The Sherwin-Williams Company (NYSE:SHW) stock position reduced by AE Wealth Management LLC
AE Wealth Management LLC reduced its stake in The Sherwin-Williams Company (NYSE: SHW – Get a rating) by 1.2% in the first quarter, according to its latest filing with the Securities & Exchange Commission. The institutional investor owned 19,689 shares of the specialty chemicals company after selling 249 shares during the period. AE Wealth Management LLC’s holdings in Sherwin-Williams were worth $4,915,000 at the end of the last quarter.
Other institutional investors and hedge funds have also recently changed their positions in the company. MAI Capital Management increased its position in Sherwin-Williams by 34.7% in the fourth quarter. MAI Capital Management now owns 222,569 shares of the specialty chemicals company valued at $78,380,000 after buying an additional 57,320 shares last quarter. Wealthfront Advisers LLC increased its position in Sherwin-Williams by 16.6% in the fourth quarter. Wealthfront Advisers LLC now owns 11,465 shares of the specialty chemicals company valued at $4,038,000 after buying an additional 1,630 shares last quarter. Baker Tilly Wealth Management LLC increased its position in Sherwin-Williams by 10.6% in the fourth quarter. Baker Tilly Wealth Management LLC now owns 942 shares of the specialty chemicals company valued at $332,000 after buying 90 additional shares last quarter. Great Lakes Advisors LLC increased its position in Sherwin-Williams by 9.1% in the fourth quarter. Great Lakes Advisors LLC now owns 1,741 shares of the specialty chemicals company valued at $613,000 after buying an additional 145 shares last quarter. Finally, Cornerstone Advisory LLC acquired a new stake in Sherwin-Williams in Q4 valued at approximately $44,000. Hedge funds and other institutional investors own 77.35% of the company’s shares.
Separately, insider Justin T. Binns sold 1,542 shares in a trade that took place on Monday, May 23. The stock was sold at an average price of $259.99, for a total value of $400,904.58. Following the transaction, the insider now owns 6,877 shares of the company, valued at $1,787,951.23. The transaction was disclosed in a filing with the Securities & Exchange Commission, available at this link. Company insiders hold 0.48% of the company’s shares.
NYSE SHW opened at $235.23 on Friday. The company has a 50-day simple moving average of $256.02 and a 200-day simple moving average of $273.50. The company has a debt ratio of 3.85, a current ratio of 0.88 and a quick ratio of 0.54. The company has a market capitalization of $61.19 billion, a price-to-earnings ratio of 34.29, a growth price-to-earnings ratio of 1.85 and a beta of 1.00. The Sherwin-Williams Company has a 52-week low of $214.22 and a 52-week high of $354.15.
Sherwin Williams (NYSE: SHW – Get a rating) last released its quarterly earnings data on Tuesday, April 26. The specialty chemicals company reported EPS of $1.61 for the quarter, beating analyst consensus estimates of $1.54 by $0.07. Sherwin-Williams had a return on equity of 80.22% and a net margin of 9.00%. The company posted revenue of $5 billion for the quarter, versus a consensus estimate of $4.92 billion. In the same quarter a year earlier, the company posted earnings per share of $2.06. The company’s revenue increased 7.4% year over year. On average, analysts predict The Sherwin-Williams Company will post EPS of 9.48 for the current year.
The company also recently disclosed a quarterly dividend, which was paid on Friday, June 3. Investors of record on Friday, May 20 received a dividend of $0.60. The ex-dividend date was Thursday, May 19. This represents a dividend of $2.40 on an annualized basis and a yield of 1.02%. Sherwin-Williams’ dividend payout ratio is currently 34.99%.
A number of equity research analysts have weighed in on SHW shares. Seaport Res Ptn reissued a “neutral” rating on Sherwin-Williams shares in a Wednesday, April 20 report. Credit Suisse Group began covering Sherwin-Williams shares in a report on Tuesday, May 31. They issued an “underperforming” rating and a price target of $245.00 for the company. Loop Capital raised its price target on Sherwin-Williams shares from $300.00 to $315.00 in a report on Wednesday, April 27. Wells Fargo & Company cut its price target on Sherwin-Williams shares from $315.00 to $275.00 and set an “equal weight” rating for the company in a Monday, April 18 report. To finish, StockNews.com launched a hedge on Sherwin-Williams shares in a research note on Thursday, March 31. They set a “holding” rating for the company. One equity research analyst gave the stock a sell rating, eleven issued a hold rating and nine gave the company a buy rating. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $319.79.
Profile of Sherwin-Williams (Get a rating)
The Sherwin-Williams Company develops, manufactures, distributes and sells paints, coatings and related products to professional, industrial, commercial and retail customers. It operates through three segments: Americas Group, Consumer Brands Group and Performance Coatings Group. The Americas Group segment offers architectural paints and coatings, protective and marine products, as well as OEM product finishes and related products for architectural and industrial painting contractors and do-it-yourselfers.
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