Stratos Wealth Advisors LLC Has $2.09 Million Position in The Sherwin-Williams Company (NYSE:SHW)

Stratos Wealth Advisors LLC increased its stake in shares of The Sherwin-Williams Company (NYSE:SHW - Free Report) by 109.2% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm 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 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also modified their holdings of SHW. Norges Bank bought a new position in shares of Sherwin-Williams during the 4th quarter worth approximately $1,359,747,000. GAMMA Investing LLC raised its position in Sherwin-Williams by 41,717.1% in the 1st quarter. GAMMA Investing LLC now owns 1,636,304 shares of the specialty chemicals company's stock valued at $571,381,000 after purchasing an additional 1,632,391 shares during the last quarter. Capital Research Global Investors raised its position in Sherwin-Williams by 47.1% in the 4th quarter. Capital Research Global Investors now owns 2,998,647 shares of the specialty chemicals company's stock valued at $1,019,329,000 after purchasing an additional 960,724 shares during the last quarter. Barclays PLC raised its position in Sherwin-Williams by 54.2% in the 4th quarter. Barclays PLC now owns 2,073,533 shares of the specialty chemicals company's stock valued at $704,855,000 after purchasing an additional 728,798 shares during the last quarter. Finally, Northern Trust Corp raised its position in Sherwin-Williams by 28.0% in the 4th quarter. Northern Trust Corp now owns 2,725,827 shares of the specialty chemicals company's stock valued at $926,590,000 after purchasing an additional 595,586 shares during the last quarter. Institutional investors own 77.67% of the company's stock.

Sherwin-Williams Trading Up 0.1%

Shares of Sherwin-Williams stock traded up $0.26 during trading on Thursday, reaching $351.80. 1,216,367 shares of the company were exchanged, compared to its average volume of 1,722,700. 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 Sherwin-Williams Company has a twelve month low of $306.63 and a twelve month high of $400.42. The business has a 50-day moving average price of $351.43 and a 200-day moving average price of $347.96. The firm has a market capitalization of $88.16 billion, a price-to-earnings ratio of 33.25, a P/E/G ratio of 3.16 and a beta of 1.18.

Sherwin-Williams (NYSE:SHW - Get Free Report) last announced its quarterly earnings data on Tuesday, April 29th. The specialty chemicals company reported $2.25 EPS for the quarter, topping 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 analysts' expectations of $5.42 billion. During the same period in the previous year, the firm earned $2.17 earnings per share. The firm's quarterly revenue was down 1.1% compared to the same quarter last year. Sell-side analysts anticipate that The Sherwin-Williams Company will post 12 EPS for the current fiscal year.

Sherwin-Williams Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, June 6th. Shareholders of record on Friday, May 16th were paid a $0.79 dividend. The ex-dividend date of this dividend was Friday, May 16th. This represents a $3.16 dividend on an annualized basis and a yield of 0.90%. Sherwin-Williams's payout ratio is 29.87%.

Analyst Ratings Changes

SHW has been the subject of several research analyst reports. Wells Fargo & Company upgraded Sherwin-Williams from an "equal weight" rating to an "overweight" rating and lifted their price objective for the company from $350.00 to $420.00 in a research report on Wednesday, April 30th. Mizuho set a $395.00 price objective on Sherwin-Williams in a research report on Tuesday, April 15th. Bank of America lifted their price objective on Sherwin-Williams from $289.00 to $296.00 and gave the company an "underperform" rating in a research report on Monday, June 23rd. Royal Bank Of Canada lifted their price objective on Sherwin-Williams from $410.00 to $420.00 and gave the company an "outperform" rating in a research report on Thursday, May 1st. Finally, Barclays cut their price objective on Sherwin-Williams from $385.00 to $355.00 and set an "equal weight" rating for the company in a research report on Tuesday, April 1st. One research analyst has rated the stock with a sell rating, six have given a hold rating, ten have assigned a buy rating and two have issued a strong buy rating to the company. According to MarketBeat, the company has an average rating of "Moderate Buy" and an average price target of $391.94.

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.