World Investment Advisors lifted its holdings in The Sherwin-Williams Company (NYSE:SHW – Free Report) by 127.4% during the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 5,545 shares of the specialty chemicals company’s stock after buying an additional 3,107 shares during the quarter. World Investment Advisors’ holdings in Sherwin-Williams were worth $1,797,000 as of its most recent filing with the SEC.
Other hedge funds and other institutional investors have also modified their holdings of the company. CoreCap Advisors LLC raised its stake in Sherwin-Williams by 0.6% during the fourth quarter. CoreCap Advisors LLC now owns 5,102 shares of the specialty chemicals company’s stock worth $1,653,000 after acquiring an additional 29 shares during the period. Sowell Financial Services LLC boosted its stake in Sherwin-Williams by 2.8% in the fourth quarter. Sowell Financial Services LLC now owns 1,057 shares of the specialty chemicals company’s stock valued at $343,000 after acquiring an additional 29 shares during the period. Mather Group LLC. boosted its stake in Sherwin-Williams by 1.4% in the fourth quarter. Mather Group LLC. now owns 2,118 shares of the specialty chemicals company’s stock valued at $686,000 after acquiring an additional 30 shares during the period. Sapient Capital LLC grew its holdings in shares of Sherwin-Williams by 0.3% during the fourth quarter. Sapient Capital LLC now owns 9,176 shares of the specialty chemicals company’s stock valued at $2,993,000 after purchasing an additional 30 shares during the last quarter. Finally, Deseret Mutual Benefit Administrators grew its holdings in shares of Sherwin-Williams by 6.2% during the fourth quarter. Deseret Mutual Benefit Administrators now owns 527 shares of the specialty chemicals company’s stock valued at $171,000 after purchasing an additional 31 shares during the last quarter. 77.67% of the stock is owned by institutional investors and hedge funds.
Sherwin-Williams Stock Performance
SHW opened at $321.38 on Friday. The company has a current ratio of 0.86, a quick ratio of 0.53 and a debt-to-equity ratio of 2.10. The business’s 50 day moving average is $317.09 and its 200-day moving average is $331.32. The stock has a market cap of $79.27 billion, a PE ratio of 30.84, a price-to-earnings-growth ratio of 2.77 and a beta of 1.12. The Sherwin-Williams Company has a twelve month low of $289.86 and a twelve month high of $379.65.
Sherwin-Williams Announces Dividend
The firm also recently declared a quarterly dividend, which was paid on Friday, June 5th. Stockholders of record on Friday, May 22nd were paid a $0.80 dividend. 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 is presently 30.71%.
Analyst Upgrades and Downgrades
Several analysts recently issued reports on SHW shares. Mizuho cut their price target on Sherwin-Williams from $410.00 to $371.00 and set an “outperform” rating on the stock in a report on Monday, March 23rd. Bank of America dropped their target price on Sherwin-Williams from $370.00 to $365.00 and set a “neutral” rating on the stock in a research report on Tuesday, April 21st. UBS Group cut Sherwin-Williams from a “buy” rating to a “neutral” rating and cut their target price for the company from $385.00 to $330.00 in a research note on Tuesday, June 2nd. Citigroup began coverage on shares of Sherwin-Williams in a report on Thursday, June 4th. They set a “buy” rating and a $355.00 price target for the company. Finally, Weiss Ratings lowered shares of Sherwin-Williams from a “hold (c+)” rating to a “hold (c)” rating in a research report on Tuesday, June 2nd. One equities research analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating and six have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, Sherwin-Williams presently has a consensus rating of “Moderate Buy” and an average price target of $366.77.
View Our Latest Stock Analysis on SHW
Sherwin-Williams 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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