Calamos Advisors LLC grew its holdings in shares of The Sherwin-Williams Company (NYSE:SHW – Free Report) by 4.1% during the 1st quarter, HoldingsChannel reports. The institutional investor owned 187,949 shares of the specialty chemicals company’s stock after purchasing an additional 7,347 shares during the period. Calamos Advisors LLC’s holdings in Sherwin-Williams were worth $60,247,000 as of its most recent SEC filing.
Several other large investors also recently made changes to their positions in the stock. AMG National Trust Bank lifted its stake in Sherwin-Williams by 0.5% in the first quarter. AMG National Trust Bank now owns 7,327 shares of the specialty chemicals company’s stock valued at $2,349,000 after acquiring an additional 37 shares during the last quarter. Mattern Capital Management LLC boosted its holdings in Sherwin-Williams by 0.7% in the 1st quarter. Mattern Capital Management LLC now owns 29,267 shares of the specialty chemicals company’s stock valued at $9,382,000 after purchasing an additional 201 shares during the period. Bleakley Financial Group LLC boosted its stake in shares of Sherwin-Williams by 1.2% in the first quarter. Bleakley Financial Group LLC now owns 13,932 shares of the specialty chemicals company’s stock valued at $4,466,000 after buying an additional 167 shares during the period. Chicago Partners Investment Group LLC lifted its position in shares of Sherwin-Williams by 3.8% during the 1st quarter. Chicago Partners Investment Group LLC now owns 3,564 shares of the specialty chemicals company’s stock valued at $1,195,000 after acquiring an additional 132 shares during the period. Finally, Parr Mcknight Wealth Management Group LLC acquired a new stake in Sherwin-Williams during the first quarter worth about $1,903,000. Institutional investors and hedge funds own 77.67% of the company’s stock.
Sherwin-Williams Stock Down 1.7%
Shares of NYSE:SHW opened at $328.30 on Tuesday. The Sherwin-Williams Company has a one year low of $289.86 and a one year high of $379.65. The company has a debt-to-equity ratio of 2.10, a current ratio of 0.86 and a quick ratio of 0.53. The company has a market cap of $80.97 billion, a price-to-earnings ratio of 31.51, a PEG ratio of 2.88 and a beta of 1.10. The firm has a fifty day moving average price of $318.58 and a two-hundred day moving average price of $332.33.
Sherwin-Williams Dividend Announcement
The firm also recently announced a quarterly dividend, which was paid on Friday, June 5th. Investors of record on Friday, May 22nd were issued a dividend of $0.80 per share. The ex-dividend date of this dividend was Friday, May 22nd. This represents a $3.20 annualized dividend and a dividend yield of 1.0%. Sherwin-Williams’s dividend payout ratio (DPR) is currently 30.71%.
Analysts Set New Price Targets
SHW has been the topic of a number of research analyst reports. BMO Capital Markets raised their target price on Sherwin-Williams from $355.00 to $400.00 and gave the company an “outperform” rating in a report on Monday, July 6th. JPMorgan Chase & Co. cut their target price on Sherwin-Williams from $385.00 to $365.00 and set an “overweight” rating on the stock in a research report on Wednesday, April 29th. Royal Bank Of Canada reiterated an “outperform” rating and issued a $405.00 target price (up from $391.00) on shares of Sherwin-Williams in a report on Wednesday, July 8th. Mizuho dropped their price target on shares of Sherwin-Williams from $410.00 to $371.00 and set an “outperform” rating on the stock in a research report on Monday, March 23rd. Finally, Wells Fargo & Company cut their price objective on Sherwin-Williams from $365.00 to $350.00 and set an “equal weight” rating on the stock in a research report on Wednesday, April 29th. Eight analysts have rated the stock with a Buy rating and six have given a Hold rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $374.38.
Get Our Latest 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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