HB Wealth Management LLC Has $11.11 Million Holdings in The Sherwin-Williams Company (NYSE:SHW)

Key Points

• HB Wealth Management LLC increased its stake in The Sherwin-Williams Company by 47.9% in the first quarter, now owning 31,826 shares valued at approximately $11.1 million.
• Analysts have updated their price targets for Sherwin-Williams, with Citigroup cutting its target from $385 to $375, while Royal Bank Of Canada raised its target from $410 to $420.
• The company declared a quarterly dividend of $0.79 per share, yielding 0.93%, with the ex-dividend date set for August 15th.

HB Wealth Management LLC raised its stake in shares of The Sherwin-Williams Company (NYSE:SHW - Free Report) by 47.9% in the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 31,826 shares of the specialty chemicals company's stock after acquiring an additional 10,301 shares during the period. HB Wealth Management LLC's holdings in Sherwin-Williams were worth $11,114,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in SHW. Coppell Advisory Solutions LLC increased its position in Sherwin-Williams by 2.7% during the 4th quarter. Coppell Advisory Solutions LLC now owns 1,146 shares of the specialty chemicals company's stock worth $388,000 after purchasing an additional 30 shares during the period. Opal Wealth Advisors LLC grew its holdings in Sherwin-Williams by 4.2% during the first quarter. Opal Wealth Advisors LLC now owns 791 shares of the specialty chemicals company's stock worth $276,000 after acquiring an additional 32 shares during the period. YANKCOM Partnership grew its holdings in Sherwin-Williams by 8.8% during the first quarter. YANKCOM Partnership now owns 420 shares of the specialty chemicals company's stock worth $147,000 after acquiring an additional 34 shares during the period. Kornitzer Capital Management Inc. KS grew its holdings in Sherwin-Williams by 4.9% during the first quarter. Kornitzer Capital Management Inc. KS now owns 755 shares of the specialty chemicals company's stock worth $264,000 after acquiring an additional 35 shares during the period. Finally, Zhang Financial LLC grew its holdings in Sherwin-Williams by 2.2% during the first quarter. Zhang Financial LLC now owns 1,696 shares of the specialty chemicals company's stock worth $592,000 after acquiring an additional 36 shares during the period. 77.67% of the stock is owned by hedge funds and other institutional investors.

Sherwin-Williams Stock Performance

SHW stock traded down $2.10 on Wednesday, reaching $334.87. The company's stock had a trading volume of 378,956 shares, compared to its average volume of 1,749,592. The company has a market capitalization of $83.49 billion, a P/E ratio of 33.20, a price-to-earnings-growth ratio of 3.18 and a beta of 1.18. The company has a debt-to-equity ratio of 1.78, a current ratio of 0.78 and a quick ratio of 0.48. The Sherwin-Williams Company has a 52 week low of $308.84 and a 52 week high of $400.42. The firm has a fifty day moving average of $347.20 and a two-hundred day moving average of $348.22.

Sherwin-Williams (NYSE:SHW - Get Free Report) last posted its quarterly earnings results on Tuesday, July 22nd. The specialty chemicals company reported $3.38 earnings per share (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 company had revenue of $6.31 billion during the quarter, compared to the consensus estimate of $6.31 billion. During the same period in the prior year, the company posted $3.70 EPS. Sherwin-Williams's quarterly revenue was up .6% on a year-over-year basis. As a group, analysts predict that The Sherwin-Williams Company will post 12 EPS for the current fiscal year.

Sherwin-Williams Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, September 5th. Stockholders of record on Friday, August 15th will be paid 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 0.94%. Sherwin-Williams's dividend payout ratio (DPR) is presently 31.35%.

Wall Street Analyst Weigh In

Several equities research analysts have recently commented on SHW shares. Wells Fargo & Company decreased their price target on Sherwin-Williams from $420.00 to $400.00 and set an "overweight" rating on the stock in a research note on Wednesday, July 23rd. JPMorgan Chase & Co. decreased their price target on Sherwin-Williams from $390.00 to $378.00 and set an "overweight" rating on the stock in a research note on Wednesday, July 23rd. Bank of America increased their price objective on shares of Sherwin-Williams from $289.00 to $296.00 and gave the company an "underperform" rating in a research note on Monday, June 23rd. Citigroup lowered their price objective on shares of Sherwin-Williams from $385.00 to $375.00 and set a "neutral" rating on the stock in a research note on Wednesday, July 23rd. Finally, Loop Capital lowered their price objective on shares of Sherwin-Williams from $395.00 to $380.00 and set a "buy" rating on the stock in a research note on Wednesday, July 23rd. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating, ten have issued a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, Sherwin-Williams presently has a consensus rating of "Moderate Buy" and a consensus price target of $383.33.

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.