InterOcean Capital Group LLC Reduces Holdings in The Sherwin-Williams Company (NYSE:SHW)

InterOcean Capital Group LLC trimmed its position in shares of The Sherwin-Williams Company (NYSE:SHW) by 19.9% in the 1st quarter, Holdings Channel reports. The institutional investor owned 870 shares of the specialty chemicals company’s stock after selling 216 shares during the quarter. InterOcean Capital Group LLC’s holdings in Sherwin-Williams were worth $302,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently bought and sold shares of the company. First United Bank & Trust bought a new stake in shares of Sherwin-Williams during the fourth quarter worth $31,000. Tortoise Investment Management LLC lifted its position in shares of Sherwin-Williams by 158.5% during the fourth quarter. Tortoise Investment Management LLC now owns 106 shares of the specialty chemicals company’s stock worth $33,000 after purchasing an additional 65 shares during the last quarter. McGlone Suttner Wealth Management Inc. bought a new stake in shares of Sherwin-Williams during the fourth quarter worth $35,000. Wetzel Investment Advisors Inc. bought a new stake in shares of Sherwin-Williams during the fourth quarter worth $36,000. Finally, Friedenthal Financial bought a new stake in shares of Sherwin-Williams during the fourth quarter worth $46,000. 77.67% of the stock is owned by hedge funds and other institutional investors.

Sherwin-Williams Price Performance

Shares of SHW stock traded up $10.93 during trading hours on Thursday, hitting $342.95. 2,536,089 shares of the company’s stock were exchanged, compared to its average volume of 1,619,860. 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 firm has a market cap of $86.95 billion, a P/E ratio of 35.40, a P/E/G ratio of 2.93 and a beta of 1.16. The firm has a 50 day moving average of $305.94 and a two-hundred day moving average of $314.19. The Sherwin-Williams Company has a fifty-two week low of $232.06 and a fifty-two week high of $348.37.

Sherwin-Williams (NYSE:SHW) last posted its quarterly earnings data on Tuesday, July 23rd. The specialty chemicals company reported $3.70 EPS for the quarter, beating the consensus estimate of $3.51 by $0.19. Sherwin-Williams had a return on equity of 76.02% and a net margin of 10.92%. The firm had revenue of $6.27 billion during the quarter, compared to the consensus estimate of $6.33 billion. During the same period in the prior year, the company earned $3.29 EPS. The firm’s revenue was up .5% compared to the same quarter last year. Sell-side analysts forecast that The Sherwin-Williams Company will post 11.23 EPS for the current year.

Sherwin-Williams Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, September 6th. Investors of record on Friday, August 16th will be paid a $0.715 dividend. This represents a $2.86 annualized dividend and a yield of 0.83%. The ex-dividend date of this dividend is Friday, August 16th. Sherwin-Williams’s dividend payout ratio is currently 30.49%.

Wall Street Analyst Weigh In

SHW has been the subject of several recent research reports. Redburn Atlantic upgraded Sherwin-Williams to a “strong-buy” rating in a report on Thursday, July 18th. Evercore ISI lifted their price objective on Sherwin-Williams from $360.00 to $365.00 and gave the company an “outperform” rating in a report on Wednesday. Wells Fargo & Company boosted their target price on shares of Sherwin-Williams from $320.00 to $350.00 and gave the stock an “equal weight” rating in a report on Wednesday. UBS Group reduced their target price on shares of Sherwin-Williams from $385.00 to $355.00 and set a “buy” rating for the company in a report on Tuesday, July 9th. Finally, Citigroup reduced their target price on shares of Sherwin-Williams from $390.00 to $370.00 and set a “buy” rating for the company in a report on Thursday, April 25th. One analyst has rated the stock with a sell rating, seven have assigned a hold rating, thirteen have given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $355.00.

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.