Planning Directions Inc. Acquires Shares of 752 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 Securities & Exchange Commission. The fund purchased 752 shares of the specialty chemicals company's stock, valued at approximately $263,000.

A number of other large investors have also recently bought and sold shares of SHW. Park Square Financial Group LLC bought a new position in Sherwin-Williams in the fourth quarter valued at about $27,000. Perkins Coie Trust Co bought a new stake in shares of Sherwin-Williams during the 1st quarter valued at approximately $27,000. Lee Danner & Bass Inc. acquired a new position in Sherwin-Williams during the 4th quarter worth approximately $28,000. Synergy Investment Management LLC lifted its stake in Sherwin-Williams by 583.3% in the 1st quarter. Synergy Investment Management LLC now owns 82 shares of the specialty chemicals company's stock valued at $29,000 after purchasing an additional 70 shares during the last quarter. Finally, Barnes Dennig Private Wealth Management LLC acquired a new stake in Sherwin-Williams in the first quarter valued at approximately $30,000. 77.67% of the stock is currently owned by institutional investors and hedge funds.

Sherwin-Williams Trading Down 0.1%

Shares of NYSE:SHW traded down $0.31 during trading on Tuesday, reaching $345.98. The stock had a trading volume of 1,319,791 shares, compared to its average volume of 1,719,238. The Sherwin-Williams Company has a 52 week low of $297.86 and a 52 week high of $400.42. 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 firm's fifty day moving average is $351.50 and its 200 day moving average is $347.94. The stock has a market cap of $86.70 billion, a price-to-earnings ratio of 32.70, a P/E/G ratio of 3.11 and a beta of 1.18.

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

Sherwin-Williams Announces Dividend

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 dividend of $0.79 per share. This represents a $3.16 dividend on an annualized basis and a dividend yield of 0.91%. The ex-dividend date of this dividend was Friday, May 16th. Sherwin-Williams's payout ratio is 29.87%.

Analyst Upgrades and Downgrades

Several research analysts have recently issued reports on the stock. Citigroup downgraded shares of Sherwin-Williams from a "buy" rating to a "neutral" rating and lowered their price target for the stock from $405.00 to $385.00 in a report on Friday, June 13th. Mizuho set a $395.00 price objective on Sherwin-Williams in a research report on Tuesday, April 15th. Jefferies Financial Group reaffirmed a "hold" rating and issued a $380.00 target price (down previously from $423.00) on shares of Sherwin-Williams in a report on Monday, March 10th. UBS Group reduced their price target on Sherwin-Williams from $430.00 to $400.00 and set a "buy" rating on the stock in a report on Monday, April 7th. Finally, Bank of America upped their price objective on Sherwin-Williams from $289.00 to $296.00 and gave the company an "underperform" rating in a research note on Monday, June 23rd. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating, ten have assigned a buy rating and two have issued a strong buy rating to the company's stock. Based on data from MarketBeat.com, Sherwin-Williams currently has a consensus rating of "Moderate Buy" and a consensus target price of $391.31.

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.