The Sherwin-Williams Company (NYSE:SHW) Shares Bought by Spire Wealth Management

Spire Wealth Management grew its position in The Sherwin-Williams Company (NYSE:SHW - Free Report) by 14.0% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 6,102 shares of the specialty chemicals company's stock after buying an additional 749 shares during the quarter. Spire Wealth Management's holdings in Sherwin-Williams were worth $2,131,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Perkins Coie Trust Co acquired a new position in shares of Sherwin-Williams in the first quarter worth about $27,000. Park Square Financial Group LLC acquired a new position in shares of Sherwin-Williams in the fourth quarter worth about $27,000. Lee Danner & Bass Inc. acquired a new position in shares of Sherwin-Williams in the fourth quarter worth about $28,000. WR Wealth Planners LLC boosted its holdings in shares of Sherwin-Williams by 41.7% in the fourth quarter. WR Wealth Planners LLC now owns 119 shares of the specialty chemicals company's stock worth $40,000 after buying an additional 35 shares during the period. Finally, HWG Holdings LP acquired a new stake in shares of Sherwin-Williams during the first quarter worth approximately $46,000. 77.67% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several research firms recently commented on SHW. Bank of America raised their price target on shares of Sherwin-Williams from $289.00 to $296.00 and gave the stock an "underperform" rating in a report on Monday. Citigroup lowered shares of Sherwin-Williams from a "buy" rating to a "neutral" rating and dropped their price target for the company from $405.00 to $385.00 in a research report on Friday, June 13th. Jefferies Financial Group reaffirmed a "hold" rating and set a $380.00 target price (down previously from $423.00) on shares of Sherwin-Williams in a research report on Monday, March 10th. UBS Group dropped their target price on shares of Sherwin-Williams from $430.00 to $400.00 and set a "buy" rating on the stock in a research report on Monday, April 7th. Finally, Royal Bank Of Canada boosted their target price on shares of Sherwin-Williams from $410.00 to $420.00 and gave the stock an "outperform" rating in a research report on Thursday, May 1st. One analyst has rated the stock with a sell rating, six have given a hold rating, ten have assigned a buy rating and two have given a strong buy rating to the company. Based on data from MarketBeat.com, Sherwin-Williams presently has an average rating of "Moderate Buy" and a consensus price target of $391.31.

Sherwin-Williams Stock Down 0.4%

Shares of NYSE:SHW opened at $342.15 on Friday. The Sherwin-Williams Company has a 52 week low of $292.33 and a 52 week high of $400.42. The company has a debt-to-equity ratio of 1.90, a quick ratio of 0.45 and a current ratio of 0.77. The company's fifty day moving average is $348.96 and its 200-day moving average is $348.63. The company has a market capitalization of $85.74 billion, a PE ratio of 32.34, a P/E/G ratio of 3.09 and a beta of 1.21.

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

Sherwin-Williams Dividend Announcement

The business also recently declared 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. The ex-dividend date was Friday, May 16th. This represents a $3.16 annualized dividend and a yield of 0.92%. Sherwin-Williams's dividend payout ratio (DPR) 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.

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