Financiere des Professionnels Fonds d investissement inc. Sells 370 Shares of The Sherwin-Williams Company (NYSE:SHW)

Financiere des Professionnels Fonds d investissement inc. reduced its holdings in shares of The Sherwin-Williams Company (NYSE:SHW) by 2.3% in the first quarter, according to its most recent filing with the SEC. The fund owned 15,508 shares of the specialty chemicals company’s stock after selling 370 shares during the period. Financiere des Professionnels Fonds d investissement inc.’s holdings in Sherwin-Williams were worth $5,415,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently modified their holdings of the business. Vanguard Group Inc. raised its position in Sherwin-Williams by 0.6% during the 4th quarter. Vanguard Group Inc. now owns 21,836,648 shares of the specialty chemicals company’s stock valued at $7,422,932,000 after purchasing an additional 138,170 shares in the last quarter. FMR LLC raised its position in Sherwin-Williams by 1.6% during the 4th quarter. FMR LLC now owns 6,588,755 shares of the specialty chemicals company’s stock valued at $2,239,715,000 after purchasing an additional 106,093 shares in the last quarter. Geode Capital Management LLC raised its position in Sherwin-Williams by 2.0% during the 4th quarter. Geode Capital Management LLC now owns 4,829,702 shares of the specialty chemicals company’s stock valued at $1,636,679,000 after purchasing an additional 96,571 shares in the last quarter. Alliancebernstein L.P. raised its position in Sherwin-Williams by 2.0% during the 4th quarter. Alliancebernstein L.P. now owns 4,316,000 shares of the specialty chemicals company’s stock valued at $1,467,138,000 after purchasing an additional 86,268 shares in the last quarter. Finally, Norges Bank bought a new stake in Sherwin-Williams during the 4th quarter valued at $1,359,747,000. 77.67% of the stock is owned by institutional investors.

Sherwin-Williams Trading Down 0.7%

Shares of NYSE:SHW opened at $350.16 on Friday. The Sherwin-Williams Company has a 52-week low of $296.40 and a 52-week high of $400.42. The stock has a market cap of $87.75 billion, a price-to-earnings ratio of 33.10, a PEG ratio of 3.18 and a beta of 1.18. The company has a quick ratio of 0.45, a current ratio of 0.77 and a debt-to-equity ratio of 1.90. The business has a 50-day moving average price of $351.21 and a 200-day moving average price of $347.90.

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

Sherwin-Williams Announces Dividend

The firm also recently announced 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 annualized dividend and a dividend yield of 0.90%. Sherwin-Williams’s dividend payout ratio (DPR) is presently 29.87%.

Wall Street Analyst Weigh In

Several research analysts have recently commented on the company. Mizuho set a $395.00 price target on Sherwin-Williams in a research report on Tuesday, April 15th. Wells Fargo & Company raised Sherwin-Williams from an “equal weight” rating to an “overweight” rating and boosted their price target for the stock from $350.00 to $420.00 in a research report on Wednesday, April 30th. Bank of America boosted their price target on Sherwin-Williams from $289.00 to $296.00 and gave the stock an “underperform” rating in a research report on Monday, June 23rd. Royal Bank Of Canada boosted their price target on Sherwin-Williams from $410.00 to $420.00 and gave the stock an “outperform” rating in a research report on Thursday, May 1st. Finally, Jefferies Financial Group reissued a “hold” rating and set a $380.00 target price (down previously from $423.00) on shares of Sherwin-Williams in a research report on Monday, March 10th. One analyst has rated the stock with a sell rating, six have assigned a hold rating, ten have issued a buy rating and two have issued a strong buy rating to the company. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $391.31.

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.