Cary Street Partners Investment Advisory LLC Has $576,000 Stock Position in The Sherwin-Williams Company (NYSE:SHW)

Cary Street Partners Investment Advisory LLC lifted its holdings in The Sherwin-Williams Company (NYSE:SHW) by 6.9% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 1,648 shares of the specialty chemicals company’s stock after purchasing an additional 106 shares during the period. Cary Street Partners Investment Advisory LLC’s holdings in Sherwin-Williams were worth $576,000 at the end of the most recent reporting period.

Other large investors have also recently bought and sold shares of the company. GAMMA Investing LLC increased its holdings in shares of Sherwin-Williams by 41,717.1% during the 1st quarter. GAMMA Investing LLC now owns 1,636,304 shares of the specialty chemicals company’s stock valued at $571,381,000 after acquiring an additional 1,632,391 shares during the last quarter. Capital Research Global Investors boosted its position in Sherwin-Williams by 47.1% during the fourth quarter. Capital Research Global Investors now owns 2,998,647 shares of the specialty chemicals company’s stock worth $1,019,329,000 after purchasing an additional 960,724 shares during the period. Barclays PLC grew its holdings in Sherwin-Williams by 54.2% during the fourth quarter. Barclays PLC now owns 2,073,533 shares of the specialty chemicals company’s stock valued at $704,855,000 after purchasing an additional 728,798 shares during the last quarter. Northern Trust Corp raised its position in shares of Sherwin-Williams by 28.0% in the fourth quarter. Northern Trust Corp now owns 2,725,827 shares of the specialty chemicals company’s stock valued at $926,590,000 after purchasing an additional 595,586 shares during the period. Finally, Universal Beteiligungs und Servicegesellschaft mbH acquired a new stake in shares of Sherwin-Williams in the fourth quarter worth $103,359,000. 77.67% of the stock is currently owned by institutional investors.

Sherwin-Williams Price Performance

NYSE:SHW opened at $347.79 on Tuesday. The company has a market capitalization of $86.71 billion, a price-to-earnings ratio of 34.50, a PEG ratio of 3.25 and a beta of 1.16. The company has a 50-day moving average of $346.05 and a 200-day moving average of $348.01. The Sherwin-Williams Company has a 52 week low of $308.84 and a 52 week high of $400.42. The company has a debt-to-equity ratio of 1.78, a quick ratio of 0.48 and a current ratio of 0.78.

Sherwin-Williams (NYSE:SHW) last posted its earnings results on Tuesday, July 22nd. The specialty chemicals company reported $3.38 earnings per share for the quarter, missing the consensus estimate of $3.76 by ($0.38). The firm had revenue of $6.31 billion during the quarter, compared to the consensus estimate of $6.31 billion. Sherwin-Williams had a return on equity of 66.91% and a net margin of 11.03%. The firm’s revenue for the quarter was up .6% compared to the same quarter last year. During the same period in the previous year, the company posted $3.70 EPS. As a group, equities research analysts anticipate that The Sherwin-Williams Company will post 12 earnings per share 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 given a $0.79 dividend. The ex-dividend date is Friday, August 15th. This represents a $3.16 annualized dividend and a yield of 0.9%. Sherwin-Williams’s payout ratio is presently 31.35%.

Analyst Ratings Changes

SHW has been the topic of a number of research analyst reports. 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. JPMorgan Chase & Co. cut their target price on shares of Sherwin-Williams from $390.00 to $378.00 and set an “overweight” rating for the company in a research report on Wednesday, July 23rd. Royal Bank Of Canada raised their price target on Sherwin-Williams from $410.00 to $420.00 and gave the company an “outperform” rating in a research report on Thursday, May 1st. BMO Capital Markets dropped their price objective on Sherwin-Williams from $405.00 to $391.00 and set an “outperform” rating on the stock in a research note on Wednesday, July 23rd. Finally, Morgan Stanley cut their price objective on Sherwin-Williams from $405.00 to $385.00 and set an “overweight” rating for the company in a research report on Tuesday, April 22nd. One investment analyst has rated the stock with a sell rating, six have given a hold rating, ten have assigned a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $383.33.

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.