Adams Diversified Equity Fund Inc. Invests $14.77 Million in The Sherwin-Williams Company (NYSE:SHW)

Adams Diversified Equity Fund Inc. acquired a new position in The Sherwin-Williams Company (NYSE:SHW - Free Report) during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor acquired 42,300 shares of the specialty chemicals company's stock, valued at approximately $14,771,000.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Mattern Capital Management LLC boosted its position in Sherwin-Williams by 0.6% during the 1st quarter. Mattern Capital Management LLC now owns 28,483 shares of the specialty chemicals company's stock valued at $9,946,000 after acquiring an additional 171 shares in the last quarter. Field & Main Bank boosted its position in Sherwin-Williams by 4.1% during the 1st quarter. Field & Main Bank now owns 1,792 shares of the specialty chemicals company's stock valued at $626,000 after acquiring an additional 71 shares in the last quarter. Strategic Investment Advisors MI bought a new stake in Sherwin-Williams during the 1st quarter valued at $267,000. Fourth Dimension Wealth LLC boosted its position in Sherwin-Williams by 26.7% during the 1st quarter. Fourth Dimension Wealth LLC now owns 261 shares of the specialty chemicals company's stock valued at $91,000 after acquiring an additional 55 shares in the last quarter. Finally, Invesco LLC boosted its position in Sherwin-Williams by 1.3% during the 1st quarter. Invesco LLC now owns 26,790 shares of the specialty chemicals company's stock valued at $9,355,000 after acquiring an additional 337 shares in the last quarter. Institutional investors own 77.67% of the company's stock.

Sherwin-Williams Stock Performance

Sherwin-Williams stock traded up $4.16 during trading hours on Friday, hitting $346.03. 1,366,828 shares of the stock traded hands, compared to its average volume of 1,719,379. The company has a debt-to-equity ratio of 1.90, a current ratio of 0.77 and a quick ratio of 0.45. The firm's 50 day moving average price is $349.22 and its 200-day moving average price is $348.46. The stock has a market capitalization of $86.72 billion, a price-to-earnings ratio of 32.71, a P/E/G ratio of 3.07 and a beta of 1.21. The Sherwin-Williams Company has a 1 year low of $292.33 and a 1 year high of $400.42.

Sherwin-Williams (NYSE:SHW - Get Free Report) last posted its quarterly earnings results on Tuesday, April 29th. The specialty chemicals company reported $2.25 earnings per share for the quarter, beating the consensus estimate of $2.23 by $0.02. The business had revenue of $5.31 billion for the quarter, compared to the consensus estimate of $5.42 billion. Sherwin-Williams had a return on equity of 71.86% and a net margin of 11.63%. The company's quarterly revenue was down 1.1% compared to the same quarter last year. During the same quarter in the previous year, the business earned $2.17 EPS. As a group, equities analysts expect that The Sherwin-Williams Company will post 12 EPS for the current fiscal year.

Sherwin-Williams Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, June 6th. Stockholders of record on Friday, May 16th were issued a $0.79 dividend. The ex-dividend date was Friday, May 16th. This represents a $3.16 annualized dividend and a dividend yield of 0.91%. Sherwin-Williams's dividend payout ratio (DPR) is presently 29.87%.

Wall Street Analyst Weigh In

Several brokerages have issued reports on SHW. Royal Bank Of Canada increased their target price on Sherwin-Williams from $410.00 to $420.00 and gave the company an "outperform" rating in a research report on Thursday, May 1st. Bank of America increased their target price on Sherwin-Williams from $289.00 to $296.00 and gave the company an "underperform" rating in a research report on Monday, June 23rd. Mizuho set a $395.00 target price on Sherwin-Williams in a research report on Tuesday, April 15th. Barclays dropped their target price on Sherwin-Williams from $385.00 to $355.00 and set an "equal weight" rating on the stock in a research report on Tuesday, April 1st. Finally, Wells Fargo & Company raised Sherwin-Williams from an "equal weight" rating to an "overweight" rating and raised their price objective for the stock from $350.00 to $420.00 in a research report on Wednesday, April 30th. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating, ten have given a buy rating and two have assigned a strong buy rating to the company. According to MarketBeat.com, Sherwin-Williams currently has a consensus rating of "Moderate Buy" and an average target price of $391.31.

About Sherwin-Williams

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.