The Sherwin-Williams Company (NYSE:SHW) Shares Bought by Massmutual Trust Co. FSB ADV

Massmutual Trust Co. FSB ADV increased its holdings in The Sherwin-Williams Company (NYSE:SHW) by 7.2% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 1,533 shares of the specialty chemicals company’s stock after acquiring an additional 103 shares during the quarter. Massmutual Trust Co. FSB ADV’s holdings in Sherwin-Williams were worth $532,000 at the end of the most recent quarter.

A number of other large investors have also recently bought and sold shares of SHW. First Hawaiian Bank grew its holdings in shares of Sherwin-Williams by 0.5% during the fourth quarter. First Hawaiian Bank now owns 7,559 shares of the specialty chemicals company’s stock worth $2,358,000 after buying an additional 34 shares during the last quarter. Tsfg LLC increased its holdings in shares of Sherwin-Williams by 4.7% in the fourth 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 raised its stake in shares of Sherwin-Williams by 5.5% during the fourth quarter. Manchester Capital Management LLC now owns 666 shares of the specialty chemicals company’s stock worth $208,000 after purchasing an additional 35 shares during the last quarter. Ellsworth Advisors LLC lifted its holdings in shares of 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 purchasing an additional 36 shares during the period. Finally, Prestige Wealth Management Group LLC grew its position in Sherwin-Williams by 3.5% in the 4th 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 during the last quarter. Institutional investors and hedge funds own 77.67% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts have commented on SHW shares. Northcoast Research upgraded shares of Sherwin-Williams from a “neutral” rating to a “buy” rating and set a $360.00 price objective for the company in a research report on Tuesday, February 27th. StockNews.com cut Sherwin-Williams from a “buy” rating to a “hold” rating in a research report on Thursday, April 25th. Wolfe Research started coverage on Sherwin-Williams in a research note on Friday, March 1st. They issued a “peer perform” rating on the stock. Loop Capital cut their price objective on Sherwin-Williams from $395.00 to $380.00 and set a “buy” rating for the company in a research report on Wednesday, April 24th. Finally, Evercore ISI raised their price objective on shares of Sherwin-Williams from $360.00 to $365.00 and gave the company an “outperform” rating in a research note on Tuesday, May 14th. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating and twelve have given a buy rating to the company. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $343.41.

Sherwin-Williams Price Performance

Shares of NYSE SHW opened at $301.46 on Friday. The business has a 50 day moving average price of $306.63 and a two-hundred day moving average price of $312.86. The Sherwin-Williams Company has a fifty-two week low of $232.06 and a fifty-two week high of $348.37. The firm has a market cap of $76.43 billion, a PE ratio of 32.14, a price-to-earnings-growth ratio of 2.41 and a beta of 1.17. The company has a quick ratio of 0.46, a current ratio of 0.78 and a debt-to-equity ratio of 2.32.

Sherwin-Williams (NYSE:SHW) last issued its quarterly earnings results 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 return on equity of 73.74% and a net margin of 10.52%. The company had revenue of $5.37 billion for the quarter, compared to the consensus estimate of $5.50 billion. During the same period in the previous year, the business posted $2.04 EPS. The business’s revenue for the quarter was down 1.4% on a year-over-year basis. Sell-side analysts expect that The Sherwin-Williams Company will post 11.43 earnings per share for the current fiscal year.

Sherwin-Williams Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, June 7th. Stockholders of record on Friday, May 17th were given a dividend of $0.715 per share. The ex-dividend date of this dividend was Thursday, May 16th. This represents a $2.86 annualized dividend and a dividend yield of 0.95%. Sherwin-Williams’s dividend payout ratio is currently 30.49%.

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.