2,687 Shares in The Sherwin-Williams Company (NYSE:SHW) Bought by Mattson Financial Services LLC

Mattson Financial Services LLC acquired a new position in shares of The Sherwin-Williams Company (NYSE:SHW - Free Report) in the fourth quarter, according to its most recent disclosure with the SEC. The firm acquired 2,687 shares of the specialty chemicals company's stock, valued at approximately $913,000.

Other hedge funds also recently added to or reduced their stakes in the company. Midwest Capital Advisors LLC acquired a new stake in Sherwin-Williams during the 4th quarter worth approximately $26,000. Park Square Financial Group LLC acquired a new stake in Sherwin-Williams during the 4th quarter worth approximately $27,000. Lee Danner & Bass Inc. acquired a new stake in Sherwin-Williams during the 4th quarter worth approximately $28,000. Sierra Ocean LLC acquired a new stake in Sherwin-Williams during the 4th quarter worth approximately $36,000. Finally, WR Wealth Planners LLC lifted its position 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 acquiring an additional 35 shares during the period. 77.67% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several research firms have recently commented on SHW. Barclays reduced their price target on Sherwin-Williams from $385.00 to $355.00 and set an "equal weight" rating for the company in a report on Tuesday, April 1st. JPMorgan Chase & Co. raised their price target on Sherwin-Williams from $370.00 to $390.00 and gave the company an "overweight" rating in a report on Monday, February 3rd. Jefferies Financial Group reissued a "hold" rating and issued a $380.00 price target (down from $423.00) on shares of Sherwin-Williams in a report on Monday, March 10th. Wells Fargo & Company raised Sherwin-Williams from an "equal weight" rating to an "overweight" rating and raised their price target for the company from $350.00 to $420.00 in a report on Wednesday, April 30th. Finally, Morgan Stanley reduced their price target on Sherwin-Williams from $405.00 to $385.00 and set an "overweight" rating for the company in a report on Tuesday, April 22nd. Five investment analysts have rated the stock with a hold rating, eleven have given a buy rating and two have assigned a strong buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $397.00.

Sherwin-Williams Price Performance

NYSE SHW traded up $3.08 on Friday, reaching $358.83. 2,509,202 shares of the stock traded hands, compared to its average volume of 1,742,634. The firm's fifty day simple moving average is $344.83 and its 200 day simple moving average is $353.41. 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 company has a market cap of $89.92 billion, a price-to-earnings ratio of 34.01, a P/E/G ratio of 2.98 and a beta of 1.25. The Sherwin-Williams Company has a 12 month low of $282.09 and a 12 month high of $400.42.

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

Sherwin-Williams Announces Dividend

The business also recently disclosed 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 dividend payout ratio is presently 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.