Empower Advisory Group LLC Has $116.13 Million Stock Position in The Sherwin-Williams Company (NYSE:SHW)

Key Points

• Empower Advisory Group LLC increased its stake in The Sherwin-Williams Company by 3.0% in the first quarter, owning approximately 0.13% of the company worth $116.1 million.
• Sherwin-Williams reported $3.38 earnings per share, missing analysts' estimates of $3.76, despite a 0.6% year-over-year revenue increase to $6.31 billion.
• The company recently declared a quarterly dividend of $0.79 per share, resulting in an annualized dividend of $3.16 and a dividend yield of 0.9%.

Empower Advisory Group LLC lifted its stake in shares of The Sherwin-Williams Company (NYSE:SHW - Free Report) by 3.0% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 332,556 shares of the specialty chemicals company's stock after acquiring an additional 9,631 shares during the period. Empower Advisory Group LLC owned 0.13% of Sherwin-Williams worth $116,125,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Perkins Coie Trust Co acquired a new stake in shares of Sherwin-Williams during the first quarter worth $27,000. Park Square Financial Group LLC acquired a new stake in Sherwin-Williams in the 4th quarter worth about $27,000. Synergy Investment Management LLC grew its holdings in Sherwin-Williams by 583.3% in the 1st quarter. Synergy Investment Management LLC now owns 82 shares of the specialty chemicals company's stock valued at $29,000 after buying an additional 70 shares during the period. Barnes Dennig Private Wealth Management LLC purchased a new stake in Sherwin-Williams in the 1st quarter valued at about $30,000. Finally, HWG Holdings LP acquired a new position in shares of Sherwin-Williams during the 1st quarter valued at about $46,000. Hedge funds and other institutional investors own 77.67% of the company's stock.

Sherwin-Williams Price Performance

NYSE:SHW traded down $0.71 during trading hours on Thursday, reaching $350.02. The company had a trading volume of 1,410,271 shares, compared to its average volume of 1,925,830. The company has a quick ratio of 0.48, a current ratio of 0.78 and a debt-to-equity ratio of 1.78. The stock has a 50-day moving average of $345.71 and a two-hundred day moving average of $348.03. The Sherwin-Williams Company has a one year low of $308.84 and a one year high of $400.42. The firm has a market capitalization of $87.27 billion, a PE ratio of 34.72, a PEG ratio of 3.32 and a beta of 1.16.

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 analysts' consensus estimates of $3.76 by ($0.38). The business had revenue of $6.31 billion for the quarter, compared to the consensus estimate of $6.31 billion. Sherwin-Williams had a return on equity of 66.91% and a net margin of 11.03%. The firm's revenue was up .6% on a year-over-year basis. During the same quarter last year, the company earned $3.70 earnings per share. 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 declared a quarterly dividend, which will be paid on Friday, September 5th. Stockholders of record on Friday, August 15th will be given a dividend of $0.79 per share. The ex-dividend date is Friday, August 15th. This represents a $3.16 annualized dividend and a dividend yield of 0.9%. Sherwin-Williams's payout ratio is currently 31.35%.

Analyst Ratings Changes

SHW has been the subject of a number of research analyst reports. Wells Fargo & Company dropped their price objective on Sherwin-Williams from $420.00 to $400.00 and set an "overweight" rating for the company in a report on Wednesday, July 23rd. UBS Group dropped their price target on Sherwin-Williams from $410.00 to $395.00 and set a "buy" rating for the company in a research note on Wednesday, July 23rd. 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 note on Monday, June 23rd. Citigroup dropped their target price on shares of Sherwin-Williams from $385.00 to $375.00 and set a "neutral" rating for the company in a research report on Wednesday, July 23rd. Finally, Royal Bank Of Canada raised their price target on shares of Sherwin-Williams from $410.00 to $420.00 and gave the company an "outperform" rating in a report on Thursday, May 1st. One research analyst has rated the stock with a sell rating, six have given a hold rating, ten have issued a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average target price of $383.33.

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.