Elevation Point Wealth Partners LLC Has $837,000 Stake in The Sherwin-Williams Company (NYSE:SHW)

Elevation Point Wealth Partners LLC cut its holdings in The Sherwin-Williams Company (NYSE:SHW - Free Report) by 57.3% in the first quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 2,396 shares of the specialty chemicals company's stock after selling 3,209 shares during the quarter. Elevation Point Wealth Partners LLC's holdings in Sherwin-Williams were worth $837,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in SHW. Voleon Capital Management LP bought a new position in shares of Sherwin-Williams in the fourth quarter worth about $2,011,000. Kerusso Capital Management LLC raised its position in Sherwin-Williams by 75.9% in the 4th quarter. Kerusso Capital Management LLC now owns 10,290 shares of the specialty chemicals company's stock worth $3,498,000 after purchasing an additional 4,439 shares during the last quarter. Empower Advisory Group LLC lifted its holdings 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 worth $109,772,000 after buying an additional 10,267 shares in the last quarter. Horizon Investments LLC boosted its position in 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 buying an additional 161 shares during the last quarter. Finally, ABC Arbitrage SA bought a new position in Sherwin-Williams in the 4th quarter valued at $1,636,000. 77.67% of the stock is currently owned by institutional investors and hedge funds.

Sherwin-Williams Stock Up 0.5%

Shares of Sherwin-Williams stock traded up $1.67 on Monday, hitting $337.55. The company had a trading volume of 440,553 shares, compared to its average volume of 1,721,201. The stock has a 50-day moving average of $348.16 and a 200-day moving average of $351.34. The company has a debt-to-equity ratio of 2.02, a current ratio of 0.79 and a quick ratio of 0.46. The Sherwin-Williams Company has a twelve month low of $292.27 and a twelve month high of $400.42. The firm has a market capitalization of $84.59 billion, a P/E ratio of 31.97, a P/E/G ratio of 2.98 and a beta of 1.21.

Sherwin-Williams (NYSE:SHW - Get Free Report) last posted its quarterly earnings data on Tuesday, April 29th. The specialty chemicals company reported $2.25 earnings per share (EPS) for the quarter, topping 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 74.50% and a net margin of 11.61%. Sherwin-Williams's quarterly revenue was down 1.1% on a year-over-year basis. During the same period last year, the company earned $2.17 earnings per share. Research analysts predict that The Sherwin-Williams Company will post 12 earnings per share for the current year.

Sherwin-Williams Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, June 6th. Investors of record on Friday, May 16th were issued 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 yield of 0.94%. Sherwin-Williams's payout ratio is presently 29.87%.

Wall Street Analyst Weigh In

Several brokerages have recently issued reports on SHW. Morgan Stanley cut their price target on Sherwin-Williams from $405.00 to $385.00 and set an "overweight" rating on the stock in a research note on Tuesday, April 22nd. Wells Fargo & Company raised shares of Sherwin-Williams from an "equal weight" rating to an "overweight" rating and boosted their price target for the stock from $350.00 to $420.00 in a research note on Wednesday, April 30th. Royal Bank of Canada lifted their target price on shares of Sherwin-Williams from $410.00 to $420.00 and gave the stock an "outperform" rating in a report on Thursday, May 1st. Mizuho set a $395.00 price target on Sherwin-Williams in a research report on Tuesday, April 15th. Finally, 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. Six equities research analysts have rated the stock with a hold rating, ten have issued a buy rating and two have assigned a strong buy rating to the stock. According to data from MarketBeat, Sherwin-Williams currently has an average rating of "Moderate Buy" and a consensus target price of $397.67.

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.