The Sherwin-Williams Company (NYSE:SHW) Position Boosted by Sequoia Financial Advisors LLC

Sequoia Financial Advisors LLC lifted its stake in shares of The Sherwin-Williams Company (NYSE:SHW - Free Report) by 54.4% during the 1st quarter, according to its most recent Form 13F filing with the SEC. The fund owned 152,602 shares of the specialty chemicals company's stock after purchasing an additional 53,765 shares during the period. Sequoia Financial Advisors LLC owned about 0.06% of Sherwin-Williams worth $53,287,000 as of its most recent filing with the SEC.

Several other large investors have also modified their holdings of the stock. Vanguard Group Inc. lifted its position in shares of Sherwin-Williams by 0.6% during the fourth 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 lifted its position in shares of Sherwin-Williams by 1.6% during the fourth quarter. FMR LLC now owns 6,588,755 shares of the specialty chemicals company's stock worth $2,239,715,000 after purchasing an additional 106,093 shares during the last quarter. Geode Capital Management LLC lifted its position in shares of 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 purchasing an additional 96,571 shares during the last quarter. Alliancebernstein L.P. lifted its position 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 purchasing an additional 86,268 shares during the last quarter. Finally, Norges Bank bought a new position in shares of Sherwin-Williams during the fourth quarter worth about $1,359,747,000. Institutional investors own 77.67% of the company's stock.

Sherwin-Williams Stock Performance

SHW opened at $343.70 on Thursday. The Sherwin-Williams Company has a twelve month low of $292.33 and a twelve month high of $400.42. 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 market cap of $86.13 billion, a PE ratio of 32.49, a price-to-earnings-growth ratio of 3.11 and a beta of 1.21. The business's 50 day moving average is $348.78 and its 200-day moving average is $348.87.

Sherwin-Williams (NYSE:SHW - Get Free Report) last posted 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 net margin of 11.63% and a return on equity of 71.86%. The business had revenue of $5.31 billion for the quarter, compared to analyst estimates of $5.42 billion. During the same quarter last year, the business earned $2.17 earnings per share. The business's revenue for the quarter was down 1.1% on a year-over-year basis. On average, analysts predict that The Sherwin-Williams Company will post 12 earnings per share for the current year.

Sherwin-Williams Announces Dividend

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

Wall Street Analysts Forecast Growth

Several research firms recently weighed in on SHW. Bank of America increased their price objective on shares of Sherwin-Williams from $289.00 to $296.00 and gave the stock an "underperform" rating in a research note on Monday. Jefferies Financial Group reiterated a "hold" rating and set a $380.00 price objective (down previously from $423.00) on shares of Sherwin-Williams in a research note on Monday, March 10th. Citigroup lowered shares of Sherwin-Williams from a "buy" rating to a "neutral" rating and dropped their price objective for the stock from $405.00 to $385.00 in a research note on Friday, June 13th. Mizuho set a $395.00 price objective on shares of Sherwin-Williams in a research note on Tuesday, April 15th. Finally, Barclays dropped their price objective on shares of 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 issued a hold rating, ten have issued a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat.com, Sherwin-Williams presently has an average rating of "Moderate Buy" and a consensus price target of $391.31.

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.

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