Farther Finance Advisors LLC boosted its position in shares of The Sherwin-Williams Company (NYSE:SHW - Free Report) by 74.4% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 6,769 shares of the specialty chemicals company's stock after acquiring an additional 2,887 shares during the period. Farther Finance Advisors LLC's holdings in Sherwin-Williams were worth $2,373,000 at the end of the most recent quarter.
A number of other institutional investors and hedge funds have also recently bought and sold shares of SHW. Midwest Capital Advisors LLC acquired a new position in shares of Sherwin-Williams during the fourth quarter valued at about $26,000. Park Square Financial Group LLC acquired a new position in shares of Sherwin-Williams during the fourth quarter valued at about $27,000. Perkins Coie Trust Co acquired a new position in shares of Sherwin-Williams during the first quarter valued at about $27,000. Lee Danner & Bass Inc. acquired a new position in shares of Sherwin-Williams during the fourth quarter valued at about $28,000. Finally, Sierra Ocean LLC acquired a new position in shares of Sherwin-Williams during the fourth quarter valued at about $36,000. Institutional investors and hedge funds own 77.67% of the company's stock.
Analysts Set New Price Targets
A number of research firms recently weighed in on SHW. Morgan Stanley lowered their target price on shares of Sherwin-Williams from $405.00 to $385.00 and set an "overweight" rating on the stock in a research note on Tuesday, April 22nd. Jefferies Financial Group reissued a "hold" rating and issued a $380.00 target price (down previously from $423.00) on shares of Sherwin-Williams in a research note on Monday, March 10th. UBS Group lowered their target price on shares of Sherwin-Williams from $430.00 to $400.00 and set a "buy" rating on the stock in a research note on Monday, April 7th. Mizuho set a $395.00 target price on shares of Sherwin-Williams in a research note on Tuesday, April 15th. Finally, Wells Fargo & Company raised shares of Sherwin-Williams from an "equal weight" rating to an "overweight" rating and upped their target price for the company from $350.00 to $420.00 in a research note on Wednesday, April 30th. Five analysts have rated the stock with a hold rating, eleven have assigned a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat, Sherwin-Williams currently has a consensus rating of "Moderate Buy" and a consensus target price of $397.00.
Check Out Our Latest Analysis on SHW
Sherwin-Williams Price Performance
Shares of SHW stock traded down $0.97 during trading hours on Thursday, reaching $356.16. 888,049 shares of the company were exchanged, compared to its average volume of 1,716,906. The Sherwin-Williams Company has a fifty-two week low of $292.27 and a fifty-two week high of $400.42. The stock's fifty day moving average is $347.71 and its two-hundred day moving average is $352.35. The company has a market cap of $89.25 billion, a price-to-earnings ratio of 33.76, a P/E/G ratio of 2.98 and a beta of 1.21. The company has a debt-to-equity ratio of 2.02, a current ratio of 0.79 and a quick ratio of 0.46.
Sherwin-Williams (NYSE:SHW - Get Free Report) last announced its earnings results 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. Sherwin-Williams had a net margin of 11.61% and a return on equity of 74.50%. The company had revenue of $5.31 billion for the quarter, compared to analyst estimates of $5.42 billion. During the same period in the prior year, the business earned $2.17 earnings per share. Sherwin-Williams's quarterly revenue was down 1.1% on a year-over-year basis. 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 firm also recently disclosed a quarterly dividend, which was paid on Friday, June 6th. Investors of record on Friday, May 16th were issued a $0.79 dividend. The ex-dividend date of this dividend was Friday, May 16th. This represents a $3.16 annualized dividend and a yield of 0.89%. Sherwin-Williams's dividend payout ratio is currently 29.87%.
Sherwin-Williams Company Profile
(
Free Report)
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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