Concurrent Investment Advisors LLC Has $3.57 Million Stock Holdings in The Sherwin-Williams Company (NYSE:SHW)

Concurrent Investment Advisors LLC increased its position in The Sherwin-Williams Company (NYSE:SHW) by 36.0% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 10,278 shares of the specialty chemicals company’s stock after purchasing an additional 2,723 shares during the quarter. Concurrent Investment Advisors LLC’s holdings in Sherwin-Williams were worth $3,570,000 as of its most recent SEC filing.

Several other hedge funds also recently modified their holdings of the business. AEGON ASSET MANAGEMENT UK Plc bought a new position in Sherwin-Williams in the fourth quarter valued at approximately $38,444,000. AIA Group Ltd raised its stake in shares of Sherwin-Williams by 20.8% in the 4th quarter. AIA Group Ltd now owns 16,312 shares of the specialty chemicals company’s stock valued at $5,088,000 after purchasing an additional 2,810 shares during the period. Simplicity Solutions LLC boosted its position in Sherwin-Williams by 182.2% during the 4th quarter. Simplicity Solutions LLC now owns 10,700 shares of the specialty chemicals company’s stock worth $3,337,000 after acquiring an additional 6,909 shares during the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. raised its holdings in shares of Sherwin-Williams by 5.7% in the fourth quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 261,178 shares of the specialty chemicals company’s stock valued at $77,510,000 after purchasing an additional 13,984 shares during the last quarter. Finally, Waterloo Capital L.P. acquired a new position in Sherwin-Williams during the fourth quarter worth $360,000. Institutional investors own 77.67% of the company’s stock.

Sherwin-Williams Trading Down 0.2 %

Shares of NYSE SHW traded down $0.51 during midday trading on Monday, reaching $317.86. The stock had a trading volume of 746,173 shares, compared to its average volume of 1,568,803. The Sherwin-Williams Company has a twelve month low of $232.06 and a twelve month high of $348.37. The company’s 50 day moving average price is $304.41 and its 200 day moving average price is $312.98. The firm has a market cap of $80.59 billion, a price-to-earnings ratio of 34.11, a price-to-earnings-growth ratio of 2.66 and a beta of 1.16. The company has a debt-to-equity ratio of 2.32, a quick ratio of 0.46 and a current ratio of 0.78.

Sherwin-Williams (NYSE:SHW) last issued its earnings results on Tuesday, April 23rd. The specialty chemicals company reported $2.17 earnings per share for the quarter, missing analysts’ consensus estimates of $2.22 by ($0.05). The business had revenue of $5.37 billion during the quarter, compared to the consensus estimate of $5.50 billion. Sherwin-Williams had a return on equity of 73.74% and a net margin of 10.52%. The company’s revenue for the quarter was down 1.4% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $2.04 earnings per share. As a group, sell-side analysts expect that The Sherwin-Williams Company will post 11.42 EPS for the current year.

Sherwin-Williams Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, June 7th. Investors of record on Friday, May 17th were paid a dividend of $0.715 per share. This represents a $2.86 dividend on an annualized basis and a yield of 0.90%. The ex-dividend date was Thursday, May 16th. Sherwin-Williams’s dividend payout ratio (DPR) is currently 30.49%.

Analysts Set New Price Targets

Several research analysts recently commented on SHW shares. Evercore ISI increased their price target on Sherwin-Williams from $360.00 to $365.00 and gave the company an “outperform” rating in a research report on Tuesday, May 14th. UBS Group cut their price objective on shares of Sherwin-Williams from $385.00 to $355.00 and set a “buy” rating for the company in a report on Tuesday, July 9th. Royal Bank of Canada reduced their target price on Sherwin-Williams from $380.00 to $370.00 and set an “outperform” rating on the stock in a report on Thursday, April 25th. JPMorgan Chase & Co. decreased their price objective on shares of Sherwin-Williams from $317.00 to $315.00 and set an “overweight” rating on the stock in a research note on Wednesday, April 24th. Finally, KeyCorp upgraded Sherwin-Williams from a “sector weight” rating to an “overweight” rating and set a $400.00 target price on the stock in a research report on Thursday, April 25th. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating and twelve have issued a buy rating to the company. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $340.65.

About Sherwin-Williams

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.