Arkadios Wealth Advisors Increases Position in The Sherwin-Williams Company (NYSE:SHW)

Key Points

• Arkadios Wealth Advisors increased its holdings in The Sherwin-Williams Company by 48.6%, purchasing an additional 988 shares, bringing their total to 3,022 shares valued at approximately $1,055,000.
• The company recently announced a dividend of $0.79 per share, resulting in an annualized dividend of $3.16 and a dividend yield of 0.9%.
• In the first quarter, institutional investors own 77.67% of Sherwin-Williams stock, with several hedge funds significantly increasing their stakes during this period.

Arkadios Wealth Advisors lifted its stake in shares of The Sherwin-Williams Company (NYSE:SHW - Free Report) by 48.6% during the 1st quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 3,022 shares of the specialty chemicals company's stock after purchasing an additional 988 shares during the quarter. Arkadios Wealth Advisors' holdings in Sherwin-Williams were worth $1,055,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Park Square Financial Group LLC acquired a new position in Sherwin-Williams in the 4th quarter worth about $27,000. Perkins Coie Trust Co bought a new stake in shares of Sherwin-Williams in the 1st quarter valued at $27,000. Synergy Investment Management LLC increased its stake in Sherwin-Williams by 583.3% in the first quarter. Synergy Investment Management LLC now owns 82 shares of the specialty chemicals company's stock valued at $29,000 after purchasing an additional 70 shares in the last quarter. Barnes Dennig Private Wealth Management LLC acquired a new position in shares of Sherwin-Williams during the first quarter worth approximately $30,000. Finally, HWG Holdings LP acquired a new position in Sherwin-Williams during the first quarter worth $46,000. 77.67% of the stock is currently owned by institutional investors and hedge funds.

Sherwin-Williams Price Performance

NYSE SHW traded up $4.01 during trading hours on Tuesday, hitting $351.86. The company had a trading volume of 1,565,346 shares, compared to its average volume of 1,912,844. The company has a debt-to-equity ratio of 1.78, a quick ratio of 0.48 and a current ratio of 0.78. The firm has a market capitalization of $87.73 billion, a price-to-earnings ratio of 34.91, a PEG ratio of 3.29 and a beta of 1.16. The Sherwin-Williams Company has a 52 week low of $308.84 and a 52 week high of $400.42. The firm has a 50 day simple moving average of $346.05 and a 200 day simple moving average of $348.01.

Sherwin-Williams (NYSE:SHW - Get Free Report) last issued its quarterly earnings data on Tuesday, July 22nd. The specialty chemicals company reported $3.38 EPS for the quarter, missing the consensus estimate of $3.76 by ($0.38). Sherwin-Williams had a net margin of 11.03% and a return on equity of 66.91%. The firm had revenue of $6.31 billion for the quarter, compared to analysts' expectations of $6.31 billion. During the same period in the prior year, the firm posted $3.70 EPS. Sherwin-Williams's revenue was up .6% on a year-over-year basis. Equities research analysts expect that The Sherwin-Williams Company will post 12 earnings per share for the current year.

Sherwin-Williams Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, September 5th. Shareholders 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 dividend yield of 0.9%. Sherwin-Williams's dividend payout ratio (DPR) is presently 31.35%.

Wall Street Analyst Weigh In

A number of analysts have commented on the company. BMO Capital Markets decreased their price objective 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 lowered their price target on Sherwin-Williams from $405.00 to $385.00 and set an "overweight" rating for the company in a research report on Tuesday, April 22nd. Loop Capital cut their price objective on shares of Sherwin-Williams from $395.00 to $380.00 and set a "buy" rating on the stock in a report on Wednesday, July 23rd. Mizuho reduced their target price on shares of Sherwin-Williams from $400.00 to $385.00 and set an "outperform" rating for the company in a research note on Wednesday, July 23rd. Finally, UBS Group reduced their price objective on shares of Sherwin-Williams from $410.00 to $395.00 and set a "buy" rating for the company in a research report on Wednesday, July 23rd. One investment analyst has rated the stock with a sell rating, six have issued a hold rating, ten have given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $383.33.

Sherwin-Williams 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.