Alpine Bank Wealth Management Takes Position in The Sherwin-Williams Company (NYSE:SHW)

Alpine Bank Wealth Management bought a new stake in shares of The Sherwin-Williams Company (NYSE:SHW - Free Report) in the first quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor bought 750 shares of the specialty chemicals company's stock, valued at approximately $262,000.

A number of other institutional investors and hedge funds have also recently modified their holdings of SHW. Perkins Coie Trust Co bought a new position in Sherwin-Williams during the first quarter valued at $27,000. Park Square Financial Group LLC bought a new stake in shares of Sherwin-Williams in the 4th quarter worth about $27,000. Lee Danner & Bass Inc. purchased a new stake in shares of Sherwin-Williams during the 4th quarter valued at about $28,000. WR Wealth Planners LLC lifted 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 acquiring an additional 35 shares during the last quarter. Finally, HWG Holdings LP bought a new position in shares of Sherwin-Williams in the 1st quarter valued at about $46,000. 77.67% of the stock is owned by hedge funds and other institutional investors.

Sherwin-Williams Trading Down 0.4%

Sherwin-Williams stock traded down $1.47 during trading hours on Thursday, hitting $342.15. The company had a trading volume of 1,724,292 shares, compared to its average volume of 1,718,040. The company has a debt-to-equity ratio of 1.90, a quick ratio of 0.45 and a current ratio of 0.77. The firm has a market cap of $85.74 billion, a P/E ratio of 32.34, a P/E/G ratio of 3.11 and a beta of 1.21. The company has a 50-day moving average price of $348.78 and a two-hundred day moving average price of $348.87. 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. Sherwin-Williams had a net margin of 11.63% and a return on equity of 71.86%. 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 previous year, the firm posted $2.17 earnings per share. The company's revenue was down 1.1% on a year-over-year basis. On average, sell-side analysts anticipate that The Sherwin-Williams Company will post 12 earnings per share for the current year.

Sherwin-Williams Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, June 6th. Stockholders of record on Friday, May 16th were given a dividend of $0.79 per share. This represents a $3.16 dividend on an annualized basis and a dividend yield of 0.92%. The ex-dividend date of this dividend was Friday, May 16th. Sherwin-Williams's payout ratio is 29.87%.

Analyst Ratings Changes

SHW has been the topic of several analyst reports. Mizuho set a $395.00 price objective on Sherwin-Williams in a research note on Tuesday, April 15th. Barclays cut 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. Citigroup downgraded Sherwin-Williams from a "buy" rating to a "neutral" rating and lowered their price target for the stock from $405.00 to $385.00 in a research report on Friday, June 13th. Jefferies Financial Group reaffirmed a "hold" rating and set a $380.00 price objective (down from $423.00) on shares of Sherwin-Williams in a research note on Monday, March 10th. Finally, Royal Bank Of Canada increased their target price on shares of Sherwin-Williams from $410.00 to $420.00 and gave the company an "outperform" rating in a research note on Thursday, May 1st. One analyst has rated the stock with a sell rating, six have given a hold rating, ten have assigned a buy rating and two have issued a strong buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $391.31.

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.