Sfm LLC Makes New Investment in The Sherwin-Williams Company (NYSE:SHW)

SFM LLC acquired a new stake in The Sherwin-Williams Company (NYSE:SHW - Free Report) during the first quarter, according to its most recent disclosure with the SEC. The institutional investor acquired 4,262 shares of the specialty chemicals company's stock, valued at approximately $1,488,000. Sherwin-Williams comprises about 1.1% of SFM LLC's investment portfolio, making the stock its 25th biggest position.

Other institutional investors also recently modified their holdings of the company. Legacy Capital Wealth Partners LLC lifted its position in shares of Sherwin-Williams by 2.9% during the 4th quarter. Legacy Capital Wealth Partners LLC now owns 1,028 shares of the specialty chemicals company's stock valued at $350,000 after acquiring an additional 29 shares during the period. Coppell Advisory Solutions LLC lifted its position in shares of Sherwin-Williams by 2.7% during the 4th quarter. Coppell Advisory Solutions LLC now owns 1,146 shares of the specialty chemicals company's stock valued at $388,000 after acquiring an additional 30 shares during the period. Opal Wealth Advisors LLC lifted its position in shares of Sherwin-Williams by 4.2% during the 1st quarter. Opal Wealth Advisors LLC now owns 791 shares of the specialty chemicals company's stock valued at $276,000 after acquiring an additional 32 shares during the period. Ashton Thomas Securities LLC lifted its position in shares of Sherwin-Williams by 1.5% during the 4th quarter. Ashton Thomas Securities LLC now owns 2,228 shares of the specialty chemicals company's stock valued at $757,000 after acquiring an additional 34 shares during the period. Finally, WR Wealth Planners LLC lifted its position in shares of Sherwin-Williams by 41.7% during the 4th quarter. WR Wealth Planners LLC now owns 119 shares of the specialty chemicals company's stock valued at $40,000 after acquiring an additional 35 shares during the period. 77.67% of the stock is owned by institutional investors.

Sherwin-Williams Stock Performance

SHW traded down $20.27 during trading on Friday, hitting $335.93. 2,793,639 shares of the company traded hands, compared to its average volume of 1,725,958. The firm has a market cap of $84.18 billion, a P/E ratio of 31.84, a price-to-earnings-growth ratio of 2.98 and a beta of 1.21. The stock's fifty day moving average is $348.16 and its 200 day moving average is $351.64. The company has a quick ratio of 0.46, a current ratio of 0.79 and a debt-to-equity ratio of 2.02. The Sherwin-Williams Company has a one year low of $292.27 and a one 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 company had revenue of $5.31 billion during the quarter, compared to analyst estimates of $5.42 billion. Sherwin-Williams had a net margin of 11.61% and a return on equity of 74.50%. The firm's revenue for the quarter was down 1.1% on a year-over-year basis. During the same quarter in the prior year, the business earned $2.17 earnings per share. As a group, equities analysts predict that The Sherwin-Williams Company will post 12 EPS for the current fiscal year.

Sherwin-Williams Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, June 6th. Shareholders of record on Friday, May 16th were given a dividend of $0.79 per share. The ex-dividend date of this dividend was Friday, May 16th. This represents a $3.16 dividend on an annualized basis and a yield of 0.94%. Sherwin-Williams's dividend payout ratio is presently 29.87%.

Analysts Set New Price Targets

SHW has been the topic of a number of research reports. Mizuho set a $395.00 target price on shares of Sherwin-Williams in a research report on Tuesday, April 15th. Barclays lowered their price objective on shares of Sherwin-Williams from $385.00 to $355.00 and set an "equal weight" rating on the stock in a report on Tuesday, April 1st. Jefferies Financial Group restated a "hold" rating and set a $380.00 price objective (down previously from $423.00) on shares of Sherwin-Williams in a report on Monday, March 10th. UBS Group lowered their price objective on shares of Sherwin-Williams from $430.00 to $400.00 and set a "buy" rating on the stock in a report on Monday, April 7th. Finally, Wells Fargo & Company upgraded shares of Sherwin-Williams from an "equal weight" rating to an "overweight" rating and upped their price objective for the stock from $350.00 to $420.00 in a report on Wednesday, April 30th. Six investment analysts have rated the stock with a hold rating, ten have given a buy rating and two have given a strong buy rating to the company's stock. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average target price of $397.67.

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.