Putney Financial Group LLC purchased a new position in shares of The Sherwin-Williams Company (NYSE:SHW - Free Report) in the fourth quarter, according to its most recent filing with the SEC. The firm purchased 1,158 shares of the specialty chemicals company's stock, valued at approximately $394,000.
Other large investors have also recently bought and sold shares of the company. Legacy Capital Wealth Partners LLC grew its stake in shares of Sherwin-Williams by 2.9% in the 4th quarter. Legacy Capital Wealth Partners LLC now owns 1,028 shares of the specialty chemicals company's stock valued at $350,000 after buying an additional 29 shares during the period. Atlantic Edge Private Wealth Management LLC grew its stake in shares of Sherwin-Williams by 0.8% in the 4th quarter. Atlantic Edge Private Wealth Management LLC now owns 3,742 shares of the specialty chemicals company's stock valued at $1,272,000 after buying an additional 30 shares during the period. IMS Capital Management grew its stake in shares of Sherwin-Williams by 2.4% in the 4th quarter. IMS Capital Management now owns 1,287 shares of the specialty chemicals company's stock valued at $437,000 after buying an additional 30 shares during the period. Coppell Advisory Solutions LLC grew its stake in shares of Sherwin-Williams by 2.7% in the 4th quarter. Coppell Advisory Solutions LLC now owns 1,146 shares of the specialty chemicals company's stock valued at $388,000 after buying an additional 30 shares during the period. Finally, Chicago Partners Investment Group LLC grew its stake in shares of Sherwin-Williams by 1.8% in the 4th quarter. Chicago Partners Investment Group LLC now owns 1,874 shares of the specialty chemicals company's stock valued at $633,000 after buying an additional 33 shares during the period. 77.67% of the stock is currently owned by institutional investors and hedge funds.
Sherwin-Williams Stock Performance
Shares of Sherwin-Williams stock traded down $0.01 during mid-day trading on Friday, hitting $355.74. 409,024 shares of the stock were exchanged, compared to its average volume of 1,749,543. The Sherwin-Williams Company has a 12 month low of $282.09 and a 12 month high of $400.42. The company has a 50-day simple moving average of $344.48 and a 200 day simple moving average of $354.05. The company has a debt-to-equity ratio of 2.02, a quick ratio of 0.46 and a current ratio of 0.79. The company has a market capitalization of $89.15 billion, a P/E ratio of 33.68, a P/E/G ratio of 2.98 and a beta of 1.25.
Sherwin-Williams (NYSE:SHW - Get Free Report) last posted its earnings results on Tuesday, April 29th. The specialty chemicals company reported $2.25 EPS for the quarter, topping the consensus estimate of $2.23 by $0.02. Sherwin-Williams had a net margin of 11.61% and a return on equity of 74.50%. The firm had revenue of $5.31 billion for the quarter, compared to analysts' expectations of $5.42 billion. During the same quarter last year, the firm earned $2.17 EPS. The company's quarterly revenue was down 1.1% compared to the same quarter last year. Sell-side analysts anticipate that The Sherwin-Williams Company will post 12 earnings per share for the current fiscal year.
Sherwin-Williams Announces Dividend
The business also recently declared a quarterly dividend, which will be paid on Friday, June 6th. Investors of record on Friday, May 16th will be issued a $0.79 dividend. The ex-dividend date of this dividend is Friday, May 16th. This represents a $3.16 dividend on an annualized basis and a dividend yield of 0.89%. Sherwin-Williams's dividend payout ratio (DPR) is presently 29.87%.
Analysts Set New Price Targets
Several analysts have recently commented on SHW shares. Robert W. Baird set a $370.00 target price on Sherwin-Williams in a research note on Friday, January 31st. Citigroup reduced their target price on Sherwin-Williams from $423.00 to $375.00 and set a "buy" rating for the company in a research note on Tuesday, April 8th. Mizuho set a $395.00 price target on shares of Sherwin-Williams in a research report on Tuesday, April 15th. Barclays dropped their price target on shares of Sherwin-Williams from $385.00 to $355.00 and set an "equal weight" rating on the stock in a research report on Tuesday, April 1st. Finally, Royal Bank of Canada raised their price target on shares of Sherwin-Williams from $410.00 to $420.00 and gave the company an "outperform" rating in a research report on Thursday, May 1st. Five equities research analysts have rated the stock with a hold rating, eleven have given a buy rating and two have given a strong buy rating to the company's stock. Based on data from MarketBeat.com, Sherwin-Williams presently has a consensus rating of "Moderate Buy" and an average price target of $397.00.
Check Out Our Latest Stock Analysis on SHW
About Sherwin-Williams
(
Free Report)
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.
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