Mutual Advisors LLC Purchases Shares of 777 The Sherwin-Williams Company (NYSE:SHW)

Mutual Advisors LLC purchased a new stake in shares of The Sherwin-Williams Company (NYSE:SHW - Free Report) during the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm purchased 777 shares of the specialty chemicals company's stock, valued at approximately $258,000.

Other institutional investors and hedge funds have also bought and sold shares of the company. Park Square Financial Group LLC bought a new stake in Sherwin-Williams during the fourth quarter valued at about $27,000. Perkins Coie Trust Co purchased a new position in shares of Sherwin-Williams during the first quarter valued at about $27,000. Lee Danner & Bass Inc. purchased a new position in shares of Sherwin-Williams during the fourth quarter valued at about $28,000. Barnes Dennig Private Wealth Management LLC purchased a new position in shares of Sherwin-Williams during the first quarter valued at about $30,000. Finally, HWG Holdings LP purchased a new position in shares of Sherwin-Williams during the first quarter valued at about $46,000. 77.67% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of research analysts have recently weighed in on SHW shares. Royal Bank Of Canada raised their price objective on Sherwin-Williams from $410.00 to $420.00 and gave the company an "outperform" rating in a research report on Thursday, May 1st. Bank of America lifted their price target on Sherwin-Williams from $289.00 to $296.00 and gave the stock an "underperform" rating in a research report on Monday, June 23rd. Morgan Stanley dropped their price target on Sherwin-Williams from $405.00 to $385.00 and set an "overweight" rating for the company in a research report on Tuesday, April 22nd. Wells Fargo & Company upgraded Sherwin-Williams from an "equal weight" rating to an "overweight" rating and boosted their target price for the company from $350.00 to $420.00 in a research report on Wednesday, April 30th. Finally, Barclays decreased their price target on Sherwin-Williams from $385.00 to $355.00 and set an "equal weight" rating for the company in a research note on Tuesday, April 1st. One research analyst has rated the stock with a sell rating, six have given a hold rating, ten have assigned a buy rating and two have given a strong buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average target price of $391.31.

Sherwin-Williams Stock Down 0.1%

Shares of SHW opened at $345.98 on Wednesday. The Sherwin-Williams Company has a 52 week low of $297.86 and a 52 week high of $400.42. The company has a quick ratio of 0.45, a current ratio of 0.77 and a debt-to-equity ratio of 1.90. The company has a market capitalization of $86.70 billion, a price-to-earnings ratio of 32.70, a PEG ratio of 3.11 and a beta of 1.18. The stock's 50-day moving average price is $351.46 and its 200-day moving average price is $347.93.

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, topping analysts' consensus estimates of $2.23 by $0.02. The firm had revenue of $5.31 billion for the quarter, compared to the consensus estimate of $5.42 billion. Sherwin-Williams had a return on equity of 71.86% and a net margin of 11.63%. The company's revenue was down 1.1% compared to the same quarter last year. During the same quarter in the prior year, the business earned $2.17 earnings per share. On average, sell-side analysts predict that The Sherwin-Williams Company will post 12 EPS for the current year.

Sherwin-Williams Dividend Announcement

The firm also recently announced 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 payout ratio is 29.87%.

Sherwin-Williams 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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