Catalina Capital Group LLC Decreases Stake in The Sherwin-Williams Company (NYSE:SHW)

Catalina Capital Group LLC lowered its holdings in The Sherwin-Williams Company (NYSE:SHW) by 47.1% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 668 shares of the specialty chemicals company’s stock after selling 594 shares during the quarter. Catalina Capital Group LLC’s holdings in Sherwin-Williams were worth $233,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also recently modified their holdings of the company. Midwest Capital Advisors LLC purchased a new position in shares of Sherwin-Williams in the fourth quarter worth $26,000. Park Square Financial Group LLC purchased a new position in shares of Sherwin-Williams in the fourth quarter worth $27,000. Perkins Coie Trust Co purchased a new position in shares of Sherwin-Williams in the first quarter worth $27,000. Lee Danner & Bass Inc. purchased a new position in shares of Sherwin-Williams in the fourth quarter worth $28,000. Finally, Sierra Ocean LLC bought a new stake in shares of Sherwin-Williams in the fourth quarter worth $36,000. Hedge funds and other institutional investors own 77.67% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages recently commented on SHW. Jefferies Financial Group reaffirmed a “hold” rating and issued a $380.00 price objective (down previously from $423.00) on shares of Sherwin-Williams in a report on Monday, March 10th. Citigroup lowered Sherwin-Williams from a “buy” rating to a “neutral” rating and cut their price objective for the stock from $405.00 to $385.00 in a report on Friday, June 13th. Wells Fargo & Company raised Sherwin-Williams from an “equal weight” rating to an “overweight” rating and lifted their price objective for the stock from $350.00 to $420.00 in a report on Wednesday, April 30th. Royal Bank Of Canada lifted their price objective on Sherwin-Williams from $410.00 to $420.00 and gave the stock an “outperform” rating in a report on Thursday, May 1st. Finally, Mizuho set a $395.00 price objective on Sherwin-Williams in a report on Tuesday, April 15th. Six investment analysts have rated the stock with a hold rating, ten have given a buy rating and two have assigned a strong buy rating to the company’s stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $397.67.

Sherwin-Williams Stock Performance

NYSE:SHW opened at $331.08 on Thursday. The stock has a 50-day simple moving average of $348.37 and a two-hundred day simple moving average of $350.63. The Sherwin-Williams Company has a 52-week low of $292.27 and a 52-week high of $400.42. 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 capitalization of $82.97 billion, a PE ratio of 31.29, a P/E/G ratio of 3.00 and a beta of 1.21.

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

Sherwin-Williams Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, June 6th. Stockholders of record on Friday, May 16th were paid a $0.79 dividend. This represents a $3.16 dividend on an annualized basis and a dividend yield of 0.95%. The ex-dividend date was Friday, May 16th. Sherwin-Williams’s dividend payout ratio (DPR) is 29.87%.

Sherwin-Williams Profile

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.