The Sherwin-Williams Company (NYSE:SHW) Shares Acquired by Foxhaven Asset Management LP

Foxhaven Asset Management LP lifted its stake in The Sherwin-Williams Company (NYSE:SHW) by 7.3% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 535,133 shares of the specialty chemicals company’s stock after purchasing an additional 36,628 shares during the period. Sherwin-Williams comprises about 4.3% of Foxhaven Asset Management LP’s holdings, making the stock its 10th largest holding. Foxhaven Asset Management LP owned about 0.21% of Sherwin-Williams worth $120,282,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors also recently bought and sold shares of the stock. Sandy Spring Bank grew its position in shares of Sherwin-Williams by 1.1% during the fourth quarter. Sandy Spring Bank now owns 4,102 shares of the specialty chemicals company’s stock worth $974,000 after buying an additional 44 shares in the last quarter. J.W. Cole Advisors Inc. raised its holdings in shares of Sherwin-Williams by 4.6% in the 1st quarter. J.W. Cole Advisors Inc. now owns 999 shares of the specialty chemicals company’s stock valued at $224,000 after purchasing an additional 44 shares in the last quarter. Pinnacle Financial Partners Inc. lifted its position in shares of Sherwin-Williams by 0.6% during the 1st quarter. Pinnacle Financial Partners Inc. now owns 7,017 shares of the specialty chemicals company’s stock worth $1,577,000 after purchasing an additional 45 shares during the last quarter. Nikulski Financial Inc. lifted its position in shares of Sherwin-Williams by 1.5% during the 1st quarter. Nikulski Financial Inc. now owns 3,115 shares of the specialty chemicals company’s stock worth $700,000 after purchasing an additional 45 shares during the last quarter. Finally, Procyon Advisors LLC increased its holdings in Sherwin-Williams by 3.5% in the first quarter. Procyon Advisors LLC now owns 1,408 shares of the specialty chemicals company’s stock valued at $317,000 after buying an additional 47 shares during the last quarter. Hedge funds and other institutional investors own 75.87% of the company’s stock.

Sherwin-Williams Stock Performance

NYSE:SHW traded down $4.38 during midday trading on Tuesday, reaching $269.27. The stock had a trading volume of 403,080 shares, compared to its average volume of 1,466,749. The company has a quick ratio of 0.62, a current ratio of 1.00 and a debt-to-equity ratio of 2.50. The stock has a market cap of $69.24 billion, a P/E ratio of 30.37, a P/E/G ratio of 2.27 and a beta of 1.10. The firm has a fifty day simple moving average of $270.20 and a two-hundred day simple moving average of $244.67. The Sherwin-Williams Company has a 12-month low of $195.24 and a 12-month high of $283.80.

Sherwin-Williams (NYSE:SHW) last issued its earnings results on Tuesday, July 25th. The specialty chemicals company reported $3.29 earnings per share for the quarter, beating the consensus estimate of $2.71 by $0.58. Sherwin-Williams had a net margin of 10.20% and a return on equity of 83.63%. The business had revenue of $6.24 billion for the quarter, compared to the consensus estimate of $6.03 billion. The business’s quarterly revenue was up 6.3% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $2.41 earnings per share. On average, equities analysts expect that The Sherwin-Williams Company will post 9.78 EPS for the current year.

Sherwin-Williams Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, September 8th. Investors of record on Friday, August 18th were paid a $0.605 dividend. The ex-dividend date of this dividend was Thursday, August 17th. This represents a $2.42 dividend on an annualized basis and a dividend yield of 0.90%. Sherwin-Williams’s dividend payout ratio (DPR) is presently 26.86%.

Wall Street Analyst Weigh In

A number of analysts have issued reports on SHW shares. Loop Capital lifted their price target on Sherwin-Williams from $295.00 to $325.00 and gave the stock a “buy” rating in a report on Wednesday, July 26th. Evercore ISI upped their price target on Sherwin-Williams from $300.00 to $305.00 and gave the company an “outperform” rating in a report on Friday. Mizuho boosted their price objective on shares of Sherwin-Williams from $290.00 to $305.00 in a research report on Wednesday, July 26th. Jefferies Financial Group raised shares of Sherwin-Williams from a “hold” rating to a “buy” rating and increased their target price for the company from $240.00 to $275.00 in a research report on Wednesday, May 24th. Finally, Bank of America boosted their price target on shares of Sherwin-Williams from $270.00 to $300.00 and gave the company a “neutral” rating in a research report on Wednesday, July 26th. Five equities research analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the company. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $283.61.

Sherwin-Williams Company Profile

The Sherwin-Williams Company engages in the manufacture, distribution, and sale of paints, coating, and related products to professional, industrial, commercial, and retail customers. It operates through three segments: The Americas Group, Consumer Brands Group, and Performance Coatings Group. The Americas Group segment offers architectural paints and coatings, and protective and marine products, as well as OEM product finishes and related products for architectural and industrial paint contractors, and do-it-yourself homeowners.