Alps Advisors Inc. Invests $367,000 in The Sherwin-Williams Company (NYSE:SHW)

Alps Advisors Inc. bought a new stake in shares of The Sherwin-Williams Company (NYSE:SHW - Free Report) during the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The firm bought 1,050 shares of the specialty chemicals company's stock, valued at approximately $367,000.

Other large investors also recently made changes to their positions in the company. Vanguard Group Inc. boosted its holdings in shares of Sherwin-Williams by 0.6% in the fourth quarter. Vanguard Group Inc. now owns 21,836,648 shares of the specialty chemicals company's stock worth $7,422,932,000 after buying an additional 138,170 shares during the period. FMR LLC boosted its holdings in shares of Sherwin-Williams by 1.6% in the fourth quarter. FMR LLC now owns 6,588,755 shares of the specialty chemicals company's stock worth $2,239,715,000 after buying an additional 106,093 shares during the period. Geode Capital Management LLC boosted its holdings in shares of Sherwin-Williams by 2.0% in the fourth quarter. Geode Capital Management LLC now owns 4,829,702 shares of the specialty chemicals company's stock worth $1,636,679,000 after buying an additional 96,571 shares during the period. Alliancebernstein L.P. boosted its holdings in shares of Sherwin-Williams by 2.0% in the fourth quarter. Alliancebernstein L.P. now owns 4,316,000 shares of the specialty chemicals company's stock worth $1,467,138,000 after buying an additional 86,268 shares during the period. Finally, Norges Bank acquired a new position in shares of Sherwin-Williams in the fourth quarter worth about $1,359,747,000. Institutional investors own 77.67% of the company's stock.

Sherwin-Williams Stock Down 0.2%

Shares of NYSE SHW traded down $0.53 during trading hours on Thursday, hitting $339.33. The company had a trading volume of 679,874 shares, compared to its average volume of 1,708,137. The stock has a market capitalization of $85.04 billion, a P/E ratio of 32.06, a price-to-earnings-growth ratio of 3.05 and a beta of 1.18. The company has a quick ratio of 0.45, a current ratio of 0.77 and a debt-to-equity ratio of 1.90. The Sherwin-Williams Company has a 1-year low of $308.84 and a 1-year high of $400.42. The firm's 50 day moving average is $350.31 and its 200-day moving average is $347.92.

Sherwin-Williams (NYSE:SHW - Get Free Report) last released its quarterly earnings data on Tuesday, April 29th. The specialty chemicals company reported $2.25 EPS for the quarter, beating the consensus estimate of $2.23 by $0.02. Sherwin-Williams had a return on equity of 71.86% and a net margin of 11.63%. The company 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 firm's revenue for the quarter was down 1.1% compared to the same quarter last year. On average, analysts expect that The Sherwin-Williams Company will post 12 earnings per share for the current fiscal year.

Sherwin-Williams Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, September 5th. Shareholders of record on Friday, August 15th will be given a dividend of $0.79 per share. This represents a $3.16 annualized dividend and a yield of 0.93%. Sherwin-Williams's payout ratio is 29.87%.

Analyst Ratings Changes

Several research analysts have commented on SHW shares. Bank of America raised their target price on shares of Sherwin-Williams from $289.00 to $296.00 and gave the stock an "underperform" rating in a report on Monday, June 23rd. Morgan Stanley reduced their price target on shares of Sherwin-Williams from $405.00 to $385.00 and set an "overweight" rating for the company in a research report on Tuesday, April 22nd. UBS Group increased their price target on shares of Sherwin-Williams from $398.00 to $410.00 and gave the stock a "buy" rating in a research report on Wednesday, July 9th. Royal Bank Of Canada raised their price objective on shares of Sherwin-Williams from $410.00 to $420.00 and gave the company an "outperform" rating in a research report on Thursday, May 1st. Finally, Mizuho set a $395.00 price target on shares of Sherwin-Williams in a research report on Tuesday, April 15th. One research analyst has rated the stock with a sell rating, six have issued a hold rating, ten have issued a buy rating and two have given a strong buy rating to the company's stock. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $391.94.

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.