Calamos Wealth Management LLC Buys 3,999 Shares of The Sherwin-Williams Company (NYSE:SHW)

Calamos Wealth Management LLC lifted its stake in The Sherwin-Williams Company (NYSE:SHW - Free Report) by 9.3% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 47,097 shares of the specialty chemicals company's stock after acquiring an additional 3,999 shares during the period. Sherwin-Williams accounts for 0.8% of Calamos Wealth Management LLC's portfolio, making the stock its 25th largest position. Calamos Wealth Management LLC's holdings in Sherwin-Williams were worth $16,446,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Voleon Capital Management LP acquired a new position in shares of Sherwin-Williams in the 4th quarter valued at about $2,011,000. Kingswood Wealth Advisors LLC lifted its stake in Sherwin-Williams by 25.0% in the 1st quarter. Kingswood Wealth Advisors LLC now owns 1,006 shares of the specialty chemicals company's stock worth $352,000 after purchasing an additional 201 shares in the last quarter. Sowell Financial Services LLC purchased a new stake in Sherwin-Williams in the 1st quarter valued at $306,000. Wealthcare Advisory Partners LLC increased its position in Sherwin-Williams by 18.4% during the first quarter. Wealthcare Advisory Partners LLC now owns 882 shares of the specialty chemicals company's stock worth $308,000 after purchasing an additional 137 shares during the last quarter. Finally, Horizon Investments LLC boosted its stake in Sherwin-Williams by 2.7% during the fourth quarter. Horizon Investments LLC now owns 6,031 shares of the specialty chemicals company's stock worth $2,050,000 after buying an additional 161 shares during the period. Hedge funds and other institutional investors own 77.67% of the company's stock.

Analyst Upgrades and Downgrades

A number of analysts have recently weighed in on the company. Barclays cut 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. Mizuho set a $395.00 price objective on shares of Sherwin-Williams in a research report on Tuesday, April 15th. Jefferies Financial Group reaffirmed a "hold" rating and set a $380.00 price target (down previously from $423.00) on shares of Sherwin-Williams in a research report on Monday, March 10th. Royal Bank Of Canada boosted their price target on Sherwin-Williams from $410.00 to $420.00 and gave the company an "outperform" rating in a research report on Thursday, May 1st. Finally, Bank of America increased their target price on Sherwin-Williams from $289.00 to $296.00 and gave the stock an "underperform" rating in a research note on Monday, June 23rd. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating, ten have issued a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average price target of $391.31.

Sherwin-Williams Price Performance

Shares of SHW stock traded down $2.36 during trading hours on Friday, reaching $350.16. 1,088,732 shares of the company were exchanged, compared to its average volume of 1,716,156. The company has a debt-to-equity ratio of 1.90, a current ratio of 0.77 and a quick ratio of 0.45. The stock's fifty day moving average is $350.84 and its two-hundred day moving average is $347.99. The Sherwin-Williams Company has a fifty-two week low of $294.32 and a fifty-two week high of $400.42. The company 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.

Sherwin-Williams (NYSE:SHW - Get Free Report) last announced 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. Sherwin-Williams had a return on equity of 71.86% and a net margin of 11.63%. The business had revenue of $5.31 billion during the quarter, compared to analysts' expectations of $5.42 billion. During the same period in the previous year, the firm earned $2.17 earnings per share. The firm's quarterly revenue was down 1.1% compared to the same quarter last year. Sell-side analysts forecast that The Sherwin-Williams Company will post 12 earnings per share for the current fiscal year.

Sherwin-Williams Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, June 6th. Stockholders of record on Friday, May 16th were paid a dividend of $0.79 per share. The ex-dividend date 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 presently 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.