Alpha Cubed Investments LLC lessened its stake in Sherwin-Williams (NYSE:SHW) by 9.5% in the first quarter, Holdings Channel reports. The institutional investor owned 6,347 shares of the specialty chemicals company’s stock after selling 670 shares during the quarter. Alpha Cubed Investments LLC’s holdings in Sherwin-Williams were worth $2,489,000 as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. USA Mutuals Advisors Inc. acquired a new position in Sherwin-Williams in the fourth quarter worth $106,000. Prime Capital Investment Advisors LLC boosted its holdings in Sherwin-Williams by 129.4% in the first quarter. Prime Capital Investment Advisors LLC now owns 500 shares of the specialty chemicals company’s stock worth $196,000 after purchasing an additional 282 shares during the period. BTIM Corp. acquired a new position in Sherwin-Williams in the fourth quarter worth $202,000. Chemung Canal Trust Co. acquired a new position in Sherwin-Williams in the fourth quarter worth $204,000. Finally, S. R. Schill & Associates acquired a new position in Sherwin-Williams in the fourth quarter worth $205,000. Institutional investors and hedge funds own 75.72% of the company’s stock.

In related news, insider Peter J. Ippolito sold 750 shares of Sherwin-Williams stock in a transaction dated Wednesday, March 14th. The shares were sold at an average price of $409.26, for a total transaction of $306,945.00. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. 0.78% of the stock is owned by insiders.

Shares of Sherwin-Williams opened at $381.12 on Thursday, according to MarketBeat. Sherwin-Williams has a fifty-two week low of $376.87 and a fifty-two week high of $379.67. The company has a current ratio of 1.13, a quick ratio of 0.67 and a debt-to-equity ratio of 2.68. The stock has a market cap of $35.98 billion, a P/E ratio of 26.71, a P/E/G ratio of 1.74 and a beta of 1.17.

Sherwin-Williams (NYSE:SHW) last issued its quarterly earnings data on Tuesday, April 24th. The specialty chemicals company reported $3.57 earnings per share for the quarter, beating analysts’ consensus estimates of $3.16 by $0.41. Sherwin-Williams had a net margin of 11.02% and a return on equity of 48.06%. The business had revenue of $3.97 billion for the quarter, compared to analysts’ expectations of $3.94 billion. During the same period in the previous year, the business earned $2.27 earnings per share. The company’s revenue was up 43.6% on a year-over-year basis. analysts predict that Sherwin-Williams will post 18.8 earnings per share for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, June 1st. Investors of record on Friday, May 18th will be paid a dividend of $0.86 per share. This represents a $3.44 dividend on an annualized basis and a dividend yield of 0.90%. The ex-dividend date of this dividend is Thursday, May 17th. Sherwin-Williams’s dividend payout ratio is currently 24.11%.

A number of research firms have commented on SHW. Royal Bank of Canada reaffirmed a “buy” rating on shares of Sherwin-Williams in a report on Sunday, January 28th. Bank of America lifted their price objective on shares of Sherwin-Williams from $435.00 to $470.00 and gave the stock a “buy” rating in a report on Friday, January 26th. KeyCorp reissued a “buy” rating and set a $500.00 price target (up previously from $465.00) on shares of Sherwin-Williams in a report on Monday, January 29th. They noted that the move was a valuation call. Seaport Global Securities raised shares of Sherwin-Williams from a “neutral” rating to a “buy” rating in a report on Friday, February 2nd. Finally, Zacks Investment Research downgraded shares of Sherwin-Williams from a “buy” rating to a “hold” rating in a report on Thursday, April 26th. One research analyst has rated the stock with a sell rating, nine have given a hold rating, fifteen have issued a buy rating and one has given a strong buy rating to the company’s stock. The stock has an average rating of “Buy” and an average target price of $437.90.

Sherwin-Williams Company Profile

The Sherwin-Williams Company develops, manufactures, distributes, and sells paints, coatings, and related products to professional, industrial, commercial, and retail customers primarily in North and South America, the Caribbean, Europe, Asia, and Australia. The company operates in three segments: The Americas Group, Consumer Brands Group, and Performance Coatings Group.

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Institutional Ownership by Quarter for Sherwin-Williams (NYSE:SHW)

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