The Sherwin-Williams Company (NYSE:SHW) Stock Holdings Raised by American International Group Inc.

American International Group Inc. raised its stake in The Sherwin-Williams Company (NYSE:SHW) by 0.9% in the 4th quarter, according to its most recent filing with the SEC. The fund owned 68,605 shares of the specialty chemicals company’s stock after purchasing an additional 618 shares during the period. American International Group Inc.’s holdings in Sherwin-Williams were worth $21,398,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently modified their holdings of the company. First United Bank & Trust bought a new stake in shares of Sherwin-Williams during the 4th quarter valued at about $31,000. Tortoise Investment Management LLC grew its position in shares of Sherwin-Williams by 158.5% during the 4th quarter. Tortoise Investment Management LLC now owns 106 shares of the specialty chemicals company’s stock valued at $33,000 after buying an additional 65 shares during the last quarter. McGlone Suttner Wealth Management Inc. bought a new stake in shares of Sherwin-Williams during the 4th quarter valued at about $35,000. Wetzel Investment Advisors Inc. bought a new stake in shares of Sherwin-Williams during the 4th quarter valued at about $36,000. Finally, Tompkins Financial Corp grew its position in shares of Sherwin-Williams by 1,533.3% during the 3rd quarter. Tompkins Financial Corp now owns 147 shares of the specialty chemicals company’s stock valued at $37,000 after buying an additional 138 shares during the last quarter. Institutional investors own 77.67% of the company’s stock.

Sherwin-Williams Price Performance

SHW stock traded down $3.46 on Friday, hitting $296.99. 927,859 shares of the company’s stock traded hands, compared to its average volume of 1,851,998. The Sherwin-Williams Company has a 1-year low of $232.06 and a 1-year high of $348.37. The stock has a market cap of $75.30 billion, a price-to-earnings ratio of 31.66, a P/E/G ratio of 2.42 and a beta of 1.17. The stock has a fifty day moving average of $308.69 and a 200-day moving average of $312.19. The company has a current ratio of 0.78, a quick ratio of 0.46 and a debt-to-equity ratio of 2.32.

Sherwin-Williams (NYSE:SHW) last released its earnings results on Tuesday, April 23rd. The specialty chemicals company reported $2.17 EPS for the quarter, missing the consensus estimate of $2.22 by ($0.05). The business had revenue of $5.37 billion for the quarter, compared to analyst estimates of $5.50 billion. Sherwin-Williams had a net margin of 10.52% and a return on equity of 73.74%. The firm’s revenue for the quarter was down 1.4% on a year-over-year basis. During the same period in the prior year, the company earned $2.04 earnings per share. On average, analysts forecast that The Sherwin-Williams Company will post 11.43 EPS for the current fiscal year.

Sherwin-Williams Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, June 7th. Investors of record on Friday, May 17th were given a $0.715 dividend. The ex-dividend date was Thursday, May 16th. This represents a $2.86 annualized dividend and a dividend yield of 0.96%. Sherwin-Williams’s dividend payout ratio (DPR) is presently 30.49%.

Analysts Set New Price Targets

SHW has been the subject of a number of recent research reports. Evercore ISI boosted their price objective on shares of Sherwin-Williams from $360.00 to $365.00 and gave the company an “outperform” rating in a research report on Tuesday, May 14th. Citigroup decreased their target price on shares of Sherwin-Williams from $390.00 to $370.00 and set a “buy” rating for the company in a research report on Thursday, April 25th. Northcoast Research upgraded shares of Sherwin-Williams from a “neutral” rating to a “buy” rating and set a $360.00 target price for the company in a research report on Tuesday, February 27th. Loop Capital decreased their target price on shares of Sherwin-Williams from $395.00 to $380.00 and set a “buy” rating for the company in a research report on Wednesday, April 24th. Finally, KeyCorp upgraded shares of Sherwin-Williams from a “sector weight” rating to an “overweight” rating and set a $400.00 target price for the company in a research report on Thursday, April 25th. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating and twelve have issued a buy rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $343.41.

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.