Capital International Investors lowered its stake in shares of The Sherwin-Williams Company (NYSE:SHW – Free Report) by 24.5% during the fourth quarter, HoldingsChannel reports. The fund owned 2,019,742 shares of the specialty chemicals company’s stock after selling 655,557 shares during the quarter. Capital International Investors’ holdings in Sherwin-Williams were worth $654,521,000 as of its most recent filing with the Securities and Exchange Commission.
Other institutional investors and hedge funds have also bought and sold shares of the company. Lloyd Advisory Services LLC. bought a new stake in shares of Sherwin-Williams in the 4th quarter worth approximately $27,000. Ares Financial Consulting LLC bought a new stake in Sherwin-Williams in the 4th quarter valued at $27,000. Lodestone Wealth Management LLC bought a new stake in Sherwin-Williams in the 4th quarter valued at $31,000. Rossby Financial LCC increased its holdings in Sherwin-Williams by 96.0% in the 3rd quarter. Rossby Financial LCC now owns 98 shares of the specialty chemicals company’s stock valued at $33,000 after buying an additional 48 shares during the period. Finally, JPL Wealth Management LLC bought a new stake in Sherwin-Williams in the 3rd quarter valued at $45,000. Institutional investors own 77.67% of the company’s stock.
Sherwin-Williams Stock Down 0.0%
Shares of NYSE SHW opened at $305.21 on Monday. The firm’s 50-day simple moving average is $318.13 and its 200 day simple moving average is $332.83. The company has a market cap of $75.28 billion, a price-to-earnings ratio of 29.29, a price-to-earnings-growth ratio of 2.64 and a beta of 1.12. 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 Sherwin-Williams Company has a 12-month low of $289.86 and a 12-month high of $379.65.
Sherwin-Williams Dividend Announcement
The business also recently declared a quarterly dividend, which was paid on Friday, June 5th. Investors of record on Friday, May 22nd were given a dividend of $0.80 per share. The ex-dividend date was Friday, May 22nd. This represents a $3.20 annualized dividend and a yield of 1.0%. Sherwin-Williams’s dividend payout ratio is 30.71%.
Wall Street Analyst Weigh In
Several brokerages have issued reports on SHW. Bank of America lowered their price target on shares of Sherwin-Williams from $370.00 to $365.00 and set a “neutral” rating on the stock in a report on Tuesday, April 21st. Zacks Research raised shares of Sherwin-Williams from a “strong sell” rating to a “hold” rating in a report on Tuesday, March 31st. Evercore reissued an “outperform” rating on shares of Sherwin-Williams in a report on Friday, May 8th. Royal Bank Of Canada lowered their price target on shares of Sherwin-Williams from $390.00 to $376.00 and set an “outperform” rating on the stock in a report on Thursday, March 19th. Finally, Citigroup assumed coverage on shares of Sherwin-Williams in a report on Thursday. They issued a “buy” rating and a $355.00 price target on the stock. One research analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating and six have given a Hold rating to the company. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $365.67.
Get Our Latest 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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