Trust Co. of Vermont decreased its holdings in shares of Sherwin-Williams Co (NYSE:SHW) by 26.5% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 3,358 shares of the specialty chemicals company’s stock after selling 1,210 shares during the period. Trust Co. of Vermont’s holdings in Sherwin-Williams were worth $1,317,000 at the end of the most recent reporting period.
A number of other institutional investors and hedge funds have also added to or reduced their stakes in the business. BlackRock Inc. raised its position in Sherwin-Williams by 0.9% during the 1st quarter. BlackRock Inc. now owns 5,633,466 shares of the specialty chemicals company’s stock valued at $2,208,994,000 after purchasing an additional 47,494 shares during the last quarter. JPMorgan Chase & Co. raised its position in Sherwin-Williams by 4.4% during the 1st quarter. JPMorgan Chase & Co. now owns 1,396,160 shares of the specialty chemicals company’s stock valued at $547,463,000 after purchasing an additional 58,419 shares during the last quarter. Fiera Capital Corp raised its position in Sherwin-Williams by 3.3% during the 1st quarter. Fiera Capital Corp now owns 1,311,131 shares of the specialty chemicals company’s stock valued at $514,120,000 after purchasing an additional 42,234 shares during the last quarter. Principal Financial Group Inc. raised its position in Sherwin-Williams by 5.8% during the 1st quarter. Principal Financial Group Inc. now owns 1,118,210 shares of the specialty chemicals company’s stock valued at $438,474,000 after purchasing an additional 61,587 shares during the last quarter. Finally, Geode Capital Management LLC grew its holdings in shares of Sherwin-Williams by 3.0% during the 4th quarter. Geode Capital Management LLC now owns 914,472 shares of the specialty chemicals company’s stock worth $374,223,000 after acquiring an additional 26,623 shares during the period. 74.56% of the stock is owned by institutional investors and hedge funds.
Sherwin-Williams opened at $397.61 on Wednesday, Marketbeat reports. The company has a current ratio of 1.13, a quick ratio of 0.67 and a debt-to-equity ratio of 2.68. The company has a market capitalization of $37.26 billion, a P/E ratio of 27.86, a P/E/G ratio of 1.79 and a beta of 1.17. Sherwin-Williams Co has a twelve month low of $326.68 and a twelve month high of $435.15.
Sherwin-Williams (NYSE:SHW) last posted its quarterly earnings results on Tuesday, April 24th. The specialty chemicals company reported $3.57 earnings per share for the quarter, topping the consensus estimate of $3.16 by $0.41. The company had revenue of $3.97 billion for the quarter, compared to the consensus estimate of $3.94 billion. Sherwin-Williams had a return on equity of 48.06% and a net margin of 11.02%. The firm’s quarterly revenue was up 43.6% compared to the same quarter last year. During the same quarter in the prior year, the business posted $2.27 EPS. analysts expect that Sherwin-Williams Co will post 18.71 EPS for the current fiscal year.
The business also recently declared a quarterly dividend, which was paid on Friday, June 1st. Investors of record on Friday, May 18th were paid a $0.86 dividend. The ex-dividend date of this dividend was Thursday, May 17th. This represents a $3.44 annualized dividend and a dividend yield of 0.87%. Sherwin-Williams’s payout ratio is currently 24.11%.
A number of research analysts have weighed in on SHW shares. Zacks Investment Research downgraded Sherwin-Williams from a “buy” rating to a “hold” rating in a report on Wednesday, April 4th. Cleveland Research reiterated a “buy” rating on shares of Sherwin-Williams in a report on Wednesday, March 7th. Credit Suisse Group reduced their target price on Sherwin-Williams from $473.00 to $457.00 and set an “outperform” rating on the stock in a report on Wednesday, April 25th. BMO Capital Markets started coverage on Sherwin-Williams in a report on Tuesday, March 27th. They set a “market perform” rating and a $453.00 target price on the stock. Finally, Barclays reduced their target price on Sherwin-Williams from $450.00 to $420.00 and set an “equal weight” rating on the stock in a report on Wednesday, April 25th. One investment analyst has rated the stock with a sell rating, nine have issued a hold rating, fourteen have issued a buy rating and one has issued a strong buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and a consensus target price of $439.65.
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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