Gulf International Bank UK Ltd Raises Stake in The Sherwin-Williams Company (NYSE:SHW)

Gulf International Bank UK Ltd boosted its position in The Sherwin-Williams Company (NYSE:SHW) by 5.6% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 21,241 shares of the specialty chemicals company’s stock after buying an additional 1,118 shares during the quarter. Gulf International Bank UK Ltd’s holdings in Sherwin-Williams were worth $7,377,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors have also bought and sold shares of the company. First United Bank & Trust bought a new position in shares of Sherwin-Williams during the fourth quarter valued at approximately $31,000. Tortoise Investment Management LLC grew its stake in shares of Sherwin-Williams by 158.5% in the fourth quarter. Tortoise Investment Management LLC now owns 106 shares of the specialty chemicals company’s stock worth $33,000 after acquiring an additional 65 shares during the last quarter. McGlone Suttner Wealth Management Inc. purchased a new stake in shares of Sherwin-Williams in the fourth quarter worth $35,000. Wetzel Investment Advisors Inc. purchased a new stake in shares of Sherwin-Williams in the fourth quarter worth $36,000. Finally, Rise Advisors LLC grew its stake in shares of Sherwin-Williams by 1,154.5% in the first quarter. Rise Advisors LLC now owns 138 shares of the specialty chemicals company’s stock worth $48,000 after acquiring an additional 127 shares during the last quarter. Hedge funds and other institutional investors own 77.67% of the company’s stock.

Analyst Ratings Changes

A number of research firms have recently commented on SHW. JPMorgan Chase & Co. cut their target price on Sherwin-Williams from $317.00 to $315.00 and set an “overweight” rating on the stock in a research note on Wednesday, April 24th. Citigroup dropped their price objective on Sherwin-Williams from $390.00 to $370.00 and set a “buy” rating on the stock in a research report on Thursday, April 25th. Royal Bank of Canada dropped their price objective on Sherwin-Williams from $380.00 to $370.00 and set an “outperform” rating on the stock in a research report on Thursday, April 25th. Mizuho dropped their price objective on 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 increased their price objective on Sherwin-Williams from $300.00 to $310.00 and gave the company a “neutral” rating in a research report on Wednesday, April 24th. One research analyst has rated the stock with a sell rating, seven have issued a hold rating and twelve have assigned a buy rating to the stock. Based on data from MarketBeat.com, Sherwin-Williams currently has a consensus rating of “Moderate Buy” and a consensus target price of $343.41.

Sherwin-Williams Stock Down 0.0 %

NYSE SHW opened at $301.26 on Friday. The stock’s 50-day moving average price is $306.29 and its 200-day moving average price is $313.20. The company has a quick ratio of 0.46, a current ratio of 0.78 and a debt-to-equity ratio of 2.32. The Sherwin-Williams Company has a 52 week low of $232.06 and a 52 week high of $348.37. The company has a market capitalization of $76.38 billion, a P/E ratio of 32.12, a price-to-earnings-growth ratio of 2.42 and a beta of 1.17.

Sherwin-Williams (NYSE:SHW) last posted its quarterly earnings data 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 during the quarter, compared to the consensus estimate of $5.50 billion. During the same period last year, the business earned $2.04 EPS. The firm’s quarterly revenue was down 1.4% compared to the same quarter last year. On average, equities research analysts predict that The Sherwin-Williams Company will post 11.43 earnings per share for the current year.

Sherwin-Williams Announces Dividend

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

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.