The Sherwin-Williams Company (NYSE:SHW) Stock Holdings Lessened by Burney Co.

Burney Co. reduced its stake in shares of The Sherwin-Williams Company (NYSE:SHW) by 5.5% in the 2nd quarter, HoldingsChannel.com reports. The firm owned 16,547 shares of the specialty chemicals company’s stock after selling 967 shares during the quarter. Burney Co.’s holdings in Sherwin-Williams were worth $4,938,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. Conning Inc. boosted its stake in shares of Sherwin-Williams by 1.9% during the 2nd quarter. Conning Inc. now owns 1,606 shares of the specialty chemicals company’s stock valued at $479,000 after buying an additional 30 shares during the period. Optas LLC increased its stake in shares of Sherwin-Williams by 1.3% in the second quarter. Optas LLC now owns 2,424 shares of the specialty chemicals company’s stock worth $723,000 after acquiring an additional 32 shares during the last quarter. Capital Advisors Ltd. LLC raised its holdings in shares of Sherwin-Williams by 2.9% during the second quarter. Capital Advisors Ltd. LLC now owns 1,173 shares of the specialty chemicals company’s stock worth $350,000 after acquiring an additional 33 shares in the last quarter. Meixler Investment Management Ltd. boosted its position in Sherwin-Williams by 5.1% during the second quarter. Meixler Investment Management Ltd. now owns 695 shares of the specialty chemicals company’s stock valued at $207,000 after purchasing an additional 34 shares during the last quarter. Finally, Manchester Capital Management LLC grew its stake in Sherwin-Williams by 5.5% in the fourth quarter. Manchester Capital Management LLC now owns 666 shares of the specialty chemicals company’s stock valued at $208,000 after purchasing an additional 35 shares in the last quarter. 77.67% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several research analysts have weighed in on the company. KeyCorp upped their target price on Sherwin-Williams from $400.00 to $410.00 and gave the stock an “overweight” rating in a research report on Wednesday, July 24th. Evercore ISI increased their price objective on Sherwin-Williams from $360.00 to $365.00 and gave the stock an “outperform” rating in a report on Wednesday, July 24th. Morgan Stanley lifted their target price on shares of Sherwin-Williams from $338.00 to $375.00 and gave the company an “overweight” rating in a research note on Wednesday, July 24th. Redburn Atlantic raised shares of Sherwin-Williams to a “strong-buy” rating in a research report on Thursday, July 18th. Finally, Wells Fargo & Company raised their price target on shares of Sherwin-Williams from $320.00 to $350.00 and gave the company an “equal weight” rating in a report on Wednesday, July 24th. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating, fourteen have given a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, Sherwin-Williams presently has an average rating of “Moderate Buy” and an average target price of $358.16.

Sherwin-Williams Stock Performance

Shares of SHW stock traded down $0.06 during trading hours on Thursday, reaching $361.64. 382,289 shares of the company’s stock were exchanged, compared to its average volume of 1,609,214. The Sherwin-Williams Company has a fifty-two week low of $232.06 and a fifty-two week high of $363.15. The company has a quick ratio of 0.50, a current ratio of 0.81 and a debt-to-equity ratio of 2.17. The stock has a market capitalization of $91.69 billion, a P/E ratio of 38.66, a P/E/G ratio of 2.79 and a beta of 1.16. The business has a fifty day moving average price of $328.87 and a 200-day moving average price of $322.07.

Sherwin-Williams (NYSE:SHW) last released its earnings results on Tuesday, July 23rd. The specialty chemicals company reported $3.70 EPS for the quarter, beating the consensus estimate of $3.51 by $0.19. The firm had revenue of $6.27 billion during the quarter, compared to analysts’ expectations of $6.33 billion. Sherwin-Williams had a net margin of 10.92% and a return on equity of 75.58%. The business’s quarterly revenue was up .5% compared to the same quarter last year. During the same period in the prior year, the company earned $3.29 EPS. Analysts predict that The Sherwin-Williams Company will post 11.44 EPS for the current fiscal year.

Sherwin-Williams Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, September 6th. Investors of record on Friday, August 16th will be given a dividend of $0.715 per share. This represents a $2.86 dividend on an annualized basis and a yield of 0.79%. The ex-dividend date is Friday, August 16th. Sherwin-Williams’s dividend payout ratio (DPR) is presently 30.49%.

Sherwin-Williams Company 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.