Integrated Investment Consultants LLC Buys Shares of 12,159 The Sherwin-Williams Company (NYSE:SHW)

Key Points

• Integrated Investment Consultants LLC has acquired 12,159 shares of The Sherwin-Williams Company, valued at approximately $4.25 million, making it their 26th largest position in their portfolio.
• In their latest earnings report, Sherwin-Williams missed the consensus estimate with $3.38 EPS compared to an expected $3.76, despite reporting steady revenue of $6.31 billion.
• The company announced a quarterly dividend of $0.79, with a yield of 0.93%, to be paid on September 5th, indicating a payout ratio of 31.35%.

Integrated Investment Consultants LLC bought a new position in The Sherwin-Williams Company (NYSE:SHW - Free Report) during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm bought 12,159 shares of the specialty chemicals company's stock, valued at approximately $4,246,000. Sherwin-Williams accounts for about 0.6% of Integrated Investment Consultants LLC's investment portfolio, making the stock its 26th largest holding.

Several other hedge funds and other institutional investors also recently bought and sold shares of SHW. Brighton Jones LLC grew its stake in Sherwin-Williams by 73.6% during the 4th quarter. Brighton Jones LLC now owns 1,545 shares of the specialty chemicals company's stock worth $525,000 after buying an additional 655 shares during the last quarter. Modern Wealth Management LLC raised its position in shares of Sherwin-Williams by 70.5% in the 4th quarter. Modern Wealth Management LLC now owns 895 shares of the specialty chemicals company's stock valued at $322,000 after purchasing an additional 370 shares during the last quarter. JPMorgan Chase & Co. boosted its stake in Sherwin-Williams by 28.6% in the 4th quarter. JPMorgan Chase & Co. now owns 2,032,170 shares of the specialty chemicals company's stock worth $690,796,000 after purchasing an additional 451,505 shares in the last quarter. NEOS Investment Management LLC grew its position in Sherwin-Williams by 35.2% during the 4th quarter. NEOS Investment Management LLC now owns 13,536 shares of the specialty chemicals company's stock worth $4,601,000 after purchasing an additional 3,527 shares during the last quarter. Finally, Blair William & Co. IL increased its stake in Sherwin-Williams by 9.6% during the 4th quarter. Blair William & Co. IL now owns 42,662 shares of the specialty chemicals company's stock valued at $14,502,000 after purchasing an additional 3,740 shares in the last quarter. Institutional investors own 77.67% of the company's stock.

Sherwin-Williams Stock Performance

Shares of NYSE:SHW traded down $3.81 during trading hours on Monday, hitting $336.29. The stock had a trading volume of 1,919,302 shares, compared to its average volume of 1,703,293. The firm has a market capitalization of $84.27 billion, a price-to-earnings ratio of 33.36, a PEG ratio of 3.21 and a beta of 1.18. The stock's fifty day simple moving average is $348.16 and its 200 day simple moving average is $348.25. The Sherwin-Williams Company has a 1-year low of $308.84 and a 1-year high of $400.42. 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 announced 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 firm had revenue of $6.31 billion during the quarter, compared to analyst estimates of $6.31 billion. Sherwin-Williams had a net margin of 11.03% and a return on equity of 66.91%. The company's quarterly revenue was up .6% compared to the same quarter last year. During the same quarter last year, the company earned $3.70 EPS. Sell-side analysts anticipate that The Sherwin-Williams Company will post 12 earnings per share for the current fiscal year.

Sherwin-Williams Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, September 5th. Investors of record on Friday, August 15th will be given a dividend of $0.79 per share. This represents a $3.16 annualized dividend and a yield of 0.94%. The ex-dividend date is Friday, August 15th. Sherwin-Williams's payout ratio is 31.35%.

Wall Street Analyst Weigh In

Several equities analysts recently weighed in on the stock. Loop Capital cut their price target on shares of Sherwin-Williams from $395.00 to $380.00 and set a "buy" rating on the stock in a report on Wednesday, July 23rd. BMO Capital Markets lowered their target price on Sherwin-Williams from $405.00 to $391.00 and set an "outperform" rating on the stock in a research note on Wednesday, July 23rd. Royal Bank Of Canada boosted their price target on Sherwin-Williams from $410.00 to $420.00 and gave the company an "outperform" rating in a report on Thursday, May 1st. JPMorgan Chase & Co. decreased their target price on shares of Sherwin-Williams from $390.00 to $378.00 and set an "overweight" rating for the company in a research note on Wednesday, July 23rd. Finally, Citigroup dropped their price target on shares of Sherwin-Williams from $385.00 to $375.00 and set a "neutral" rating on the stock in a research report on Wednesday, July 23rd. One research analyst has rated the stock with a sell rating, six have issued a hold rating, ten have assigned a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus price target of $383.33.

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.