Cypress Capital Group cut its holdings in The Sherwin-Williams Company (NYSE:SHW – Free Report) by 29.6% during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 3,965 shares of the specialty chemicals company’s stock after selling 1,671 shares during the quarter. Cypress Capital Group’s holdings in Sherwin-Williams were worth $1,271,000 as of its most recent SEC filing.
Other institutional investors have also recently bought and sold shares of the company. OMERS ADMINISTRATION Corp boosted its position in shares of Sherwin-Williams by 21.8% in the 1st quarter. OMERS ADMINISTRATION Corp now owns 18,360 shares of the specialty chemicals company’s stock worth $5,885,000 after purchasing an additional 3,291 shares during the last quarter. Waverly Advisors LLC grew its stake in shares of Sherwin-Williams by 8.9% during the first quarter. Waverly Advisors LLC now owns 4,746 shares of the specialty chemicals company’s stock worth $1,521,000 after purchasing an additional 388 shares during the period. Entropy Technologies LP increased its holdings in Sherwin-Williams by 7.7% in the first quarter. Entropy Technologies LP now owns 30,118 shares of the specialty chemicals company’s stock valued at $9,654,000 after purchasing an additional 2,165 shares during the last quarter. Boreal Capital Management LLC increased its holdings in Sherwin-Williams by 55.4% in the first quarter. Boreal Capital Management LLC now owns 2,299 shares of the specialty chemicals company’s stock valued at $737,000 after purchasing an additional 820 shares during the last quarter. Finally, Healthcare of Ontario Pension Plan Trust Fund lifted its stake in Sherwin-Williams by 7.5% in the first quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 14,479 shares of the specialty chemicals company’s stock valued at $4,641,000 after buying an additional 1,007 shares during the period. Institutional investors and hedge funds own 77.67% of the company’s stock.
Sherwin-Williams Stock Performance
SHW stock opened at $317.59 on Friday. The business’s 50-day moving average price is $320.72 and its two-hundred day moving average price is $332.22. 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 firm has a market cap of $78.33 billion, a PE ratio of 30.48, a P/E/G ratio of 2.47 and a beta of 1.10. The Sherwin-Williams Company has a 1-year low of $289.86 and a 1-year high of $379.65.
Sherwin-Williams Announces Dividend
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, September 11th. Investors of record on Friday, August 21st will be given a $0.80 dividend. The ex-dividend date is Friday, August 21st. This represents a $3.20 annualized dividend and a dividend yield of 1.0%. Sherwin-Williams’s payout ratio is currently 30.71%.
Wall Street Analysts Forecast Growth
SHW has been the topic of a number of recent analyst reports. Evercore restated an “outperform” rating on shares of Sherwin-Williams in a report on Friday, May 8th. Berenberg Bank set a $380.00 price target on Sherwin-Williams in a research note on Monday, June 8th. Royal Bank Of Canada reiterated an “outperform” rating and issued a $405.00 price target (up from $391.00) on shares of Sherwin-Williams in a research report on Wednesday, July 8th. Citigroup started coverage on shares of Sherwin-Williams in a research note on Wednesday, June 24th. They set an “overweight” rating on the stock. Finally, Wells Fargo & Company decreased their price objective on shares of Sherwin-Williams from $365.00 to $350.00 and set an “equal weight” rating for the company in a report on Wednesday, April 29th. Seven analysts have rated the stock with a Buy rating and six have given a Hold rating to the stock. According to MarketBeat, Sherwin-Williams presently has an average rating of “Moderate Buy” and a consensus target price of $373.92.
Get Our Latest Research Report 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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