The Sherwin-Williams Company (NYSE:SHW) Shares Bought by UNIVEST FINANCIAL Corp

by · The Cerbat Gem

UNIVEST FINANCIAL Corp grew its holdings in shares of The Sherwin-Williams Company (NYSE:SHW – Free Report) by 0.6% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 34,532 shares of the specialty chemicals company’s stock after buying an additional 208 shares during the quarter. Sherwin-Williams accounts for about 0.8% of UNIVEST FINANCIAL Corp’s investment portfolio, making the stock its 28th largest holding. UNIVEST FINANCIAL Corp’s holdings in Sherwin-Williams were worth $12,058,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also made changes to their positions in the stock. Park Square Financial Group LLC acquired a new stake in shares of Sherwin-Williams in the 4th quarter valued at about $27,000. Perkins Coie Trust Co bought a new stake in Sherwin-Williams in the first quarter valued at about $27,000. Synergy Investment Management LLC increased its holdings in Sherwin-Williams by 583.3% in the first quarter. Synergy Investment Management LLC now owns 82 shares of the specialty chemicals company’s stock valued at $29,000 after buying an additional 70 shares during the last quarter. Barnes Dennig Private Wealth Management LLC acquired a new stake in Sherwin-Williams during the first quarter valued at approximately $30,000. Finally, HWG Holdings LP acquired a new position in shares of Sherwin-Williams in the 1st quarter worth approximately $46,000. Institutional investors and hedge funds own 77.67% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts recently issued reports on SHW shares. Morgan Stanley dropped their price target on Sherwin-Williams from $405.00 to $385.00 and set an “overweight” rating on the stock in a research report on Tuesday, April 22nd. Citigroup dropped their target price on shares of Sherwin-Williams from $385.00 to $375.00 and set a “neutral” rating on the stock in a report on Wednesday, July 23rd. Royal Bank Of Canada lifted their price target on shares of Sherwin-Williams from $410.00 to $420.00 and gave the company an “outperform” rating in a report on Thursday, May 1st. Bank of America increased their price objective on shares of Sherwin-Williams from $289.00 to $296.00 and gave the stock an “underperform” rating in a research note on Monday, June 23rd. Finally, JPMorgan Chase & Co. decreased their target price on Sherwin-Williams from $390.00 to $378.00 and set an “overweight” rating for the company in a research note on Wednesday, July 23rd. One analyst has rated the stock with a sell rating, six have issued a hold rating, ten have given a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $383.33.

Get Our Latest Stock Report on Sherwin-Williams

Sherwin-Williams Trading Down 0.3%

Shares of SHW stock opened at $330.82 on Friday. The Sherwin-Williams Company has a 1 year low of $308.84 and a 1 year high of $400.42. The firm has a market capitalization of $82.48 billion, a PE ratio of 32.82, a price-to-earnings-growth ratio of 3.14 and a beta of 1.18. The stock has a fifty day moving average of $346.33 and a two-hundred day moving average of $348.07. The company has a debt-to-equity ratio of 1.78, a quick ratio of 0.48 and a current ratio of 0.78.

Sherwin-Williams (NYSE:SHW – Get Free Report) last posted its quarterly earnings data on Tuesday, July 22nd. The specialty chemicals company reported $3.38 earnings per share for the quarter, missing the consensus estimate of $3.76 by ($0.38). The company had revenue of $6.31 billion during the quarter, compared to analyst estimates of $6.31 billion. Sherwin-Williams had a return on equity of 66.91% and a net margin of 11.03%. The business’s revenue for the quarter was up .6% compared to the same quarter last year. During the same period in the previous year, the company earned $3.70 EPS. As a group, research analysts expect that The Sherwin-Williams Company will post 12 EPS for the current year.

Sherwin-Williams Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, September 5th. Investors of record on Friday, August 15th will be paid a dividend of $0.79 per share. This represents a $3.16 dividend on an annualized basis and a dividend yield of 1.0%. The ex-dividend date is Friday, August 15th. Sherwin-Williams’s dividend payout ratio (DPR) is currently 31.35%.

Sherwin-Williams Profile

(Free Report)

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.

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