The Sherwin-Williams Company (NYSE:SHW) Stock Holdings Lowered by Cottonwood Capital Advisors LLC

Cottonwood Capital Advisors LLC reduced its stake in shares of The Sherwin-Williams Company (NYSE:SHW) by 12.1% during the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 588 shares of the specialty chemicals company’s stock after selling 81 shares during the period. Cottonwood Capital Advisors LLC’s holdings in Sherwin-Williams were worth $205,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also modified their holdings of the company. Brighton Jones LLC raised its holdings in Sherwin-Williams by 73.6% during the fourth quarter. Brighton Jones LLC now owns 1,545 shares of the specialty chemicals company’s stock valued at $525,000 after buying an additional 655 shares in the last quarter. Sigma Planning Corp lifted its holdings in Sherwin-Williams by 5.6% in the 4th quarter. Sigma Planning Corp now owns 2,044 shares of the specialty chemicals company’s stock worth $695,000 after purchasing an additional 108 shares during the last quarter. Bank of New York Mellon Corp boosted its position in Sherwin-Williams by 12.2% during the fourth quarter. Bank of New York Mellon Corp now owns 1,724,746 shares of the specialty chemicals company’s stock worth $586,293,000 after purchasing an additional 187,724 shares during the period. FourThought Financial Partners LLC acquired a new position in Sherwin-Williams during the fourth quarter valued at approximately $243,000. Finally, Kirtland Hills Capital Management LLC grew its holdings in Sherwin-Williams by 10.4% during the fourth quarter. Kirtland Hills Capital Management LLC now owns 5,384 shares of the specialty chemicals company’s stock valued at $1,830,000 after purchasing an additional 509 shares during the last quarter. 77.67% of the stock is currently owned by hedge funds and other institutional investors.

Sherwin-Williams Stock Performance

NYSE:SHW opened at $343.70 on Thursday. The stock has a market capitalization of $86.13 billion, a P/E ratio of 32.49, a price-to-earnings-growth ratio of 3.11 and a beta of 1.21. The company has a current ratio of 0.77, a quick ratio of 0.45 and a debt-to-equity ratio of 1.90. The Sherwin-Williams Company has a 1 year low of $292.33 and a 1 year high of $400.42. The firm has a 50 day moving average of $348.78 and a 200-day moving average of $348.87.

Sherwin-Williams (NYSE:SHW) last announced its 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. Sherwin-Williams had a return on equity of 71.86% and a net margin of 11.63%. The company had revenue of $5.31 billion for the quarter, compared to analysts’ expectations of $5.42 billion. During the same quarter in the prior year, the business earned $2.17 earnings per share. The business’s revenue for the quarter was down 1.1% on a year-over-year basis. As a group, sell-side analysts anticipate that The Sherwin-Williams Company will post 12 EPS for the current fiscal year.

Sherwin-Williams Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, June 6th. Stockholders of record on Friday, May 16th were given a dividend of $0.79 per share. The ex-dividend date of this dividend was Friday, May 16th. This represents a $3.16 dividend on an annualized basis and a dividend yield of 0.92%. Sherwin-Williams’s payout ratio is 29.87%.

Analyst Upgrades and Downgrades

Several analysts recently issued reports on the stock. Barclays decreased 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 report on Tuesday, April 1st. Mizuho set a $395.00 price target on Sherwin-Williams in a report on Tuesday, April 15th. Royal Bank Of Canada boosted their target price on shares of Sherwin-Williams from $410.00 to $420.00 and gave the stock an “outperform” rating in a research report on Thursday, May 1st. Jefferies Financial Group reissued a “hold” rating and issued a $380.00 price target (down from $423.00) on shares of Sherwin-Williams in a report on Monday, March 10th. Finally, Morgan Stanley dropped their price objective on shares of Sherwin-Williams from $405.00 to $385.00 and set an “overweight” rating on the stock in a report on Tuesday, April 22nd. One analyst has rated the stock with a sell rating, six have given a hold rating, ten have issued a buy rating and two have issued a strong buy rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $391.31.

Sherwin-Williams Company Profile

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.