The Sherwin-Williams Company (NYSE:SHW) Shares Sold by Donaldson Capital Management LLC

Donaldson Capital Management LLC decreased its position in shares of The Sherwin-Williams Company (NYSE:SHW) by 23.2% in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 680 shares of the specialty chemicals company’s stock after selling 205 shares during the quarter. Donaldson Capital Management LLC’s holdings in Sherwin-Williams were worth $238,000 as of its most recent SEC filing.

A number of other large investors have also recently bought and sold shares of the company. Legacy Capital Wealth Partners LLC lifted its stake in Sherwin-Williams by 2.9% during the 4th quarter. Legacy Capital Wealth Partners LLC now owns 1,028 shares of the specialty chemicals company’s stock valued at $350,000 after acquiring an additional 29 shares during the period. IMS Capital Management raised its stake in shares of Sherwin-Williams by 2.4% during the 4th quarter. IMS Capital Management now owns 1,287 shares of the specialty chemicals company’s stock valued at $437,000 after buying an additional 30 shares during the last quarter. Coppell Advisory Solutions LLC lifted its holdings in shares of Sherwin-Williams by 2.7% in the 4th quarter. Coppell Advisory Solutions LLC now owns 1,146 shares of the specialty chemicals company’s stock valued at $388,000 after buying an additional 30 shares during the period. Ashton Thomas Securities LLC boosted its stake in shares of Sherwin-Williams by 1.5% in the fourth quarter. Ashton Thomas Securities LLC now owns 2,228 shares of the specialty chemicals company’s stock worth $757,000 after buying an additional 34 shares during the last quarter. Finally, WR Wealth Planners LLC boosted its stake in shares of Sherwin-Williams by 41.7% in the fourth quarter. WR Wealth Planners LLC now owns 119 shares of the specialty chemicals company’s stock worth $40,000 after buying an additional 35 shares during the last quarter. Hedge funds and other institutional investors own 77.67% of the company’s stock.

Sherwin-Williams Price Performance

Sherwin-Williams stock opened at $357.14 on Thursday. The company has a fifty day simple moving average of $347.05 and a 200-day simple moving average of $352.64. The company has a quick ratio of 0.46, a current ratio of 0.79 and a debt-to-equity ratio of 2.02. The firm has a market capitalization of $89.50 billion, a price-to-earnings ratio of 33.85, a PEG ratio of 2.98 and a beta of 1.21. The Sherwin-Williams Company has a 52-week low of $292.27 and a 52-week high of $400.42.

Sherwin-Williams (NYSE:SHW) last released its quarterly earnings data on Tuesday, April 29th. The specialty chemicals company reported $2.25 EPS for the quarter, beating analysts’ consensus estimates of $2.23 by $0.02. Sherwin-Williams had a net margin of 11.61% and a return on equity of 74.50%. The company had revenue of $5.31 billion during the quarter, compared to the consensus estimate of $5.42 billion. During the same quarter in the prior year, the firm earned $2.17 EPS. Sherwin-Williams’s quarterly revenue was down 1.1% on a year-over-year basis. On average, equities analysts anticipate that The Sherwin-Williams Company will post 12 EPS for the current fiscal 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 given 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 yield of 0.88%. Sherwin-Williams’s payout ratio is 29.87%.

Wall Street Analyst Weigh In

Several brokerages recently weighed in on SHW. Wells Fargo & Company upgraded Sherwin-Williams from an “equal weight” rating to an “overweight” rating and lifted their price target for the company from $350.00 to $420.00 in a research report on Wednesday, April 30th. Mizuho set a $395.00 target price on shares of Sherwin-Williams in a report on Tuesday, April 15th. Royal Bank of Canada boosted their target price on shares of Sherwin-Williams from $410.00 to $420.00 and gave the company an “outperform” rating in a research note on Thursday, May 1st. Jefferies Financial Group reiterated a “hold” rating and issued a $380.00 price objective (down previously from $423.00) on shares of Sherwin-Williams in a research report on Monday, March 10th. Finally, Morgan Stanley dropped their target price on Sherwin-Williams from $405.00 to $385.00 and set an “overweight” rating on the stock in a research report on Tuesday, April 22nd. Five research analysts have rated the stock with a hold rating, eleven have issued a buy rating and two have given a strong buy rating to the company. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $397.00.

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.