O Shaughnessy Asset Management LLC decreased its holdings in shares of The Sherwin-Williams Company (NYSE:SHW – Free Report) by 7.9% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The firm owned 58,232 shares of the specialty chemicals company’s stock after selling 5,025 shares during the period. O Shaughnessy Asset Management LLC’s holdings in Sherwin-Williams were worth $18,869,000 at the end of the most recent quarter.
Several other hedge funds have also made changes to their positions in the business. Vanguard Group Inc. boosted its stake in shares of Sherwin-Williams by 2.7% during the fourth quarter. Vanguard Group Inc. now owns 23,237,824 shares of the specialty chemicals company’s stock worth $7,529,752,000 after buying an additional 600,119 shares during the period. Geode Capital Management LLC boosted its stake in shares of Sherwin-Williams by 0.7% during the fourth quarter. Geode Capital Management LLC now owns 5,231,615 shares of the specialty chemicals company’s stock worth $1,687,498,000 after buying an additional 37,145 shares during the period. Capital Research Global Investors boosted its stake in shares of Sherwin-Williams by 0.3% during the third quarter. Capital Research Global Investors now owns 3,432,977 shares of the specialty chemicals company’s stock worth $1,188,698,000 after buying an additional 11,560 shares during the period. Norges Bank acquired a new stake in shares of Sherwin-Williams during the fourth quarter worth about $1,089,450,000. Finally, JPMorgan Chase & Co. boosted its stake in shares of Sherwin-Williams by 0.4% during the third quarter. JPMorgan Chase & Co. now owns 3,052,021 shares of the specialty chemicals company’s stock worth $1,056,811,000 after buying an additional 12,715 shares during the period. Institutional investors and hedge funds own 77.67% of the company’s stock.
Sherwin-Williams Price Performance
Shares of NYSE:SHW opened at $310.58 on Wednesday. The company has a quick ratio of 0.53, a current ratio of 0.86 and a debt-to-equity ratio of 2.10. The company has a market cap of $76.60 billion, a P/E ratio of 29.81, a PEG ratio of 2.58 and a beta of 1.12. The Sherwin-Williams Company has a 52 week low of $289.86 and a 52 week high of $379.65. The company has a 50-day moving average price of $317.62 and a 200 day moving average price of $332.52.
Sherwin-Williams Announces Dividend
The business also recently announced a quarterly dividend, which was paid on Friday, June 5th. Shareholders of record on Friday, May 22nd were issued a $0.80 dividend. The ex-dividend date of this dividend was Friday, May 22nd. This represents a $3.20 dividend on an annualized basis and a yield of 1.0%. Sherwin-Williams’s dividend payout ratio (DPR) is 30.71%.
Wall Street Analysts Forecast Growth
Several equities research analysts have recently weighed in on SHW shares. Citigroup started coverage on shares of Sherwin-Williams in a research note on Thursday, June 4th. They set a “buy” rating and a $355.00 target price for the company. Evercore reiterated an “outperform” rating on shares of Sherwin-Williams in a research note on Friday, May 8th. Berenberg Bank set a $380.00 target price on shares of Sherwin-Williams in a research note on Monday. Zacks Research upgraded shares of Sherwin-Williams from a “strong sell” rating to a “hold” rating in a research note on Tuesday, March 31st. Finally, Mizuho reduced their price objective on shares of Sherwin-Williams from $410.00 to $371.00 and set an “outperform” rating for the company in a research report on Monday, March 23rd. One investment analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating and six have given a Hold rating to the company. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $366.77.
View Our Latest Stock Analysis on Sherwin-Williams
Sherwin-Williams Company Profile
Sherwin-Williams (NYSE: SHW) is a global manufacturer and distributor of paints, coatings and related products. Founded in 1866 and headquartered in Cleveland, Ohio, the company supplies a broad range of coatings for residential, commercial and industrial applications. Its product offering includes architectural paints and stains, industrial and protective coatings, automotive finishes, and a variety of sundry products such as primers, sealants and specialty treatments used by professionals and consumers.
The company sells through multiple channels, including a large network of company-operated retail paint stores that serve professional contractors and do-it-yourself consumers, as well as through distributors and mass retailers.
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