Dupont Capital Management Corp Has $9.45 Million Stake in The Sherwin-Williams Company (NYSE:SHW)

Dupont Capital Management Corp raised its position in shares of The Sherwin-Williams Company (NYSE:SHW) by 7.3% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 27,064 shares of the specialty chemicals company’s stock after buying an additional 1,837 shares during the period. Dupont Capital Management Corp’s holdings in Sherwin-Williams were worth $9,450,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds also recently modified their holdings of the company. Evanson Asset Management LLC acquired a new stake in shares of Sherwin-Williams during the first quarter worth approximately $234,000. Advisor Resource Council bought a new stake in shares of Sherwin-Williams during the first quarter valued at approximately $281,000. Segment Wealth Management LLC grew its stake in shares of Sherwin-Williams by 0.9% during the first quarter. Segment Wealth Management LLC now owns 44,868 shares of the specialty chemicals company’s stock valued at $15,668,000 after purchasing an additional 415 shares during the last quarter. Stableford Capital II LLC grew its stake in shares of Sherwin-Williams by 7.3% during the first quarter. Stableford Capital II LLC now owns 5,692 shares of the specialty chemicals company’s stock valued at $1,898,000 after purchasing an additional 389 shares during the last quarter. Finally, Avior Wealth Management LLC grew its stake in shares of Sherwin-Williams by 1.1% during the first quarter. Avior Wealth Management LLC now owns 4,083 shares of the specialty chemicals company’s stock valued at $1,426,000 after purchasing an additional 43 shares during the last quarter. Institutional investors and hedge funds own 77.67% of the company’s stock.

Sherwin-Williams Trading Up 0.4%

SHW opened at $332.89 on Friday. The firm’s fifty day moving average is $348.31 and its two-hundred day moving average is $349.76. The company has a debt-to-equity ratio of 1.90, a quick ratio of 0.45 and a current ratio of 0.77. The firm has a market cap of $83.42 billion, a PE ratio of 31.46, a price-to-earnings-growth ratio of 3.01 and a beta of 1.21. The Sherwin-Williams Company has a twelve month low of $292.27 and a twelve month high of $400.42.

Sherwin-Williams (NYSE:SHW) last posted its earnings results on Tuesday, April 29th. The specialty chemicals company reported $2.25 earnings per share for the quarter, topping the consensus estimate of $2.23 by $0.02. The company had revenue of $5.31 billion for the quarter, compared to analyst estimates of $5.42 billion. Sherwin-Williams had a net margin of 11.63% and a return on equity of 71.86%. The business’s revenue for the quarter was down 1.1% compared to the same quarter last year. During the same period last year, the business posted $2.17 earnings per share. Equities research analysts anticipate that The Sherwin-Williams Company will post 12 EPS for the current year.

Sherwin-Williams Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, June 6th. Investors of record on Friday, May 16th were issued 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 0.95%. Sherwin-Williams’s payout ratio is 29.87%.

Wall Street Analysts Forecast Growth

Several research firms have recently commented on SHW. Morgan Stanley decreased their price target 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. Citigroup cut shares of Sherwin-Williams from a “buy” rating to a “neutral” rating and decreased their price target for the company from $405.00 to $385.00 in a research note on Friday, June 13th. UBS Group decreased their price target on shares of Sherwin-Williams from $430.00 to $400.00 and set a “buy” rating on the stock in a research note on Monday, April 7th. Mizuho set a $395.00 price target on shares of Sherwin-Williams in a research note on Tuesday, April 15th. Finally, Barclays reduced their price objective on shares of Sherwin-Williams from $385.00 to $355.00 and set an “equal weight” rating on the stock in a research note on Tuesday, April 1st. Six research analysts have rated the stock with a hold rating, ten have issued a buy rating and two have given a strong buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $397.67.

About Sherwin-Williams

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.