Putney Financial Group LLC Sells 55 Shares of The Sherwin-Williams Company (NYSE:SHW)

Putney Financial Group LLC decreased its stake in shares of The Sherwin-Williams Company (NYSE:SHW) by 4.7% in the first quarter, Holdings Channel.com reports. The fund owned 1,103 shares of the specialty chemicals company’s stock after selling 55 shares during the period. Putney Financial Group LLC’s holdings in Sherwin-Williams were worth $385,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Voleon Capital Management LP bought a new position in shares of Sherwin-Williams during the fourth quarter worth $2,011,000. Wealthcare Advisory Partners LLC lifted its position in Sherwin-Williams by 18.4% during the first quarter. Wealthcare Advisory Partners LLC now owns 882 shares of the specialty chemicals company’s stock valued at $308,000 after purchasing an additional 137 shares during the last quarter. Horizon Investments LLC lifted its position in Sherwin-Williams by 2.7% during the fourth quarter. Horizon Investments LLC now owns 6,031 shares of the specialty chemicals company’s stock valued at $2,050,000 after purchasing an additional 161 shares during the last quarter. Clark Capital Management Group Inc. lifted its position in Sherwin-Williams by 4.3% during the fourth quarter. Clark Capital Management Group Inc. now owns 1,494 shares of the specialty chemicals company’s stock valued at $508,000 after purchasing an additional 61 shares during the last quarter. Finally, Alphinity Investment Management Pty Ltd lifted its position in Sherwin-Williams by 5.6% during the fourth quarter. Alphinity Investment Management Pty Ltd now owns 2,171,802 shares of the specialty chemicals company’s stock valued at $738,261,000 after purchasing an additional 114,591 shares during the last quarter. Institutional investors own 77.67% of the company’s stock.

Analyst Upgrades and Downgrades

SHW has been the subject of several research reports. Jefferies Financial Group reiterated a “hold” rating and set a $380.00 price objective (down previously from $423.00) on shares of Sherwin-Williams in a research report on Monday, March 10th. Mizuho set a $395.00 price objective on shares of Sherwin-Williams in a research report on Tuesday, April 15th. Barclays lowered their price objective on shares of Sherwin-Williams from $385.00 to $355.00 and set an “equal weight” rating for the company in a research report on Tuesday, April 1st. Royal Bank Of Canada increased their price objective on shares of Sherwin-Williams from $410.00 to $420.00 and gave the company an “outperform” rating in a research report on Thursday, May 1st. Finally, Citigroup lowered shares of Sherwin-Williams from a “buy” rating to a “neutral” rating and lowered their price objective for the company from $405.00 to $385.00 in a research report on Friday, June 13th. Six analysts have rated the stock with a hold rating, ten have given a buy rating and two have issued a strong buy rating to the stock. Based on data from MarketBeat, Sherwin-Williams currently has an average rating of “Moderate Buy” and a consensus price target of $397.67.

Sherwin-Williams Trading Up 0.4%

SHW stock opened at $332.89 on Friday. 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 Sherwin-Williams Company has a 12 month low of $292.27 and a 12 month high of $400.42. The firm’s 50-day moving average is $348.31 and its 200 day moving average is $349.76. The company has a debt-to-equity ratio of 1.90, a current ratio of 0.77 and a quick ratio of 0.45.

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

Sherwin-Williams Announces Dividend

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

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.