Hennion & Walsh Asset Management Inc. Acquires 3,077 Shares of The Sherwin-Williams Company (NYSE:SHW)

Hennion & Walsh Asset Management Inc. raised its holdings in shares of The Sherwin-Williams Company (NYSE:SHW - Free Report) by 122.2% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 5,594 shares of the specialty chemicals company's stock after purchasing an additional 3,077 shares during the period. Hennion & Walsh Asset Management Inc.'s holdings in Sherwin-Williams were worth $1,953,000 at the end of the most recent quarter.

Other large investors have also made changes to their positions in the company. Midwest Capital Advisors LLC acquired a new position in shares of Sherwin-Williams during the fourth quarter worth $26,000. Park Square Financial Group LLC acquired a new position in shares of Sherwin-Williams during the fourth quarter worth $27,000. Lee Danner & Bass Inc. acquired a new position in shares of Sherwin-Williams during the fourth quarter worth $28,000. Sierra Ocean LLC acquired a new position in shares of Sherwin-Williams during the fourth quarter worth $36,000. Finally, WR Wealth Planners LLC increased its position in shares of Sherwin-Williams by 41.7% during the fourth quarter. WR Wealth Planners LLC now owns 119 shares of the specialty chemicals company's stock worth $40,000 after purchasing an additional 35 shares in the last quarter. 77.67% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently weighed in on SHW shares. Jefferies Financial Group reissued a "hold" rating and set a $380.00 price objective (down from $423.00) on shares of Sherwin-Williams in a report on Monday, March 10th. Mizuho set a $395.00 price objective on shares of Sherwin-Williams in a report on Tuesday, April 15th. Royal Bank of Canada boosted their price objective on shares of Sherwin-Williams from $410.00 to $420.00 and gave the company an "outperform" rating in a report on Thursday, May 1st. UBS Group dropped their price objective on shares of Sherwin-Williams from $430.00 to $400.00 and set a "buy" rating on the stock in a report on Monday, April 7th. Finally, Citigroup dropped their price objective on shares of Sherwin-Williams from $423.00 to $375.00 and set a "buy" rating on the stock in a report on Tuesday, April 8th. Five equities research analysts have rated the stock with a hold rating, eleven have assigned a buy rating and two have issued a strong buy rating to the company's stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average target price of $397.00.

Sherwin-Williams Trading Down 1.2%

SHW stock opened at $357.74 on Friday. The company's 50-day simple moving average is $345.92 and its 200-day simple moving average is $353.22. The company has a quick ratio of 0.46, a current ratio of 0.79 and a debt-to-equity ratio of 2.02. The Sherwin-Williams Company has a 52-week low of $282.09 and a 52-week high of $400.42. The firm has a market cap of $89.65 billion, a P/E ratio of 33.91, a PEG ratio of 2.98 and a beta of 1.25.

Sherwin-Williams (NYSE:SHW - Get Free Report) last posted its earnings results on Tuesday, April 29th. The specialty chemicals company reported $2.25 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.23 by $0.02. Sherwin-Williams had a net margin of 11.61% and a return on equity of 74.50%. The business had revenue of $5.31 billion for the quarter, compared to analyst estimates of $5.42 billion. During the same period in the prior year, the company posted $2.17 EPS. The company's revenue for the quarter was down 1.1% on a year-over-year basis. As a group, equities analysts forecast that The Sherwin-Williams Company will post 12 EPS for the current fiscal year.

Sherwin-Williams Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, June 6th. Stockholders of record on Friday, May 16th will be paid a dividend of $0.79 per share. This represents a $3.16 annualized dividend and a dividend yield of 0.88%. The ex-dividend date of this dividend is Friday, May 16th. Sherwin-Williams's payout ratio is currently 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.

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