Mutual Advisors LLC Takes Position in The Sherwin-Williams Company (NYSE:SHW)

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

A number of other institutional investors and hedge funds have also recently bought and sold shares of SHW. Coppell Advisory Solutions LLC boosted its stake in shares of Sherwin-Williams by 2.7% during the fourth quarter. Coppell Advisory Solutions LLC now owns 1,146 shares of the specialty chemicals company's stock valued at $388,000 after acquiring an additional 30 shares during the last quarter. Opal Wealth Advisors LLC raised its holdings in shares of Sherwin-Williams by 4.2% in the 1st quarter. Opal Wealth Advisors LLC now owns 791 shares of the specialty chemicals company's stock worth $276,000 after purchasing an additional 32 shares during the period. Ashton Thomas Securities LLC raised its holdings in shares of Sherwin-Williams by 1.5% in the 4th quarter. Ashton Thomas Securities LLC now owns 2,228 shares of the specialty chemicals company's stock worth $757,000 after purchasing an additional 34 shares during the period. Avantax Planning Partners Inc. raised its holdings in shares of Sherwin-Williams by 2.4% in the 4th quarter. Avantax Planning Partners Inc. now owns 1,515 shares of the specialty chemicals company's stock worth $515,000 after purchasing an additional 35 shares during the period. Finally, Zhang Financial LLC raised its holdings in shares of Sherwin-Williams by 2.2% in the 1st quarter. Zhang Financial LLC now owns 1,696 shares of the specialty chemicals company's stock worth $592,000 after purchasing an additional 36 shares during the period. Institutional investors and hedge funds own 77.67% of the company's stock.

Sherwin-Williams Stock Performance

SHW traded up $0.26 during trading on Thursday, hitting $351.80. The stock had a trading volume of 1,216,367 shares, compared to its average volume of 1,722,700. The company has a 50 day moving average price of $351.43 and a 200-day moving average price of $347.96. The firm has a market cap of $88.16 billion, a price-to-earnings ratio of 33.25, a P/E/G ratio of 3.16 and a beta of 1.18. The Sherwin-Williams Company has a one year low of $306.63 and a one year high of $400.42. The company has a debt-to-equity ratio of 1.90, a current ratio of 0.77 and a quick ratio of 0.45.

Sherwin-Williams (NYSE:SHW - Get Free Report) last posted its quarterly 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. Sherwin-Williams had a return on equity of 71.86% and a net margin of 11.63%. The company had revenue of $5.31 billion during the quarter, compared to analysts' expectations of $5.42 billion. During the same quarter in the previous year, the firm earned $2.17 EPS. Sherwin-Williams's revenue was down 1.1% on a year-over-year basis. As a group, research analysts predict that The Sherwin-Williams Company will post 12 EPS for the current year.

Sherwin-Williams Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, June 6th. Shareholders of record on Friday, May 16th were issued a $0.79 dividend. The ex-dividend date of this dividend was Friday, May 16th. This represents a $3.16 dividend on an annualized basis and a yield of 0.90%. Sherwin-Williams's payout ratio is presently 29.87%.

Analyst Ratings Changes

SHW has been the topic of a number of research reports. Royal Bank Of Canada raised their price objective on Sherwin-Williams from $410.00 to $420.00 and gave the stock an "outperform" rating in a report on Thursday, May 1st. Citigroup downgraded Sherwin-Williams from a "buy" rating to a "neutral" rating and dropped their target price for the company from $405.00 to $385.00 in a report on Friday, June 13th. UBS Group raised their target price on Sherwin-Williams from $398.00 to $410.00 and gave the company a "buy" rating in a report on Wednesday. Morgan Stanley dropped their target price on Sherwin-Williams from $405.00 to $385.00 and set an "overweight" rating on the stock in a report on Tuesday, April 22nd. Finally, Wells Fargo & Company upgraded Sherwin-Williams from an "equal weight" rating to an "overweight" rating and raised their price objective for the company from $350.00 to $420.00 in a research note on Wednesday, April 30th. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating, ten have issued a buy rating and two have issued a strong buy rating to the company's stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average target price of $391.94.

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.