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

Sowell Financial Services 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 13F filing with the Securities & Exchange Commission. The firm purchased 878 shares of the specialty chemicals company's stock, valued at approximately $306,000.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the business. Midwest Capital Advisors LLC purchased a new position in shares of Sherwin-Williams in the 4th quarter valued at $26,000. Park Square Financial Group LLC acquired a new position in shares of Sherwin-Williams during the fourth quarter worth about $27,000. Perkins Coie Trust Co purchased a new stake in shares of Sherwin-Williams in the first quarter worth about $27,000. Lee Danner & Bass Inc. acquired a new stake in shares of Sherwin-Williams in the fourth quarter valued at about $28,000. Finally, WR Wealth Planners LLC raised its holdings in shares of Sherwin-Williams by 41.7% during the 4th quarter. WR Wealth Planners LLC now owns 119 shares of the specialty chemicals company's stock valued at $40,000 after buying an additional 35 shares during the period. 77.67% of the stock is owned by institutional investors and hedge funds.

Sherwin-Williams Stock Performance

NYSE:SHW traded down $1.99 during trading hours on Wednesday, reaching $343.70. 1,614,617 shares of the stock were exchanged, compared to its average volume of 1,718,017. The Sherwin-Williams Company has a 52 week low of $292.33 and a 52 week high of $400.42. The company has a quick ratio of 0.45, a current ratio of 0.77 and a debt-to-equity ratio of 1.90. The stock has a market capitalization of $86.13 billion, a P/E ratio of 32.49, a P/E/G ratio of 3.11 and a beta of 1.21. The firm has a 50 day simple moving average of $348.54 and a 200-day simple moving average of $348.90.

Sherwin-Williams (NYSE:SHW - Get Free Report) last announced its quarterly earnings data on Tuesday, April 29th. The specialty chemicals company reported $2.25 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.23 by $0.02. The firm had revenue of $5.31 billion for the quarter, compared to analysts' expectations of $5.42 billion. Sherwin-Williams had a return on equity of 71.86% and a net margin of 11.63%. The firm's revenue for the quarter was down 1.1% on a year-over-year basis. During the same period last year, the business posted $2.17 earnings per share. As a group, sell-side analysts forecast that The Sherwin-Williams Company will post 12 earnings per share for the current fiscal year.

Sherwin-Williams Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, June 6th. Investors of record on Friday, May 16th were given a dividend of $0.79 per share. This represents a $3.16 dividend on an annualized basis and a dividend yield of 0.92%. The ex-dividend date was Friday, May 16th. Sherwin-Williams's dividend payout ratio is presently 29.87%.

Wall Street Analyst Weigh In

Several analysts have issued reports on the stock. Jefferies Financial Group reaffirmed a "hold" rating and issued a $380.00 price objective (down previously from $423.00) on shares of Sherwin-Williams in a research report on Monday, March 10th. Royal Bank Of Canada upped their target price on shares of Sherwin-Williams from $410.00 to $420.00 and gave the company an "outperform" rating in a research note on Thursday, May 1st. UBS Group cut their price objective on shares of Sherwin-Williams from $430.00 to $400.00 and set a "buy" rating on the stock in a report on Monday, April 7th. Morgan Stanley lowered their target price on Sherwin-Williams from $405.00 to $385.00 and set an "overweight" rating for the company in a research note on Tuesday, April 22nd. Finally, Barclays cut their price target on Sherwin-Williams from $385.00 to $355.00 and set an "equal weight" rating on the stock in a research note on Tuesday, April 1st. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating, ten have issued a buy rating and two have assigned a strong buy rating to the company. According to data from MarketBeat, Sherwin-Williams has an average rating of "Moderate Buy" and an average target price of $391.31.

Sherwin-Williams 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.