Sherwin-Williams Co (SHW) Stake Increased by WealthPLAN Partners LLC

WealthPLAN Partners LLC grew its holdings in Sherwin-Williams Co (NYSE:SHW) by 40.7% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 4,948 shares of the specialty chemicals company’s stock after buying an additional 1,432 shares during the quarter. WealthPLAN Partners LLC’s holdings in Sherwin-Williams were worth $1,940,000 as of its most recent SEC filing.

Other institutional investors have also bought and sold shares of the company. Fred Alger Management Inc. increased its position in shares of Sherwin-Williams by 57.3% during the fourth quarter. Fred Alger Management Inc. now owns 640,717 shares of the specialty chemicals company’s stock worth $262,720,000 after purchasing an additional 233,329 shares in the last quarter. Alliancebernstein L.P. increased its position in shares of Sherwin-Williams by 87.6% during the fourth quarter. Alliancebernstein L.P. now owns 417,913 shares of the specialty chemicals company’s stock worth $171,361,000 after purchasing an additional 195,137 shares in the last quarter. The Manufacturers Life Insurance Company increased its position in shares of Sherwin-Williams by 57.5% during the first quarter. The Manufacturers Life Insurance Company now owns 303,806 shares of the specialty chemicals company’s stock worth $119,127,000 after purchasing an additional 110,963 shares in the last quarter. Point72 Asset Management L.P. increased its position in shares of Sherwin-Williams by 145.4% during the first quarter. Point72 Asset Management L.P. now owns 184,050 shares of the specialty chemicals company’s stock worth $72,170,000 after purchasing an additional 109,050 shares in the last quarter. Finally, Allianz Asset Management GmbH increased its position in shares of Sherwin-Williams by 277.7% during the fourth quarter. Allianz Asset Management GmbH now owns 61,130 shares of the specialty chemicals company’s stock worth $25,066,000 after purchasing an additional 95,540 shares in the last quarter. Institutional investors and hedge funds own 74.77% of the company’s stock.

Several analysts recently commented on the company. Zacks Investment Research cut Sherwin-Williams from a “buy” rating to a “hold” rating in a research report on Thursday, April 26th. Royal Bank of Canada dropped their price target on Sherwin-Williams to $470.00 and set an “outperform” rating for the company in a research report on Thursday, April 26th. Barclays dropped their price target on Sherwin-Williams from $450.00 to $420.00 and set an “equal weight” rating for the company in a research report on Wednesday, April 25th. Credit Suisse Group set a $457.00 price target on Sherwin-Williams and gave the stock a “buy” rating in a research report on Wednesday, May 23rd. Finally, BMO Capital Markets assumed coverage on Sherwin-Williams in a research report on Tuesday, March 27th. They set a “market perform” rating and a $453.00 price target for the company. One equities research analyst has rated the stock with a sell rating, nine have given a hold rating, fourteen have issued a buy rating and one has issued a strong buy rating to the company’s stock. Sherwin-Williams currently has a consensus rating of “Buy” and an average price target of $439.65.

NYSE SHW traded up $0.14 on Thursday, reaching $396.29. 2,152 shares of the company were exchanged, compared to its average volume of 700,900. Sherwin-Williams Co has a fifty-two week low of $326.68 and a fifty-two week high of $435.15. The firm has a market capitalization of $37.28 billion, a P/E ratio of 27.76, a price-to-earnings-growth ratio of 1.79 and a beta of 1.17. The company has a debt-to-equity ratio of 2.68, a quick ratio of 0.67 and a current ratio of 1.13.

Sherwin-Williams (NYSE:SHW) last announced its quarterly earnings results on Tuesday, April 24th. The specialty chemicals company reported $3.57 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $3.16 by $0.41. Sherwin-Williams had a return on equity of 48.06% and a net margin of 11.02%. The business had revenue of $3.97 billion for the quarter, compared to analyst estimates of $3.94 billion. During the same quarter in the prior year, the company posted $2.27 EPS. The company’s quarterly revenue was up 43.6% on a year-over-year basis. sell-side analysts forecast that Sherwin-Williams Co will post 18.71 EPS for the current year.

The firm also recently declared a quarterly dividend, which was paid on Friday, June 1st. Stockholders of record on Friday, May 18th were paid a $0.86 dividend. This represents a $3.44 annualized dividend and a dividend yield of 0.87%. The ex-dividend date was Thursday, May 17th. Sherwin-Williams’s dividend payout ratio (DPR) is presently 24.11%.

About Sherwin-Williams

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.

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

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