Strategic Investment Advisors MI Takes Position in The Sherwin-Williams Company (NYSE:SHW)

Strategic Investment Advisors MI purchased a new stake in The Sherwin-Williams Company (NYSE:SHW - Free Report) during the first quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor purchased 765 shares of the specialty chemicals company's stock, valued at approximately $267,000.

A number of other large investors have also recently bought and sold shares of SHW. Vanguard Group Inc. grew its holdings in shares of Sherwin-Williams by 0.6% in the 4th quarter. Vanguard Group Inc. now owns 21,836,648 shares of the specialty chemicals company's stock worth $7,422,932,000 after purchasing an additional 138,170 shares during the last quarter. FMR LLC boosted its position in Sherwin-Williams by 1.6% in the fourth quarter. FMR LLC now owns 6,588,755 shares of the specialty chemicals company's stock valued at $2,239,715,000 after buying an additional 106,093 shares in the last quarter. Geode Capital Management LLC grew its stake in Sherwin-Williams by 2.0% during the fourth quarter. Geode Capital Management LLC now owns 4,829,702 shares of the specialty chemicals company's stock worth $1,636,679,000 after buying an additional 96,571 shares during the last quarter. Alliancebernstein L.P. increased its holdings in shares of Sherwin-Williams by 2.0% during the fourth quarter. Alliancebernstein L.P. now owns 4,316,000 shares of the specialty chemicals company's stock worth $1,467,138,000 after buying an additional 86,268 shares in the last quarter. Finally, Norges Bank acquired a new stake in shares of Sherwin-Williams during the fourth quarter worth approximately $1,359,747,000. 77.67% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several research analysts have recently commented on SHW shares. Bank of America boosted their target price on Sherwin-Williams from $289.00 to $296.00 and gave the stock an "underperform" rating in a report on Monday. Barclays reduced their price objective 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. Citigroup lowered Sherwin-Williams from a "buy" rating to a "neutral" rating and lowered their target price for the company from $405.00 to $385.00 in a research note on Friday, June 13th. Mizuho set a $395.00 price target on shares of Sherwin-Williams in a research report on Tuesday, April 15th. Finally, Wells Fargo & Company raised shares of Sherwin-Williams from an "equal weight" rating to an "overweight" rating and increased their price objective for the stock from $350.00 to $420.00 in a report on Wednesday, April 30th. One analyst has rated the stock with a sell rating, six have assigned a hold rating, ten have given a buy rating and two have given a strong buy rating to the company's stock. According to data from MarketBeat, Sherwin-Williams presently has a consensus rating of "Moderate Buy" and an average price target of $391.31.

Sherwin-Williams Trading Up 1.7%

Shares of Sherwin-Williams stock traded up $5.78 on Friday, hitting $347.65. 250,902 shares of the company's stock traded hands, compared to its average volume of 1,712,988. The firm's 50-day moving average price is $348.96 and its two-hundred day moving average price is $348.63. The company has a debt-to-equity ratio of 1.90, a current ratio of 0.77 and a quick ratio of 0.45. The stock has a market capitalization of $87.12 billion, a PE ratio of 32.86, a price-to-earnings-growth ratio of 3.09 and a beta of 1.21. The Sherwin-Williams Company has a one year low of $292.33 and a one year high of $400.42.

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

Sherwin-Williams Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, June 6th. Investors of record on Friday, May 16th were given a $0.79 dividend. The ex-dividend date was Friday, May 16th. This represents a $3.16 dividend on an annualized basis and a dividend yield of 0.91%. Sherwin-Williams's dividend payout ratio is 29.87%.

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.