Gateway Investment Advisers LLC Lowers Position in The Sherwin-Williams Company (NYSE:SHW)

Gateway Investment Advisers LLC decreased its position in The Sherwin-Williams Company (NYSE:SHW) by 4.8% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 754 shares of the specialty chemicals company’s stock after selling 38 shares during the period. Gateway Investment Advisers LLC’s holdings in Sherwin-Williams were worth $262,000 at the end of the most recent quarter.

A number of other institutional investors have also recently added to or reduced their stakes in the stock. First Hawaiian Bank boosted its holdings in 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 in the last quarter. Tsfg LLC boosted its holdings in Sherwin-Williams by 4.7% during the fourth quarter. Tsfg LLC now owns 754 shares of the specialty chemicals company’s stock worth $235,000 after buying an additional 34 shares in the last quarter. Manchester Capital Management LLC boosted its holdings in 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 buying an additional 35 shares in the last quarter. Tealwood Asset Management Inc. boosted its holdings in Sherwin-Williams by 0.7% during the first quarter. Tealwood Asset Management Inc. now owns 4,913 shares of the specialty chemicals company’s stock worth $1,706,000 after buying an additional 35 shares in the last quarter. Finally, Ellsworth Advisors LLC boosted 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 in the last quarter. Hedge funds and other institutional investors own 77.67% of the company’s stock.

Analyst Ratings Changes

Several brokerages have issued reports on SHW. KeyCorp raised shares of Sherwin-Williams from a “sector weight” rating to an “overweight” rating and set a $400.00 price target on the stock in a report on Thursday, April 25th. JPMorgan Chase & Co. reduced their price target on shares of Sherwin-Williams from $317.00 to $315.00 and set an “overweight” rating on the stock in a report on Wednesday, April 24th. StockNews.com downgraded shares of Sherwin-Williams from a “buy” rating to a “hold” rating in a report on Thursday, April 25th. UBS Group raised shares of Sherwin-Williams from a “neutral” rating to a “buy” rating and upped their price target for the company from $312.00 to $402.00 in a report on Thursday, March 7th. Finally, Loop Capital reduced 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. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating and twelve have assigned a buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $343.41.

Sherwin-Williams Stock Up 0.8 %

Shares of NYSE:SHW opened at $296.95 on Thursday. The stock has a market capitalization of $75.29 billion, a price-to-earnings ratio of 31.66, a price-to-earnings-growth ratio of 2.37 and a beta of 1.17. The Sherwin-Williams Company has a 1-year low of $232.06 and a 1-year high of $348.37. The company’s fifty day moving average is $305.75 and its two-hundred day moving average is $313.49. The company has a debt-to-equity ratio of 2.32, a quick ratio of 0.46 and a current ratio of 0.78.

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

Sherwin-Williams Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, June 7th. Investors of record on Friday, May 17th were issued a $0.715 dividend. The ex-dividend date was Thursday, May 16th. This represents a $2.86 dividend on an annualized basis and a dividend yield of 0.96%. Sherwin-Williams’s dividend payout ratio (DPR) is presently 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.