Golden State Equity Partners Lowers Stock Holdings in The Sherwin-Williams Company (NYSE:SHW)

Golden State Equity Partners lessened its position in The Sherwin-Williams Company (NYSE:SHW - Free Report) by 60.7% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 912 shares of the specialty chemicals company's stock after selling 1,409 shares during the quarter. Golden State Equity Partners' holdings in Sherwin-Williams were worth $318,000 at the end of the most recent reporting period.

Several other hedge funds have also recently bought and sold shares of the company. Park Square Financial Group LLC purchased a new stake in Sherwin-Williams during the fourth quarter worth about $27,000. Perkins Coie Trust Co purchased a new stake in Sherwin-Williams during the 1st quarter worth approximately $27,000. Lee Danner & Bass Inc. purchased a new stake in Sherwin-Williams during the 4th quarter worth approximately $28,000. WR Wealth Planners LLC lifted its holdings in Sherwin-Williams by 41.7% during the 4th quarter. WR Wealth Planners LLC now owns 119 shares of the specialty chemicals company's stock worth $40,000 after buying an additional 35 shares in the last quarter. Finally, HWG Holdings LP purchased a new position in Sherwin-Williams in the 1st quarter valued at approximately $46,000. Institutional investors and hedge funds own 77.67% of the company's stock.

Sherwin-Williams Stock Performance

Shares of SHW stock opened at $342.15 on Friday. The stock's 50-day moving average is $348.96 and its two-hundred day moving average is $348.63. 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 Sherwin-Williams Company has a 1 year low of $292.33 and a 1 year high of $400.42. The firm has a market cap of $85.74 billion, a price-to-earnings ratio of 32.34, a PEG ratio of 3.09 and a beta of 1.21.

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, beating analysts' consensus estimates of $2.23 by $0.02. The firm had revenue of $5.31 billion during the quarter, compared to analysts' expectations of $5.42 billion. Sherwin-Williams had a return on equity of 71.86% and a net margin of 11.63%. The business's revenue was down 1.1% on a year-over-year basis. During the same period in the prior year, the firm earned $2.17 EPS. Analysts predict that The Sherwin-Williams Company will post 12 earnings per share for the current year.

Sherwin-Williams Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, June 6th. Investors of record on Friday, May 16th were given a $0.79 dividend. The ex-dividend date was Friday, May 16th. This represents a $3.16 annualized dividend and a yield of 0.92%. Sherwin-Williams's dividend payout ratio (DPR) is 29.87%.

Analysts Set New Price Targets

Several brokerages have recently issued reports on SHW. Mizuho set a $395.00 price objective on Sherwin-Williams in a research note on Tuesday, April 15th. Citigroup cut Sherwin-Williams from a "buy" rating to a "neutral" rating and lowered their target price for the stock from $405.00 to $385.00 in a research note on Friday, June 13th. Wells Fargo & Company raised 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. UBS Group decreased their price objective on Sherwin-Williams from $430.00 to $400.00 and set a "buy" rating for the company in a research note on Monday, April 7th. Finally, Barclays cut their target price on shares of Sherwin-Williams from $385.00 to $355.00 and set an "equal weight" rating on the stock in a research note on Tuesday, April 1st. One research analyst has rated the stock with a sell rating, six have assigned a hold rating, ten have given a buy rating and two have given a strong buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average target price of $391.31.

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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