Fishman Jay A Ltd. MI Has $4.55 Million Holdings in The Sherwin-Williams Company (NYSE:SHW)

Fishman Jay A Ltd. MI cut its stake in shares of The Sherwin-Williams Company (NYSE:SHW) by 14.6% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 13,025 shares of the specialty chemicals company’s stock after selling 2,222 shares during the quarter. Sherwin-Williams makes up about 0.5% of Fishman Jay A Ltd. MI’s portfolio, making the stock its 29th largest position. Fishman Jay A Ltd. MI’s holdings in Sherwin-Williams were worth $4,548,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also bought and sold shares of the company. Midwest Capital Advisors LLC bought a new position in Sherwin-Williams during the fourth quarter worth $26,000. Perkins Coie Trust Co bought a new position in shares of Sherwin-Williams during the first quarter valued at about $27,000. Park Square Financial Group LLC bought a new position in shares of Sherwin-Williams during the fourth quarter valued at about $27,000. Lee Danner & Bass Inc. bought a new position in shares of Sherwin-Williams during the fourth quarter valued at about $28,000. Finally, WR Wealth Planners LLC lifted its position in shares of Sherwin-Williams by 41.7% during the fourth quarter. WR Wealth Planners LLC now owns 119 shares of the specialty chemicals company’s stock valued at $40,000 after purchasing an additional 35 shares in the last quarter. 77.67% of the stock is owned by institutional investors.

Sherwin-Williams Stock Up 0.4%

NYSE:SHW opened at $332.89 on Friday. The firm’s 50-day moving average price is $348.31 and its 200-day moving average price is $349.76. The company has a market capitalization of $83.42 billion, a PE ratio of 31.46, a P/E/G ratio of 3.01 and a beta of 1.21. The company has a debt-to-equity ratio of 1.90, a current ratio of 0.77 and a quick ratio of 0.45. The Sherwin-Williams Company has a 1-year low of $292.27 and a 1-year high of $400.42.

Sherwin-Williams (NYSE:SHW) last announced its quarterly earnings results on Tuesday, April 29th. The specialty chemicals company reported $2.25 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.23 by $0.02. The company had revenue of $5.31 billion for the quarter, compared to analysts’ expectations of $5.42 billion. Sherwin-Williams had a net margin of 11.63% and a return on equity of 71.86%. Sherwin-Williams’s revenue was down 1.1% compared to the same quarter last year. During the same quarter in the previous year, the business posted $2.17 EPS. On average, equities analysts predict that The Sherwin-Williams Company will post 12 EPS for the current fiscal year.

Sherwin-Williams Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, June 6th. Shareholders of record on Friday, May 16th were paid a dividend of $0.79 per share. This represents a $3.16 annualized dividend and a yield of 0.95%. The ex-dividend date was Friday, May 16th. Sherwin-Williams’s dividend payout ratio is currently 29.87%.

Wall Street Analyst Weigh In

Several research firms have recently weighed in on SHW. Citigroup downgraded shares of Sherwin-Williams from a “buy” rating to a “neutral” rating and reduced their target price for the stock from $405.00 to $385.00 in a research note on Friday, June 13th. Morgan Stanley dropped their target price on shares of Sherwin-Williams from $405.00 to $385.00 and set an “overweight” rating for the company in a research report on Tuesday, April 22nd. Wells Fargo & Company upgraded shares of Sherwin-Williams from an “equal weight” rating to an “overweight” rating and boosted their price objective for the stock from $350.00 to $420.00 in a report on Wednesday, April 30th. Royal Bank Of Canada boosted their price objective on shares of Sherwin-Williams from $410.00 to $420.00 and gave the stock an “outperform” rating in a report on Thursday, May 1st. Finally, UBS Group decreased their target price on shares of Sherwin-Williams from $430.00 to $400.00 and set a “buy” rating on the stock in a research note on Monday, April 7th. Six investment analysts have rated the stock with a hold rating, ten have issued a buy rating and two have issued a strong buy rating to the company. Based on data from MarketBeat.com, Sherwin-Williams has an average rating of “Moderate Buy” and a consensus target price of $397.67.

About Sherwin-Williams

The Sherwin-Williams Company engages in the development, manufacture, distribution, and sale of paints, coating, and related products to professional, industrial, commercial, and retail customers. It operates through three segments: Paint Stores Group, Consumer Brands Group, and Performance Coatings Group.