Baldwin Investment Management LLC Has $512,000 Stock Holdings in The Sherwin-Williams Company (NYSE:SHW)

Baldwin Investment Management LLC decreased its position in shares of The Sherwin-Williams Company (NYSE:SHW) by 16.5% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 1,467 shares of the specialty chemicals company’s stock after selling 290 shares during the period. Baldwin Investment Management LLC’s holdings in Sherwin-Williams were worth $512,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the company. Norden Group LLC grew its stake in Sherwin-Williams by 6.4% in the first quarter. Norden Group LLC now owns 1,137 shares of the specialty chemicals company’s stock valued at $397,000 after purchasing an additional 68 shares in the last quarter. Portland Global Advisors LLC increased its stake in shares of Sherwin-Williams by 3.4% during the 1st quarter. Portland Global Advisors LLC now owns 3,069 shares of the specialty chemicals company’s stock worth $1,072,000 after purchasing an additional 100 shares during the last quarter. Metis Global Partners LLC lifted its stake in shares of Sherwin-Williams by 10.4% in the 1st quarter. Metis Global Partners LLC now owns 31,917 shares of the specialty chemicals company’s stock valued at $11,145,000 after purchasing an additional 3,015 shares during the last quarter. LPL Financial LLC lifted its stake in shares of Sherwin-Williams by 8.7% in the 1st quarter. LPL Financial LLC now owns 217,958 shares of the specialty chemicals company’s stock valued at $75,731,000 after purchasing an additional 17,389 shares during the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank lifted its stake in shares of Sherwin-Williams by 9.3% in the 1st quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 110,203 shares of the specialty chemicals company’s stock valued at $38,482,000 after purchasing an additional 9,396 shares during the last quarter. Hedge funds and other institutional investors own 77.67% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms recently issued reports on SHW. Citigroup reduced their price objective on shares of Sherwin-Williams from $385.00 to $375.00 and set a “neutral” rating for the company in a research note on Wednesday, July 23rd. Wells Fargo & Company reduced their price objective on shares of Sherwin-Williams from $420.00 to $400.00 and set an “overweight” rating for the company in a research note on Wednesday, July 23rd. Loop Capital reduced their price objective on shares of Sherwin-Williams from $395.00 to $380.00 and set a “buy” rating for the company in a research note on Wednesday, July 23rd. Morgan Stanley lowered their target price on shares of Sherwin-Williams from $405.00 to $385.00 and set an “overweight” rating on the stock in a research note on Tuesday, April 22nd. Finally, Bank of America raised their target price on shares of Sherwin-Williams from $289.00 to $296.00 and gave the company an “underperform” rating in a research note on Monday, June 23rd. One research analyst has rated the stock with a sell rating, six have given a hold rating, ten have given a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, Sherwin-Williams currently has an average rating of “Moderate Buy” and a consensus price target of $383.33.

Sherwin-Williams Price Performance

Shares of SHW stock opened at $336.29 on Tuesday. The Sherwin-Williams Company has a 1 year low of $308.84 and a 1 year high of $400.42. The firm’s 50 day moving average is $347.64 and its 200-day moving average is $348.30. The firm has a market capitalization of $84.27 billion, a price-to-earnings ratio of 33.36, a PEG ratio of 3.21 and a beta of 1.18. The company has a current ratio of 0.78, a quick ratio of 0.48 and a debt-to-equity ratio of 1.78.

Sherwin-Williams (NYSE:SHW) last announced its earnings results on Tuesday, July 22nd. The specialty chemicals company reported $3.38 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $3.76 by ($0.38). Sherwin-Williams had a return on equity of 66.91% and a net margin of 11.03%. The company had revenue of $6.31 billion for the quarter, compared to analyst estimates of $6.31 billion. During the same quarter in the previous year, the company posted $3.70 earnings per share. Sherwin-Williams’s revenue for the quarter was up .6% on a year-over-year basis. Sell-side analysts forecast that The Sherwin-Williams Company will post 12 EPS for the current fiscal year.

Sherwin-Williams Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, September 5th. Shareholders of record on Friday, August 15th will be paid a $0.79 dividend. The ex-dividend date is Friday, August 15th. This represents a $3.16 dividend on an annualized basis and a yield of 0.94%. Sherwin-Williams’s payout ratio is presently 31.35%.

Sherwin-Williams 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.