Stock Yards Bank & Trust Co. lessened its holdings in The Sherwin-Williams Company (NYSE:SHW – Free Report) by 20.5% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 8,047 shares of the specialty chemicals company’s stock after selling 2,076 shares during the quarter. Stock Yards Bank & Trust Co.’s holdings in Sherwin-Williams were worth $2,579,000 at the end of the most recent reporting period.
A number of other institutional investors and hedge funds have also modified their holdings of the business. Norges Bank acquired a new position in shares of Sherwin-Williams in the 4th quarter valued at $1,089,450,000. Viking Global Investors LP increased its holdings in Sherwin-Williams by 101.4% in the second quarter. Viking Global Investors LP now owns 1,957,750 shares of the specialty chemicals company’s stock valued at $672,213,000 after purchasing an additional 985,520 shares during the last quarter. Balyasny Asset Management L.P. increased its holdings in Sherwin-Williams by 53,827.1% in the fourth quarter. Balyasny Asset Management L.P. now owns 662,225 shares of the specialty chemicals company’s stock valued at $214,581,000 after purchasing an additional 660,997 shares during the last quarter. Vanguard Group Inc. lifted its stake in Sherwin-Williams by 2.7% in the fourth quarter. Vanguard Group Inc. now owns 23,237,824 shares of the specialty chemicals company’s stock valued at $7,529,752,000 after buying an additional 600,119 shares during the period. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its holdings in Sherwin-Williams by 34.0% during the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 2,023,949 shares of the specialty chemicals company’s stock worth $655,820,000 after buying an additional 513,126 shares during the last quarter. 77.67% of the stock is owned by institutional investors.
Sherwin-Williams Trading Up 0.5%
SHW opened at $346.05 on Thursday. The stock has a market capitalization of $85.35 billion, a P/E ratio of 33.21, a P/E/G ratio of 2.97 and a beta of 1.12. 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 Sherwin-Williams Company has a 12 month low of $289.86 and a 12 month high of $379.65. The firm’s fifty day simple moving average is $317.08 and its 200 day simple moving average is $331.54.
Sherwin-Williams Dividend Announcement
The company also recently announced a quarterly dividend, which was paid on Friday, June 5th. Investors of record on Friday, May 22nd were given a $0.80 dividend. This represents a $3.20 dividend on an annualized basis and a yield of 0.9%. The ex-dividend date of this dividend was Friday, May 22nd. Sherwin-Williams’s dividend payout ratio (DPR) is currently 30.71%.
Wall Street Analysts Forecast Growth
A number of research analysts recently issued reports on SHW shares. Zacks Research upgraded shares of Sherwin-Williams from a “strong sell” rating to a “hold” rating in a report on Tuesday, March 31st. JPMorgan Chase & Co. reduced their price target on shares of Sherwin-Williams from $385.00 to $365.00 and set an “overweight” rating on the stock in a research report on Wednesday, April 29th. Bank of America decreased their price target on shares of Sherwin-Williams from $370.00 to $365.00 and set a “neutral” rating for the company in a report on Tuesday, April 21st. Mizuho dropped their price objective on Sherwin-Williams from $410.00 to $371.00 and set an “outperform” rating on the stock in a research note on Monday, March 23rd. Finally, Royal Bank Of Canada decreased their target price on Sherwin-Williams from $390.00 to $376.00 and set an “outperform” rating for the company in a research note on Thursday, March 19th. Eight analysts have rated the stock with a Buy rating and six have given a Hold rating to the company. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $368.69.
View Our Latest Stock Report on Sherwin-Williams
About Sherwin-Williams
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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