4,046 Shares in The Sherwin-Williams Company (NYSE:SHW) Purchased by Sfmg LLC

Key Points

• Sfmg LLC has acquired 4,046 shares of The Sherwin-Williams Company, valued at approximately $1.4 million, marking a new investment in the company.
• Sherwin-Williams reported $3.38 EPS for the last quarter, missing expectations by $0.38, although revenue was in line with forecasts at $6.31 billion.
• The company announced a quarterly dividend of $0.79 per share, with a dividend yield of 0.9%, reflecting a payout ratio of 31.35%.

Sfmg LLC purchased a new stake in The Sherwin-Williams Company (NYSE:SHW - Free Report) during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund purchased 4,046 shares of the specialty chemicals company's stock, valued at approximately $1,413,000.

Several other hedge funds also recently made changes to their positions in SHW. Park Square Financial Group LLC bought a new stake in Sherwin-Williams in the 4th quarter worth approximately $27,000. Perkins Coie Trust Co bought a new position in Sherwin-Williams in the first quarter worth about $27,000. Synergy Investment Management LLC boosted its stake in Sherwin-Williams by 583.3% during the first quarter. Synergy Investment Management LLC now owns 82 shares of the specialty chemicals company's stock worth $29,000 after acquiring an additional 70 shares in the last quarter. Barnes Dennig Private Wealth Management LLC purchased a new stake in shares of Sherwin-Williams in the 1st quarter worth approximately $30,000. Finally, HWG Holdings LP purchased a new position in shares of Sherwin-Williams in the 1st quarter worth about $46,000. 77.67% of the stock is currently owned by hedge funds and other institutional investors.

Sherwin-Williams Trading Down 0.4%

NYSE:SHW traded down $1.26 during midday trading on Wednesday, reaching $350.83. 1,792,053 shares of the stock traded hands, compared to its average volume of 1,925,127. The stock has a market capitalization of $87.47 billion, a P/E ratio of 34.80, a PEG ratio of 3.33 and a beta of 1.16. The Sherwin-Williams Company has a 12 month low of $308.84 and a 12 month high of $400.42. The company has a debt-to-equity ratio of 1.78, a quick ratio of 0.48 and a current ratio of 0.78. The company has a fifty day moving average of $345.90 and a 200 day moving average of $348.04.

Sherwin-Williams (NYSE:SHW - Get Free Report) last issued its quarterly earnings results on Tuesday, July 22nd. The specialty chemicals company reported $3.38 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $3.76 by ($0.38). Sherwin-Williams had a net margin of 11.03% and a return on equity of 66.91%. The business had revenue of $6.31 billion for the quarter, compared to analysts' expectations of $6.31 billion. During the same period last year, the business earned $3.70 earnings per share. The company's revenue was up .6% on a year-over-year basis. On average, research analysts predict that The Sherwin-Williams Company will post 12 EPS for the current year.

Sherwin-Williams Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, September 5th. Investors of record on Friday, August 15th will be given a $0.79 dividend. This represents a $3.16 annualized dividend and a yield of 0.9%. The ex-dividend date is Friday, August 15th. Sherwin-Williams's payout ratio is currently 31.35%.

Analysts Set New Price Targets

Several brokerages have issued reports on SHW. Royal Bank Of Canada raised their target price on Sherwin-Williams from $410.00 to $420.00 and gave the stock an "outperform" rating in a research report on Thursday, May 1st. Loop Capital decreased their price target on shares of Sherwin-Williams from $395.00 to $380.00 and set a "buy" rating for the company in a research note on Wednesday, July 23rd. Mizuho decreased their price objective on shares of Sherwin-Williams from $400.00 to $385.00 and set an "outperform" rating for the company in a research report on Wednesday, July 23rd. Wells Fargo & Company reduced their price target on Sherwin-Williams from $420.00 to $400.00 and set an "overweight" rating for the company in a research report on Wednesday, July 23rd. Finally, UBS Group dropped their price objective on Sherwin-Williams from $410.00 to $395.00 and set a "buy" rating on the stock in a report on Wednesday, July 23rd. One research analyst has rated the stock with a sell rating, six have assigned a hold rating, ten have given a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus target price of $383.33.

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.