777 Shares in The Sherwin-Williams Company (NYSE:SHW) Purchased by Mutual Advisors LLC

Mutual Advisors LLC bought a new stake in The Sherwin-Williams Company (NYSE:SHW - Free Report) in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 777 shares of the specialty chemicals company's stock, valued at approximately $258,000.

Several other large investors have also modified their holdings of SHW. Voleon Capital Management LP purchased a new position in Sherwin-Williams during the 4th quarter worth $2,011,000. Kingswood Wealth Advisors LLC increased its holdings in shares of Sherwin-Williams by 25.0% in the 1st quarter. Kingswood Wealth Advisors LLC now owns 1,006 shares of the specialty chemicals company's stock valued at $352,000 after purchasing an additional 201 shares in the last quarter. Sowell Financial Services LLC purchased a new position in shares of Sherwin-Williams in the 1st quarter valued at about $306,000. Wealthcare Advisory Partners LLC increased its holdings in shares of Sherwin-Williams by 18.4% in the 1st quarter. Wealthcare Advisory Partners LLC now owns 882 shares of the specialty chemicals company's stock valued at $308,000 after purchasing an additional 137 shares in the last quarter. Finally, Horizon Investments LLC increased its holdings in shares of Sherwin-Williams by 2.7% in the 4th quarter. Horizon Investments LLC now owns 6,031 shares of the specialty chemicals company's stock valued at $2,050,000 after purchasing an additional 161 shares in the last quarter. Institutional investors and hedge funds own 77.67% of the company's stock.

Wall Street Analyst Weigh In

A number of equities research analysts recently commented on the stock. UBS Group increased their price objective on shares of Sherwin-Williams from $398.00 to $410.00 and gave the company a "buy" rating in a research note on Wednesday. Wells Fargo & Company raised shares of Sherwin-Williams from an "equal weight" rating to an "overweight" rating and raised their target price for the stock from $350.00 to $420.00 in a research report on Wednesday, April 30th. Barclays decreased their target price on shares of Sherwin-Williams from $385.00 to $355.00 and set an "equal weight" rating on the stock in a research report on Tuesday, April 1st. Citigroup cut shares of Sherwin-Williams from a "buy" rating to a "neutral" rating and decreased their target price for the stock from $405.00 to $385.00 in a research report on Friday, June 13th. Finally, Mizuho set a $395.00 target price on shares of Sherwin-Williams in a research report on Tuesday, April 15th. One analyst has rated the stock with a sell rating, six have assigned a hold rating, ten have issued a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average target price of $391.94.

Sherwin-Williams Stock Performance

Sherwin-Williams stock traded down $5.93 during mid-day trading on Friday, reaching $345.90. The company's stock had a trading volume of 1,029,076 shares, compared to its average volume of 1,719,958. The firm has a market cap of $86.68 billion, a price-to-earnings ratio of 32.69, a PEG ratio of 3.16 and a beta of 1.18. The business has a 50 day moving average price of $351.40 and a 200-day moving average price of $348.01. The company has a current ratio of 0.77, a quick ratio of 0.45 and a debt-to-equity ratio of 1.90. The Sherwin-Williams Company has a twelve month low of $306.63 and a twelve 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 EPS 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 firm had revenue of $5.31 billion during the quarter, compared to the consensus estimate of $5.42 billion. During the same quarter in the previous year, the company posted $2.17 earnings per share. The firm's revenue was down 1.1% on a year-over-year basis. Sell-side analysts predict that The Sherwin-Williams Company will post 12 EPS for the current fiscal year.

Sherwin-Williams Announces Dividend

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 annualized dividend and a dividend yield of 0.91%. The ex-dividend date of this dividend was Friday, May 16th. Sherwin-Williams's dividend payout ratio (DPR) is 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.