The Sherwin-Williams Company (NYSE:SHW) Stock Holdings Lowered by First Horizon Advisors Inc.

First Horizon Advisors Inc. lowered its position in shares of The Sherwin-Williams Company (NYSE:SHW) by 8.8% in the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 2,816 shares of the specialty chemicals company’s stock after selling 271 shares during the period. First Horizon Advisors Inc.’s holdings in Sherwin-Williams were worth $957,000 as of its most recent filing with the SEC.

Several other institutional investors have also modified their holdings of the company. Valued Wealth Advisors LLC lifted its holdings in Sherwin-Williams by 88.9% in the third quarter. Valued Wealth Advisors LLC now owns 68 shares of the specialty chemicals company’s stock worth $26,000 after purchasing an additional 32 shares during the period. First Personal Financial Services acquired a new stake in Sherwin-Williams in the third quarter worth about $29,000. FSA Wealth Management LLC acquired a new stake in Sherwin-Williams in the third quarter worth about $32,000. GHP Investment Advisors Inc. lifted its holdings in Sherwin-Williams by 47.5% in the third quarter. GHP Investment Advisors Inc. now owns 87 shares of the specialty chemicals company’s stock worth $33,000 after purchasing an additional 28 shares during the period. Finally, Sierra Ocean LLC acquired a new stake in Sherwin-Williams in the fourth quarter worth about $36,000. Institutional investors own 77.67% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts recently weighed in on SHW shares. Zelman & Associates raised shares of Sherwin-Williams to a “strong-buy” rating in a report on Friday, January 17th. StockNews.com downgraded shares of Sherwin-Williams from a “buy” rating to a “hold” rating in a report on Thursday, November 28th. Morgan Stanley reduced their price objective on shares of Sherwin-Williams from $450.00 to $405.00 and set an “overweight” rating for the company in a report on Tuesday, January 28th. JPMorgan Chase & Co. upped their price target on shares of Sherwin-Williams from $370.00 to $390.00 and gave the company an “overweight” rating in a report on Monday, February 3rd. Finally, Royal Bank of Canada cut their price target on shares of Sherwin-Williams from $438.00 to $415.00 and set an “outperform” rating for the company in a report on Monday, February 3rd. One analyst has rated the stock with a sell rating, six have assigned a hold rating, twelve have assigned a buy rating and two have assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, Sherwin-Williams presently has an average rating of “Moderate Buy” and a consensus target price of $400.59.

Sherwin-Williams Price Performance

Shares of SHW opened at $343.97 on Tuesday. The company has a market capitalization of $86.46 billion, a price-to-earnings ratio of 32.60, a P/E/G ratio of 2.98 and a beta of 1.22. The Sherwin-Williams Company has a fifty-two week low of $282.09 and a fifty-two week high of $400.42. The company has a debt-to-equity ratio of 2.02, a current ratio of 0.79 and a quick ratio of 0.46. The business’s 50-day moving average is $350.62 and its 200-day moving average is $365.57.

Sherwin-Williams (NYSE:SHW) last issued its earnings results on Thursday, January 30th. The specialty chemicals company reported $2.09 earnings per share for the quarter, beating analysts’ consensus estimates 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 posted $1.81 EPS. Equities research analysts expect that The Sherwin-Williams Company will post 12 EPS for the current fiscal year.

Sherwin-Williams Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, March 14th. Stockholders of record on Monday, March 3rd will be issued a $0.79 dividend. This is an increase 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 dividend yield of 0.92%. Sherwin-Williams’s dividend payout ratio is currently 29.95%.

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.