United Capital Financial Advisers LLC grew its position in Sherwin-Williams Co (NYSE:SHW) by 22.9% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 2,669 shares of the specialty chemicals company’s stock after purchasing an additional 498 shares during the quarter. United Capital Financial Advisers LLC’s holdings in Sherwin-Williams were worth $1,047,000 as of its most recent SEC filing.
Several other institutional investors have also recently bought and sold shares of SHW. Fred Alger Management Inc. grew its position in shares of Sherwin-Williams by 57.3% in the fourth quarter. Fred Alger Management Inc. now owns 640,717 shares of the specialty chemicals company’s stock valued at $262,720,000 after purchasing an additional 233,329 shares during the last quarter. Alliancebernstein L.P. grew its position in shares of Sherwin-Williams by 87.6% in the fourth quarter. Alliancebernstein L.P. now owns 417,913 shares of the specialty chemicals company’s stock valued at $171,361,000 after purchasing an additional 195,137 shares during the last quarter. The Manufacturers Life Insurance Company grew its position in shares of Sherwin-Williams by 57.5% in the first quarter. The Manufacturers Life Insurance Company now owns 303,806 shares of the specialty chemicals company’s stock valued at $119,127,000 after purchasing an additional 110,963 shares during the last quarter. Allianz Asset Management GmbH grew its position in shares of Sherwin-Williams by 277.7% in the fourth quarter. Allianz Asset Management GmbH now owns 61,130 shares of the specialty chemicals company’s stock valued at $25,066,000 after purchasing an additional 95,540 shares during the last quarter. Finally, Carillon Tower Advisers Inc. acquired a new position in shares of Sherwin-Williams in the fourth quarter valued at approximately $30,624,000. 74.59% of the stock is currently owned by institutional investors.
Sherwin-Williams opened at $394.95 on Tuesday, according to MarketBeat.com. 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 Co has a fifty-two week low of $326.68 and a fifty-two week high of $435.15. The firm has a market cap of $37.06 billion, a price-to-earnings ratio of 27.68, a price-to-earnings-growth ratio of 1.78 and a beta of 1.17.
Sherwin-Williams (NYSE:SHW) last released its 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. Sherwin-Williams had a return on equity of 48.06% and a net margin of 11.02%. 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 prior year, the company earned $2.27 earnings per share. The company’s quarterly revenue was up 43.6% on a year-over-year basis. analysts predict that Sherwin-Williams Co will post 18.71 EPS for the current fiscal year.
The firm also recently announced a quarterly dividend, which was paid on Friday, June 1st. Shareholders of record on Friday, May 18th were paid a dividend of $0.86 per share. This represents a $3.44 annualized dividend and a yield of 0.87%. The ex-dividend date was Thursday, May 17th. Sherwin-Williams’s payout ratio is presently 24.11%.
Several research firms have recently commented on SHW. Credit Suisse Group set a $457.00 target price on Sherwin-Williams and gave the company a “buy” rating in a research report on Wednesday, May 23rd. Royal Bank of Canada decreased their target price on Sherwin-Williams to $470.00 and set an “outperform” rating on the stock in a research report on Thursday, April 26th. Zacks Investment Research downgraded Sherwin-Williams from a “buy” rating to a “hold” rating in a research report on Thursday, April 26th. Barclays reduced their price target on Sherwin-Williams from $450.00 to $420.00 and set an “equal weight” rating on the stock in a research report on Wednesday, April 25th. Finally, BMO Capital Markets assumed coverage on Sherwin-Williams in a research report on Tuesday, March 27th. They set a “market perform” rating and a $453.00 price target on the stock. One analyst has rated the stock with a sell rating, nine have assigned a hold rating, fourteen have assigned a buy rating and one has given a strong buy rating to the stock. Sherwin-Williams presently has a consensus rating of “Buy” and an average 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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