Azzad Asset Management Inc. ADV Makes New $2.93 Million Investment in The Sherwin-Williams Company (NYSE:SHW)

Azzad Asset Management Inc. ADV purchased a new stake in The Sherwin-Williams Company (NYSE:SHW - Free Report) in the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor purchased 8,380 shares of the specialty chemicals company's stock, valued at approximately $2,926,000.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in SHW. Midwest Capital Advisors LLC acquired a new position in Sherwin-Williams in the fourth quarter valued at $26,000. Park Square Financial Group LLC purchased a new stake in shares of Sherwin-Williams in the fourth quarter valued at about $27,000. Perkins Coie Trust Co purchased a new stake in shares of Sherwin-Williams in the first quarter valued at about $27,000. Lee Danner & Bass Inc. purchased a new stake in shares of Sherwin-Williams in the fourth quarter valued at about $28,000. Finally, Sierra Ocean LLC acquired a new position in shares of Sherwin-Williams in the fourth quarter valued at approximately $36,000. Hedge funds and other institutional investors own 77.67% of the company's stock.

Sherwin-Williams Trading Down 0.0%

Shares of Sherwin-Williams stock traded down $0.10 during trading on Monday, hitting $335.78. The stock had a trading volume of 844,667 shares, compared to its average volume of 1,722,559. The company has a debt-to-equity ratio of 2.02, a current ratio of 0.79 and a quick ratio of 0.46. The stock has a market cap of $84.15 billion, a PE ratio of 31.82, a PEG ratio of 2.98 and a beta of 1.21. The firm's fifty day simple moving average is $348.16 and its 200-day simple moving average is $351.34. The Sherwin-Williams Company has a 12 month low of $292.27 and a 12 month high of $400.42.

Sherwin-Williams (NYSE:SHW - Get Free Report) last announced its quarterly earnings data on Tuesday, April 29th. The specialty chemicals company reported $2.25 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $2.23 by $0.02. Sherwin-Williams had a net margin of 11.61% and a return on equity of 74.50%. The firm had revenue of $5.31 billion during the quarter, compared to analyst estimates of $5.42 billion. During the same quarter in the prior year, the firm posted $2.17 earnings per share. Sherwin-Williams's quarterly revenue was down 1.1% on a year-over-year basis. As a group, sell-side analysts expect that The Sherwin-Williams Company will post 12 EPS for the current fiscal year.

Sherwin-Williams Announces Dividend

The business 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 0.94%. The ex-dividend date of this dividend was Friday, May 16th. Sherwin-Williams's payout ratio is currently 29.87%.

Analyst Upgrades and Downgrades

SHW has been the topic of a number of recent research reports. Wells Fargo & Company upgraded shares of Sherwin-Williams from an "equal weight" rating to an "overweight" rating and raised their price target for the stock from $350.00 to $420.00 in a research report on Wednesday, April 30th. Royal Bank of Canada upped their target price on Sherwin-Williams from $410.00 to $420.00 and gave the company an "outperform" rating in a report on Thursday, May 1st. UBS Group reduced their target price on Sherwin-Williams from $430.00 to $400.00 and set a "buy" rating for the company in a report on Monday, April 7th. Mizuho set a $395.00 price target on Sherwin-Williams in a research note on Tuesday, April 15th. Finally, Citigroup cut Sherwin-Williams from a "buy" rating to a "neutral" rating and cut their target price for the stock from $405.00 to $385.00 in a research report on Friday. Six analysts have rated the stock with a hold rating, ten have assigned a buy rating and two have given a strong buy rating to the company. According to data from MarketBeat.com, Sherwin-Williams has an average rating of "Moderate Buy" and an average target price of $397.67.

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.