The Sherwin-Williams Company (NYSE:SHW) Shares Sold by Fmr LLC

Fmr LLC lowered its holdings in The Sherwin-Williams Company (NYSE:SHWGet Rating) by 21.7% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 7,052,261 shares of the specialty chemicals company’s stock after selling 1,955,180 shares during the period. Fmr LLC owned about 2.72% of Sherwin-Williams worth $1,579,072,000 at the end of the most recent reporting period.

Several other hedge funds also recently made changes to their positions in SHW. Waldron Private Wealth LLC grew its stake in shares of Sherwin-Williams by 31.7% in the 1st quarter. Waldron Private Wealth LLC now owns 2,525 shares of the specialty chemicals company’s stock worth $630,000 after purchasing an additional 608 shares during the last quarter. Thoroughbred Financial Services LLC increased its position in shares of Sherwin-Williams by 10.8% in the first quarter. Thoroughbred Financial Services LLC now owns 1,491 shares of the specialty chemicals company’s stock worth $372,000 after acquiring an additional 145 shares in the last quarter. Stephens Inc. AR increased its position in shares of Sherwin-Williams by 26.8% in the first quarter. Stephens Inc. AR now owns 11,105 shares of the specialty chemicals company’s stock worth $2,772,000 after acquiring an additional 2,346 shares in the last quarter. Prospera Financial Services Inc increased its position in shares of Sherwin-Williams by 5.4% in the first quarter. Prospera Financial Services Inc now owns 6,145 shares of the specialty chemicals company’s stock worth $1,530,000 after acquiring an additional 316 shares in the last quarter. Finally, Advisor Group Holdings Inc. increased its position in shares of Sherwin-Williams by 1.5% in the first quarter. Advisor Group Holdings Inc. now owns 152,519 shares of the specialty chemicals company’s stock worth $37,140,000 after acquiring an additional 2,180 shares in the last quarter. Institutional investors and hedge funds own 77.48% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms have recently weighed in on SHW. Bank of America dropped their target price on shares of Sherwin-Williams from $280.00 to $257.00 in a research report on Tuesday, October 11th. StockNews.com raised shares of Sherwin-Williams from a “hold” rating to a “buy” rating in a research report on Wednesday, October 26th. Seaport Res Ptn raised shares of Sherwin-Williams from a “neutral” rating to a “buy” rating in a research report on Thursday, October 13th. Credit Suisse Group lowered their price objective on shares of Sherwin-Williams to $210.00 in a research report on Thursday, October 27th. Finally, Evercore ISI lowered their price objective on shares of Sherwin-Williams to $240.00 in a research report on Thursday, October 20th. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and eleven have given a buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $275.22.

Sherwin-Williams Stock Performance

Shares of Sherwin-Williams stock traded up $6.55 on Thursday, reaching $250.00. The stock had a trading volume of 1,378,829 shares, compared to its average volume of 1,766,849. The business’s 50-day moving average price is $218.83 and its two-hundred day moving average price is $236.76. The company has a debt-to-equity ratio of 3.69, a quick ratio of 0.59 and a current ratio of 1.00. The Sherwin-Williams Company has a fifty-two week low of $195.24 and a fifty-two week high of $354.15. The stock has a market cap of $64.79 billion, a P/E ratio of 33.83, a price-to-earnings-growth ratio of 2.18 and a beta of 1.06.

Sherwin-Williams (NYSE:SHWGet Rating) last issued its quarterly earnings data on Tuesday, October 25th. The specialty chemicals company reported $2.83 earnings per share for the quarter, topping analysts’ consensus estimates of $2.63 by $0.20. Sherwin-Williams had a net margin of 8.94% and a return on equity of 90.50%. The business had revenue of $6.05 billion during the quarter, compared to analysts’ expectations of $5.78 billion. During the same period in the previous year, the company earned $2.09 earnings per share. Sherwin-Williams’s revenue for the quarter was up 17.5% on a year-over-year basis. On average, sell-side analysts forecast that The Sherwin-Williams Company will post 8.71 EPS for the current year.

Sherwin-Williams Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 2nd. Stockholders of record on Friday, November 18th will be paid a $0.60 dividend. This represents a $2.40 dividend on an annualized basis and a dividend yield of 0.96%. The ex-dividend date is Thursday, November 17th. Sherwin-Williams’s payout ratio is 32.48%.

About Sherwin-Williams

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The Sherwin-Williams Company develops, manufactures, distributes, and sells paints, coatings, and related products to professional, industrial, commercial, and retail customers. It operates through three segments: The Americas Group, Consumer Brands Group, and Performance Coatings Group. The Americas Group segment offers architectural paints and coatings, and protective and marine products, as well as OEM product finishes and related products for architectural and industrial paint contractors, and do-it-yourself homeowners.

Further Reading

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

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