13,023 Shares in The Sherwin-Williams Company (NYSE:SHW) Purchased by Financial Gravity Asset Management Inc.

Financial Gravity Asset Management Inc. bought a new position in shares of The Sherwin-Williams Company (NYSE:SHW - Free Report) in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm bought 13,023 shares of the specialty chemicals company's stock, valued at approximately $4,548,000. Sherwin-Williams comprises about 1.0% of Financial Gravity Asset Management Inc.'s holdings, making the stock its 26th largest position.

A number of other hedge funds have also bought and sold shares of the company. Brighton Jones LLC grew its holdings in shares of Sherwin-Williams by 73.6% during the fourth quarter. Brighton Jones LLC now owns 1,545 shares of the specialty chemicals company's stock valued at $525,000 after buying an additional 655 shares during the last quarter. Proficio Capital Partners LLC raised its position in shares of Sherwin-Williams by 22.5% in the fourth quarter. Proficio Capital Partners LLC now owns 1,411 shares of the specialty chemicals company's stock valued at $479,000 after purchasing an additional 259 shares during the period. Independent Advisor Alliance raised its position in shares of Sherwin-Williams by 11.8% in the fourth quarter. Independent Advisor Alliance now owns 13,296 shares of the specialty chemicals company's stock valued at $4,520,000 after purchasing an additional 1,402 shares during the period. Sage Mountain Advisors LLC increased its holdings in Sherwin-Williams by 5.9% during the 4th quarter. Sage Mountain Advisors LLC now owns 1,412 shares of the specialty chemicals company's stock worth $480,000 after acquiring an additional 79 shares during the period. Finally, Citizens Financial Group Inc. RI increased its holdings in Sherwin-Williams by 35.8% during the 4th quarter. Citizens Financial Group Inc. RI now owns 5,668 shares of the specialty chemicals company's stock worth $1,927,000 after acquiring an additional 1,495 shares during the period. Institutional investors own 77.67% of the company's stock.

Wall Street Analysts Forecast Growth

A number of research firms recently weighed in on SHW. UBS Group upped their target price on shares of Sherwin-Williams from $398.00 to $410.00 and gave the stock a "buy" rating in a report on Wednesday. Barclays cut their price objective on shares of Sherwin-Williams from $385.00 to $355.00 and set an "equal weight" rating for the company in a research note on Tuesday, April 1st. Bank of America increased their price target on shares of Sherwin-Williams from $289.00 to $296.00 and gave the company an "underperform" rating in a research report on Monday, June 23rd. Wells Fargo & Company raised shares of Sherwin-Williams from an "equal weight" rating to an "overweight" rating and increased their price target for the company from $350.00 to $420.00 in a research report on Wednesday, April 30th. Finally, Morgan Stanley decreased their price objective on shares of Sherwin-Williams from $405.00 to $385.00 and set an "overweight" rating for the company in a report on Tuesday, April 22nd. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating, ten have issued a buy rating and two have issued a strong buy rating to the company's stock. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average price target of $391.94.

Sherwin-Williams Price Performance

Sherwin-Williams stock traded down $5.93 during trading on Friday, reaching $345.90. The company had a trading volume of 1,034,538 shares, compared to its average volume of 1,720,441. The Sherwin-Williams Company has a 1-year low of $308.84 and a 1-year high of $400.42. The company has a debt-to-equity ratio of 1.90, a quick ratio of 0.45 and a current ratio of 0.77. The firm's 50-day simple moving average is $351.12 and its 200 day simple moving average is $348.00. The firm has a market capitalization of $86.68 billion, a PE ratio of 32.69, a price-to-earnings-growth ratio of 3.16 and a beta of 1.18.

Sherwin-Williams (NYSE:SHW - Get Free Report) last posted its earnings results on Tuesday, April 29th. The specialty chemicals company reported $2.25 EPS for the quarter, beating analysts' consensus estimates of $2.23 by $0.02. The company had revenue of $5.31 billion for the quarter, compared to analysts' expectations of $5.42 billion. Sherwin-Williams had a net margin of 11.63% and a return on equity of 71.86%. Sherwin-Williams's revenue for the quarter was down 1.1% compared to the same quarter last year. During the same quarter in the prior year, the company posted $2.17 earnings per share. As a group, equities research analysts anticipate that The Sherwin-Williams Company will post 12 earnings per share for the current fiscal year.

Sherwin-Williams Dividend Announcement

The business also recently declared 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. This represents a $3.16 annualized dividend and a dividend yield of 0.91%. The ex-dividend date was Friday, May 16th. Sherwin-Williams's dividend payout ratio is presently 29.87%.

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.