Nicholson Meyer Capital Management Inc. Acquires Shares of 1,940 The Sherwin-Williams Company (NYSE:SHW)

Nicholson Meyer Capital Management Inc. bought a new stake in shares of The Sherwin-Williams Company (NYSE:SHW - Free Report) during the first quarter, according to its most recent 13F filing with the SEC. The institutional investor bought 1,940 shares of the specialty chemicals company's stock, valued at approximately $677,000. Sherwin-Williams accounts for approximately 0.6% of Nicholson Meyer Capital Management Inc.'s investment portfolio, making the stock its 24th largest holding.

A number of other large investors also recently added to or reduced their stakes in SHW. Park Square Financial Group LLC acquired a new position in Sherwin-Williams in the fourth quarter valued at about $27,000. Perkins Coie Trust Co acquired a new position in Sherwin-Williams in the first quarter valued at about $27,000. Lee Danner & Bass Inc. acquired a new position in Sherwin-Williams in the fourth quarter valued at about $28,000. WR Wealth Planners LLC raised its position in shares of Sherwin-Williams by 41.7% during the fourth quarter. WR Wealth Planners LLC now owns 119 shares of the specialty chemicals company's stock worth $40,000 after purchasing an additional 35 shares during the period. Finally, HWG Holdings LP bought a new position in shares of Sherwin-Williams during the 1st quarter valued at about $46,000. 77.67% of the stock is currently owned by institutional investors and hedge funds.

Sherwin-Williams Stock Performance

Shares of NYSE SHW traded down $1.44 during midday trading on Wednesday, hitting $353.86. 644,589 shares of the company's stock were exchanged, compared to its average volume of 1,715,755. 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 Sherwin-Williams Company has a 12 month low of $292.33 and a 12 month high of $400.42. The company's 50 day moving average price is $350.09 and its 200 day moving average price is $348.06. The firm has a market capitalization of $88.68 billion, a PE ratio of 33.45, a price-to-earnings-growth ratio of 3.09 and a beta of 1.18.

Sherwin-Williams (NYSE:SHW - Get Free Report) last released its quarterly earnings results on Tuesday, April 29th. The specialty chemicals company reported $2.25 earnings per share for the quarter, topping the consensus estimate of $2.23 by $0.02. The business had revenue of $5.31 billion during the quarter, compared to analysts' expectations of $5.42 billion. Sherwin-Williams had a return on equity of 71.86% and a net margin of 11.63%. The firm's revenue for the quarter was down 1.1% compared to the same quarter last year. During the same period last year, the firm posted $2.17 EPS. As a group, analysts predict that The Sherwin-Williams Company will post 12 earnings per share for the current fiscal year.

Sherwin-Williams Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, June 6th. Shareholders of record on Friday, May 16th were given a dividend of $0.79 per share. This represents a $3.16 annualized dividend and a yield of 0.89%. The ex-dividend date of this dividend was Friday, May 16th. Sherwin-Williams's payout ratio is 29.87%.

Wall Street Analyst Weigh In

A number of research firms recently issued reports on SHW. Barclays lowered their target price 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. Citigroup cut Sherwin-Williams from a "buy" rating to a "neutral" rating and lowered their target price for the stock from $405.00 to $385.00 in a research note on Friday, June 13th. Jefferies Financial Group reissued a "hold" rating and set a $380.00 target price (down from $423.00) on shares of Sherwin-Williams in a research note on Monday, March 10th. UBS Group lowered their target price on Sherwin-Williams from $430.00 to $400.00 and set a "buy" rating for the company in a research note on Monday, April 7th. Finally, Morgan Stanley decreased their price objective on Sherwin-Williams from $405.00 to $385.00 and set an "overweight" rating for the company in a report on Tuesday, April 22nd. 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 stock. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $391.31.

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.