Sherwin-Williams Co (SHW) Shares Sold by Parametric Portfolio Associates LLC

Parametric Portfolio Associates LLC trimmed its holdings in shares of Sherwin-Williams Co (NYSE:SHW) by 4.3% in the 1st quarter, HoldingsChannel.com reports. The institutional investor owned 390,561 shares of the specialty chemicals company’s stock after selling 17,627 shares during the period. Parametric Portfolio Associates LLC’s holdings in Sherwin-Williams were worth $168,219,000 at the end of the most recent reporting period.

Several other hedge funds have also made changes to their positions in the company. Vanguard Group Inc raised its holdings in Sherwin-Williams by 0.9% in the third quarter. Vanguard Group Inc now owns 7,104,385 shares of the specialty chemicals company’s stock worth $3,233,988,000 after purchasing an additional 62,550 shares in the last quarter. Steward Partners Investment Advisory LLC raised its holdings in Sherwin-Williams by 274.6% in the fourth quarter. Steward Partners Investment Advisory LLC now owns 1,075 shares of the specialty chemicals company’s stock worth $423,000 after purchasing an additional 788 shares in the last quarter. Bank of Montreal Can raised its holdings in Sherwin-Williams by 166.3% in the fourth quarter. Bank of Montreal Can now owns 200,323 shares of the specialty chemicals company’s stock worth $78,820,000 after purchasing an additional 125,112 shares in the last quarter. BB&T Corp raised its holdings in Sherwin-Williams by 3.8% in the fourth quarter. BB&T Corp now owns 4,955 shares of the specialty chemicals company’s stock worth $1,950,000 after purchasing an additional 182 shares in the last quarter. Finally, IFP Advisors Inc raised its holdings in Sherwin-Williams by 79.3% in the fourth quarter. IFP Advisors Inc now owns 2,788 shares of the specialty chemicals company’s stock worth $1,086,000 after purchasing an additional 1,233 shares in the last quarter. 76.63% of the stock is owned by institutional investors and hedge funds.

Sherwin-Williams stock opened at $432.26 on Friday. The company has a debt-to-equity ratio of 2.52, a quick ratio of 0.56 and a current ratio of 0.96. Sherwin-Williams Co has a 12 month low of $355.28 and a 12 month high of $479.64. The company has a market capitalization of $39.87 billion, a price-to-earnings ratio of 23.33, a P/E/G ratio of 1.79 and a beta of 1.26.

Sherwin-Williams (NYSE:SHW) last released its quarterly earnings data on Tuesday, April 23rd. The specialty chemicals company reported $3.60 EPS for the quarter, missing the Thomson Reuters’ 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 company had revenue of $4.04 billion during the quarter, compared to analysts’ expectations of $4.09 billion. During the same quarter in the prior year, the company posted $3.57 EPS. The company’s revenue for the quarter was up 1.9% on a year-over-year basis. Sell-side analysts expect that Sherwin-Williams Co will post 21.01 earnings per share for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, May 31st. Shareholders 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 1.05%. Sherwin-Williams’s dividend payout ratio is presently 24.39%.

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

In other Sherwin-Williams news, Director Jeff M. Fettig bought 500 shares of Sherwin-Williams stock in a transaction dated Wednesday, May 22nd. The stock was acquired at an average cost of $432.07 per share, with a total value of $216,035.00. The acquisition was disclosed in a filing with the SEC, which is available through the SEC website. Also, insider Robert F. Lynch sold 6,984 shares of the company’s stock in a transaction that occurred on Monday, May 13th. The stock was sold at an average price of $430.54, for a total value of $3,006,891.36. Following the transaction, the insider now directly owns 13,855 shares of the company’s stock, valued at $5,965,131.70. The disclosure for this sale can be found here. Corporate insiders own 0.50% of the company’s stock.

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Sherwin-Williams Profile

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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