The Sherwin-Williams Company (NYSE:SHW) Shares Sold by Bokf Na

Posted by Defense World Staff on Jun 12th, 2023

Bokf Na cut its stake in shares of The Sherwin-Williams Company (NYSE:SHW – Get Rating) by 56.0% in the fourth quarter, according to its most recent disclosure with the SEC. The firm owned 2,515 shares of the specialty chemicals company’s stock after selling 3,195 shares during the period. Bokf Na’s holdings in Sherwin-Williams were worth $597,000 at the end of the most recent quarter.

Other large investors also recently added to or reduced their stakes in the company. MADDEN SECURITIES Corp acquired a new stake in shares of Sherwin-Williams in the fourth quarter valued at about $26,000. RFP Financial Group LLC acquired a new stake in Sherwin-Williams during the fourth quarter worth about $26,000. Mitsubishi UFJ Morgan Stanley Securities Co. Ltd. acquired a new stake in Sherwin-Williams during the fourth quarter worth about $28,000. Standard Family Office LLC acquired a new stake in Sherwin-Williams during the third quarter worth about $26,000. Finally, Capital Directions Investment Advisors LLC acquired a new stake in Sherwin-Williams during the fourth quarter worth about $31,000. 76.03% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

SHW has been the subject of several recent analyst reports. Jefferies Financial Group upgraded shares of Sherwin-Williams from a “hold” rating to a “buy” rating and raised their price objective for the stock from $240.00 to $275.00 in a research report on Wednesday, May 24th. Deutsche Bank Aktiengesellschaft raised their price objective on shares of Sherwin-Williams from $260.00 to $265.00 in a research report on Thursday, April 27th. Barclays increased their target price on shares of Sherwin-Williams from $220.00 to $240.00 in a research note on Thursday, April 27th. Mizuho increased their target price on shares of Sherwin-Williams from $263.00 to $268.00 in a research note on Wednesday, April 26th. Finally, BMO Capital Markets increased their target price on shares of Sherwin-Williams from $253.00 to $269.00 in a research note on Monday. Seven analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $259.58.

Sherwin-Williams Stock Up 0.6 %

NYSE:SHW traded up $1.33 during mid-day trading on Monday, hitting $242.09. The stock had a trading volume of 296,701 shares, compared to its average volume of 1,509,746. The stock has a 50-day simple moving average of $230.68 and a two-hundred day simple moving average of $233.04. The company has a market capitalization of $62.43 billion, a PE ratio of 29.57, a PEG ratio of 2.52 and a beta of 1.07. The Sherwin-Williams Company has a twelve month low of $195.24 and a twelve month high of $265.64. The company has a current ratio of 1.00, a quick ratio of 0.57 and a debt-to-equity ratio of 3.03.

Sherwin-Williams (NYSE:SHW – Get Rating) last issued its earnings results on Tuesday, April 25th. The specialty chemicals company reported $2.04 earnings per share for the quarter, beating the consensus estimate of $1.84 by $0.20. The firm had revenue of $5.44 billion for the quarter, compared to analysts’ expectations of $5.14 billion. Sherwin-Williams had a net margin of 9.41% and a return on equity of 86.29%. The firm’s revenue was up 8.9% compared to the same quarter last year. During the same quarter last year, the company earned $1.61 earnings per share. On average, equities research analysts anticipate that The Sherwin-Williams Company will post 8.7 EPS for the current year.

Sherwin-Williams Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, June 2nd. Stockholders of record on Friday, May 19th were issued a $0.605 dividend. The ex-dividend date was Thursday, May 18th. This represents a $2.42 dividend on an annualized basis and a dividend yield of 1.00%. Sherwin-Williams’s payout ratio is 29.69%.

Sherwin-Williams Company Profile

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The Sherwin-Williams Co engages in the development, manufacture, distribution, and sale of paint and coatings. It operates through the following segments: America Group, Consumer Brands Group, and Performance Coating Group. The America Group segment manages the exclusive outlets for Sherwin-Williams branded paints, stains, supplies, equipment, and floor coverings.