Banque Cantonale Vaudoise Purchases New Position in The Sherwin-Williams Company (NYSE:SHW)

Banque Cantonale Vaudoise bought a new position in The Sherwin-Williams Company (NYSE:SHW) in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund bought 914 shares of the specialty chemicals company’s stock, valued at approximately $273,000.

Other institutional investors also recently modified their holdings of the company. Mitsubishi UFJ Asset Management Co. Ltd. raised its stake in shares of Sherwin-Williams by 5.7% in the fourth quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 261,178 shares of the specialty chemicals company’s stock worth $77,510,000 after acquiring an additional 13,984 shares during the last quarter. Waterloo Capital L.P. bought a new position in shares of Sherwin-Williams in the fourth quarter worth about $360,000. Valeo Financial Advisors LLC raised its stake in shares of Sherwin-Williams by 7.9% in the second quarter. Valeo Financial Advisors LLC now owns 2,636 shares of the specialty chemicals company’s stock worth $787,000 after acquiring an additional 193 shares during the last quarter. Massmutual Trust Co. FSB ADV raised its stake in shares of Sherwin-Williams by 7.2% in the first quarter. Massmutual Trust Co. FSB ADV now owns 1,533 shares of the specialty chemicals company’s stock worth $532,000 after acquiring an additional 103 shares during the last quarter. Finally, Brevan Howard Capital Management LP raised its stake in shares of Sherwin-Williams by 259.1% in the fourth quarter. Brevan Howard Capital Management LP now owns 6,998 shares of the specialty chemicals company’s stock worth $2,183,000 after acquiring an additional 5,049 shares during the last quarter. 77.67% of the stock is owned by institutional investors.

Sherwin-Williams Price Performance

SHW stock opened at $369.37 on Tuesday. The stock has a 50-day moving average price of $334.01 and a two-hundred day moving average price of $323.61. The stock has a market cap of $93.65 billion, a PE ratio of 39.38, a price-to-earnings-growth ratio of 2.90 and a beta of 1.16. The company has a current ratio of 0.81, a quick ratio of 0.50 and a debt-to-equity ratio of 2.17. The Sherwin-Williams Company has a 1 year low of $232.06 and a 1 year high of $370.27.

Sherwin-Williams (NYSE:SHW) last issued its quarterly earnings results on Tuesday, July 23rd. The specialty chemicals company reported $3.70 EPS for the quarter, topping the consensus estimate of $3.51 by $0.19. The firm had revenue of $6.27 billion for 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 company’s revenue for the quarter was up .5% on a year-over-year basis. During the same period in the previous year, the firm posted $3.29 EPS. Equities analysts forecast that The Sherwin-Williams Company will post 11.47 EPS for the current fiscal year.

Sherwin-Williams Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, September 6th. Shareholders of record on Friday, August 16th will be given a dividend of $0.715 per share. This represents a $2.86 annualized dividend and a dividend yield of 0.77%. The ex-dividend date is Friday, August 16th. Sherwin-Williams’s dividend payout ratio (DPR) is 30.49%.

Analyst Ratings Changes

Several equities research analysts have recently commented on SHW shares. KeyCorp lifted their price target on shares of Sherwin-Williams from $400.00 to $410.00 and gave the stock an “overweight” rating in a research report on Wednesday, July 24th. Royal Bank of Canada reiterated an “outperform” rating and set a $418.00 price target on shares of Sherwin-Williams in a research report on Friday. Barclays raised their price target on Sherwin-Williams from $315.00 to $355.00 and gave the stock an “equal weight” rating in a research report on Wednesday, July 24th. Redburn Atlantic upgraded Sherwin-Williams to a “strong-buy” rating in a report on Thursday, July 18th. Finally, Evercore ISI increased their target price on Sherwin-Williams from $365.00 to $380.00 and gave the company an “outperform” rating in a research note on Friday. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating, fourteen have assigned a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $361.95.

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.