Catalina Capital Group LLC Purchases 495 Shares of The Sherwin-Williams Company (NYSE:SHW)

Catalina Capital Group LLC lifted its stake in The Sherwin-Williams Company (NYSE:SHWFree Report) by 76.4% during the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,143 shares of the specialty chemicals company’s stock after purchasing an additional 495 shares during the quarter. Catalina Capital Group LLC’s holdings in Sherwin-Williams were worth $397,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also recently made changes to their positions in the company. AEGON ASSET MANAGEMENT UK Plc bought a new stake in shares of Sherwin-Williams in the 4th quarter worth approximately $38,444,000. AIA Group Ltd boosted its position in shares of Sherwin-Williams by 20.8% in the 4th quarter. AIA Group Ltd now owns 16,312 shares of the specialty chemicals company’s stock worth $5,088,000 after purchasing an additional 2,810 shares in the last quarter. Simplicity Solutions LLC boosted its position in shares of Sherwin-Williams by 182.2% in the 4th quarter. Simplicity Solutions LLC now owns 10,700 shares of the specialty chemicals company’s stock worth $3,337,000 after purchasing an additional 6,909 shares in the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. boosted its position in shares of Sherwin-Williams by 5.7% in the 4th quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 261,178 shares of the specialty chemicals company’s stock worth $77,510,000 after purchasing an additional 13,984 shares in the last quarter. Finally, Waterloo Capital L.P. bought a new stake in shares of Sherwin-Williams in the 4th quarter worth approximately $360,000. 77.67% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of equities analysts recently weighed in on SHW shares. Royal Bank of Canada decreased their price objective on shares of Sherwin-Williams from $380.00 to $370.00 and set an “outperform” rating for the company in a report on Thursday, April 25th. StockNews.com lowered shares of Sherwin-Williams from a “buy” rating to a “hold” rating in a report on Thursday, April 25th. Citigroup decreased their price objective on shares of Sherwin-Williams from $390.00 to $370.00 and set a “buy” rating for the company in a report on Thursday, April 25th. JPMorgan Chase & Co. dropped 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. Finally, Evercore ISI raised their price target on Sherwin-Williams from $360.00 to $365.00 and gave the company an “outperform” rating in a report on Tuesday, May 14th. 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, Sherwin-Williams has an average rating of “Moderate Buy” and a consensus price target of $340.65.

Get Our Latest Report on Sherwin-Williams

Sherwin-Williams Trading Up 2.1 %

SHW traded up $6.39 on Wednesday, hitting $305.30. The company had a trading volume of 1,241,806 shares, compared to its average volume of 1,575,385. The company has a market cap of $77.41 billion, a PE ratio of 32.56, a PEG ratio of 2.41 and a beta of 1.16. The Sherwin-Williams Company has a 12-month low of $232.06 and a 12-month high of $348.37. The company has a quick ratio of 0.46, a current ratio of 0.78 and a debt-to-equity ratio of 2.32. The business’s fifty day simple moving average is $304.03 and its 200 day simple moving average is $312.98.

Sherwin-Williams (NYSE:SHWGet Free Report) last released its quarterly earnings results on Tuesday, April 23rd. The specialty chemicals company reported $2.17 EPS for the quarter, missing the consensus estimate of $2.22 by ($0.05). The company had revenue of $5.37 billion during 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 company’s revenue was down 1.4% on a year-over-year basis. During the same quarter in the prior year, the business posted $2.04 EPS. Equities research analysts expect that The Sherwin-Williams Company will post 11.43 EPS for the current year.

Sherwin-Williams Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, June 7th. Shareholders of record on Friday, May 17th were given a dividend of $0.715 per share. The ex-dividend date was Thursday, May 16th. This represents a $2.86 annualized dividend and a dividend yield of 0.94%. Sherwin-Williams’s dividend payout ratio (DPR) is presently 30.49%.

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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