Stratos Wealth Advisors LLC Purchases 3,124 Shares of The Sherwin-Williams Company (NYSE:SHW)

Stratos Wealth Advisors LLC increased its position in shares of The Sherwin-Williams Company (NYSE:SHW - Free Report) by 109.2% in the first quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 5,985 shares of the specialty chemicals company's stock after buying an additional 3,124 shares during the quarter. Stratos Wealth Advisors LLC's holdings in Sherwin-Williams were worth $2,090,000 as of its most recent SEC filing.

A number of other hedge funds have also modified their holdings of SHW. Park Square Financial Group LLC acquired a new stake in shares of Sherwin-Williams in the fourth quarter valued at approximately $27,000. Perkins Coie Trust Co bought a new position in Sherwin-Williams during the 1st quarter worth $27,000. Lee Danner & Bass Inc. bought a new position in Sherwin-Williams during the 4th quarter worth $28,000. Synergy Investment Management LLC increased its stake in Sherwin-Williams by 583.3% during the 1st 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 during the period. Finally, Barnes Dennig Private Wealth Management LLC bought a new position in Sherwin-Williams during the 1st quarter worth $30,000. 77.67% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

SHW has been the topic of several recent analyst reports. Bank of America lifted their price target on Sherwin-Williams from $289.00 to $296.00 and gave the company an "underperform" rating in a research note on Monday, June 23rd. UBS Group upped their price target on Sherwin-Williams from $398.00 to $410.00 and gave the company a "buy" rating in a research report on Wednesday. Wells Fargo & Company upgraded Sherwin-Williams from an "equal weight" rating to an "overweight" rating and upped their price target for the company from $350.00 to $420.00 in a research report on Wednesday, April 30th. Citigroup lowered Sherwin-Williams from a "buy" rating to a "neutral" rating and cut their target price for the company from $405.00 to $385.00 in a research report on Friday, June 13th. Finally, Morgan Stanley cut their target price on Sherwin-Williams from $405.00 to $385.00 and set an "overweight" rating on the stock in a research report on Tuesday, April 22nd. One analyst has rated the stock with a sell rating, six have issued a hold rating, ten have assigned a buy rating and two have given a strong buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus target price of $391.94.

Sherwin-Williams Stock Up 1.8%

Shares of NYSE:SHW traded up $6.24 during mid-day trading on Wednesday, hitting $352.24. 2,116,073 shares of the company traded hands, compared to its average volume of 1,720,835. The stock has a market cap of $88.27 billion, a P/E ratio of 33.29, a P/E/G ratio of 3.11 and a beta of 1.18. 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 stock has a 50-day moving average price of $351.46 and a two-hundred day moving average price of $347.93. The Sherwin-Williams Company has a 12-month low of $297.86 and a 12-month high of $400.42.

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, beating analysts' consensus estimates of $2.23 by $0.02. The firm had revenue of $5.31 billion during the quarter, compared to the consensus estimate of $5.42 billion. Sherwin-Williams had a return on equity of 71.86% and a net margin of 11.63%. The business's revenue for the quarter was down 1.1% on a year-over-year basis. During the same quarter in the prior year, the company earned $2.17 EPS. On average, equities research analysts forecast that The Sherwin-Williams Company will post 12 earnings per share for the current year.

Sherwin-Williams Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, June 6th. Shareholders of record on Friday, May 16th were issued a dividend of $0.79 per share. This represents a $3.16 annualized dividend and a yield of 0.90%. The ex-dividend date was Friday, May 16th. Sherwin-Williams's dividend payout ratio (DPR) is presently 29.87%.

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.