Legacy Advisors LLC Buys 1,067 Shares of The Sherwin-Williams Company (NYSE:SHW)

Legacy Advisors LLC lifted its position in The Sherwin-Williams Company (NYSE:SHW - Free Report) by 26.8% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 5,046 shares of the specialty chemicals company's stock after buying an additional 1,067 shares during the quarter. Legacy Advisors LLC's holdings in Sherwin-Williams were worth $1,762,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Brighton Jones LLC boosted its position in Sherwin-Williams by 73.6% during the fourth quarter. Brighton Jones LLC now owns 1,545 shares of the specialty chemicals company's stock worth $525,000 after purchasing an additional 655 shares during the period. Sigma Planning Corp boosted its position in Sherwin-Williams by 5.6% during the fourth quarter. Sigma Planning Corp now owns 2,044 shares of the specialty chemicals company's stock worth $695,000 after purchasing an additional 108 shares during the period. Howard Capital Management Inc. boosted its position in Sherwin-Williams by 4.3% during the fourth quarter. Howard Capital Management Inc. now owns 1,489 shares of the specialty chemicals company's stock worth $506,000 after purchasing an additional 62 shares during the period. Forvis Mazars Wealth Advisors LLC boosted its position in Sherwin-Williams by 4.3% during the fourth quarter. Forvis Mazars Wealth Advisors LLC now owns 4,084 shares of the specialty chemicals company's stock worth $1,388,000 after purchasing an additional 169 shares during the period. Finally, MONECO Advisors LLC boosted its position in Sherwin-Williams by 8.3% during the fourth quarter. MONECO Advisors LLC now owns 949 shares of the specialty chemicals company's stock worth $323,000 after purchasing an additional 73 shares during the period. 77.67% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently issued reports on SHW shares. Morgan Stanley reduced their target price on shares of Sherwin-Williams from $405.00 to $385.00 and set an "overweight" rating for the company in a research report on Tuesday, April 22nd. Bank of America lifted 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. Citigroup downgraded shares of Sherwin-Williams from a "buy" rating to a "neutral" rating and cut their price objective for the company from $405.00 to $385.00 in a report on Friday, June 13th. Jefferies Financial Group reissued a "hold" rating and issued a $380.00 price objective (down previously from $423.00) on shares of Sherwin-Williams in a report on Monday, March 10th. Finally, Wells Fargo & Company raised shares of Sherwin-Williams from an "equal weight" rating to an "overweight" rating and boosted their price objective for the company from $350.00 to $420.00 in a report on Wednesday, April 30th. One research analyst has rated the stock with a sell rating, six have given a hold rating, ten have given a buy rating and two have given a strong buy rating to the company's stock. Based on data from MarketBeat, Sherwin-Williams currently has an average rating of "Moderate Buy" and an average target price of $391.31.

Sherwin-Williams Price Performance

Shares of Sherwin-Williams stock traded up $2.03 on Tuesday, reaching $345.80. 1,584,065 shares of the stock were exchanged, compared to its average volume of 1,724,793. The firm's 50 day moving average is $348.54 and its 200-day moving average is $348.90. The Sherwin-Williams Company has a one year low of $292.27 and a one year high of $400.42. 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 firm has a market cap of $86.66 billion, a PE ratio of 32.68, a P/E/G ratio of 3.12 and a beta of 1.21.

Sherwin-Williams (NYSE:SHW - Get Free Report) last issued its quarterly earnings results on Tuesday, April 29th. The specialty chemicals company reported $2.25 earnings per share for the quarter, topping analysts' consensus estimates of $2.23 by $0.02. Sherwin-Williams had a net margin of 11.63% and a return on equity of 71.86%. The company had revenue of $5.31 billion during the quarter, compared to the consensus estimate of $5.42 billion. During the same quarter in the prior year, the firm posted $2.17 EPS. The firm's quarterly revenue was down 1.1% on a year-over-year basis. As a group, analysts anticipate that The Sherwin-Williams Company will post 12 EPS for the current fiscal year.

Sherwin-Williams Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, June 6th. Stockholders of record on Friday, May 16th were issued a dividend of $0.79 per share. This represents a $3.16 dividend on an annualized basis and a dividend yield of 0.91%. The ex-dividend date was Friday, May 16th. Sherwin-Williams's dividend payout ratio (DPR) is presently 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.