Praxis Investment Management Inc. Acquires Shares of 1,490 The Sherwin-Williams Company (NYSE:SHW)

Praxis Investment Management Inc. 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 SEC. The firm bought 1,490 shares of the specialty chemicals company's stock, valued at approximately $520,000.

Several other hedge funds have also added to or reduced their stakes in the business. Brighton Jones LLC lifted its position in Sherwin-Williams by 73.6% in the fourth quarter. Brighton Jones LLC now owns 1,545 shares of the specialty chemicals company's stock valued at $525,000 after purchasing an additional 655 shares during the last quarter. Sigma Planning Corp increased its stake in shares of Sherwin-Williams by 5.6% in the fourth quarter. Sigma Planning Corp now owns 2,044 shares of the specialty chemicals company's stock worth $695,000 after buying an additional 108 shares during the period. ST. Nicholas Private Asset Management Inc. purchased a new position in shares of Sherwin-Williams in the fourth quarter worth $839,000. Howard Capital Management Inc. raised its holdings in Sherwin-Williams by 4.3% during the 4th quarter. Howard Capital Management Inc. now owns 1,489 shares of the specialty chemicals company's stock valued at $506,000 after buying an additional 62 shares during the last quarter. Finally, Forvis Mazars Wealth Advisors LLC raised its holdings in Sherwin-Williams by 4.3% during the 4th quarter. Forvis Mazars Wealth Advisors LLC now owns 4,084 shares of the specialty chemicals company's stock valued at $1,388,000 after buying an additional 169 shares during the last quarter. 77.67% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of equities analysts have issued reports on SHW shares. Morgan Stanley decreased their price objective on shares of Sherwin-Williams from $405.00 to $385.00 and set an "overweight" rating on the stock in a research report on Tuesday, April 22nd. Royal Bank Of Canada raised their target price on Sherwin-Williams from $410.00 to $420.00 and gave the stock an "outperform" rating in a research note on Thursday, May 1st. Citigroup downgraded Sherwin-Williams from a "buy" rating to a "neutral" rating and reduced their price target for the company from $405.00 to $385.00 in a report on Friday, June 13th. Wells Fargo & Company upgraded Sherwin-Williams from an "equal weight" rating to an "overweight" rating and increased their price objective for the stock from $350.00 to $420.00 in a report on Wednesday, April 30th. Finally, Jefferies Financial Group reiterated a "hold" rating and issued a $380.00 price objective (down from $423.00) on shares of Sherwin-Williams in a research report on Monday, March 10th. One analyst has rated the stock with a sell rating, six have issued a hold rating, ten have given a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average target price of $391.31.

Sherwin-Williams Stock Down 0.4%

Shares of Sherwin-Williams stock traded down $1.47 during trading on Thursday, hitting $342.15. The company's stock had a trading volume of 1,724,292 shares, compared to its average volume of 1,718,444. The Sherwin-Williams Company has a 52 week low of $292.33 and a 52 week high of $400.42. The company has a market capitalization of $85.74 billion, a PE ratio of 32.34, a P/E/G ratio of 3.09 and a beta of 1.21. The company has a fifty day simple moving average of $348.96 and a two-hundred day simple moving average of $348.63. The company has a debt-to-equity ratio of 1.90, a quick ratio of 0.45 and a current ratio of 0.77.

Sherwin-Williams (NYSE:SHW - Get Free Report) last announced its earnings results on Tuesday, April 29th. The specialty chemicals company reported $2.25 earnings per share for the quarter, beating analysts' consensus estimates of $2.23 by $0.02. Sherwin-Williams had a net margin of 11.63% and a return on equity of 71.86%. The business had revenue of $5.31 billion during the quarter, compared to the consensus estimate of $5.42 billion. During the same quarter last year, the firm earned $2.17 earnings per share. The business's revenue for the quarter was down 1.1% on a year-over-year basis. Equities research analysts predict that The Sherwin-Williams Company will post 12 earnings per share for the current year.

Sherwin-Williams Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, June 6th. Shareholders of record on Friday, May 16th were paid a dividend of $0.79 per share. This represents a $3.16 dividend on an annualized basis and a yield of 0.92%. The ex-dividend date was Friday, May 16th. Sherwin-Williams's payout ratio is 29.87%.

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.