Argentarii LLC Boosts Stake in The Sherwin-Williams Company (NYSE:SHW)

Argentarii LLC increased its holdings in The Sherwin-Williams Company (NYSE:SHW - Free Report) by 150.8% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 2,177 shares of the specialty chemicals company's stock after buying an additional 1,309 shares during the quarter. Argentarii LLC's holdings in Sherwin-Williams were worth $760,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Perkins Coie Trust Co purchased a new stake in shares of Sherwin-Williams during the first quarter valued at $27,000. Park Square Financial Group LLC purchased a new stake in Sherwin-Williams in the fourth quarter worth about $27,000. Lee Danner & Bass Inc. purchased a new stake in Sherwin-Williams in the fourth quarter worth about $28,000. Barnes Dennig Private Wealth Management LLC purchased a new stake in Sherwin-Williams in the first quarter worth about $30,000. Finally, HWG Holdings LP purchased a new stake in shares of Sherwin-Williams during the first quarter valued at about $46,000. Institutional investors own 77.67% of the company's stock.

Sherwin-Williams Stock Performance

SHW traded up $6.24 during trading hours on Wednesday, reaching $352.24. The company's stock had a trading volume of 2,099,745 shares, compared to its average volume of 1,747,620. 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 $88.27 billion, a PE ratio of 33.29, a price-to-earnings-growth ratio of 3.11 and a beta of 1.18. The company's 50-day moving average is $351.46 and its 200-day moving average is $347.93. The Sherwin-Williams Company has a 52 week low of $298.82 and a 52 week high of $400.42.

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, topping analysts' consensus estimates of $2.23 by $0.02. The company 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 firm's quarterly revenue was down 1.1% on a year-over-year basis. During the same period in the previous year, the firm earned $2.17 earnings per share. On average, equities analysts forecast that The Sherwin-Williams Company will post 12 EPS for the current year.

Sherwin-Williams Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, June 6th. Shareholders of record on Friday, May 16th were given a $0.79 dividend. The ex-dividend date of this dividend was Friday, May 16th. This represents a $3.16 annualized dividend and a yield of 0.90%. Sherwin-Williams's dividend payout ratio is currently 29.87%.

Wall Street Analyst Weigh In

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

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.