Value Partners Investments Inc. Has $2.55 Million Position in The Sherwin-Williams Company (NYSE:SHW)

Value Partners Investments Inc. boosted its stake in shares of The Sherwin-Williams Company (NYSE:SHW) by 9.1% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 7,294 shares of the specialty chemicals company’s stock after buying an additional 611 shares during the quarter. Value Partners Investments Inc.’s holdings in Sherwin-Williams were worth $2,549,000 as of its most recent SEC filing.

Several other hedge funds have also recently made changes to their positions in SHW. Norges Bank bought a new position in shares of Sherwin-Williams in the 4th quarter worth about $1,359,747,000. GAMMA Investing LLC raised its position in shares of Sherwin-Williams by 41,717.1% in the 1st quarter. GAMMA Investing LLC now owns 1,636,304 shares of the specialty chemicals company’s stock worth $571,381,000 after acquiring an additional 1,632,391 shares in the last quarter. Capital Research Global Investors raised its position in shares of Sherwin-Williams by 47.1% in the 4th quarter. Capital Research Global Investors now owns 2,998,647 shares of the specialty chemicals company’s stock worth $1,019,329,000 after acquiring an additional 960,724 shares in the last quarter. Barclays PLC raised its position in shares of Sherwin-Williams by 54.2% in the 4th quarter. Barclays PLC now owns 2,073,533 shares of the specialty chemicals company’s stock worth $704,855,000 after acquiring an additional 728,798 shares in the last quarter. Finally, Raymond James Financial Inc. bought a new position in shares of Sherwin-Williams in the 4th quarter worth about $230,829,000. 77.67% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several research analysts have recently weighed in on SHW shares. Barclays lowered their price objective on Sherwin-Williams from $385.00 to $355.00 and set an “equal weight” rating for the company in a research report on Tuesday, April 1st. Mizuho set a $395.00 price objective on Sherwin-Williams in a research report on Tuesday, April 15th. Morgan Stanley decreased their target price on Sherwin-Williams from $405.00 to $385.00 and set an “overweight” rating for the company in a research report on Tuesday, April 22nd. Jefferies Financial Group reaffirmed a “hold” rating and issued a $380.00 target price (down from $423.00) on shares of Sherwin-Williams in a research report on Monday, March 10th. Finally, UBS Group decreased their target price on Sherwin-Williams from $430.00 to $400.00 and set a “buy” rating for the company in a research report on Monday, April 7th. 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 data from MarketBeat, Sherwin-Williams has a consensus rating of “Moderate Buy” and a consensus price target of $391.31.

Sherwin-Williams Stock Performance

Shares of SHW opened at $343.70 on Thursday. 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 stock has a 50 day moving average price of $348.78 and a two-hundred day moving average price of $348.87. The firm has a market capitalization of $86.13 billion, a P/E ratio of 32.49, a P/E/G ratio of 3.11 and a beta of 1.21. The Sherwin-Williams Company has a 52 week low of $292.33 and a 52 week high of $400.42.

Sherwin-Williams (NYSE:SHW) last issued its quarterly earnings data on Tuesday, April 29th. The specialty chemicals company reported $2.25 EPS for the quarter, topping analysts’ consensus estimates of $2.23 by $0.02. The firm 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%. The company’s revenue for the quarter was down 1.1% on a year-over-year basis. During the same period in the previous year, the company posted $2.17 EPS. Equities analysts forecast that The Sherwin-Williams Company will post 12 earnings per share for the current fiscal year.

Sherwin-Williams Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, June 6th. Stockholders of record on Friday, May 16th were paid a $0.79 dividend. The ex-dividend date was Friday, May 16th. This represents a $3.16 dividend on an annualized basis and a dividend yield of 0.92%. Sherwin-Williams’s payout ratio is presently 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.