AE Wealth Management LLC Buys 759 Shares of The Sherwin-Williams Company (NYSE:SHW)

Key Points

• AE Wealth Management LLC increased its stake in The Sherwin-Williams Company by 9.8% during the first quarter, bringing its total shares to 8,472 valued at approximately $2.96 million.
• Analysts have varied views on Sherwin-Williams, with Citigroup and Loop Capital lowering their price targets while Bank of America and Royal Bank Of Canada raised theirs, resulting in a consensus rating of "Moderate Buy".
• Sherwin-Williams recently announced a quarterly dividend of $0.79 per share, representing an annual yield of 0.93%, with shareholders set to receive it on September 5th.

AE Wealth Management LLC raised its holdings in shares of The Sherwin-Williams Company (NYSE:SHW - Free Report) by 9.8% in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 8,472 shares of the specialty chemicals company's stock after buying an additional 759 shares during the quarter. AE Wealth Management LLC's holdings in Sherwin-Williams were worth $2,959,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also made changes to their positions in the stock. Voleon Capital Management LP acquired a new stake in Sherwin-Williams in the fourth quarter valued at $2,011,000. Kingswood Wealth Advisors LLC grew its holdings in shares of Sherwin-Williams by 25.0% during the first quarter. Kingswood Wealth Advisors LLC now owns 1,006 shares of the specialty chemicals company's stock worth $352,000 after buying an additional 201 shares during the last quarter. Sowell Financial Services LLC acquired a new position in shares of Sherwin-Williams in the first quarter valued at approximately $306,000. Wealthcare Advisory Partners LLC lifted its stake in shares of Sherwin-Williams by 18.4% in the 1st quarter. Wealthcare Advisory Partners LLC now owns 882 shares of the specialty chemicals company's stock worth $308,000 after acquiring an additional 137 shares during the period. Finally, GAMMA Investing LLC boosted its holdings in Sherwin-Williams by 19.8% in the 1st quarter. GAMMA Investing LLC now owns 4,686 shares of the specialty chemicals company's stock valued at $1,636,000 after purchasing an additional 773 shares in the last quarter. 77.67% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several research firms have recently issued reports on SHW. Barclays cut their price target on Sherwin-Williams from $385.00 to $355.00 and set an "equal weight" rating for the company in a research note on Tuesday, April 1st. Mizuho dropped their price target on shares of Sherwin-Williams from $400.00 to $385.00 and set an "outperform" rating for the company in a research report on Wednesday, July 23rd. BMO Capital Markets decreased their target price on Sherwin-Williams from $405.00 to $391.00 and set an "outperform" rating for the company in a report on Wednesday, July 23rd. Morgan Stanley reduced their price target on Sherwin-Williams from $405.00 to $385.00 and set an "overweight" rating on the stock in a research report on Tuesday, April 22nd. Finally, JPMorgan Chase & Co. cut their price target on Sherwin-Williams from $390.00 to $378.00 and set an "overweight" rating on the stock in a research note on Wednesday, July 23rd. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating, ten have assigned a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average price target of $383.33.

Sherwin-Williams Stock Down 0.2%

Sherwin-Williams stock traded down $0.67 during midday trading on Tuesday, reaching $335.49. The stock had a trading volume of 329,567 shares, compared to its average volume of 1,751,209. The firm's fifty day simple moving average is $347.64 and its 200-day simple moving average is $348.30. The Sherwin-Williams Company has a 1-year low of $308.84 and a 1-year high of $400.42. The stock has a market capitalization of $84.07 billion, a P/E ratio of 33.31, a price-to-earnings-growth ratio of 3.21 and a beta of 1.18. The company has a debt-to-equity ratio of 1.78, a quick ratio of 0.48 and a current ratio of 0.78.

Sherwin-Williams (NYSE:SHW - Get Free Report) last released its earnings results on Tuesday, July 22nd. The specialty chemicals company reported $3.38 earnings per share for the quarter, missing analysts' consensus estimates of $3.76 by ($0.38). Sherwin-Williams had a net margin of 11.03% and a return on equity of 66.91%. The company had revenue of $6.31 billion for the quarter, compared to the consensus estimate of $6.31 billion. During the same quarter in the previous year, the company posted $3.70 earnings per share. The business's revenue was up .6% compared to the same quarter last year. As a group, analysts expect that The Sherwin-Williams Company will post 12 EPS for the current fiscal year.

Sherwin-Williams Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, September 5th. Investors of record on Friday, August 15th will be issued a $0.79 dividend. The ex-dividend date of this dividend is Friday, August 15th. This represents a $3.16 annualized dividend and a yield of 0.94%. Sherwin-Williams's payout ratio is 31.35%.

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.