Genus Capital Management Inc. Acquires Shares of 6,530 The Sherwin-Williams Company (NYSE:SHW)

Genus Capital Management Inc. bought a new position in shares of The Sherwin-Williams Company (NYSE:SHW - Free Report) during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 6,530 shares of the specialty chemicals company's stock, valued at approximately $2,280,000.

Several other large investors also recently made changes to their positions in the business. Coppell Advisory Solutions LLC grew its holdings in shares of Sherwin-Williams by 2.7% during the fourth quarter. Coppell Advisory Solutions LLC now owns 1,146 shares of the specialty chemicals company's stock worth $388,000 after purchasing an additional 30 shares during the last quarter. Opal Wealth Advisors LLC boosted its holdings in Sherwin-Williams by 4.2% in the first quarter. Opal Wealth Advisors LLC now owns 791 shares of the specialty chemicals company's stock valued at $276,000 after acquiring an additional 32 shares during the last quarter. Ashton Thomas Securities LLC boosted its holdings in Sherwin-Williams by 1.5% in the fourth quarter. Ashton Thomas Securities LLC now owns 2,228 shares of the specialty chemicals company's stock valued at $757,000 after acquiring an additional 34 shares during the last quarter. YANKCOM Partnership boosted its holdings in Sherwin-Williams by 8.8% in the first quarter. YANKCOM Partnership now owns 420 shares of the specialty chemicals company's stock valued at $147,000 after acquiring an additional 34 shares during the last quarter. Finally, Zhang Financial LLC boosted its holdings in Sherwin-Williams by 2.2% in the first quarter. Zhang Financial LLC now owns 1,696 shares of the specialty chemicals company's stock valued at $592,000 after acquiring an additional 36 shares during the last quarter. Institutional investors own 77.67% of the company's stock.

Sherwin-Williams Price Performance

Shares of Sherwin-Williams stock traded down $5.93 on Friday, reaching $345.90. The stock 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 market cap of $86.68 billion, a P/E ratio of 32.69, a price-to-earnings-growth ratio of 3.16 and a beta of 1.18. The company has a current ratio of 0.77, a quick ratio of 0.45 and a debt-to-equity ratio of 1.90. The business's 50 day moving average is $351.40 and its two-hundred day moving average is $348.01.

Sherwin-Williams (NYSE:SHW - Get Free Report) last announced its quarterly 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. The firm had revenue of $5.31 billion for the quarter, compared to the consensus estimate of $5.42 billion. Sherwin-Williams had a net margin of 11.63% and a return on equity of 71.86%. The company's revenue for the quarter was down 1.1% on a year-over-year basis. During the same period in the prior year, the firm posted $2.17 earnings per share. As a group, research analysts anticipate that The Sherwin-Williams Company will post 12 EPS for the current year.

Sherwin-Williams Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, June 6th. Stockholders of record on Friday, May 16th were issued a $0.79 dividend. 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 29.87%.

Wall Street Analysts Forecast Growth

Several equities analysts recently issued reports on the company. Bank of America raised their price target on Sherwin-Williams from $289.00 to $296.00 and gave the company an "underperform" rating in a report on Monday, June 23rd. Wells Fargo & Company upgraded Sherwin-Williams from an "equal weight" rating to an "overweight" rating and raised their target price for the stock from $350.00 to $420.00 in a report on Wednesday, April 30th. Barclays reduced their target price on Sherwin-Williams from $385.00 to $355.00 and set an "equal weight" rating on the stock in a report on Tuesday, April 1st. Citigroup cut Sherwin-Williams from a "buy" rating to a "neutral" rating and reduced their target price for the stock from $405.00 to $385.00 in a report on Friday, June 13th. Finally, Morgan Stanley reduced their target price on Sherwin-Williams from $405.00 to $385.00 and set an "overweight" rating on the stock in a report on Tuesday, April 22nd. One equities research analyst has rated the stock with a sell rating, six have given a hold rating, ten have issued a buy rating and two have assigned a strong buy rating to the stock. According to MarketBeat.com, Sherwin-Williams has an average rating of "Moderate Buy" and an average target price of $391.94.

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.