Amalgamated Bank Has $16.84 Million Stock Holdings in The Sherwin-Williams Company (NYSE:SHW)

Amalgamated Bank cut its holdings in shares of The Sherwin-Williams Company (NYSE:SHW) by 3.1% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 49,548 shares of the specialty chemicals company’s stock after selling 1,569 shares during the period. Amalgamated Bank’s holdings in Sherwin-Williams were worth $16,843,000 at the end of the most recent quarter.

Other hedge funds have also added to or reduced their stakes in the company. Valued Wealth Advisors LLC increased its position in shares of Sherwin-Williams by 88.9% during the third quarter. Valued Wealth Advisors LLC now owns 68 shares of the specialty chemicals company’s stock worth $26,000 after buying an additional 32 shares during the period. First Personal Financial Services bought a new stake in Sherwin-Williams in the 3rd quarter valued at about $29,000. Midwest Capital Advisors LLC bought a new stake in Sherwin-Williams in the 4th quarter valued at about $26,000. FSA Wealth Management LLC bought a new stake in Sherwin-Williams in the 3rd quarter valued at about $32,000. Finally, GHP Investment Advisors Inc. increased its position in Sherwin-Williams by 47.5% in the 3rd quarter. GHP Investment Advisors Inc. now owns 87 shares of the specialty chemicals company’s stock valued at $33,000 after buying an additional 28 shares in the last quarter. 77.67% of the stock is currently owned by institutional investors and hedge funds.

Sherwin-Williams Price Performance

Sherwin-Williams stock opened at $343.97 on Tuesday. The Sherwin-Williams Company has a 12 month low of $282.09 and a 12 month high of $400.42. The company has a current ratio of 0.79, a quick ratio of 0.46 and a debt-to-equity ratio of 2.02. The business’s 50 day simple moving average is $350.62 and its 200 day simple moving average is $365.57. The company has a market cap of $86.46 billion, a price-to-earnings ratio of 32.60, a PEG ratio of 2.98 and a beta of 1.22.

Sherwin-Williams (NYSE:SHW) last posted its quarterly earnings data on Thursday, January 30th. The specialty chemicals company reported $2.09 EPS for the quarter, beating the consensus estimate of $2.07 by $0.02. Sherwin-Williams had a return on equity of 74.50% and a net margin of 11.61%. During the same period in the prior year, the business earned $1.81 EPS. Sell-side analysts forecast that The Sherwin-Williams Company will post 12 EPS for the current year.

Sherwin-Williams Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, March 14th. Shareholders of record on Monday, March 3rd will be issued a dividend of $0.79 per share. This is a boost from Sherwin-Williams’s previous quarterly dividend of $0.72. The ex-dividend date is Monday, March 3rd. This represents a $3.16 dividend on an annualized basis and a yield of 0.92%. Sherwin-Williams’s payout ratio is presently 29.95%.

Analyst Upgrades and Downgrades

A number of analysts recently commented on the company. Berenberg Bank raised Sherwin-Williams from a “hold” rating to a “buy” rating and boosted their target price for the company from $321.00 to $420.00 in a research report on Friday, January 24th. Royal Bank of Canada cut their price target on Sherwin-Williams from $438.00 to $415.00 and set an “outperform” rating for the company in a research note on Monday, February 3rd. StockNews.com downgraded Sherwin-Williams from a “buy” rating to a “hold” rating in a research note on Thursday, November 28th. Evercore ISI lifted their price target on Sherwin-Williams from $400.00 to $420.00 and gave the company an “outperform” rating in a research note on Thursday, November 7th. Finally, Robert W. Baird set a $370.00 price target on Sherwin-Williams in a research note on Friday, January 31st. One investment analyst has rated the stock with a sell rating, six have issued a hold rating, twelve have issued a buy rating and two have issued a strong buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $400.59.

About Sherwin-Williams

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.