The Sherwin-Williams Company (NYSE:SHW) is Raub Brock Capital Management LP’s 4th Largest Position

Raub Brock Capital Management LP decreased its position in The Sherwin-Williams Company (NYSE:SHW) by 8.3% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 61,509 shares of the specialty chemicals company’s stock after selling 5,532 shares during the period. Sherwin-Williams makes up approximately 4.5% of Raub Brock Capital Management LP’s holdings, making the stock its 4th biggest position. Raub Brock Capital Management LP’s holdings in Sherwin-Williams were worth $21,364,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. Norges Bank bought a new position in shares of Sherwin-Williams during the fourth quarter valued at $1,176,356,000. Alphinity Investment Management Pty Ltd purchased a new stake in shares of Sherwin-Williams during the 4th quarter valued at about $432,737,000. Capital World Investors grew its stake in shares of Sherwin-Williams by 38.9% in the fourth quarter. Capital World Investors now owns 3,840,789 shares of the specialty chemicals company’s stock worth $1,197,952,000 after acquiring an additional 1,075,351 shares during the period. International Assets Investment Management LLC raised its holdings in shares of Sherwin-Williams by 2,853.9% during the fourth quarter. International Assets Investment Management LLC now owns 650,186 shares of the specialty chemicals company’s stock valued at $202,793,000 after purchasing an additional 628,175 shares during the last quarter. Finally, Public Employees Retirement Association of Colorado grew its position in Sherwin-Williams by 8,986.8% in the 4th quarter. Public Employees Retirement Association of Colorado now owns 534,121 shares of the specialty chemicals company’s stock worth $166,592,000 after purchasing an additional 528,243 shares during the period. 77.67% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

SHW has been the topic of several research analyst reports. Citigroup lowered their price target on Sherwin-Williams from $390.00 to $370.00 and set a “buy” rating on the stock in a report on Thursday, April 25th. Robert W. Baird raised their target price on Sherwin-Williams from $300.00 to $310.00 and gave the stock a “neutral” rating in a research report on Wednesday, April 24th. JPMorgan Chase & Co. reduced their price target on shares of Sherwin-Williams from $317.00 to $315.00 and set an “overweight” rating for the company in a research report on Wednesday, April 24th. Royal Bank of Canada dropped their price objective on shares of Sherwin-Williams from $380.00 to $370.00 and set an “outperform” rating on the stock in a report on Thursday, April 25th. Finally, KeyCorp upgraded shares of Sherwin-Williams from a “sector weight” rating to an “overweight” rating and set a $400.00 price target on the stock in a research report on Thursday, April 25th. One research analyst has rated the stock with a sell rating, seven have given a hold rating and twelve have issued a buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $343.41.

Sherwin-Williams Stock Down 0.2 %

NYSE:SHW traded down $0.62 during mid-day trading on Tuesday, reaching $295.17. The company’s stock had a trading volume of 251,850 shares, compared to its average volume of 1,571,721. The company has a quick ratio of 0.46, a current ratio of 0.78 and a debt-to-equity ratio of 2.32. The Sherwin-Williams Company has a 1 year low of $232.06 and a 1 year high of $348.37. The stock has a fifty day moving average of $305.09 and a 200-day moving average of $313.51. The firm has a market capitalization of $74.84 billion, a PE ratio of 31.46, a price-to-earnings-growth ratio of 2.40 and a beta of 1.16.

Sherwin-Williams (NYSE:SHW) last released its quarterly earnings data on Tuesday, April 23rd. The specialty chemicals company reported $2.17 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.22 by ($0.05). The business had revenue of $5.37 billion for the quarter, compared to the consensus estimate of $5.50 billion. Sherwin-Williams had a net margin of 10.52% and a return on equity of 73.74%. Sherwin-Williams’s revenue for the quarter was down 1.4% on a year-over-year basis. During the same quarter in the prior year, the business posted $2.04 earnings per share. Equities research analysts forecast that The Sherwin-Williams Company will post 11.43 earnings per share for the current year.

Sherwin-Williams Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, June 7th. Shareholders of record on Friday, May 17th were paid a $0.715 dividend. The ex-dividend date of this dividend was Thursday, May 16th. This represents a $2.86 annualized dividend and a yield of 0.97%. 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.