Palumbo Wealth Management LLC Acquires 2,044 Shares of The Sherwin-Williams Company (NYSE:SHW)

Palumbo Wealth Management LLC raised its position in The Sherwin-Williams Company (NYSE:SHW - Free Report) by 30.8% during the first quarter, according to the company in its most recent disclosure with the SEC. The firm owned 8,691 shares of the specialty chemicals company's stock after acquiring an additional 2,044 shares during the quarter. Sherwin-Williams makes up 1.0% of Palumbo Wealth Management LLC's portfolio, making the stock its 26th biggest holding. Palumbo Wealth Management LLC's holdings in Sherwin-Williams were worth $3,035,000 at the end of the most recent quarter.

A number of other institutional investors also recently bought and sold shares of SHW. Brighton Jones LLC raised its stake in shares of Sherwin-Williams by 73.6% in the fourth quarter. Brighton Jones LLC now owns 1,545 shares of the specialty chemicals company's stock worth $525,000 after buying an additional 655 shares during the period. Sigma Planning Corp raised its stake in shares of Sherwin-Williams by 5.6% in the fourth quarter. Sigma Planning Corp now owns 2,044 shares of the specialty chemicals company's stock worth $695,000 after buying an additional 108 shares during the period. ST. Nicholas Private Asset Management Inc. purchased a new stake in shares of Sherwin-Williams during the fourth quarter worth about $839,000. Howard Capital Management Inc. grew its position in shares of Sherwin-Williams by 4.3% during the fourth quarter. Howard Capital Management Inc. now owns 1,489 shares of the specialty chemicals company's stock worth $506,000 after purchasing an additional 62 shares in the last quarter. Finally, Forvis Mazars Wealth Advisors LLC grew its position in shares of Sherwin-Williams by 4.3% during the fourth quarter. Forvis Mazars Wealth Advisors LLC now owns 4,084 shares of the specialty chemicals company's stock worth $1,388,000 after purchasing an additional 169 shares in the last quarter. Institutional investors own 77.67% of the company's stock.

Analyst Ratings Changes

SHW has been the subject of several research analyst reports. Wells Fargo & Company upgraded Sherwin-Williams from an "equal weight" rating to an "overweight" rating and increased their target price for the stock from $350.00 to $420.00 in a research report on Wednesday, April 30th. UBS Group cut their target price on Sherwin-Williams from $430.00 to $400.00 and set a "buy" rating for the company in a research report on Monday, April 7th. Mizuho set a $395.00 target price on Sherwin-Williams in a research report on Tuesday, April 15th. Jefferies Financial Group reiterated a "hold" rating and set a $380.00 target price (down previously from $423.00) on shares of Sherwin-Williams in a research report on Monday, March 10th. Finally, Citigroup cut Sherwin-Williams from a "buy" rating to a "neutral" rating and cut their price target for the company from $405.00 to $385.00 in a report on Friday, June 13th. One analyst has rated the stock with a sell rating, six have issued a hold rating, ten have assigned a buy rating and two have assigned a strong buy rating to the company's stock. Based on data from MarketBeat, Sherwin-Williams currently has a consensus rating of "Moderate Buy" and an average price target of $391.31.

Sherwin-Williams Trading Up 3.1%

Shares of Sherwin-Williams stock traded up $10.43 on Monday, reaching $343.93. The company had a trading volume of 1,595,243 shares, compared to its average volume of 1,724,862. The firm has a market cap of $86.19 billion, a price-to-earnings ratio of 32.51, a P/E/G ratio of 3.03 and a beta of 1.21. The company has a debt-to-equity ratio of 1.90, a current ratio of 0.77 and a quick ratio of 0.45. The firm's 50-day moving average price is $348.37 and its two-hundred day moving average price is $348.93. The Sherwin-Williams Company has a 1 year low of $292.27 and a 1 year high of $400.42.

Sherwin-Williams (NYSE:SHW - Get Free Report) last announced 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 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 company's quarterly revenue was down 1.1% on a year-over-year basis. During the same quarter in the previous year, the business earned $2.17 EPS. As a group, research analysts predict that The Sherwin-Williams Company will post 12 earnings per share for the current fiscal year.

Sherwin-Williams Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, June 6th. Stockholders of record on Friday, May 16th were issued a $0.79 dividend. This represents a $3.16 dividend on an annualized basis and a dividend yield of 0.92%. The ex-dividend date 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.