SEB Asset Management AB acquired a new position in The Sherwin-Williams Company (NYSE:SHW – Free Report) in the 1st quarter, Holdings Channel reports. The institutional investor acquired 52,419 shares of the specialty chemicals company’s stock, valued at approximately $16,803,000.
A number of other hedge funds also recently bought and sold shares of SHW. Lloyd Advisory Services LLC. bought a new position in shares of Sherwin-Williams in the 4th quarter worth approximately $27,000. Ares Financial Consulting LLC purchased a new position in shares of Sherwin-Williams in the fourth quarter worth approximately $27,000. Whipplewood Advisors LLC bought a new stake in Sherwin-Williams during the first quarter valued at approximately $28,000. Kemnay Advisory Services Inc. bought a new stake in Sherwin-Williams during the fourth quarter valued at approximately $30,000. Finally, Lodestone Wealth Management LLC purchased a new stake in Sherwin-Williams during the fourth quarter valued at approximately $31,000. Hedge funds and other institutional investors own 77.67% of the company’s stock.
Sherwin-Williams Trading Down 2.2%
Sherwin-Williams stock opened at $323.98 on Tuesday. The Sherwin-Williams Company has a 1 year low of $289.86 and a 1 year high of $379.65. The firm’s 50 day moving average price is $319.95 and its 200-day moving average price is $332.52. 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 stock has a market cap of $79.91 billion, a P/E ratio of 31.09, a PEG ratio of 2.86 and a beta of 1.10.
Sherwin-Williams Announces Dividend
The business also recently disclosed a quarterly dividend, which was paid on Friday, June 5th. Shareholders of record on Friday, May 22nd were issued a dividend of $0.80 per share. This represents a $3.20 annualized dividend and a dividend yield of 1.0%. The ex-dividend date of this dividend was Friday, May 22nd. Sherwin-Williams’s dividend payout ratio is 30.71%.
Analyst Upgrades and Downgrades
SHW has been the topic of several recent research reports. Bank of America decreased their price target on shares of Sherwin-Williams from $370.00 to $365.00 and set a “neutral” rating on the stock in a research report on Tuesday, April 21st. Evercore reissued an “outperform” rating on shares of Sherwin-Williams in a research report on Friday, May 8th. Wells Fargo & Company reduced their price objective on Sherwin-Williams from $365.00 to $350.00 and set an “equal weight” rating for the company in a research note on Wednesday, April 29th. JPMorgan Chase & Co. decreased their target price on Sherwin-Williams from $385.00 to $365.00 and set an “overweight” rating on the stock in a report on Wednesday, April 29th. Finally, Royal Bank Of Canada reiterated an “outperform” rating and set a $405.00 target price (up from $391.00) on shares of Sherwin-Williams in a research report on Wednesday, July 8th. Eight investment analysts have rated the stock with a Buy rating and six have issued a Hold rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $374.38.
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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