Entropy Technologies LP bought a new position in The Sherwin-Williams Company (NYSE:SHW – Free Report) during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm bought 27,953 shares of the specialty chemicals company’s stock, valued at approximately $9,058,000.
A number of other hedge funds and other institutional investors have also bought and sold shares of the business. CoreCap Advisors LLC increased its stake in Sherwin-Williams by 0.6% in the fourth quarter. CoreCap Advisors LLC now owns 5,102 shares of the specialty chemicals company’s stock worth $1,653,000 after purchasing an additional 29 shares during the period. Sowell Financial Services LLC increased its stake in Sherwin-Williams by 2.8% in the fourth quarter. Sowell Financial Services LLC now owns 1,057 shares of the specialty chemicals company’s stock worth $343,000 after purchasing an additional 29 shares during the period. Mather Group LLC. increased its stake in Sherwin-Williams by 1.4% in the fourth quarter. Mather Group LLC. now owns 2,118 shares of the specialty chemicals company’s stock worth $686,000 after purchasing an additional 30 shares during the period. Sapient Capital LLC increased its stake in Sherwin-Williams by 0.3% in the fourth 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 period. Finally, Deseret Mutual Benefit Administrators increased its stake in Sherwin-Williams by 6.3% in the fourth 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 period. Hedge funds and other institutional investors own 77.67% of the company’s stock.
Sherwin-Williams Stock Performance
Shares of Sherwin-Williams stock opened at $317.25 on Friday. The firm has a market cap of $78.24 billion, a P/E ratio of 30.45, a P/E/G ratio of 2.74 and a beta of 1.12. The company has a current ratio of 0.86, a quick ratio of 0.53 and a debt-to-equity ratio of 2.10. The Sherwin-Williams Company has a 12 month low of $289.86 and a 12 month high of $379.65. The stock’s fifty day moving average price is $317.14 and its 200-day moving average price is $332.10.
Sherwin-Williams Announces Dividend
The business also recently announced a quarterly dividend, which was paid on Friday, June 5th. Shareholders of record on Friday, May 22nd were paid a $0.80 dividend. This represents a $3.20 annualized dividend and a yield of 1.0%. The ex-dividend date was Friday, May 22nd. Sherwin-Williams’s payout ratio is 30.71%.
Wall Street Analysts Forecast Growth
A number of analysts have weighed in on SHW shares. Evercore reiterated an “outperform” rating on shares of Sherwin-Williams in a research note on Friday, May 8th. Berenberg Bank set a $380.00 price target on Sherwin-Williams in a research note on Monday, June 8th. UBS Group lowered Sherwin-Williams from a “buy” rating to a “neutral” rating and cut their price target for the company from $385.00 to $330.00 in a research note on Tuesday, June 2nd. BMO Capital Markets set a $355.00 price target on Sherwin-Williams and gave the company an “outperform” rating in a research note on Wednesday, June 3rd. Finally, Mizuho cut their price target on Sherwin-Williams from $410.00 to $371.00 and set an “outperform” rating on the stock in a research note on Monday, March 23rd. One research analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating and six have given a Hold rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $366.77.
Check Out 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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