Mission Wealth Management LP Has $7.31 Million Stake in The Sherwin-Williams Company (NYSE:SHW)

Mission Wealth Management LP decreased its position in shares of The Sherwin-Williams Company (NYSE:SHW - Free Report) by 6.4% during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 20,930 shares of the specialty chemicals company's stock after selling 1,423 shares during the quarter. Mission Wealth Management LP's holdings in Sherwin-Williams were worth $7,309,000 at the end of the most recent reporting period.

Several other hedge funds also recently modified their holdings of SHW. Voleon Capital Management LP acquired a new position in Sherwin-Williams during the 4th quarter worth about $2,011,000. Kerusso Capital Management LLC lifted its holdings in Sherwin-Williams by 75.9% during the 4th quarter. Kerusso Capital Management LLC now owns 10,290 shares of the specialty chemicals company's stock worth $3,498,000 after buying an additional 4,439 shares during the period. Empower Advisory Group LLC lifted its holdings in Sherwin-Williams by 3.3% during the 4th quarter. Empower Advisory Group LLC now owns 322,925 shares of the specialty chemicals company's stock worth $109,772,000 after buying an additional 10,267 shares during the period. Horizon Investments LLC lifted its holdings in Sherwin-Williams by 2.7% during the 4th quarter. Horizon Investments LLC now owns 6,031 shares of the specialty chemicals company's stock worth $2,050,000 after buying an additional 161 shares during the period. Finally, Clark Capital Management Group Inc. lifted its holdings in Sherwin-Williams by 4.3% during the 4th quarter. Clark Capital Management Group Inc. now owns 1,494 shares of the specialty chemicals company's stock worth $508,000 after buying an additional 61 shares during the period. Institutional investors and hedge funds own 77.67% of the company's stock.

Wall Street Analysts Forecast Growth

Several brokerages have commented on SHW. Royal Bank of Canada lifted their target price on Sherwin-Williams from $410.00 to $420.00 and gave the stock an "outperform" rating in a report on Thursday, May 1st. UBS Group cut their target price on Sherwin-Williams from $430.00 to $400.00 and set a "buy" rating on the stock in a report on Monday, April 7th. Citigroup downgraded Sherwin-Williams from a "buy" rating to a "neutral" rating and dropped their price objective for the company from $405.00 to $385.00 in a research note on Friday. Barclays dropped their price objective on 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. Finally, Wells Fargo & Company raised 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 research note on Wednesday, April 30th. Six research analysts have rated the stock with a hold rating, ten have assigned a buy rating and two have assigned a strong buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $397.67.

Sherwin-Williams Stock Performance

Shares of Sherwin-Williams stock opened at $335.93 on Monday. The Sherwin-Williams Company has a one year low of $292.27 and a one year high of $400.42. The firm has a market capitalization of $84.18 billion, a price-to-earnings ratio of 31.84, a PEG ratio of 2.98 and a beta of 1.21. The business has a 50-day simple moving average of $348.16 and a 200 day simple moving average of $351.34. The company has a debt-to-equity ratio of 2.02, a current ratio of 0.79 and a quick ratio of 0.46.

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

Sherwin-Williams Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, June 6th. Stockholders of record on Friday, May 16th were paid a $0.79 dividend. This represents a $3.16 annualized dividend and a dividend yield of 0.94%. 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.

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