815 Shares in The Sherwin-Williams Company (NYSE:SHW) Acquired by Advisor Resource Council

Advisor Resource Council purchased a new position in shares of The Sherwin-Williams Company (NYSE:SHW - Free Report) in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund purchased 815 shares of the specialty chemicals company's stock, valued at approximately $281,000.

Several other institutional investors and hedge funds have also made changes to their positions in the business. Coppell Advisory Solutions LLC lifted its stake in Sherwin-Williams by 2.7% during the fourth quarter. Coppell Advisory Solutions LLC now owns 1,146 shares of the specialty chemicals company's stock worth $388,000 after purchasing an additional 30 shares during the last quarter. Opal Wealth Advisors LLC raised its holdings in Sherwin-Williams by 4.2% during the first quarter. Opal Wealth Advisors LLC now owns 791 shares of the specialty chemicals company's stock worth $276,000 after purchasing an additional 32 shares in the last quarter. 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 worth $757,000 after buying an additional 34 shares during the last quarter. WR Wealth Planners LLC boosted its holdings in shares of Sherwin-Williams by 41.7% in the 4th quarter. WR Wealth Planners LLC now owns 119 shares of the specialty chemicals company's stock valued at $40,000 after buying an additional 35 shares in the last quarter. Finally, Avantax Planning Partners Inc. boosted its holdings in shares of Sherwin-Williams by 2.4% in the 4th quarter. Avantax Planning Partners Inc. now owns 1,515 shares of the specialty chemicals company's stock valued at $515,000 after buying an additional 35 shares in the last quarter. 77.67% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several brokerages recently commented on SHW. Morgan Stanley cut their price target on shares of Sherwin-Williams from $405.00 to $385.00 and set an "overweight" rating on the stock in a research note on Tuesday, April 22nd. Wells Fargo & Company upgraded Sherwin-Williams from an "equal weight" rating to an "overweight" rating and lifted their target price for the stock from $350.00 to $420.00 in a research report on Wednesday, April 30th. Jefferies Financial Group reissued a "hold" rating and issued a $380.00 target price (down from $423.00) on shares of Sherwin-Williams in a research report on Monday, March 10th. Barclays cut their price target 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, Citigroup cut shares of Sherwin-Williams from a "buy" rating to a "neutral" rating and reduced their target price for the company from $405.00 to $385.00 in a report on Friday, June 13th. One analyst has rated the stock with a sell rating, six have given a hold rating, ten have issued a buy rating and two have given a strong buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $391.31.

Sherwin-Williams Price Performance

Shares of NYSE SHW traded up $4.16 on Friday, hitting $346.03. The company's stock had a trading volume of 1,366,825 shares, compared to its average volume of 1,717,043. 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 stock has a 50 day moving average of $348.96 and a 200-day moving average of $348.63. The Sherwin-Williams Company has a 12-month low of $292.33 and a 12-month high of $400.42. The company has a market capitalization of $86.72 billion, a price-to-earnings ratio of 32.71, a price-to-earnings-growth ratio of 3.09 and a beta of 1.21.

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

Sherwin-Williams Dividend Announcement

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

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.