Quarry LP Sells 117 Shares of The Sherwin-Williams Company (NYSE:SHW)

Quarry LP lessened its stake in shares of The Sherwin-Williams Company (NYSE:SHW) by 40.6% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 171 shares of the specialty chemicals company’s stock after selling 117 shares during the quarter. Quarry LP’s holdings in Sherwin-Williams were worth $53,000 at the end of the most recent reporting period.

Several other large investors also recently made changes to their positions in the company. First Hawaiian Bank grew its stake in Sherwin-Williams by 0.5% in the fourth quarter. First Hawaiian Bank now owns 7,559 shares of the specialty chemicals company’s stock valued at $2,358,000 after acquiring an additional 34 shares during the period. Tsfg LLC grew its position in Sherwin-Williams by 4.7% in the 4th quarter. Tsfg LLC now owns 754 shares of the specialty chemicals company’s stock valued at $235,000 after purchasing an additional 34 shares during the period. Manchester Capital Management LLC increased its stake in Sherwin-Williams by 5.5% during the 4th quarter. Manchester Capital Management LLC now owns 666 shares of the specialty chemicals company’s stock valued at $208,000 after purchasing an additional 35 shares in the last quarter. Ellsworth Advisors LLC raised its holdings in Sherwin-Williams by 0.9% during the fourth quarter. Ellsworth Advisors LLC now owns 4,108 shares of the specialty chemicals company’s stock worth $1,281,000 after buying an additional 36 shares during the last quarter. Finally, Prestige Wealth Management Group LLC lifted its stake in shares of Sherwin-Williams by 3.5% in the fourth quarter. Prestige Wealth Management Group LLC now owns 1,097 shares of the specialty chemicals company’s stock valued at $342,000 after buying an additional 37 shares in the last quarter. 77.67% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of equities research analysts recently weighed in on SHW shares. Loop Capital lowered their target price 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. Northcoast Research upgraded Sherwin-Williams from a “neutral” rating to a “buy” rating and set a $360.00 target price on the stock in a report on Tuesday, February 27th. BMO Capital Markets decreased their price target on Sherwin-Williams from $377.00 to $360.00 and set an “outperform” rating for the company in a report on Wednesday, June 12th. KeyCorp upgraded Sherwin-Williams from a “sector weight” rating to an “overweight” rating and set a $400.00 price objective on the stock in a research note on Thursday, April 25th. Finally, JPMorgan Chase & Co. reduced their target price on shares of Sherwin-Williams from $317.00 to $315.00 and set an “overweight” rating for the company in a research note on Wednesday, April 24th. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating and twelve have issued a buy rating to the stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $343.41.

Sherwin-Williams Price Performance

SHW stock opened at $296.99 on Monday. The firm has a 50 day moving average of $308.69 and a 200-day moving average of $312.73. 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 firm has a market capitalization of $75.30 billion, a P/E ratio of 31.66, a price-to-earnings-growth ratio of 2.39 and a beta of 1.17. The Sherwin-Williams Company has a 12 month low of $232.06 and a 12 month high of $348.37.

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

Sherwin-Williams Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, June 7th. Stockholders of record on Friday, May 17th were issued a dividend of $0.715 per share. This represents a $2.86 annualized dividend and a dividend yield of 0.96%. The ex-dividend date of this dividend was Thursday, May 16th. Sherwin-Williams’s payout ratio is 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.