Exencial Wealth Advisors LLC Buys 2,165 Shares of The Sherwin-Williams Company (NYSE:SHW)

Key Points

• Exencial Wealth Advisors LLC increased its stake in The Sherwin-Williams Company by 45.3%, now holding 6,941 shares valued at $2.42 million as per its recent SEC filing.
• Analysts have adjusted their price targets for Sherwin-Williams, with estimates ranging from $296 to $420, and the company currently holds a consensus rating of "Moderate Buy".
• Sherwin-Williams recently reported a quarterly EPS of $3.38, missing the consensus estimate of $3.76, while announcing a quarterly dividend of $0.79 per share.

Exencial Wealth Advisors LLC raised its stake in The Sherwin-Williams Company (NYSE:SHW - Free Report) by 45.3% during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 6,941 shares of the specialty chemicals company's stock after acquiring an additional 2,165 shares during the period. Exencial Wealth Advisors LLC's holdings in Sherwin-Williams were worth $2,424,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently modified their holdings of SHW. Vanguard Group Inc. grew its position in Sherwin-Williams by 1.1% during the 1st quarter. Vanguard Group Inc. now owns 22,082,544 shares of the specialty chemicals company's stock valued at $7,711,004,000 after purchasing an additional 245,896 shares during the last quarter. Capital Research Global Investors lifted its stake in shares of Sherwin-Williams by 47.1% in the fourth quarter. Capital Research Global Investors now owns 2,998,647 shares of the specialty chemicals company's stock worth $1,019,329,000 after buying an additional 960,724 shares in the last quarter. Northern Trust Corp lifted its stake in shares of Sherwin-Williams by 28.0% in the fourth quarter. Northern Trust Corp now owns 2,725,827 shares of the specialty chemicals company's stock worth $926,590,000 after buying an additional 595,586 shares in the last quarter. Barclays PLC grew its holdings in shares of Sherwin-Williams by 54.2% during the fourth quarter. Barclays PLC now owns 2,073,533 shares of the specialty chemicals company's stock valued at $704,855,000 after buying an additional 728,798 shares during the last quarter. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its position in shares of Sherwin-Williams by 6.5% during the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 1,826,498 shares of the specialty chemicals company's stock valued at $620,881,000 after acquiring an additional 111,128 shares in the last quarter. 77.67% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

SHW has been the topic of several analyst reports. Loop Capital lowered their price objective on Sherwin-Williams from $395.00 to $380.00 and set a "buy" rating on the stock in a research report on Wednesday, July 23rd. JPMorgan Chase & Co. lowered their price target on Sherwin-Williams from $390.00 to $378.00 and set an "overweight" rating on the stock in a report on Wednesday, July 23rd. Wells Fargo & Company reduced their price objective on Sherwin-Williams from $420.00 to $400.00 and set an "overweight" rating for the company in a report on Wednesday, July 23rd. Bank of America boosted their target price on Sherwin-Williams from $289.00 to $296.00 and gave the stock an "underperform" rating in a research report on Monday, June 23rd. Finally, Morgan Stanley dropped their price target on shares of Sherwin-Williams from $405.00 to $385.00 and set an "overweight" rating on the stock in a report on Tuesday, April 22nd. One analyst has rated the stock with a sell rating, six have issued a hold rating, ten have assigned a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $383.33.

Sherwin-Williams Stock Down 0.4%

SHW opened at $350.83 on Thursday. The firm's 50 day simple moving average is $345.83 and its two-hundred day simple moving average is $348.05. The company has a market capitalization of $87.47 billion, a PE ratio of 34.80, a PEG ratio of 3.33 and a beta of 1.16. The Sherwin-Williams Company has a 1-year low of $308.84 and a 1-year high of $400.42. The company has a current ratio of 0.78, a quick ratio of 0.48 and a debt-to-equity ratio of 1.78.

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

Sherwin-Williams Announces Dividend

The business 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 dividend of $0.79 per share. The ex-dividend date is Friday, August 15th. This represents a $3.16 dividend on an annualized basis and a dividend yield of 0.9%. Sherwin-Williams's payout ratio is 31.35%.

Sherwin-Williams Company 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.

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