Planning Directions Inc. Makes New $263,000 Investment in The Sherwin-Williams Company (NYSE:SHW)

Planning Directions Inc. purchased a new stake in The Sherwin-Williams Company (NYSE:SHW - Free Report) in the first quarter, according to the company in its most recent disclosure with the SEC. The firm purchased 752 shares of the specialty chemicals company's stock, valued at approximately $263,000.

Other institutional investors have also recently made changes to their positions in the company. Voleon Capital Management LP bought a new position in shares of Sherwin-Williams in the 4th quarter valued at about $2,011,000. Kingswood Wealth Advisors LLC lifted 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 acquiring an additional 201 shares during the last quarter. Sowell Financial Services LLC bought a new position in shares of Sherwin-Williams in the 1st quarter valued at about $306,000. Wealthcare Advisory Partners LLC lifted 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 acquiring an additional 137 shares during the last quarter. Finally, Horizon Investments LLC lifted 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 acquiring an additional 161 shares during the last quarter. Institutional investors own 77.67% of the company's stock.

Analyst Upgrades and Downgrades

A number of research analysts recently commented on SHW shares. Mizuho set a $395.00 price target on shares of Sherwin-Williams in a report on Tuesday, April 15th. Wells Fargo & Company raised shares of Sherwin-Williams from an "equal weight" rating to an "overweight" rating and raised their price objective for the stock from $350.00 to $420.00 in a research note on Wednesday, April 30th. Royal Bank Of Canada raised their price objective on shares of Sherwin-Williams from $410.00 to $420.00 and gave the stock an "outperform" rating in a research note on Thursday, May 1st. Morgan Stanley decreased their price objective on shares of Sherwin-Williams from $405.00 to $385.00 and set an "overweight" rating for the company in a research note on Tuesday, April 22nd. Finally, UBS Group raised their price objective on shares of Sherwin-Williams from $398.00 to $410.00 and gave the stock a "buy" rating in a research note on Wednesday. One investment analyst has rated the stock with a sell rating, six have issued a hold rating, ten have issued a buy rating and two have given a strong buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average target price of $391.94.

Sherwin-Williams Stock Up 1.8%

NYSE:SHW traded up $6.24 during trading hours on Wednesday, reaching $352.24. The company's stock had a trading volume of 2,116,073 shares, compared to its average volume of 1,722,801. The stock has a 50 day moving average price of $351.43 and a two-hundred day moving average price of $347.96. The company has a debt-to-equity ratio of 1.90, a quick ratio of 0.45 and a current ratio of 0.77. The Sherwin-Williams Company has a 12 month low of $298.82 and a 12 month high of $400.42. The company has a market capitalization of $88.27 billion, a P/E ratio of 33.29, a price-to-earnings-growth ratio of 3.11 and a beta of 1.18.

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

Sherwin-Williams Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, June 6th. Shareholders of record on Friday, May 16th were issued a $0.79 dividend. This represents a $3.16 annualized dividend and a yield of 0.90%. 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.