The Sherwin-Williams Company (NYSE:SHW) Shares Purchased by Commonwealth Equity Services LLC

Commonwealth Equity Services LLC increased its holdings in shares of The Sherwin-Williams Company (NYSE:SHW - Free Report) by 5.6% during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 180,644 shares of the specialty chemicals company's stock after buying an additional 9,573 shares during the period. Commonwealth Equity Services LLC owned about 0.07% of Sherwin-Williams worth $63,079,000 at the end of the most recent quarter.

A number of other hedge funds also recently added to or reduced their stakes in SHW. Voleon Capital Management LP acquired a new stake in shares of Sherwin-Williams in the fourth quarter valued at $2,011,000. Moors & Cabot Inc. increased its holdings in Sherwin-Williams by 0.4% during the 1st quarter. Moors & Cabot Inc. now owns 9,016 shares of the specialty chemicals company's stock worth $3,148,000 after purchasing an additional 39 shares during the period. Kingswood Wealth Advisors LLC raised its position in Sherwin-Williams by 25.0% in the 1st quarter. Kingswood Wealth Advisors LLC now owns 1,006 shares of the specialty chemicals company's stock valued at $352,000 after purchasing an additional 201 shares in the last quarter. Sowell Financial Services LLC purchased a new position in shares of Sherwin-Williams in the 1st quarter valued at about $306,000. Finally, Wealthcare Advisory Partners LLC grew its position in shares of Sherwin-Williams by 18.4% during the first quarter. Wealthcare Advisory Partners LLC now owns 882 shares of the specialty chemicals company's stock worth $308,000 after buying an additional 137 shares in the last quarter. 77.67% of the stock is currently owned by institutional investors and hedge funds.

Sherwin-Williams Price Performance

SHW stock opened at $344.04 on Monday. The company has a current ratio of 0.78, a quick ratio of 0.48 and a debt-to-equity ratio of 1.78. The company has a market capitalization of $85.78 billion, a P/E ratio of 34.13, a PEG ratio of 3.25 and a beta of 1.16. The business has a 50 day simple moving average of $346.15 and a 200-day simple moving average of $348.05. The Sherwin-Williams Company has a twelve month low of $308.84 and a twelve month high of $400.42.

Sherwin-Williams (NYSE:SHW - Get Free Report) last released its quarterly earnings results on Tuesday, July 22nd. The specialty chemicals company reported $3.38 EPS for the quarter, missing the consensus estimate of $3.76 by ($0.38). Sherwin-Williams had a net margin of 11.03% and a return on equity of 66.91%. The business had revenue of $6.31 billion during the quarter, compared to analysts' expectations of $6.31 billion. During the same quarter last year, the company earned $3.70 EPS. The firm's revenue for the quarter was up .6% compared to the same quarter last year. As a group, equities analysts anticipate that The Sherwin-Williams Company will post 12 EPS for the current year.

Sherwin-Williams Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, September 5th. Investors of record on Friday, August 15th will be given a $0.79 dividend. This represents a $3.16 annualized dividend and a yield of 0.9%. The ex-dividend date is Friday, August 15th. Sherwin-Williams's payout ratio is 31.35%.

Analysts Set New Price Targets

Several analysts recently weighed in on the stock. Loop Capital reduced their target price on shares of Sherwin-Williams from $395.00 to $380.00 and set a "buy" rating on the stock in a report on Wednesday, July 23rd. Bank of America raised their price objective on shares of Sherwin-Williams from $289.00 to $296.00 and gave the company an "underperform" rating in a report on Monday, June 23rd. BMO Capital Markets lowered their target price on shares of Sherwin-Williams from $405.00 to $391.00 and set an "outperform" rating for the company in a research note on Wednesday, July 23rd. Morgan Stanley cut their price target on Sherwin-Williams from $405.00 to $385.00 and set an "overweight" rating on the stock in a research note on Tuesday, April 22nd. Finally, Mizuho decreased their price target on Sherwin-Williams from $400.00 to $385.00 and set an "outperform" rating for the company in a report on Wednesday, July 23rd. One analyst has rated the stock with a sell rating, six have issued a hold rating, ten have given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, Sherwin-Williams has an average rating of "Moderate Buy" and an average price target of $383.33.

Sherwin-Williams Company 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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