Capital International Investors Increases Stock Position in The Sherwin-Williams Company (NYSE:SHW)

Capital International Investors raised its position in The Sherwin-Williams Company (NYSE:SHW) by 10.5% in the first quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 2,302,120 shares of the specialty chemicals company’s stock after buying an additional 219,149 shares during the period. Capital International Investors owned about 0.91% of Sherwin-Williams worth $799,595,000 at the end of the most recent quarter.

Other large investors have also modified their holdings of the company. Capital Group Private Client Services Inc. increased its stake in shares of Sherwin-Williams by 23.1% in the 1st quarter. Capital Group Private Client Services Inc. now owns 58,288 shares of the specialty chemicals company’s stock valued at $20,245,000 after purchasing an additional 10,924 shares in the last quarter. Advisors Asset Management Inc. increased its position in shares of Sherwin-Williams by 8.4% in the first quarter. Advisors Asset Management Inc. now owns 18,707 shares of the specialty chemicals company’s stock valued at $6,498,000 after buying an additional 1,447 shares in the last quarter. EP Wealth Advisors LLC increased its position in shares of Sherwin-Williams by 1.4% in the first quarter. EP Wealth Advisors LLC now owns 3,730 shares of the specialty chemicals company’s stock valued at $1,296,000 after buying an additional 52 shares in the last quarter. Freestone Capital Holdings LLC lifted its position in shares of Sherwin-Williams by 2.6% during the 1st quarter. Freestone Capital Holdings LLC now owns 11,492 shares of the specialty chemicals company’s stock valued at $3,992,000 after buying an additional 295 shares in the last quarter. Finally, CreativeOne Wealth LLC lifted its position in shares of Sherwin-Williams by 14.2% during the 1st quarter. CreativeOne Wealth LLC now owns 9,739 shares of the specialty chemicals company’s stock valued at $3,383,000 after buying an additional 1,214 shares in the last quarter. Institutional investors and hedge funds own 77.67% of the company’s stock.

Sherwin-Williams Trading Up 1.9 %

Sherwin-Williams stock traded up $6.48 during mid-day trading on Friday, hitting $349.22. The company’s stock had a trading volume of 1,918,802 shares, compared to its average volume of 1,622,022. The Sherwin-Williams Company has a 1 year low of $232.06 and a 1 year high of $351.99. The company has a current ratio of 0.81, a quick ratio of 0.46 and a debt-to-equity ratio of 2.17. The firm has a market capitalization of $88.09 billion, a PE ratio of 37.23, a price-to-earnings-growth ratio of 2.79 and a beta of 1.16. The stock’s fifty day moving average is $307.26 and its two-hundred day moving average is $314.74.

Sherwin-Williams (NYSE:SHW) last released its quarterly earnings results on Tuesday, July 23rd. The specialty chemicals company reported $3.70 earnings per share for the quarter, topping analysts’ consensus estimates of $3.51 by $0.19. Sherwin-Williams had a return on equity of 75.58% and a net margin of 10.92%. The business had revenue of $6.27 billion during the quarter, compared to analysts’ expectations of $6.33 billion. During the same period in the prior year, the business posted $3.29 EPS. The company’s revenue was up .5% compared to the same quarter last year. On average, analysts anticipate that The Sherwin-Williams Company will post 11.38 EPS for the current year.

Sherwin-Williams Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, September 6th. Stockholders of record on Friday, August 16th will be issued a $0.715 dividend. The ex-dividend date of this dividend is Friday, August 16th. This represents a $2.86 annualized dividend and a dividend yield of 0.82%. Sherwin-Williams’s dividend payout ratio is currently 30.49%.

Wall Street Analyst Weigh In

A number of research firms have weighed in on SHW. Evercore ISI upped their price objective on shares of Sherwin-Williams from $360.00 to $365.00 and gave the stock an “outperform” rating in a research report on Wednesday. BMO Capital Markets upped their price target on shares of Sherwin-Williams from $360.00 to $386.00 and gave the stock an “outperform” rating in a research report on Wednesday. Redburn Atlantic upgraded Sherwin-Williams to a “strong-buy” rating in a report on Thursday, July 18th. KeyCorp increased their target price on Sherwin-Williams from $400.00 to $410.00 and gave the company an “overweight” rating in a report on Wednesday. Finally, Robert W. Baird raised their target price on Sherwin-Williams from $310.00 to $325.00 and gave the company a “neutral” rating in a research report on Wednesday. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating, thirteen have given a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $355.00.

Sherwin-Williams 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.