The Sherwin-Williams Company (NYSE:SHW) Shares Purchased by Wealthspire Advisors LLC

Key Points

• Wealthspire Advisors LLC increased its stake in The Sherwin-Williams Company by 107.1% during the first quarter, owning 10,110 shares valued at $3.53 million.
• Institutional ownership of Sherwin-Williams is significant, with approximately 77.67% of shares held by institutional investors, including GAMMA Investing LLC, which boosted its holdings by an extraordinary 41,717.1%.
• Analyst ratings are mixed, with one "sell" rating, six "hold" ratings, ten "buy" ratings, and an average price target of $383.33, reflecting a "Moderate Buy" consensus.

Wealthspire Advisors LLC increased its position in The Sherwin-Williams Company (NYSE:SHW - Free Report) by 107.1% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 10,110 shares of the specialty chemicals company's stock after buying an additional 5,229 shares during the quarter. Wealthspire Advisors LLC's holdings in Sherwin-Williams were worth $3,530,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. GAMMA Investing LLC lifted its position in shares of Sherwin-Williams by 41,717.1% in the 1st quarter. GAMMA Investing LLC now owns 1,636,304 shares of the specialty chemicals company's stock valued at $571,381,000 after acquiring an additional 1,632,391 shares in the last quarter. Capital Research Global Investors lifted its holdings in Sherwin-Williams by 47.1% in the 4th quarter. Capital Research Global Investors now owns 2,998,647 shares of the specialty chemicals company's stock worth $1,019,329,000 after purchasing an additional 960,724 shares during the last quarter. Barclays PLC raised its holdings in Sherwin-Williams by 54.2% in the 4th quarter. Barclays PLC now owns 2,073,533 shares of the specialty chemicals company's stock worth $704,855,000 after acquiring an additional 728,798 shares during the period. Northern Trust Corp boosted its holdings in Sherwin-Williams by 28.0% during the fourth quarter. Northern Trust Corp now owns 2,725,827 shares of the specialty chemicals company's stock valued at $926,590,000 after acquiring an additional 595,586 shares during the period. Finally, Universal Beteiligungs und Servicegesellschaft mbH acquired a new stake in Sherwin-Williams in the 4th quarter valued at approximately $103,359,000. 77.67% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of analysts have recently issued reports on the company. Royal Bank Of Canada boosted their price objective on Sherwin-Williams from $410.00 to $420.00 and gave the company an "outperform" rating in a research report on Thursday, May 1st. Morgan Stanley decreased their price objective on Sherwin-Williams from $405.00 to $385.00 and set an "overweight" rating on the stock in a research report on Tuesday, April 22nd. Wells Fargo & Company dropped their price target on shares of Sherwin-Williams from $420.00 to $400.00 and set an "overweight" rating for the company in a research note on Wednesday, July 23rd. Loop Capital reduced their price target on shares of Sherwin-Williams from $395.00 to $380.00 and set a "buy" rating on the stock in a research report on Wednesday, July 23rd. Finally, Bank of America raised their price objective on shares of Sherwin-Williams from $289.00 to $296.00 and gave the stock an "underperform" rating in a report on Monday, June 23rd. One research analyst has rated the stock with a sell rating, six have assigned a hold rating, ten have given a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, Sherwin-Williams has an average rating of "Moderate Buy" and an average price target of $383.33.

Sherwin-Williams Trading Up 1.2%

Sherwin-Williams stock opened at $351.86 on Wednesday. The company has a debt-to-equity ratio of 1.78, a quick ratio of 0.48 and a current ratio of 0.78. The stock has a 50-day simple moving average of $345.90 and a 200 day simple moving average of $348.04. The Sherwin-Williams Company has a 52 week low of $308.84 and a 52 week high of $400.42. The stock has a market capitalization of $87.73 billion, a P/E ratio of 34.91, a PEG ratio of 3.29 and a beta of 1.16.

Sherwin-Williams (NYSE:SHW - Get Free Report) last issued 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 quarter last year, the firm posted $3.70 earnings per share. The company's quarterly revenue was up .6% on a year-over-year basis. Analysts expect that The Sherwin-Williams Company will post 12 earnings per share for the current year.

Sherwin-Williams Announces Dividend

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 issued 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 dividend payout ratio is 31.35%.

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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