UMB Bank n.a. Reduces Stock Position in The Sherwin-Williams Company (NYSE:SHW)

UMB Bank n.a. lowered its stake in The Sherwin-Williams Company (NYSE:SHW) by 0.3% in the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 22,498 shares of the specialty chemicals company’s stock after selling 71 shares during the quarter. UMB Bank n.a.’s holdings in Sherwin-Williams were worth $7,856,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Sivia Capital Partners LLC purchased a new position in Sherwin-Williams during the first quarter worth about $209,000. Perkins Coie Trust Co bought a new stake in Sherwin-Williams during the first quarter worth about $27,000. Stokes Capital Advisors LLC raised its holdings in shares of Sherwin-Williams by 0.3% during the 1st quarter. Stokes Capital Advisors LLC now owns 26,235 shares of the specialty chemicals company’s stock valued at $9,161,000 after buying an additional 88 shares in the last quarter. Stablepoint Partners LLC boosted its stake in Sherwin-Williams by 3.4% in the first quarter. Stablepoint Partners LLC now owns 4,491 shares of the specialty chemicals company’s stock worth $1,568,000 after buying an additional 149 shares in the last quarter. Finally, Generali Investments Management Co LLC lifted its stake in Sherwin-Williams by 9.5% in the first quarter. Generali Investments Management Co LLC now owns 598 shares of the specialty chemicals company’s stock worth $209,000 after purchasing an additional 52 shares during the last quarter. 77.67% of the stock is currently owned by institutional investors.

Sherwin-Williams Stock Performance

SHW opened at $357.65 on Monday. The firm has a market cap of $89.63 billion, a P/E ratio of 33.90, a PEG ratio of 2.98 and a beta of 1.21. The Sherwin-Williams Company has a 1-year low of $290.18 and a 1-year high of $400.42. The company has a 50 day simple moving average of $346.06 and a two-hundred day simple moving average of $352.77. The company has a debt-to-equity ratio of 2.02, a current ratio of 0.79 and a quick ratio of 0.46.

Sherwin-Williams (NYSE:SHW) last announced its quarterly earnings data on Tuesday, April 29th. The specialty chemicals company reported $2.25 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.23 by $0.02. Sherwin-Williams had a net margin of 11.61% and a return on equity of 74.50%. The business had revenue of $5.31 billion during the quarter, compared to analyst estimates of $5.42 billion. During the same period last year, the firm posted $2.17 EPS. The company’s revenue was down 1.1% on a year-over-year basis. Equities analysts forecast that The Sherwin-Williams Company will post 12 earnings per share for the current fiscal year.

Sherwin-Williams Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, June 6th. Shareholders of record on Friday, May 16th were given a dividend of $0.79 per share. The ex-dividend date of this dividend was Friday, May 16th. This represents a $3.16 annualized dividend and a yield of 0.88%. Sherwin-Williams’s dividend payout ratio (DPR) is currently 29.87%.

Analysts Set New Price Targets

Several research firms have recently commented on SHW. Jefferies Financial Group reiterated a “hold” rating and issued a $380.00 price objective (down previously from $423.00) on shares of Sherwin-Williams in a report on Monday, March 10th. Morgan Stanley decreased their price target on Sherwin-Williams from $405.00 to $385.00 and set an “overweight” rating on the stock in a research note on Tuesday, April 22nd. UBS Group dropped their price target on shares of Sherwin-Williams from $430.00 to $400.00 and set a “buy” rating for the company in a research report on Monday, April 7th. Royal Bank of Canada lifted their price objective on Sherwin-Williams from $410.00 to $420.00 and gave the company an “outperform” rating in a research report on Thursday, May 1st. Finally, Mizuho set a $395.00 price target on Sherwin-Williams in a research report on Tuesday, April 15th. Five investment analysts have rated the stock with a hold rating, eleven have given a buy rating and two have assigned a strong buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $397.00.

About Sherwin-Williams

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.