Caliber Wealth Management LLC KS Acquires New Holdings in The Sherwin-Williams Company (NYSE:SHW)

Key Points

• Caliber Wealth Management LLC KS has made a new investment in The Sherwin-Williams Company, acquiring 1,165 shares valued at approximately $407,000 in the first quarter.
• The company's quarterly earnings reported an EPS of $3.38, missing estimates by $0.38, with revenue matching the expected $6.31 billion.
• Sherwin-Williams declared a quarterly dividend of $0.79 per share, set to be paid on September 5th, representing an annualized yield of 0.93%.

Caliber Wealth Management LLC KS purchased a new position in shares of The Sherwin-Williams Company (NYSE:SHW - Free Report) in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund purchased 1,165 shares of the specialty chemicals company's stock, valued at approximately $407,000.

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

Analysts Set New Price Targets

SHW has been the topic of several recent research reports. Loop Capital dropped their target price 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. Morgan Stanley cut their price objective on shares of Sherwin-Williams from $405.00 to $385.00 and set an "overweight" rating on the stock in a research report on Tuesday, April 22nd. Citigroup cut their price objective on shares of Sherwin-Williams from $385.00 to $375.00 and set a "neutral" rating on the stock in a research report on Wednesday, July 23rd. Wells Fargo & Company cut their price objective on shares of Sherwin-Williams from $420.00 to $400.00 and set an "overweight" rating on the stock in a research report on Wednesday, July 23rd. Finally, Barclays cut their price objective on shares of 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. One research analyst has rated the stock with a sell rating, six have assigned a hold rating, ten have assigned a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat.com, Sherwin-Williams currently has an average rating of "Moderate Buy" and an average price target of $383.33.

Sherwin-Williams Stock Performance

NYSE SHW traded down $2.22 during trading hours on Wednesday, hitting $334.76. The company had a trading volume of 378,956 shares, compared to its average volume of 1,749,592. The Sherwin-Williams Company has a fifty-two week low of $308.84 and a fifty-two week high of $400.42. The firm has a market cap of $83.46 billion, a P/E ratio of 33.20, a price-to-earnings-growth ratio of 3.18 and a beta of 1.18. The business has a fifty day simple moving average of $347.20 and a 200-day simple moving average of $348.22. The company has a quick ratio of 0.48, a current ratio of 0.78 and a debt-to-equity ratio of 1.78.

Sherwin-Williams (NYSE:SHW - Get Free Report) last announced its earnings results 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). The company had revenue of $6.31 billion for the quarter, compared to analysts' expectations of $6.31 billion. Sherwin-Williams had a net margin of 11.03% and a return on equity of 66.91%. The company's revenue for the quarter was up .6% on a year-over-year basis. During the same period in the prior year, the company earned $3.70 earnings per share. Equities analysts predict that The Sherwin-Williams Company will post 12 EPS for the current year.

Sherwin-Williams Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, September 5th. Investors of record on Friday, August 15th will be paid a $0.79 dividend. This represents a $3.16 annualized dividend and a yield of 0.94%. The ex-dividend date is Friday, August 15th. Sherwin-Williams's dividend payout ratio is currently 31.35%.

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.