Papp L Roy & Associates Has $1.62 Million Stake in Sherwin-Williams Co (SHW)

Papp L Roy & Associates trimmed its holdings in shares of Sherwin-Williams Co (NYSE:SHW) by 11.8% in the first quarter, according to its most recent filing with the SEC. The firm owned 3,750 shares of the specialty chemicals company’s stock after selling 500 shares during the period. Papp L Roy & Associates’ holdings in Sherwin-Williams were worth $1,615,000 as of its most recent filing with the SEC.

Several other large investors have also added to or reduced their stakes in SHW. Investors Research Corp acquired a new stake in shares of Sherwin-Williams during the 1st quarter worth about $25,000. Berman Capital Advisors LLC acquired a new stake in shares of Sherwin-Williams during the 4th quarter worth about $28,000. Penserra Capital Management LLC acquired a new stake in shares of Sherwin-Williams during the 1st quarter worth about $28,000. Karp Capital Management Corp acquired a new stake in shares of Sherwin-Williams during the 4th quarter worth about $33,000. Finally, JNBA Financial Advisors acquired a new stake in shares of Sherwin-Williams during the 4th quarter worth about $35,000. 76.63% of the stock is owned by institutional investors.

In related news, insider Robert F. Lynch sold 6,984 shares of Sherwin-Williams stock in a transaction that occurred on Monday, May 13th. The shares were sold at an average price of $430.54, for a total transaction of $3,006,891.36. Following the transaction, the insider now owns 13,855 shares of the company’s stock, valued at approximately $5,965,131.70. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.50% of the stock is owned by company insiders.

A number of brokerages recently issued reports on SHW. Zacks Investment Research upgraded shares of Sherwin-Williams from a “sell” rating to a “hold” rating in a research report on Tuesday, March 19th. Wells Fargo & Co increased their target price on shares of Sherwin-Williams from $475.00 to $510.00 and gave the stock an “outperform” rating in a research report on Wednesday, April 24th. BMO Capital Markets increased their target price on shares of Sherwin-Williams from $441.00 to $473.00 and gave the stock a “market perform” rating in a research report on Wednesday, April 24th. Barclays increased their target price on shares of Sherwin-Williams from $440.00 to $470.00 and gave the stock an “equal weight” rating in a research report on Wednesday, April 24th. Finally, Wolfe Research cut shares of Sherwin-Williams from an “outperform” rating to a “peer perform” rating in a research report on Thursday, April 25th. One research analyst has rated the stock with a sell rating, nine have assigned a hold rating and fourteen have issued a buy rating to the stock. The stock currently has a consensus rating of “Buy” and a consensus price target of $480.05.

Shares of NYSE SHW traded down $4.49 during mid-day trading on Thursday, hitting $426.95. The company’s stock had a trading volume of 7,139 shares, compared to its average volume of 489,459. The firm has a market capitalization of $39.87 billion, a PE ratio of 22.98, a price-to-earnings-growth ratio of 1.79 and a beta of 1.26. The company has a current ratio of 0.96, a quick ratio of 0.56 and a debt-to-equity ratio of 2.52. Sherwin-Williams Co has a one year low of $355.28 and a one year high of $479.64.

Sherwin-Williams (NYSE:SHW) last released its quarterly earnings data on Tuesday, April 23rd. The specialty chemicals company reported $3.60 earnings per share for the quarter, missing the consensus estimate of $3.63 by ($0.03). Sherwin-Williams had a return on equity of 47.09% and a net margin of 6.27%. The firm had revenue of $4.04 billion for the quarter, compared to the consensus estimate of $4.09 billion. During the same period in the previous year, the business earned $3.57 EPS. The firm’s revenue was up 1.9% compared to the same quarter last year. As a group, equities research analysts anticipate that Sherwin-Williams Co will post 21.01 earnings per share for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, May 31st. Investors of record on Friday, May 17th will be paid a dividend of $1.13 per share. This represents a $4.52 annualized dividend and a yield of 1.06%. The ex-dividend date of this dividend is Thursday, May 16th. Sherwin-Williams’s payout ratio is 24.39%.

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About Sherwin-Williams

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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Institutional Ownership by Quarter for Sherwin-Williams (NYSE:SHW)

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