Regents Gate Capital LLP lowered its stake in The Sherwin-Williams Company (NYSE:SHW – Free Report) by 51.9% in the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 12,602 shares of the specialty chemicals company’s stock after selling 13,603 shares during the quarter. Regents Gate Capital LLP’s holdings in Sherwin-Williams were worth $4,040,000 as of its most recent filing with the Securities & Exchange Commission.
A number of other hedge funds have also added to or reduced their stakes in SHW. Lloyd Advisory Services LLC. bought a new stake in shares of Sherwin-Williams during the fourth quarter valued at about $27,000. Ares Financial Consulting LLC bought a new position in shares of Sherwin-Williams in the fourth quarter valued at approximately $27,000. Whipplewood Advisors LLC purchased a new position in Sherwin-Williams during the first quarter valued at approximately $28,000. Kemnay Advisory Services Inc. purchased a new position in Sherwin-Williams during the fourth quarter valued at approximately $30,000. Finally, Lodestone Wealth Management LLC bought a new stake in Sherwin-Williams during the 4th quarter worth approximately $31,000. Hedge funds and other institutional investors own 77.67% of the company’s stock.
Sherwin-Williams Trading Down 1.9%
Shares of SHW opened at $331.57 on Friday. The Sherwin-Williams Company has a 1-year low of $289.86 and a 1-year high of $379.65. The company has a market capitalization of $81.78 billion, a P/E ratio of 31.82, a P/E/G ratio of 2.86 and a beta of 1.10. The company has a debt-to-equity ratio of 2.10, a current ratio of 0.86 and a quick ratio of 0.53. The firm’s 50 day simple moving average is $319.72 and its 200 day simple moving average is $332.48.
Sherwin-Williams Announces Dividend
The business also recently announced a quarterly dividend, which was paid on Friday, June 5th. Investors of record on Friday, May 22nd were given a $0.80 dividend. The ex-dividend date was Friday, May 22nd. This represents a $3.20 annualized dividend and a yield of 1.0%. Sherwin-Williams’s payout ratio is 30.71%.
Analyst Upgrades and Downgrades
Several research firms have issued reports on SHW. JPMorgan Chase & Co. lowered their target price on shares of Sherwin-Williams from $385.00 to $365.00 and set an “overweight” rating on the stock in a research note on Wednesday, April 29th. Mizuho reduced their price target on shares of Sherwin-Williams from $410.00 to $371.00 and set an “outperform” rating for the company in a research report on Monday, March 23rd. Royal Bank Of Canada reaffirmed an “outperform” rating and issued a $405.00 price target (up from $391.00) on shares of Sherwin-Williams in a report on Wednesday, July 8th. UBS Group downgraded Sherwin-Williams from a “buy” rating to a “neutral” rating and lowered their price objective for the stock from $385.00 to $330.00 in a research report on Tuesday, June 2nd. Finally, Berenberg Bank set a $380.00 price objective on Sherwin-Williams in a research note on Monday, June 8th. Eight equities research analysts have rated the stock with a Buy rating and six have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $374.38.
View Our Latest Report on Sherwin-Williams
Sherwin-Williams Profile
Sherwin-Williams (NYSE: SHW) is a global manufacturer and distributor of paints, coatings and related products. Founded in 1866 and headquartered in Cleveland, Ohio, the company supplies a broad range of coatings for residential, commercial and industrial applications. Its product offering includes architectural paints and stains, industrial and protective coatings, automotive finishes, and a variety of sundry products such as primers, sealants and specialty treatments used by professionals and consumers.
The company sells through multiple channels, including a large network of company-operated retail paint stores that serve professional contractors and do-it-yourself consumers, as well as through distributors and mass retailers.
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