Advisor Resource Council Takes $281,000 Position in The Sherwin-Williams Company (NYSE:SHW)

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

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Midwest Capital Advisors LLC acquired a new stake in shares of Sherwin-Williams during the 4th quarter worth approximately $26,000. Perkins Coie Trust Co bought a new position in Sherwin-Williams in the first quarter valued at approximately $27,000. Park Square Financial Group LLC acquired a new stake in Sherwin-Williams during the 4th quarter worth $27,000. Lee Danner & Bass Inc. bought a new stake in shares of Sherwin-Williams during the 4th quarter valued at $28,000. Finally, WR Wealth Planners LLC lifted its stake 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 purchasing an additional 35 shares during the period. 77.67% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of equities research analysts recently commented on the company. Mizuho set a $395.00 price objective on Sherwin-Williams in a report on Tuesday, April 15th. Citigroup cut Sherwin-Williams from a "buy" rating to a "neutral" rating and lowered their price target for the company from $405.00 to $385.00 in a research note on Friday, June 13th. Jefferies Financial Group reiterated a "hold" rating and issued a $380.00 price target (down from $423.00) on shares of Sherwin-Williams in a research report on Monday, March 10th. Morgan Stanley decreased their price objective on shares of Sherwin-Williams from $405.00 to $385.00 and set an "overweight" rating for the company in a report on Tuesday, April 22nd. Finally, Wells Fargo & Company upgraded shares of Sherwin-Williams from an "equal weight" rating to an "overweight" rating and increased their target price for the stock from $350.00 to $420.00 in a report on Wednesday, April 30th. One analyst has rated the stock with a sell rating, six have assigned a hold rating, ten have assigned a buy rating and two have assigned a strong buy rating to the stock. According to data from MarketBeat.com, Sherwin-Williams presently has a consensus rating of "Moderate Buy" and an average price target of $391.31.

Sherwin-Williams Stock Up 0.6%

Shares of SHW stock traded up $2.03 on Tuesday, hitting $345.80. 1,584,065 shares of the stock were exchanged, compared to its average volume of 1,724,793. The company has a current ratio of 0.77, a quick ratio of 0.45 and a debt-to-equity ratio of 1.90. The firm has a market capitalization of $86.66 billion, a P/E ratio of 32.68, a price-to-earnings-growth ratio of 3.12 and a beta of 1.21. The Sherwin-Williams Company has a fifty-two week low of $292.27 and a fifty-two week high of $400.42. The business has a 50-day moving average of $348.54 and a 200 day moving average of $348.90.

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

Sherwin-Williams Dividend Announcement

The firm also recently declared 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 annualized dividend and a yield of 0.91%. Sherwin-Williams's dividend payout ratio (DPR) is presently 29.87%.

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.