Cwm LLC Buys 668 Shares of The Sherwin-Williams Company (NYSE:SHW)

Cwm LLC lifted its position in The Sherwin-Williams Company (NYSE:SHWFree Report) by 10.6% during the 1st quarter, according to its most recent disclosure with the SEC. The fund owned 6,944 shares of the specialty chemicals company’s stock after purchasing an additional 668 shares during the period. Cwm LLC’s holdings in Sherwin-Williams were worth $2,412,000 as of its most recent SEC filing.

Several other hedge funds also recently made changes to their positions in SHW. Vanguard Group Inc. raised its position in Sherwin-Williams by 0.8% during the 4th quarter. Vanguard Group Inc. now owns 21,435,960 shares of the specialty chemicals company’s stock valued at $6,685,876,000 after purchasing an additional 179,274 shares during the last quarter. Morgan Stanley lifted its stake in Sherwin-Williams by 1.5% in the third quarter. Morgan Stanley now owns 5,063,957 shares of the specialty chemicals company’s stock worth $1,291,563,000 after acquiring an additional 75,571 shares during the period. Capital World Investors boosted its holdings in Sherwin-Williams by 38.9% in the fourth quarter. Capital World Investors now owns 3,840,789 shares of the specialty chemicals company’s stock valued at $1,197,952,000 after acquiring an additional 1,075,351 shares in the last quarter. Norges Bank purchased a new position in Sherwin-Williams during the 4th quarter valued at $1,176,356,000. Finally, Clearbridge Investments LLC increased its position in Sherwin-Williams by 4.4% during the 4th quarter. Clearbridge Investments LLC now owns 2,779,294 shares of the specialty chemicals company’s stock valued at $866,862,000 after purchasing an additional 116,647 shares during the period. 77.67% of the stock is owned by hedge funds and other institutional investors.

Sherwin-Williams Stock Down 0.9 %

Shares of SHW traded down $2.66 on Wednesday, hitting $300.19. 1,973,242 shares of the stock traded hands, compared to its average volume of 1,855,513. The Sherwin-Williams Company has a one year low of $232.06 and a one year high of $348.37. The company has a market capitalization of $76.11 billion, a PE ratio of 32.00, a P/E/G ratio of 2.43 and a beta of 1.17. The business has a 50 day simple moving average of $307.42 and a 200 day simple moving average of $313.03. The company has a debt-to-equity ratio of 2.32, a quick ratio of 0.46 and a current ratio of 0.78.

Sherwin-Williams (NYSE:SHWGet Free Report) last posted its earnings results on Tuesday, April 23rd. The specialty chemicals company reported $2.17 EPS for the quarter, missing analysts’ consensus estimates of $2.22 by ($0.05). The business had revenue of $5.37 billion during the quarter, compared to the consensus estimate of $5.50 billion. Sherwin-Williams had a return on equity of 73.74% and a net margin of 10.52%. The firm’s revenue for the quarter was down 1.4% on a year-over-year basis. During the same period in the previous year, the business posted $2.04 EPS. As a group, equities analysts forecast that The Sherwin-Williams Company will post 11.43 earnings per share for the current fiscal year.

Sherwin-Williams Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, June 7th. Stockholders of record on Friday, May 17th were issued a dividend of $0.715 per share. This represents a $2.86 dividend on an annualized basis and a dividend yield of 0.95%. The ex-dividend date was Thursday, May 16th. Sherwin-Williams’s payout ratio is presently 30.49%.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently weighed in on the stock. Wolfe Research started coverage on shares of Sherwin-Williams in a research note on Friday, March 1st. They set a “peer perform” rating on the stock. Robert W. Baird lifted their price objective on Sherwin-Williams from $300.00 to $310.00 and gave the company a “neutral” rating in a research report on Wednesday, April 24th. StockNews.com lowered Sherwin-Williams from a “buy” rating to a “hold” rating in a research report on Thursday, April 25th. Citigroup dropped their price target on Sherwin-Williams from $390.00 to $370.00 and set a “buy” rating on the stock in a research report on Thursday, April 25th. Finally, JPMorgan Chase & Co. reduced their price target on Sherwin-Williams from $317.00 to $315.00 and set an “overweight” rating on the stock in a research note on Wednesday, April 24th. One analyst has rated the stock with a sell rating, seven have given a hold rating and twelve have assigned a buy rating to the company. According to data from MarketBeat.com, Sherwin-Williams has an average rating of “Moderate Buy” and a consensus target price of $343.41.

View Our Latest Report on SHW

Sherwin-Williams Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Sherwin-Williams (NYSE:SHW)

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