. The business had revenue of $6.27 billion for the quarter, compared to analysts’ expectations of $6.33 billion. During the same period last year, the business earned $3.29 EPS. The company’s revenue was up .5% compared to the same quarter last year. As a group, research analysts expect that The Sherwin-Williams Company will post 11.44 EPS for the current fiscal year.

Sherwin-Williams Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, September 6th. Stockholders of record on Friday, August 16th will be issued a $0.715 dividend. This represents a $2.86 dividend on an annualized basis and a dividend yield of 0.81%. The ex-dividend date of this dividend is Friday, August 16th. Sherwin-Williams’s dividend payout ratio is currently 30.49%.

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.