FIL Ltd bought a new position in shares of Sherwin-Williams Co (NYSE:SHW) in the 1st quarter, according to its most recent 13F filing with the SEC. The fund bought 3,789 shares of the specialty chemicals company’s stock, valued at approximately $1,486,000.
Several other institutional investors also recently bought and sold shares of SHW. Prime Capital Investment Advisors LLC grew its position in shares of Sherwin-Williams by 129.4% in the 1st quarter. Prime Capital Investment Advisors LLC now owns 500 shares of the specialty chemicals company’s stock valued at $196,000 after purchasing an additional 282 shares during the period. Aspen Investment Management Inc acquired a new position in shares of Sherwin-Williams in the 4th quarter valued at approximately $205,000. Salem Investment Counselors Inc. acquired a new position in shares of Sherwin-Williams in the 4th quarter valued at approximately $205,000. Alps Advisors Inc. acquired a new position in shares of Sherwin-Williams in the 4th quarter valued at approximately $210,000. Finally, Timber Hill LLC acquired a new position in shares of Sherwin-Williams in the 4th quarter valued at approximately $218,000. Institutional investors own 74.77% of the company’s stock.
Several equities analysts recently issued reports on SHW shares. Zacks Investment Research lowered Sherwin-Williams from a “buy” rating to a “hold” rating in a research report on Wednesday, April 4th. Barclays decreased their price objective on Sherwin-Williams from $450.00 to $420.00 and set an “equal weight” rating for the company in a research report on Wednesday, April 25th. Cleveland Research reiterated a “buy” rating on shares of Sherwin-Williams in a research report on Wednesday, March 7th. BMO Capital Markets initiated coverage on Sherwin-Williams in a research report on Tuesday, March 27th. They set a “market perform” rating and a $453.00 price target for the company. Finally, Royal Bank of Canada reduced their price target on Sherwin-Williams to $470.00 and set an “outperform” rating for the company in a research report on Thursday, April 26th. One analyst has rated the stock with a sell rating, nine have given a hold rating, fourteen have issued a buy rating and one has assigned a strong buy rating to the stock. The stock currently has an average rating of “Buy” and an average price target of $439.65.
Sherwin-Williams (NYSE:SHW) last announced its quarterly earnings data on Tuesday, April 24th. The specialty chemicals company reported $3.57 earnings per share for the quarter, beating the Zacks’ consensus estimate of $3.16 by $0.41. Sherwin-Williams had a net margin of 11.02% and a return on equity of 48.06%. The business had revenue of $3.97 billion for the quarter, compared to analyst estimates of $3.94 billion. During the same period last year, the business earned $2.27 EPS. The company’s revenue was up 43.6% on a year-over-year basis. equities analysts expect that Sherwin-Williams Co will post 18.71 earnings per share for the current fiscal year.
The company also recently disclosed a quarterly dividend, which was paid on Friday, June 1st. Stockholders of record on Friday, May 18th were issued a $0.86 dividend. The ex-dividend date was Thursday, May 17th. This represents a $3.44 dividend on an annualized basis and a dividend yield of 0.87%. Sherwin-Williams’s payout ratio is 24.11%.
Sherwin-Williams Company Profile
The Sherwin-Williams Company develops, manufactures, distributes, and sells paints, coatings, and related products to professional, industrial, commercial, and retail customers primarily in North and South America, the Caribbean, Europe, Asia, and Australia. The company operates in three segments: The Americas Group, Consumer Brands Group, and Performance Coatings Group.
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