IFM Investors Pty Ltd Has $9.23 Million Position in The Sherwin-Williams Company (NYSE:SHW)

IFM Investors Pty Ltd grew its holdings in The Sherwin-Williams Company (NYSE:SHWGet Rating) by 4.5% during the 2nd quarter, HoldingsChannel reports. The firm owned 41,240 shares of the specialty chemicals company’s stock after acquiring an additional 1,788 shares during the quarter. IFM Investors Pty Ltd’s holdings in Sherwin-Williams were worth $9,234,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors also recently made changes to their positions in the business. JFS Wealth Advisors LLC grew its position in shares of Sherwin-Williams by 20.1% in the first quarter. JFS Wealth Advisors LLC now owns 227 shares of the specialty chemicals company’s stock valued at $57,000 after purchasing an additional 38 shares during the last quarter. American Trust grew its position in Sherwin-Williams by 0.5% during the first quarter. American Trust now owns 7,940 shares of the specialty chemicals company’s stock worth $1,982,000 after buying an additional 39 shares in the last quarter. Cedar Brook Financial Partners LLC grew its position in Sherwin-Williams by 3.7% during the first quarter. Cedar Brook Financial Partners LLC now owns 1,122 shares of the specialty chemicals company’s stock worth $280,000 after buying an additional 40 shares in the last quarter. Rosenberg Matthew Hamilton grew its position in Sherwin-Williams by 10.2% during the first quarter. Rosenberg Matthew Hamilton now owns 431 shares of the specialty chemicals company’s stock worth $108,000 after buying an additional 40 shares in the last quarter. Finally, Leavell Investment Management Inc. grew its position in Sherwin-Williams by 4.3% during the first quarter. Leavell Investment Management Inc. now owns 967 shares of the specialty chemicals company’s stock worth $241,000 after buying an additional 40 shares in the last quarter. 77.48% of the stock is owned by institutional investors and hedge funds.

Sherwin-Williams Price Performance

SHW opened at $208.05 on Friday. The company has a fifty day moving average price of $239.24 and a two-hundred day moving average price of $247.96. The company has a debt-to-equity ratio of 3.86, a quick ratio of 0.53 and a current ratio of 0.87. The Sherwin-Williams Company has a 52 week low of $207.68 and a 52 week high of $354.15. The firm has a market capitalization of $53.92 billion, a PE ratio of 31.29, a P/E/G ratio of 2.06 and a beta of 1.05.

Sherwin-Williams (NYSE:SHWGet Rating) last announced its quarterly earnings results on Wednesday, July 27th. The specialty chemicals company reported $2.41 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.78 by ($0.37). Sherwin-Williams had a net margin of 8.45% and a return on equity of 82.04%. The firm had revenue of $2.87 billion during the quarter, compared to analyst estimates of $6.01 billion. During the same period last year, the firm earned $2.65 EPS. Sherwin-Williams’s quarterly revenue was down 46.6% on a year-over-year basis. As a group, analysts anticipate that The Sherwin-Williams Company will post 8.64 earnings per share for the current year.

Sherwin-Williams Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, September 9th. Stockholders of record on Friday, August 19th were issued a $0.60 dividend. The ex-dividend date of this dividend was Thursday, August 18th. This represents a $2.40 dividend on an annualized basis and a dividend yield of 1.15%. Sherwin-Williams’s payout ratio is 36.09%.

Wall Street Analyst Weigh In

SHW has been the topic of a number of recent research reports. KeyCorp decreased their target price on Sherwin-Williams from $335.00 to $290.00 and set an “overweight” rating on the stock in a research report on Thursday, July 28th. Mizuho cut their price target on shares of Sherwin-Williams from $310.00 to $294.00 and set a “buy” rating for the company in a research note on Thursday, July 14th. Wells Fargo & Company cut their price target on shares of Sherwin-Williams from $285.00 to $270.00 and set an “equal weight” rating for the company in a research note on Monday, July 18th. Bank of America cut shares of Sherwin-Williams from a “buy” rating to a “neutral” rating and cut their price target for the stock from $313.00 to $292.00 in a research note on Wednesday, July 13th. Finally, Evercore ISI cut their price target on shares of Sherwin-Williams to $305.00 in a research note on Thursday, June 9th. One research analyst has rated the stock with a sell rating, nine have issued a hold rating and eight have issued a buy rating to the stock. According to MarketBeat.com, Sherwin-Williams has a consensus rating of “Hold” and a consensus target price of $310.39.

Sherwin-Williams Profile

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The Sherwin-Williams Company develops, manufactures, distributes, and sells paints, coatings, and related products to professional, industrial, commercial, and retail customers. It operates through 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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