Calamos Advisors LLC Raises Position in The Sherwin-Williams Company (NYSE:SHW)

Calamos Advisors LLC boosted its stake in The Sherwin-Williams Company (NYSE:SHW - Free Report) by 8.7% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 147,452 shares of the specialty chemicals company's stock after acquiring an additional 11,830 shares during the period. Calamos Advisors LLC owned 0.06% of Sherwin-Williams worth $51,489,000 at the end of the most recent quarter.

Several other institutional investors have also added to or reduced their stakes in SHW. Park Square Financial Group LLC bought a new stake in Sherwin-Williams in the fourth quarter valued at approximately $27,000. Perkins Coie Trust Co bought a new stake in Sherwin-Williams in the first quarter valued at approximately $27,000. Lee Danner & Bass Inc. bought a new position in shares of Sherwin-Williams in the 4th quarter worth about $28,000. Barnes Dennig Private Wealth Management LLC bought a new position in shares of Sherwin-Williams in the 1st quarter worth about $30,000. Finally, HWG Holdings LP bought a new position in shares of Sherwin-Williams in the 1st quarter worth about $46,000. 77.67% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several research firms have recently weighed in on SHW. Jefferies Financial Group reissued a "hold" rating and issued a $380.00 price objective (down from $423.00) on shares of Sherwin-Williams in a research report on Monday, March 10th. Wells Fargo & Company raised Sherwin-Williams from an "equal weight" rating to an "overweight" rating and lifted their price objective for the stock from $350.00 to $420.00 in a research report on Wednesday, April 30th. 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 research report on Monday, June 23rd. Barclays decreased their price target on shares of Sherwin-Williams from $385.00 to $355.00 and set an "equal weight" rating for the company in a research note on Tuesday, April 1st. Finally, Citigroup cut shares of Sherwin-Williams from a "buy" rating to a "neutral" rating and cut their price objective for the stock from $405.00 to $385.00 in a research report on Friday, June 13th. One investment analyst has rated the stock with a sell rating, six have given a hold rating, ten have assigned a buy rating and two have assigned a strong buy rating to the stock. Based on data from MarketBeat, Sherwin-Williams currently has a consensus rating of "Moderate Buy" and a consensus price target of $391.31.

Sherwin-Williams Stock Down 0.7%

SHW stock traded down $2.36 during mid-day trading on Friday, reaching $350.16. 1,088,732 shares of the company traded hands, compared to its average volume of 1,716,156. The stock has a market cap of $87.75 billion, a price-to-earnings ratio of 33.10, a P/E/G ratio of 3.18 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 fifty-two week low of $294.32 and a fifty-two week high of $400.42. The firm's 50 day moving average price is $350.84 and its 200 day moving average price is $347.99.

Sherwin-Williams (NYSE:SHW - Get Free Report) last released its quarterly earnings results 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. The business had revenue of $5.31 billion during the quarter, compared to the consensus estimate of $5.42 billion. Sherwin-Williams had a return on equity of 71.86% and a net margin of 11.63%. The company's quarterly revenue was down 1.1% on a year-over-year basis. During the same quarter in the previous year, the business earned $2.17 EPS. As a group, equities research analysts predict that The Sherwin-Williams Company will post 12 EPS for the current fiscal year.

Sherwin-Williams Dividend Announcement

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