First Trust Direct Indexing L.P. Has $2.27 Million Holdings in The Sherwin-Williams Company (NYSE:SHW)

First Trust Direct Indexing L.P. lifted its stake in shares of The Sherwin-Williams Company (NYSE:SHW) by 3.6% in the 1st quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 6,525 shares of the specialty chemicals company’s stock after buying an additional 225 shares during the period. First Trust Direct Indexing L.P.’s holdings in Sherwin-Williams were worth $2,266,000 as of its most recent SEC filing.

Several other institutional investors also recently modified their holdings of SHW. Norges Bank bought a new stake in Sherwin-Williams during the fourth quarter valued at $1,176,356,000. Alphinity Investment Management Pty Ltd acquired a new stake in shares of Sherwin-Williams in the 4th quarter valued at about $432,737,000. Capital World Investors grew its stake in shares of Sherwin-Williams by 38.9% in 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 buying an additional 1,075,351 shares during the period. International Assets Investment Management LLC grew its stake in shares of Sherwin-Williams by 2,853.9% in 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 buying an additional 628,175 shares during the period. Finally, Public Employees Retirement Association of Colorado grew its stake in shares of Sherwin-Williams by 8,986.8% in 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 buying an additional 528,243 shares during the period. 77.67% of the stock is currently owned by institutional investors and hedge funds.

Sherwin-Williams Trading Up 0.9 %

NYSE:SHW opened at $297.22 on Friday. 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 stock has a market capitalization of $75.36 billion, a PE ratio of 31.69, a price-to-earnings-growth ratio of 2.39 and a beta of 1.16. The firm’s 50 day moving average is $304.38 and its 200 day moving average is $313.10. 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 announced its earnings results on Tuesday, April 23rd. The specialty chemicals company reported $2.17 earnings per share (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 analysts’ expectations of $5.50 billion. During the same quarter last year, the firm posted $2.04 earnings per share. The firm’s revenue 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 year.

Sherwin-Williams Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, June 7th. Shareholders of record on Friday, May 17th were given a dividend of $0.715 per share. The ex-dividend date was Thursday, May 16th. This represents a $2.86 annualized dividend and a yield of 0.96%. Sherwin-Williams’s payout ratio is 30.49%.

Analyst Ratings Changes

SHW has been the subject of a number of analyst reports. StockNews.com downgraded Sherwin-Williams from a “buy” rating to a “hold” rating in a research note on Thursday, April 25th. UBS Group upgraded Sherwin-Williams from a “neutral” rating to a “buy” rating and lifted their price target for the company from $312.00 to $402.00 in a research note on Thursday, March 7th. Evercore ISI lifted their price target on Sherwin-Williams from $360.00 to $365.00 and gave the company an “outperform” rating in a research note on Tuesday, May 14th. BMO Capital Markets cut their price target on Sherwin-Williams from $377.00 to $360.00 and set an “outperform” rating for the company in a research note on Wednesday, June 12th. Finally, KeyCorp upgraded Sherwin-Williams from a “sector weight” rating to an “overweight” rating and set a $400.00 price target for the company in a research note on Thursday, April 25th. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating and twelve have issued a buy rating to the company. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $343.41.

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.