3,166 Shares in The Sherwin-Williams Company (NYSE:SHW) Acquired by Mullooly Asset Management Inc.

Key Points

• Mullooly Asset Management Inc. has acquired a new position in The Sherwin-Williams Company, purchasing 3,166 shares valued at approximately $1,106,000.
• The Sherwin-Williams Company reported earnings of $3.38 per share for the last quarter, falling short of analysts' consensus estimate of $3.76.
• The company declared a quarterly dividend of $0.79, which will be distributed to shareholders on September 5th, reflecting an annualized dividend yield of 0.9%.

Mullooly Asset Management Inc. acquired a new position in The Sherwin-Williams Company (NYSE:SHW - Free Report) during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 3,166 shares of the specialty chemicals company's stock, valued at approximately $1,106,000. Sherwin-Williams accounts for 0.0% of Mullooly Asset Management Inc.'s investment portfolio, making the stock its 18th largest position.

Several other institutional investors have also recently made changes to their positions in SHW. Park Square Financial Group LLC bought a new stake in Sherwin-Williams during the 4th quarter worth approximately $27,000. Perkins Coie Trust Co bought a new stake in Sherwin-Williams during the 1st quarter worth approximately $27,000. Synergy Investment Management LLC raised its stake in Sherwin-Williams by 583.3% during the 1st quarter. Synergy Investment Management LLC now owns 82 shares of the specialty chemicals company's stock worth $29,000 after acquiring an additional 70 shares during the period. Barnes Dennig Private Wealth Management LLC bought a new stake in shares of Sherwin-Williams during the first quarter valued at approximately $30,000. Finally, HWG Holdings LP bought a new stake in shares of Sherwin-Williams during the first quarter valued at approximately $46,000. Institutional investors own 77.67% of the company's stock.

Wall Street Analyst Weigh In

Several research firms have recently issued reports on SHW. Morgan Stanley reduced their price objective on shares of Sherwin-Williams from $405.00 to $385.00 and set an "overweight" rating on the stock in a research report on Tuesday, April 22nd. BMO Capital Markets cut their target price on shares of Sherwin-Williams from $405.00 to $391.00 and set an "outperform" rating for the company in a report on Wednesday, July 23rd. Mizuho cut their target price on shares of Sherwin-Williams from $400.00 to $385.00 and set an "outperform" rating for the company in a report on Wednesday, July 23rd. Royal Bank Of Canada raised their target price 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. Finally, 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, June 23rd. One research analyst has rated the stock with a sell rating, six have assigned a hold rating, ten have given a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average target price of $383.33.

Sherwin-Williams Stock Up 1.2%

NYSE:SHW traded up $4.01 during mid-day trading on Tuesday, reaching $351.86. The company's stock had a trading volume of 1,565,346 shares, compared to its average volume of 1,775,640. The firm has a market capitalization of $87.73 billion, a PE ratio of 34.91, a price-to-earnings-growth ratio of 3.25 and a beta of 1.16. The stock has a fifty day moving average of $346.05 and a 200-day moving average of $348.01. The Sherwin-Williams Company has a 1 year low of $308.84 and a 1 year high of $400.42. The company has a quick ratio of 0.48, a current ratio of 0.78 and a debt-to-equity ratio of 1.78.

Sherwin-Williams (NYSE:SHW - Get Free Report) last posted its quarterly earnings data on Tuesday, July 22nd. The specialty chemicals company reported $3.38 earnings per share (EPS) for the quarter, missing the consensus estimate of $3.76 by ($0.38). The company had revenue of $6.31 billion for the quarter, compared to analyst estimates of $6.31 billion. Sherwin-Williams had a net margin of 11.03% and a return on equity of 66.91%. The business's revenue was up .6% compared to the same quarter last year. During the same quarter last year, the company earned $3.70 EPS. Equities research analysts forecast that The Sherwin-Williams Company will post 12 earnings per share for the current year.

Sherwin-Williams Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, September 5th. Investors of record on Friday, August 15th will be issued a $0.79 dividend. This represents a $3.16 annualized dividend and a yield of 0.9%. The ex-dividend date is Friday, August 15th. Sherwin-Williams's payout ratio is 31.35%.

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.