Montrusco Bolton Investments Inc. decreased its holdings in The Sherwin-Williams Company (NYSE:SHW – Free Report) by 6.9% during the 1st quarter, according to the company in its most recent disclosure with the SEC. The fund owned 360,931 shares of the specialty chemicals company’s stock after selling 26,748 shares during the quarter. Sherwin-Williams accounts for about 1.7% of Montrusco Bolton Investments Inc.’s investment portfolio, making the stock its 24th largest position. Montrusco Bolton Investments Inc. owned approximately 0.15% of Sherwin-Williams worth $112,988,000 as of its most recent filing with the SEC.
Several other institutional investors also recently modified their holdings of the stock. Ares Financial Consulting LLC acquired a new stake in shares of Sherwin-Williams during the 4th quarter valued at $27,000. Lloyd Advisory Services LLC. acquired a new stake in shares of Sherwin-Williams during the fourth quarter worth $27,000. Kemnay Advisory Services Inc. purchased a new stake in shares of Sherwin-Williams during the fourth quarter valued at $30,000. Lodestone Wealth Management LLC acquired a new position in shares of Sherwin-Williams in the 4th quarter valued at $31,000. Finally, Meeder Asset Management Inc. purchased a new position in Sherwin-Williams in the 4th quarter worth about $33,000. Institutional investors own 77.67% of the company’s stock.
Sherwin-Williams Trading Down 0.2%
Shares of SHW stock opened at $351.72 on Friday. The Sherwin-Williams Company has a 12 month low of $289.86 and a 12 month high of $379.65. The company has a market cap of $86.75 billion, a PE ratio of 33.75, a price-to-earnings-growth ratio of 3.04 and a beta of 1.10. The company has a quick ratio of 0.53, a current ratio of 0.86 and a debt-to-equity ratio of 2.10. The business’s 50 day moving average is $317.77 and its two-hundred day moving average is $331.84.
Sherwin-Williams Dividend Announcement
The firm also recently disclosed a quarterly dividend, which was paid on Friday, June 5th. Stockholders of record on Friday, May 22nd were paid a $0.80 dividend. The ex-dividend date was Friday, May 22nd. This represents a $3.20 dividend on an annualized basis and a dividend yield of 0.9%. Sherwin-Williams’s payout ratio is presently 30.71%.
Wall Street Analyst Weigh In
A number of equities research analysts have recently issued reports on the stock. BMO Capital Markets set a $355.00 price target on shares of Sherwin-Williams and gave the company an “outperform” rating in a report on Wednesday, June 3rd. Evercore reissued an “outperform” rating on shares of Sherwin-Williams in a research note on Friday, May 8th. Mizuho decreased their target price on Sherwin-Williams from $410.00 to $371.00 and set an “outperform” rating for the company in a research report on Monday, March 23rd. JPMorgan Chase & Co. lowered their price target on Sherwin-Williams from $385.00 to $365.00 and set an “overweight” rating on the stock in a report on Wednesday, April 29th. Finally, Berenberg Bank set a $380.00 target price on shares of Sherwin-Williams in a research report on Monday, June 8th. Eight equities research analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $368.69.
Check Out Our Latest Research Report on Sherwin-Williams
Sherwin-Williams Company Profile
Sherwin-Williams (NYSE: SHW) is a global manufacturer and distributor of paints, coatings and related products. Founded in 1866 and headquartered in Cleveland, Ohio, the company supplies a broad range of coatings for residential, commercial and industrial applications. Its product offering includes architectural paints and stains, industrial and protective coatings, automotive finishes, and a variety of sundry products such as primers, sealants and specialty treatments used by professionals and consumers.
The company sells through multiple channels, including a large network of company-operated retail paint stores that serve professional contractors and do-it-yourself consumers, as well as through distributors and mass retailers.
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