Dynamic Advisor Solutions LLC Makes New Investment in The Sherwin-Williams Company (NYSE:SHW)

Dynamic Advisor Solutions LLC acquired a new position in shares of The Sherwin-Williams Company (NYSE:SHW - Free Report) during the 1st quarter, according to its most recent 13F filing with the SEC. The firm acquired 39,373 shares of the specialty chemicals company's stock, valued at approximately $13,749,000.

A number of other institutional investors and hedge funds have also bought and sold shares of the company. Voleon Capital Management LP bought a new position in shares of Sherwin-Williams during the fourth quarter valued at approximately $2,011,000. Kerusso Capital Management LLC lifted its holdings in Sherwin-Williams by 75.9% during the fourth quarter. Kerusso Capital Management LLC now owns 10,290 shares of the specialty chemicals company's stock worth $3,498,000 after buying an additional 4,439 shares during the period. Wealthcare Advisory Partners LLC boosted its position in Sherwin-Williams by 18.4% during the 1st quarter. Wealthcare Advisory Partners LLC now owns 882 shares of the specialty chemicals company's stock valued at $308,000 after acquiring an additional 137 shares in the last quarter. Empower Advisory Group LLC boosted its position in Sherwin-Williams by 3.3% during the 4th quarter. Empower Advisory Group LLC now owns 322,925 shares of the specialty chemicals company's stock valued at $109,772,000 after acquiring an additional 10,267 shares in the last quarter. Finally, Horizon Investments LLC increased its holdings in shares of Sherwin-Williams by 2.7% in the 4th quarter. Horizon Investments LLC now owns 6,031 shares of the specialty chemicals company's stock valued at $2,050,000 after acquiring an additional 161 shares during the period. 77.67% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

SHW has been the subject of a number of analyst reports. UBS Group decreased their price objective on Sherwin-Williams from $430.00 to $400.00 and set a "buy" rating for the company in a research note on Monday, April 7th. Mizuho set a $395.00 target price on Sherwin-Williams in a research note on Tuesday, April 15th. Jefferies Financial Group reissued a "hold" rating and set a $380.00 price target (down from $423.00) on shares of Sherwin-Williams in a research report on Monday, March 10th. Wells Fargo & Company upgraded shares of Sherwin-Williams from an "equal weight" rating to an "overweight" rating and raised their price target for the company from $350.00 to $420.00 in a report on Wednesday, April 30th. Finally, Citigroup lowered shares of 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 research note on Friday, June 13th. Six research analysts have rated the stock with a hold rating, ten have given a buy rating and two have given a strong buy rating to the company's stock. According to MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average price target of $397.67.

Sherwin-Williams Stock Performance

NYSE:SHW traded up $0.05 during trading hours on Wednesday, hitting $331.08. 1,438,276 shares of the company were exchanged, compared to its average volume of 1,724,967. 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 Sherwin-Williams Company has a 52-week low of $292.27 and a 52-week high of $400.42. The stock has a market capitalization of $82.97 billion, a price-to-earnings ratio of 31.29, a PEG ratio of 3.05 and a beta of 1.21. The company's 50 day moving average price is $348.48 and its 200-day moving average price is $350.77.

Sherwin-Williams (NYSE:SHW - Get Free Report) last posted its quarterly earnings data on Tuesday, April 29th. The specialty chemicals company reported $2.25 EPS for the quarter, topping the consensus estimate 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 net margin of 11.63% and a return on equity of 71.86%. The business's revenue for the quarter was down 1.1% compared to the same quarter last year. During the same period in the previous year, the firm posted $2.17 earnings per share. As a group, research analysts forecast that The Sherwin-Williams Company will post 12 earnings per share for the current year.

Sherwin-Williams Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, June 6th. Shareholders 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 yield of 0.95%. Sherwin-Williams's payout ratio is presently 29.87%.

Sherwin-Williams 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.