Axxcess Wealth Management LLC Sells 628 Shares of The Sherwin-Williams Company (NYSE:SHW)

Axxcess Wealth Management LLC trimmed its holdings in shares of The Sherwin-Williams Company (NYSE:SHW) by 41.7% during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 879 shares of the specialty chemicals company’s stock after selling 628 shares during the quarter. Axxcess Wealth Management LLC’s holdings in Sherwin-Williams were worth $305,000 as of its most recent filing with the SEC.

A number of other hedge funds have also bought and sold shares of SHW. Norges Bank bought a new position in Sherwin-Williams in the 4th quarter valued at about $1,176,356,000. Alphinity Investment Management Pty Ltd bought a new position in Sherwin-Williams in the 4th quarter valued at about $432,737,000. Capital World Investors grew its holdings in shares of Sherwin-Williams by 38.9% during the 4th quarter. Capital World Investors now owns 3,840,789 shares of the specialty chemicals company’s stock valued at $1,197,952,000 after purchasing an additional 1,075,351 shares during the last quarter. International Assets Investment Management LLC grew its holdings in shares of Sherwin-Williams by 2,853.9% during the 4th quarter. International Assets Investment Management LLC now owns 650,186 shares of the specialty chemicals company’s stock valued at $202,793,000 after purchasing an additional 628,175 shares during the last quarter. Finally, Public Employees Retirement Association of Colorado grew its holdings in shares of Sherwin-Williams by 8,986.8% during the 4th quarter. Public Employees Retirement Association of Colorado now owns 534,121 shares of the specialty chemicals company’s stock valued at $166,592,000 after purchasing an additional 528,243 shares during the last quarter. 77.67% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several equities research analysts recently issued reports on SHW shares. KeyCorp lifted their price target on shares of Sherwin-Williams from $400.00 to $410.00 and gave the company an “overweight” rating in a report on Wednesday. Evercore ISI lifted their price target on shares of Sherwin-Williams from $360.00 to $365.00 and gave the company an “outperform” rating in a report on Wednesday. Loop Capital decreased their price target on shares of Sherwin-Williams from $395.00 to $380.00 and set a “buy” rating on the stock in a report on Wednesday, April 24th. Mizuho cut their target price on shares of Sherwin-Williams from $340.00 to $334.00 and set a “buy” rating on the stock in a research report on Wednesday, April 24th. Finally, Robert W. Baird lifted their target price on shares of Sherwin-Williams from $310.00 to $325.00 and gave the stock a “neutral” rating in a research report on Wednesday. One research analyst has rated the stock with a sell rating, seven have issued a hold rating, thirteen have issued a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $355.00.

Sherwin-Williams Stock Performance

NYSE:SHW opened at $349.22 on Friday. The company has a fifty day moving average of $307.26 and a 200-day moving average of $314.86. The firm has a market capitalization of $88.54 billion, a P/E ratio of 37.23, a P/E/G ratio of 2.75 and a beta of 1.16. The company has a quick ratio of 0.46, a current ratio of 0.81 and a debt-to-equity ratio of 2.17. The Sherwin-Williams Company has a twelve month low of $232.06 and a twelve month high of $351.99.

Sherwin-Williams (NYSE:SHW) last released its quarterly earnings data on Tuesday, July 23rd. The specialty chemicals company reported $3.70 earnings per share for the quarter, beating the consensus estimate of $3.51 by $0.19. The company had revenue of $6.27 billion during the quarter, compared to analyst estimates of $6.33 billion. Sherwin-Williams had a net margin of 10.92% and a return on equity of 75.58%. Sherwin-Williams’s revenue for the quarter was up .5% compared to the same quarter last year. During the same quarter in the previous year, the business posted $3.29 EPS. As a group, sell-side analysts anticipate that The Sherwin-Williams Company will post 11.44 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 paid 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%.

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.