BB&T Corp raised its position in shares of Sherwin-Williams Co (NYSE:SHW) by 4.5% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 5,179 shares of the specialty chemicals company’s stock after acquiring an additional 224 shares during the quarter. BB&T Corp’s holdings in Sherwin-Williams were worth $2,231,000 as of its most recent SEC filing.
Several other institutional investors have also recently made changes to their positions in SHW. Norges Bank acquired a new position in shares of Sherwin-Williams during the fourth quarter valued at approximately $297,669,000. American Century Companies Inc. raised its holdings in shares of Sherwin-Williams by 49.8% during the fourth quarter. American Century Companies Inc. now owns 683,947 shares of the specialty chemicals company’s stock valued at $269,106,000 after acquiring an additional 227,363 shares during the last quarter. Marsico Capital Management LLC raised its holdings in shares of Sherwin-Williams by 129.9% during the fourth quarter. Marsico Capital Management LLC now owns 374,029 shares of the specialty chemicals company’s stock valued at $147,165,000 after acquiring an additional 211,318 shares during the last quarter. Millennium Management LLC raised its holdings in shares of Sherwin-Williams by 76.4% during the fourth quarter. Millennium Management LLC now owns 476,111 shares of the specialty chemicals company’s stock valued at $187,331,000 after acquiring an additional 206,266 shares during the last quarter. Finally, Marshall Wace North America L.P. acquired a new position in shares of Sherwin-Williams during the third quarter valued at approximately $77,927,000. 77.67% of the stock is owned by institutional investors and hedge funds.
A number of equities analysts have commented on SHW shares. Citigroup raised Sherwin-Williams from a “neutral” rating to a “buy” rating in a report on Friday, January 4th. Wells Fargo & Co raised Sherwin-Williams from a “market perform” rating to an “outperform” rating and set a $475.00 target price for the company in a report on Monday, January 14th. KeyCorp dropped their price target on Sherwin-Williams from $500.00 to $450.00 and set an “overweight” rating for the company in a research report on Wednesday, January 16th. Deutsche Bank dropped their price target on Sherwin-Williams from $465.00 to $445.00 and set a “buy” rating for the company in a research report on Wednesday, January 16th. Finally, UBS Group set a $405.00 price target on Sherwin-Williams and gave the company a “hold” rating in a research report on Wednesday, January 16th. One equities research analyst has rated the stock with a sell rating, nine have given a hold rating and fourteen have given a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and an average price target of $480.05.
SHW stock opened at $456.67 on Friday. The company has a quick ratio of 0.59, a current ratio of 0.96 and a debt-to-equity ratio of 2.51. The company has a market capitalization of $42.32 billion, a PE ratio of 24.64, a P/E/G ratio of 1.79 and a beta of 1.26. Sherwin-Williams Co has a 1 year low of $355.28 and a 1 year high of $479.64.
Sherwin-Williams (NYSE:SHW) last posted its quarterly earnings results on Tuesday, April 23rd. The specialty chemicals company reported $3.60 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $3.63 by ($0.03). The company had revenue of $4.04 billion during the quarter, compared to analysts’ expectations of $4.09 billion. Sherwin-Williams had a net margin of 6.27% and a return on equity of 47.07%. Sherwin-Williams’s revenue for the quarter was up 1.9% on a year-over-year basis. During the same quarter last year, the company earned $3.57 earnings per share. Equities research analysts predict that Sherwin-Williams Co will post 20.98 EPS for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, May 31st. Investors of record on Friday, May 17th will be given a $1.13 dividend. The ex-dividend date is Thursday, May 16th. This represents a $4.52 annualized dividend and a yield of 0.99%. Sherwin-Williams’s payout ratio is 24.39%.
The Sherwin-Williams Company develops, manufactures, distributes, and sells paints, coatings, and related products to professional, industrial, commercial, and retail customers. It operates in three segments: The Americas Group, Consumer Brands Group, and Performance Coatings Group. The Americas Group segment offers architectural paints and coatings, and protective and marine products, as well as OEM product finishes and related products for architectural and industrial paint contractors and do-it-yourself homeowners.
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