The Sherwin-Williams Company (NYSE:SHW) Shares Sold by Trust Co. of Oklahoma

Trust Co. of Oklahoma lowered its position in The Sherwin-Williams Company (NYSE:SHW) by 4.6% during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 3,662 shares of the specialty chemicals company’s stock after selling 175 shares during the period. Trust Co. of Oklahoma’s holdings in Sherwin-Williams were worth $1,272,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also modified their holdings of SHW. State of Alaska Department of Revenue grew its holdings in Sherwin-Williams by 0.5% during the 1st quarter. State of Alaska Department of Revenue now owns 25,549 shares of the specialty chemicals company’s stock valued at $8,873,000 after buying an additional 115 shares during the last quarter. Handelsinvest Investeringsforvaltning acquired a new stake in Sherwin-Williams during the 1st quarter valued at $1,000,000. West Oak Capital LLC grew its holdings in Sherwin-Williams by 1.2% during the 1st quarter. West Oak Capital LLC now owns 5,699 shares of the specialty chemicals company’s stock valued at $1,979,000 after buying an additional 65 shares during the last quarter. MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH grew its holdings in Sherwin-Williams by 109.1% during the 1st quarter. MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH now owns 621 shares of the specialty chemicals company’s stock valued at $216,000 after buying an additional 324 shares during the last quarter. Finally, Capital Advisors Ltd. LLC grew its holdings in Sherwin-Williams by 3.4% during the 1st quarter. Capital Advisors Ltd. LLC now owns 1,140 shares of the specialty chemicals company’s stock valued at $396,000 after buying an additional 37 shares during the last quarter. Institutional investors and hedge funds own 77.67% of the company’s stock.

Sherwin-Williams Stock Up 0.8 %

NYSE:SHW traded up $2.45 during mid-day trading on Wednesday, hitting $297.10. The company had a trading volume of 1,007,010 shares, compared to its average volume of 1,583,827. The business has a fifty day simple moving average of $304.66 and a 200-day simple moving average of $313.32. The company has a current ratio of 0.78, a quick ratio of 0.46 and a debt-to-equity ratio of 2.32. The Sherwin-Williams Company has a 1 year low of $232.06 and a 1 year high of $348.37. The firm has a market capitalization of $75.33 billion, a price-to-earnings ratio of 31.69, a PEG ratio of 2.40 and a beta of 1.16.

Sherwin-Williams (NYSE:SHW) last released its quarterly earnings data on Tuesday, April 23rd. The specialty chemicals company reported $2.17 EPS for the quarter, missing the consensus estimate of $2.22 by ($0.05). Sherwin-Williams had a net margin of 10.52% and a return on equity of 73.74%. The company had revenue of $5.37 billion during the quarter, compared to analysts’ expectations of $5.50 billion. During the same period last year, the business earned $2.04 earnings per share. The company’s revenue for the quarter was down 1.4% compared to the same quarter last year. Equities analysts forecast that The Sherwin-Williams Company will post 11.43 earnings per share for the current fiscal year.

Sherwin-Williams Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, June 7th. Shareholders of record on Friday, May 17th were given a $0.715 dividend. This represents a $2.86 annualized dividend and a yield of 0.96%. The ex-dividend date of this dividend was Thursday, May 16th. Sherwin-Williams’s dividend payout ratio (DPR) is presently 30.49%.

Analysts Set New Price Targets

A number of equities research analysts have commented on SHW shares. Evercore ISI increased their target price on Sherwin-Williams from $360.00 to $365.00 and gave the company an “outperform” rating in a report on Tuesday, May 14th. UBS Group upgraded Sherwin-Williams from a “neutral” rating to a “buy” rating and raised their price objective for the stock from $312.00 to $402.00 in a report on Thursday, March 7th. Loop Capital decreased their price objective on Sherwin-Williams from $395.00 to $380.00 and set a “buy” rating on the stock in a report on Wednesday, April 24th. JPMorgan Chase & Co. decreased their price objective on Sherwin-Williams from $317.00 to $315.00 and set an “overweight” rating on the stock in a report on Wednesday, April 24th. Finally, StockNews.com cut Sherwin-Williams from a “buy” rating to a “hold” rating in a report on Thursday, April 25th. One analyst has rated the stock with a sell rating, seven have assigned a hold rating and twelve have issued a buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $343.41.

Sherwin-Williams Company Profile

The Sherwin-Williams Company engages in the development, manufacture, distribution, and sale of paints, coating, and related products to professional, industrial, commercial, and retail customers. It operates through three segments: Paint Stores Group, Consumer Brands Group, and Performance Coatings Group.