Mawer Investment Management Ltd. lowered its holdings in Sherwin-Williams Co (NYSE:SHW) by 1.4% in the 4th quarter, according to the company in its most recent filing with the SEC. The firm owned 59,840 shares of the specialty chemicals company’s stock after selling 820 shares during the quarter. Mawer Investment Management Ltd. owned approximately 0.06% of Sherwin-Williams worth $24,537,000 at the end of the most recent quarter.
A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the business. Verition Fund Management LLC lifted its holdings in Sherwin-Williams by 12.9% in the 2nd quarter. Verition Fund Management LLC now owns 785 shares of the specialty chemicals company’s stock worth $276,000 after buying an additional 90 shares during the period. Athena Capital Advisors LLC lifted its holdings in Sherwin-Williams by 22.1% in the 3rd quarter. Athena Capital Advisors LLC now owns 745 shares of the specialty chemicals company’s stock worth $267,000 after buying an additional 135 shares during the period. Commonwealth Equity Services Inc lifted its holdings in Sherwin-Williams by 0.5% in the 3rd quarter. Commonwealth Equity Services Inc now owns 31,042 shares of the specialty chemicals company’s stock worth $11,114,000 after buying an additional 142 shares during the period. Haverford Trust Co. lifted its holdings in Sherwin-Williams by 2.2% in the 3rd quarter. Haverford Trust Co. now owns 6,704 shares of the specialty chemicals company’s stock worth $2,400,000 after buying an additional 144 shares during the period. Finally, Checchi Capital Advisers LLC lifted its stake in shares of Sherwin-Williams by 17.7% in the 4th quarter. Checchi Capital Advisers LLC now owns 982 shares of the specialty chemicals company’s stock valued at $403,000 after purchasing an additional 148 shares during the period. Institutional investors and hedge funds own 74.61% of the company’s stock.
SHW has been the subject of a number of research analyst reports. KeyCorp restated an “overweight” rating and issued a $465.00 target price (up previously from $440.00) on shares of Sherwin-Williams in a research note on Thursday, January 11th. Robert W. Baird restated a “buy” rating and issued a $425.00 target price on shares of Sherwin-Williams in a research note on Friday, November 10th. Seaport Global Securities upgraded Sherwin-Williams from a “neutral” rating to a “buy” rating in a research note on Friday, February 2nd. Zacks Investment Research upgraded Sherwin-Williams from a “hold” rating to a “buy” rating and set a $463.00 target price for the company in a research note on Wednesday, December 27th. Finally, Deutsche Bank initiated coverage on Sherwin-Williams in a research note on Friday, December 22nd. They issued a “hold” rating and a $420.00 target price for the company. One analyst has rated the stock with a sell rating, eight have issued a hold rating, fourteen have issued a buy rating and one has issued a strong buy rating to the company. The company currently has a consensus rating of “Buy” and an average price target of $436.20.
Sherwin-Williams Co (NYSE:SHW) opened at $396.67 on Wednesday. Sherwin-Williams Co has a 52-week low of $305.70 and a 52-week high of $435.15. The company has a debt-to-equity ratio of 2.68, a quick ratio of 0.67 and a current ratio of 1.12. The firm has a market capitalization of $37,620.65, a P/E ratio of 27.76, a P/E/G ratio of 1.81 and a beta of 1.18.
Sherwin-Williams (NYSE:SHW) last posted its quarterly earnings data on Thursday, January 25th. The specialty chemicals company reported $2.95 earnings per share for the quarter, missing the Zacks’ consensus estimate of $3.18 by ($0.23). Sherwin-Williams had a net margin of 11.83% and a return on equity of 50.59%. The company had revenue of $3.98 billion for the quarter, compared to the consensus estimate of $3.91 billion. During the same period last year, the business earned $2.15 EPS. The firm’s quarterly revenue was up 43.0% on a year-over-year basis. equities analysts forecast that Sherwin-Williams Co will post 19.1 earnings per share for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, March 9th. Investors of record on Monday, February 26th will be given a dividend of $0.86 per share. This represents a $3.44 dividend on an annualized basis and a yield of 0.87%. The ex-dividend date of this dividend is Friday, February 23rd. This is a positive change from Sherwin-Williams’s previous quarterly dividend of $0.85. Sherwin-Williams’s dividend payout ratio (DPR) is 18.27%.
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The Sherwin-Williams Company (Sherwin-Williams) is engaged in the development, manufacture, distribution and sale of paint, coatings and related products. The Company’s segments are Paint Stores Group, Consumer Group, Global Finishes Group, Latin America Coatings Group and Administrative. The Paint Stores Group markets and sells Sherwin-Williams branded architectural paint and coatings, protective and marine products, original equipment manufacturer (OEM) product finishes and related items.
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