Sherwin-Williams Co (SHW) Holdings Reduced by Carnick & Kubik Group LLC
Carnick & Kubik Group LLC reduced its position in Sherwin-Williams Co (NYSE:SHW) by 4.4% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 2,746 shares of the specialty chemicals company’s stock after selling 126 shares during the quarter. Carnick & Kubik Group LLC’s holdings in Sherwin-Williams were worth $1,126,000 at the end of the most recent quarter.
Other hedge funds have also recently added to or reduced their stakes in the company. USA Mutuals Advisors Inc. bought a new position in Sherwin-Williams in the 4th quarter valued at about $106,000. Spectrum Management Group Inc. bought a new position in Sherwin-Williams in the 3rd quarter valued at about $162,000. Montag A & Associates Inc. bought a new stake in shares of Sherwin-Williams during the 3rd quarter valued at approximately $202,000. BTIM Corp. bought a new stake in shares of Sherwin-Williams during the 4th quarter valued at approximately $202,000. Finally, ZWJ Investment Counsel Inc. bought a new stake in shares of Sherwin-Williams during the 3rd quarter valued at approximately $204,000. 76.06% of the stock is currently owned by hedge funds and other institutional investors.
Several equities research analysts recently issued reports on the stock. Barclays reaffirmed a “hold” rating on shares of Sherwin-Williams in a report on Sunday, January 28th. Robert W. Baird reaffirmed a “buy” rating and set a $475.00 price target on shares of Sherwin-Williams in a report on Wednesday, January 10th. KeyCorp reaffirmed a “buy” rating and set a $500.00 price target (up from $465.00) on shares of Sherwin-Williams in a report on Monday, January 29th. They noted that the move was a valuation call. Royal Bank of Canada lifted their price target on shares of Sherwin-Williams to $485.00 and gave the company an “outperform” rating in a report on Monday, January 29th. Finally, Zacks Investment Research lowered shares of Sherwin-Williams from a “buy” rating to a “hold” rating in a report on Tuesday, January 2nd. One equities research analyst has rated the stock with a sell rating, eight have assigned a hold rating, fourteen have given a buy rating and one has assigned a strong buy rating to the stock. Sherwin-Williams presently has a consensus rating of “Buy” and a consensus price target of $436.20.
Shares of Sherwin-Williams Co (NYSE SHW) opened at $405.66 on Thursday. The company has a current ratio of 1.12, a quick ratio of 0.67 and a debt-to-equity ratio of 2.68. Sherwin-Williams Co has a 1 year low of $305.70 and a 1 year high of $435.15. The company has a market cap of $37,944.21, a P/E ratio of 28.00, a P/E/G ratio of 1.83 and a beta of 1.18.
Sherwin-Williams (NYSE:SHW) last posted its earnings results on Thursday, January 25th. The specialty chemicals company reported $2.95 EPS for the quarter, missing the consensus estimate of $3.18 by ($0.23). Sherwin-Williams had a return on equity of 50.59% and a net margin of 11.83%. The business had revenue of $3.98 billion for the quarter, compared to analyst estimates of $3.91 billion. During the same quarter in the prior year, the business earned $2.15 earnings per share. The firm’s quarterly revenue was up 43.0% on a year-over-year basis. analysts predict that Sherwin-Williams Co will post 19.1 earnings per share for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Friday, March 9th. Investors of record on Monday, February 26th will be given a dividend of $0.86 per share. This is an increase from Sherwin-Williams’s previous quarterly dividend of $0.85. This represents a $3.44 annualized dividend and a yield of 0.85%. Sherwin-Williams’s dividend payout ratio (DPR) is currently 18.27%.
Sherwin-Williams Company Profile
The Sherwin-Williams Company (Sherwin-Williams) is engaged in the development, manufacture, distribution and sale of paint, coatings and related products. The Company’s segments are Paint Stores Group, Consumer Group, Global Finishes Group, Latin America Coatings Group and Administrative. The Paint Stores Group markets and sells Sherwin-Williams branded architectural paint and coatings, protective and marine products, original equipment manufacturer (OEM) product finishes and related items.
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