Founders Financial Alliance LLC Invests $308,000 in The Sherwin-Williams Company (NYSE:SHW)

Key Points

• Founders Financial Alliance LLC acquired 882 shares of The Sherwin-Williams Company (NYSE:SHW) in Q1, worth approximately $308,000.
• Analysts have mixed views on SHW, with target prices ranging from $375.00 to $420.00, and a current consensus rating of "Moderate Buy".
• The company reported a missed earnings estimate of $3.38 EPS for the most recent quarter, falling short of the expected $3.76 EPS.

Founders Financial Alliance LLC purchased a new position in The Sherwin-Williams Company (NYSE:SHW - Free Report) in the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 882 shares of the specialty chemicals company's stock, valued at approximately $308,000.

Other large investors have also recently made changes to their positions in the company. Perkins Coie Trust Co bought a new stake in shares of Sherwin-Williams in the first quarter worth approximately $27,000. Park Square Financial Group LLC bought a new stake in shares of Sherwin-Williams in the fourth quarter worth approximately $27,000. Synergy Investment Management LLC grew its stake in shares of Sherwin-Williams by 583.3% in the first quarter. Synergy Investment Management LLC now owns 82 shares of the specialty chemicals company's stock worth $29,000 after acquiring an additional 70 shares during the period. Barnes Dennig Private Wealth Management LLC bought a new stake in shares of Sherwin-Williams in the first quarter worth approximately $30,000. Finally, HWG Holdings LP bought a new stake in shares of Sherwin-Williams in the first quarter worth approximately $46,000. 77.67% of the stock is currently owned by institutional investors.

Sherwin-Williams Price Performance

Shares of SHW stock traded up $2.65 during mid-day trading on Monday, hitting $354.81. The company had a trading volume of 2,626,023 shares, compared to its average volume of 1,965,015. The Sherwin-Williams Company has a 52-week low of $308.84 and a 52-week high of $400.42. The stock's 50 day moving average price is $345.58 and its 200-day moving average price is $347.80. The company has a debt-to-equity ratio of 1.78, a current ratio of 0.78 and a quick ratio of 0.48. The company has a market capitalization of $88.47 billion, a P/E ratio of 35.20, a P/E/G ratio of 3.33 and a beta of 1.16.

Sherwin-Williams (NYSE:SHW - Get Free Report) last released its earnings results 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%. Sherwin-Williams's quarterly revenue was up .6% compared to the same quarter last year. During the same period last year, the firm posted $3.70 EPS. Equities research analysts forecast that The Sherwin-Williams Company will post 12 earnings per share for the current year.

Sherwin-Williams Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, September 5th. Shareholders of record on Friday, August 15th will be given 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 yield of 0.9%. Sherwin-Williams's payout ratio is 31.35%.

Insiders Place Their Bets

In other Sherwin-Williams news, CAO James P. Lang sold 860 shares of the business's stock in a transaction on Wednesday, August 6th. The shares were sold at an average price of $350.35, for a total transaction of $301,301.00. Following the transaction, the chief accounting officer owned 377 shares in the company, valued at $132,081.95. The trade was a 69.52% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. 0.60% of the stock is owned by company insiders.

Analysts Set New Price Targets

A number of analysts have recently commented on SHW shares. Morgan Stanley reduced their price target on shares of Sherwin-Williams from $405.00 to $385.00 and set an "overweight" rating for the company in a research note on Tuesday, April 22nd. JPMorgan Chase & Co. cut their target price on shares of Sherwin-Williams from $390.00 to $378.00 and set an "overweight" rating for the company in a research report on Wednesday, July 23rd. BMO Capital Markets cut their target price on shares of Sherwin-Williams from $405.00 to $391.00 and set an "outperform" rating for the company in a research report on Wednesday, July 23rd. Wells Fargo & Company cut their target price on shares of Sherwin-Williams from $420.00 to $400.00 and set an "overweight" rating for the company in a research report on Wednesday, July 23rd. Finally, Mizuho cut their target price on shares of Sherwin-Williams from $400.00 to $385.00 and set an "outperform" rating for the company in a research report on Wednesday, July 23rd. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating, ten have given a buy rating and one has 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 $383.33.

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.