Sowell Financial Services LLC Invests $306,000 in The Sherwin-Williams Company (NYSE:SHW)

Sowell Financial Services LLC acquired a new position in shares of The Sherwin-Williams Company (NYSE:SHW - Free Report) in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 878 shares of the specialty chemicals company's stock, valued at approximately $306,000.

A number of other hedge funds have also recently bought and sold shares of the company. Brighton Jones LLC boosted its position in Sherwin-Williams by 11.8% during the first quarter. Brighton Jones LLC now owns 1,728 shares of the specialty chemicals company's stock worth $603,000 after acquiring an additional 183 shares during the last quarter. Exchange Traded Concepts LLC boosted its position in Sherwin-Williams by 112.9% during the first quarter. Exchange Traded Concepts LLC now owns 477 shares of the specialty chemicals company's stock worth $167,000 after acquiring an additional 253 shares during the last quarter. Compass Capital Management Inc. boosted its position in Sherwin-Williams by 0.4% during the first quarter. Compass Capital Management Inc. now owns 178,719 shares of the specialty chemicals company's stock worth $62,407,000 after acquiring an additional 692 shares during the last quarter. SFM LLC acquired a new stake in Sherwin-Williams during the first quarter worth approximately $1,488,000. Finally, CogentBlue Wealth Advisors LLC boosted its position in Sherwin-Williams by 9.8% during the first quarter. CogentBlue Wealth Advisors LLC now owns 827 shares of the specialty chemicals company's stock worth $289,000 after acquiring an additional 74 shares during the last quarter. Institutional investors and hedge funds own 77.67% of the company's stock.

Sherwin-Williams Stock Performance

NYSE:SHW opened at $332.89 on Friday. The company has a current ratio of 0.77, a quick ratio of 0.45 and a debt-to-equity ratio of 1.90. The firm has a market capitalization of $83.42 billion, a price-to-earnings ratio of 31.46, a PEG ratio of 3.03 and a beta of 1.21. The firm's fifty day simple moving average is $348.31 and its 200 day simple moving average is $349.46. The Sherwin-Williams Company has a twelve month low of $292.27 and a twelve month high of $400.42.

Sherwin-Williams (NYSE:SHW - Get Free Report) last posted its earnings results 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 business 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% on a year-over-year basis. During the same quarter in the previous year, the business posted $2.17 EPS. As a group, equities research analysts expect that The Sherwin-Williams Company will post 12 earnings per share for the current fiscal year.

Sherwin-Williams Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, June 6th. Investors of record on Friday, May 16th were issued a dividend of $0.79 per share. The ex-dividend date was Friday, May 16th. This represents a $3.16 annualized dividend and a dividend yield of 0.95%. Sherwin-Williams's payout ratio is 29.87%.

Analyst Upgrades and Downgrades

A number of analysts recently issued reports on the stock. Wells Fargo & Company upgraded shares of Sherwin-Williams from an "equal weight" rating to an "overweight" rating and raised their target price for the stock from $350.00 to $420.00 in a research report on Wednesday, April 30th. UBS Group decreased their target price on shares of Sherwin-Williams from $430.00 to $400.00 and set a "buy" rating on the stock in a research report on Monday, April 7th. Citigroup lowered shares of Sherwin-Williams from a "buy" rating to a "neutral" rating and decreased their target price for the stock from $405.00 to $385.00 in a research report on Friday, June 13th. Barclays decreased 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 report on Tuesday, April 1st. Finally, Royal Bank Of Canada lifted their price target on shares of Sherwin-Williams from $410.00 to $420.00 and gave the company an "outperform" rating in a report on Thursday, May 1st. Six research 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 company's stock. According to MarketBeat.com, the stock currently has a consensus 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.

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