Financial Enhancement Group LLC Decreases Stock Holdings in The Sherwin-Williams Company (NYSE:SHW)

Financial Enhancement Group LLC lessened its holdings in The Sherwin-Williams Company (NYSE:SHW - Free Report) by 28.5% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 13,676 shares of the specialty chemicals company's stock after selling 5,446 shares during the period. Financial Enhancement Group LLC's holdings in Sherwin-Williams were worth $4,540,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently modified their holdings of SHW. Park Square Financial Group LLC purchased a new stake in shares of Sherwin-Williams in the fourth quarter valued at about $27,000. Perkins Coie Trust Co purchased a new stake in shares of Sherwin-Williams in the first quarter valued at about $27,000. Lee Danner & Bass Inc. purchased a new stake in shares of Sherwin-Williams in the fourth quarter valued at about $28,000. WR Wealth Planners LLC raised its position 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 valued at $40,000 after buying an additional 35 shares during the last quarter. Finally, HWG Holdings LP acquired a new position in shares of Sherwin-Williams in the first quarter valued at approximately $46,000. Hedge funds and other institutional investors own 77.67% of the company's stock.

Sherwin-Williams Trading Up 1.2%

SHW stock traded up $4.16 on Friday, hitting $346.03. 1,366,828 shares of the company were exchanged, compared to its average volume of 1,717,546. The Sherwin-Williams Company has a twelve month low of $292.33 and a twelve month high of $400.42. The company has a debt-to-equity ratio of 1.90, a current ratio of 0.77 and a quick ratio of 0.45. The business's fifty day moving average is $349.22 and its two-hundred day moving average is $348.29. The stock has a market capitalization of $86.72 billion, a price-to-earnings ratio of 32.71, a price-to-earnings-growth ratio of 3.11 and a beta of 1.21.

Sherwin-Williams (NYSE:SHW - Get Free Report) last issued its quarterly earnings results on Tuesday, April 29th. The specialty chemicals company reported $2.25 EPS for the quarter, topping 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 firm had revenue of $5.31 billion during the quarter, compared to analyst estimates of $5.42 billion. During the same quarter in the prior year, the business posted $2.17 earnings per share. Sherwin-Williams's revenue for the quarter was down 1.1% compared to the same quarter last year. As a group, research 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 disclosed a quarterly dividend, which was paid on Friday, June 6th. Shareholders of record on Friday, May 16th were paid 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 0.91%. Sherwin-Williams's dividend payout ratio is currently 29.87%.

Analysts Set New Price Targets

A number of equities analysts have recently weighed in on the stock. Jefferies Financial Group reissued a "hold" rating and issued a $380.00 price objective (down previously from $423.00) on shares of Sherwin-Williams in a research report on Monday, March 10th. Mizuho set a $395.00 price objective on shares of Sherwin-Williams in a research report on Tuesday, April 15th. Bank of America boosted their price objective on shares of Sherwin-Williams from $289.00 to $296.00 and gave the company an "underperform" rating in a research report on Monday, June 23rd. UBS Group cut their price objective on shares of Sherwin-Williams from $430.00 to $400.00 and set a "buy" rating for the company in a research report on Monday, April 7th. Finally, Royal Bank Of Canada boosted their price objective on shares of Sherwin-Williams from $410.00 to $420.00 and gave the company an "outperform" rating in a research report on Thursday, May 1st. One research analyst has rated the stock with a sell rating, six have assigned a hold rating, ten have assigned a buy rating and two have issued a strong buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average target price of $391.31.

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.