Versant Capital Management Inc Lowers Stock Holdings in The Sherwin-Williams Company (NYSE:SHW)

Versant Capital Management Inc trimmed its position in shares of The Sherwin-Williams Company (NYSE:SHWFree Report) by 14.5% in the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 926 shares of the specialty chemicals company’s stock after selling 157 shares during the quarter. Versant Capital Management Inc’s holdings in Sherwin-Williams were worth $322,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. First United Bank & Trust purchased a new position in shares of Sherwin-Williams in the 4th quarter valued at about $31,000. Tortoise Investment Management LLC lifted its stake in Sherwin-Williams by 158.5% during the fourth quarter. Tortoise Investment Management LLC now owns 106 shares of the specialty chemicals company’s stock worth $33,000 after purchasing an additional 65 shares during the last quarter. McGlone Suttner Wealth Management Inc. purchased a new stake in Sherwin-Williams during the fourth quarter worth approximately $35,000. Wetzel Investment Advisors Inc. purchased a new stake in Sherwin-Williams during the fourth quarter worth approximately $36,000. Finally, Tompkins Financial Corp lifted its stake in Sherwin-Williams by 1,533.3% during the third quarter. Tompkins Financial Corp now owns 147 shares of the specialty chemicals company’s stock worth $37,000 after purchasing an additional 138 shares during the last quarter. 77.67% of the stock is currently owned by hedge funds and other institutional investors.

Sherwin-Williams Price Performance

SHW traded down $2.66 during trading on Tuesday, reaching $300.19. 1,828,735 shares of the stock were exchanged, compared to its average volume of 1,555,812. The business’s 50 day moving average price is $307.42 and its two-hundred day moving average price is $313.03. The company has a debt-to-equity ratio of 2.32, a current ratio of 0.78 and a quick ratio of 0.46. The company has a market capitalization of $76.11 billion, a price-to-earnings ratio of 32.00, a P/E/G ratio of 2.39 and a beta of 1.17. The Sherwin-Williams Company has a 1 year low of $232.06 and a 1 year high of $348.37.

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 firm had revenue of $5.37 billion for the quarter, compared to analysts’ expectations 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% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $2.04 earnings per share. As a group, equities research analysts anticipate that The Sherwin-Williams Company will post 11.43 earnings per share for the current year.

Sherwin-Williams Announces Dividend

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

Wall Street Analyst Weigh In

Several equities research analysts recently weighed in on the company. BMO Capital Markets decreased their target price on Sherwin-Williams from $377.00 to $360.00 and set an “outperform” rating for the company in a research note on Wednesday, June 12th. Wolfe Research initiated coverage on Sherwin-Williams in a research report on Friday, March 1st. They set a “peer perform” rating on the stock. JPMorgan Chase & Co. cut their price target on Sherwin-Williams from $317.00 to $315.00 and set an “overweight” rating on the stock in a research report on Wednesday, April 24th. Northcoast Research raised Sherwin-Williams from a “neutral” rating to a “buy” rating and set a $360.00 price target on the stock in a research report on Tuesday, February 27th. Finally, UBS Group raised Sherwin-Williams from a “neutral” rating to a “buy” rating and lifted their price target for the stock from $312.00 to $402.00 in a research report on Thursday, March 7th. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating and twelve have given a buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $343.41.

Read Our Latest Stock Report on Sherwin-Williams

Sherwin-Williams Company 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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