Smithbridge Asset Management Inc. DE Acquires Shares of 19,067 The Sherwin-Williams Company (NYSE:SHW)

Smithbridge Asset Management Inc. DE purchased a new position in The Sherwin-Williams Company (NYSE:SHW - Free Report) during the 1st quarter, according to its most recent 13F filing with the SEC. The firm purchased 19,067 shares of the specialty chemicals company's stock, valued at approximately $6,658,000.

Several other hedge funds and other institutional investors also recently bought and sold shares of SHW. Midwest Capital Advisors LLC acquired a new stake in Sherwin-Williams in the 4th quarter worth $26,000. Park Square Financial Group LLC acquired a new stake in Sherwin-Williams in the 4th quarter worth $27,000. Perkins Coie Trust Co acquired a new stake in Sherwin-Williams in the 1st quarter worth $27,000. Lee Danner & Bass Inc. acquired a new stake in Sherwin-Williams in the 4th quarter worth $28,000. Finally, Sierra Ocean LLC acquired a new stake in Sherwin-Williams in the 4th quarter worth $36,000. 77.67% of the stock is currently owned by institutional investors and hedge funds.

Sherwin-Williams Price Performance

SHW stock traded down $20.27 during trading on Friday, hitting $335.93. 2,793,639 shares of the stock traded hands, compared to its average volume of 1,722,765. The company has a current ratio of 0.79, a quick ratio of 0.46 and a debt-to-equity ratio of 2.02. The stock has a market cap of $84.18 billion, a price-to-earnings ratio of 31.84, a P/E/G ratio of 2.98 and a beta of 1.21. The Sherwin-Williams Company has a one year low of $292.27 and a one year high of $400.42. The company has a 50 day simple moving average of $347.71 and a 200 day simple moving average of $352.35.

Sherwin-Williams (NYSE:SHW - Get Free Report) last posted its quarterly earnings data on Tuesday, April 29th. The specialty chemicals company reported $2.25 earnings per share for the quarter, beating the consensus estimate 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 net margin of 11.61% and a return on equity of 74.50%. The company's quarterly revenue was down 1.1% compared to the same quarter last year. During the same quarter last year, the company posted $2.17 EPS. Equities analysts expect that The Sherwin-Williams Company will post 12 EPS for the current fiscal year.

Sherwin-Williams Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, June 6th. Shareholders of record on Friday, May 16th were given a $0.79 dividend. This represents a $3.16 annualized dividend and a yield of 0.94%. The ex-dividend date of this dividend was Friday, May 16th. Sherwin-Williams's payout ratio is presently 29.87%.

Analyst Ratings Changes

A number of research firms have recently commented on SHW. Jefferies Financial Group reaffirmed a "hold" rating and set a $380.00 price objective (down from $423.00) on shares of Sherwin-Williams in a report on Monday, March 10th. 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 report on Thursday, May 1st. 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 report on Wednesday, April 30th. Morgan Stanley reduced their price objective on shares of Sherwin-Williams from $405.00 to $385.00 and set an "overweight" rating for the company in a report on Tuesday, April 22nd. Finally, Citigroup downgraded shares of Sherwin-Williams from a "buy" rating to a "neutral" rating and reduced their price objective for the stock from $405.00 to $385.00 in a report on Friday. Six investment analysts have rated the stock with a hold rating, ten have issued a buy rating and two have issued a strong buy rating to the stock. According to data from MarketBeat.com, Sherwin-Williams currently has an average rating of "Moderate Buy" and a consensus target price of $397.67.

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.