BKM Wealth Management LLC Buys 1,000 Shares of The Sherwin-Williams Company (NYSE:SHW)

BKM Wealth Management LLC grew its stake in shares of The Sherwin-Williams Company (NYSE:SHW - Free Report) by 61.7% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 2,621 shares of the specialty chemicals company's stock after buying an additional 1,000 shares during the period. BKM Wealth Management LLC's holdings in Sherwin-Williams were worth $915,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Coppell Advisory Solutions LLC increased its holdings in Sherwin-Williams by 2.7% in the 4th quarter. Coppell Advisory Solutions LLC now owns 1,146 shares of the specialty chemicals company's stock worth $388,000 after buying an additional 30 shares in the last quarter. Opal Wealth Advisors LLC increased its holdings in Sherwin-Williams by 4.2% in the 1st quarter. Opal Wealth Advisors LLC now owns 791 shares of the specialty chemicals company's stock worth $276,000 after buying an additional 32 shares in the last quarter. Ashton Thomas Securities LLC increased its holdings in Sherwin-Williams by 1.5% in the 4th quarter. Ashton Thomas Securities LLC now owns 2,228 shares of the specialty chemicals company's stock worth $757,000 after buying an additional 34 shares in the last quarter. YANKCOM Partnership increased its holdings in Sherwin-Williams by 8.8% in the 1st quarter. YANKCOM Partnership now owns 420 shares of the specialty chemicals company's stock worth $147,000 after buying an additional 34 shares in the last quarter. Finally, Kornitzer Capital Management Inc. KS increased its holdings in Sherwin-Williams by 4.9% in the 1st quarter. Kornitzer Capital Management Inc. KS now owns 755 shares of the specialty chemicals company's stock worth $264,000 after buying an additional 35 shares in the last quarter. 77.67% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several research firms recently commented on SHW. Morgan Stanley reduced 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. Citigroup downgraded Sherwin-Williams from a "buy" rating to a "neutral" rating and reduced their price objective for the stock from $405.00 to $385.00 in a report on Friday, June 13th. Bank of America lifted their price objective on Sherwin-Williams from $289.00 to $296.00 and gave the stock an "underperform" rating in a report on Monday, June 23rd. Barclays reduced their price objective on Sherwin-Williams from $385.00 to $355.00 and set an "equal weight" rating for the company in a report on Tuesday, April 1st. Finally, Royal Bank Of Canada raised their target price on Sherwin-Williams from $410.00 to $420.00 and gave the stock an "outperform" rating in a research report on Thursday, May 1st. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating, ten have given a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus price target of $391.94.

Sherwin-Williams Stock Down 0.0%

SHW stock opened at $339.88 on Friday. The Sherwin-Williams Company has a twelve month low of $308.84 and a twelve month high of $400.42. 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 stock has a market cap of $85.17 billion, a P/E ratio of 32.12, a PEG ratio of 3.06 and a beta of 1.18. The business's 50-day moving average price is $349.79 and its 200-day moving average price is $347.98.

Sherwin-Williams (NYSE:SHW - Get Free Report) last posted its quarterly earnings results 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 analysts' expectations of $5.42 billion. Sherwin-Williams had a return on equity of 71.86% and a net margin of 11.63%. The firm's revenue was down 1.1% compared to the same quarter last year. During the same period in the previous year, the firm earned $2.17 EPS. On average, equities research analysts forecast that The Sherwin-Williams Company will post 12 EPS for the current year.

Sherwin-Williams Announces Dividend

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

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.

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