World Equity Group Inc. Has $212,000 Stock Holdings in The Sherwin-Williams Company (NYSE:SHW)

World Equity Group Inc. trimmed its position in shares of The Sherwin-Williams Company (NYSE:SHW) by 61.0% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 711 shares of the specialty chemicals company’s stock after selling 1,111 shares during the quarter. World Equity Group Inc.’s holdings in Sherwin-Williams were worth $212,000 as of its most recent SEC filing.

Other hedge funds have also recently made changes to their positions in the company. First United Bank & Trust acquired a new stake in shares of Sherwin-Williams during the fourth quarter valued at about $31,000. Tortoise Investment Management LLC raised 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 acquiring an additional 65 shares during the last quarter. Wetzel Investment Advisors Inc. bought a new position in shares of Sherwin-Williams during the fourth quarter worth about $36,000. Northwest Investment Counselors LLC bought a new position in shares of Sherwin-Williams during the first quarter worth about $47,000. Finally, Rise Advisors LLC raised its position in shares of Sherwin-Williams by 1,154.5% during the first quarter. Rise Advisors LLC now owns 138 shares of the specialty chemicals company’s stock worth $48,000 after acquiring an additional 127 shares during the last quarter. 77.67% of the stock is owned by institutional investors and hedge funds.

Sherwin-Williams Stock Performance

Shares of SHW traded down $1.35 during mid-day trading on Friday, hitting $354.40. The stock had a trading volume of 1,023,717 shares, compared to its average volume of 1,989,448. The firm has a market cap of $89.40 billion, a P/E ratio of 37.78, a PEG ratio of 2.77 and a beta of 1.16. The business has a fifty day moving average price of $320.52 and a 200-day moving average price of $319.56. The company has a debt-to-equity ratio of 2.17, a current ratio of 0.81 and a quick ratio of 0.50. The Sherwin-Williams Company has a 52 week low of $232.06 and a 52 week high of $357.64.

Sherwin-Williams (NYSE:SHW) last issued its earnings results on Tuesday, July 23rd. The specialty chemicals company reported $3.70 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.51 by $0.19. The firm had revenue of $6.27 billion for the quarter, compared to analyst estimates of $6.33 billion. Sherwin-Williams had a return on equity of 75.58% and a net margin of 10.92%. The business’s revenue was up .5% on a year-over-year basis. During the same period in the previous year, the company posted $3.29 earnings per share. On average, equities research analysts expect that The Sherwin-Williams Company will post 11.44 EPS for the current year.

Sherwin-Williams Announces Dividend

The business 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 dividend of $0.715 per share. The ex-dividend date of this dividend is Friday, August 16th. This represents a $2.86 dividend on an annualized basis and a dividend yield of 0.81%. Sherwin-Williams’s payout ratio is 30.49%.

Analysts Set New Price Targets

A number of equities analysts have recently issued reports on the company. Robert W. Baird raised their price objective on Sherwin-Williams from $310.00 to $325.00 and gave the stock a “neutral” rating in a research report on Wednesday, July 24th. Redburn Atlantic upgraded Sherwin-Williams to a “strong-buy” rating in a report on Thursday, July 18th. Royal Bank of Canada lifted their target price on Sherwin-Williams from $370.00 to $418.00 and gave the stock an “outperform” rating in a report on Wednesday, July 24th. The Goldman Sachs Group lifted their target price on Sherwin-Williams from $344.00 to $390.00 and gave the stock a “buy” rating in a report on Wednesday, July 24th. Finally, Loop Capital lowered their target price on Sherwin-Williams from $395.00 to $380.00 and set a “buy” rating for the company in a report on Wednesday, April 24th. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating, thirteen have issued a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $355.00.

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.