Cetera Advisors LLC cut its holdings in Sherwin-Williams (NYSE:SHW) by 2.2% during the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 9,371 shares of the specialty chemicals company’s stock after selling 212 shares during the period. Cetera Advisors LLC’s holdings in Sherwin-Williams were worth $3,677,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors have also bought and sold shares of the company. USA Mutuals Advisors Inc. acquired a new stake in shares of Sherwin-Williams in the fourth quarter valued at approximately $106,000. Prime Capital Investment Advisors LLC raised its holdings in shares of Sherwin-Williams by 129.4% in the first 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 last quarter. BTIM Corp. acquired a new position in Sherwin-Williams during the fourth quarter worth $202,000. Chemung Canal Trust Co. acquired a new position in Sherwin-Williams during the fourth quarter worth $204,000. Finally, S. R. Schill & Associates acquired a new position in Sherwin-Williams during the fourth quarter worth $205,000. Institutional investors own 74.96% of the company’s stock.
A number of equities analysts recently weighed in on SHW shares. Credit Suisse Group restated a “hold” rating and set a $473.00 target price on shares of Sherwin-Williams in a report on Wednesday, January 24th. Citigroup boosted their target price on shares of Sherwin-Williams to $486.00 and gave the stock a “buy” rating in a report on Friday, January 26th. Bank of America boosted their target price on shares of Sherwin-Williams from $435.00 to $470.00 and gave the stock a “buy” rating in a report on Friday, January 26th. Barclays restated a “hold” rating on shares of Sherwin-Williams in a report on Sunday, January 28th. Finally, Royal Bank of Canada restated a “buy” rating on shares of Sherwin-Williams in a report on Sunday, January 28th. One analyst has rated the stock with a sell rating, nine have issued a hold rating, fifteen have given a buy rating and one has assigned a strong buy rating to the company’s stock. Sherwin-Williams presently has an average rating of “Buy” and a consensus target price of $437.90.
In other Sherwin-Williams news, insider Peter J. Ippolito sold 750 shares of Sherwin-Williams stock in a transaction on Wednesday, March 14th. The shares were sold at an average price of $409.26, for a total transaction of $306,945.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 0.78% of the company’s stock.
Sherwin-Williams opened at $390.79 on Tuesday, Marketbeat.com reports. The company has a debt-to-equity ratio of 2.68, a current ratio of 1.13 and a quick ratio of 0.67. Sherwin-Williams has a one year low of $326.68 and a one year high of $435.15. The firm has a market cap of $36.26 billion, a price-to-earnings ratio of 27.39, a P/E/G ratio of 1.73 and a beta of 1.17.
Sherwin-Williams (NYSE:SHW) last released its quarterly earnings data on Tuesday, April 24th. The specialty chemicals company reported $3.57 EPS for the quarter, topping 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 firm had revenue of $3.97 billion during the quarter, compared to analysts’ expectations of $3.94 billion. During the same period in the previous year, the business posted $2.27 earnings per share. The company’s revenue for the quarter was up 43.6% compared to the same quarter last year. sell-side analysts anticipate that Sherwin-Williams will post 18.78 earnings per share for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, June 1st. Shareholders of record on Friday, May 18th will be given a dividend of $0.86 per share. The ex-dividend date is Thursday, May 17th. This represents a $3.44 dividend on an annualized basis and a yield of 0.88%. Sherwin-Williams’s dividend payout ratio (DPR) 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.
Want to see what other hedge funds are holding SHW? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Sherwin-Williams (NYSE:SHW).
Receive News & Ratings for Sherwin-Williams Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Sherwin-Williams and related companies with MarketBeat.com's FREE daily email newsletter.