Hartford Funds Management Co LLC Invests $430,000 in The Sherwin-Williams Company (NYSE:SHW)

Hartford Funds Management Co LLC bought a new position in shares of The Sherwin-Williams Company (NYSE:SHW - Free Report) during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor bought 1,232 shares of the specialty chemicals company's stock, valued at approximately $430,000.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in the company. Coppell Advisory Solutions LLC lifted its position in Sherwin-Williams by 2.7% in the fourth quarter. Coppell Advisory Solutions LLC now owns 1,146 shares of the specialty chemicals company's stock worth $388,000 after buying an additional 30 shares during the last quarter. Opal Wealth Advisors LLC lifted its position 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 worth $276,000 after buying an additional 32 shares during the last quarter. Ashton Thomas Securities LLC lifted its position 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 worth $757,000 after buying an additional 34 shares during the last quarter. YANKCOM Partnership lifted its position in Sherwin-Williams by 8.8% in the first quarter. YANKCOM Partnership now owns 420 shares of the specialty chemicals company's stock worth $147,000 after buying an additional 34 shares during the last quarter. Finally, Kornitzer Capital Management Inc. KS lifted its stake in Sherwin-Williams by 4.9% in the first quarter. Kornitzer Capital Management Inc. KS now owns 755 shares of the specialty chemicals company's stock worth $264,000 after purchasing an additional 35 shares during the last quarter. Hedge funds and other institutional investors own 77.67% of the company's stock.

Analysts Set New Price Targets

Several analysts have issued reports on the stock. 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 research note on Tuesday, April 22nd. Bank of America raised their price objective on shares of Sherwin-Williams from $289.00 to $296.00 and gave the stock an "underperform" rating in a research note on Monday, June 23rd. Royal Bank Of Canada raised their price objective on shares of Sherwin-Williams from $410.00 to $420.00 and gave the stock an "outperform" rating in a research note on Thursday, May 1st. BMO Capital Markets decreased their price objective on shares of Sherwin-Williams from $405.00 to $391.00 and set an "outperform" rating for the company in a research note on Wednesday. Finally, Loop Capital decreased their price objective on shares of Sherwin-Williams from $395.00 to $380.00 and set a "buy" rating for the company in a research note on Wednesday. One analyst has rated the stock with a sell rating, six have assigned a hold rating, eleven have given a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of "Moderate Buy" and an average price target of $385.29.

Sherwin-Williams Stock Down 0.9%

NYSE:SHW traded down $2.92 during trading hours on Thursday, reaching $340.02. The company's stock had a trading volume of 1,432,859 shares, compared to its average volume of 1,754,370. The company has a market capitalization of $85.21 billion, a P/E ratio of 33.76, a price-to-earnings-growth ratio of 3.26 and a beta of 1.18. The Sherwin-Williams Company has a 12 month low of $308.84 and a 12 month high of $400.42. The company has a debt-to-equity ratio of 1.78, a quick ratio of 0.45 and a current ratio of 0.78. The stock has a 50 day moving average price of $349.04 and a two-hundred day moving average price of $348.04.

Sherwin-Williams (NYSE:SHW - Get Free Report) last issued its quarterly earnings data on Tuesday, July 22nd. The specialty chemicals company reported $3.38 EPS for the quarter, missing analysts' consensus estimates of $3.75 by ($0.37). The business had revenue of $6.31 billion during the quarter, compared to the consensus estimate of $6.31 billion. Sherwin-Williams had a return on equity of 66.91% and a net margin of 11.03%. The business's quarterly revenue was up .6% on a year-over-year basis. During the same period last year, the firm earned $3.70 EPS. Equities analysts predict that The Sherwin-Williams Company will post 12 EPS for the current fiscal year.

Sherwin-Williams Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, September 5th. Investors of record on Friday, August 15th will be paid a $0.79 dividend. This represents a $3.16 dividend on an annualized basis and a yield of 0.93%. The ex-dividend date of this dividend is Friday, August 15th. Sherwin-Williams's dividend payout ratio (DPR) is 29.87%.

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.