Stratos Wealth Partners LTD. Sells 1,939 Shares of The Sherwin-Williams Company (NYSE:SHW)

Stratos Wealth Partners LTD. reduced its position in shares of The Sherwin-Williams Company (NYSE:SHW - Free Report) by 6.1% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 29,950 shares of the specialty chemicals company's stock after selling 1,939 shares during the period. Stratos Wealth Partners LTD.'s holdings in Sherwin-Williams were worth $10,458,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of SHW. Park Square Financial Group LLC purchased a new stake in Sherwin-Williams in the fourth quarter worth about $27,000. Perkins Coie Trust Co purchased a new position in shares of Sherwin-Williams during the first quarter valued at approximately $27,000. Lee Danner & Bass Inc. purchased a new position in shares of Sherwin-Williams during the fourth quarter valued at approximately $28,000. Synergy Investment Management LLC lifted its holdings in shares of Sherwin-Williams by 583.3% during the first quarter. Synergy Investment Management LLC now owns 82 shares of the specialty chemicals company's stock valued at $29,000 after purchasing an additional 70 shares during the last quarter. Finally, Barnes Dennig Private Wealth Management LLC purchased a new position in shares of Sherwin-Williams during the first quarter valued at approximately $30,000. 77.67% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on the stock. UBS Group lifted their target price on shares of Sherwin-Williams from $398.00 to $410.00 and gave the company a "buy" rating in a report on Wednesday. Citigroup lowered shares of Sherwin-Williams from a "buy" rating to a "neutral" rating and lowered their target price for the company from $405.00 to $385.00 in a report on Friday, June 13th. Morgan Stanley lowered their target price on shares of Sherwin-Williams from $405.00 to $385.00 and set an "overweight" rating for the company in a report on Tuesday, April 22nd. Wells Fargo & Company upgraded shares of Sherwin-Williams from an "equal weight" rating to an "overweight" rating and lifted their target price for the company from $350.00 to $420.00 in a report on Wednesday, April 30th. Finally, Barclays lowered their target price on shares of Sherwin-Williams from $385.00 to $355.00 and set an "equal weight" rating for the company in a report on Tuesday, April 1st. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating, ten have given a buy rating and two have given a strong buy rating to the company's stock. Based on data from MarketBeat, Sherwin-Williams presently has an average rating of "Moderate Buy" and a consensus target price of $391.94.

Sherwin-Williams Stock Performance

Shares of SHW stock traded down $5.93 during mid-day trading on Friday, reaching $345.90. 1,034,538 shares of the company's stock traded hands, compared to its average volume of 1,720,441. The Sherwin-Williams Company has a 12 month low of $308.84 and a 12 month high of $400.42. The firm has a 50 day moving average price of $351.12 and a two-hundred day moving average price of $348.00. The company has a debt-to-equity ratio of 1.90, a quick ratio of 0.45 and a current ratio of 0.77. The firm has a market capitalization of $86.68 billion, a PE ratio of 32.69, a price-to-earnings-growth ratio of 3.16 and a beta of 1.18.

Sherwin-Williams (NYSE:SHW - Get Free Report) last issued its quarterly earnings data on Tuesday, April 29th. The specialty chemicals company reported $2.25 earnings per share (EPS) for the quarter, beating analysts' consensus estimates 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 the consensus estimate of $5.42 billion. During the same quarter in the previous year, the firm posted $2.17 EPS. The company's revenue for the quarter was down 1.1% compared to the same quarter last year. On average, research analysts forecast that The Sherwin-Williams Company will post 12 EPS for the current year.

Sherwin-Williams Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, June 6th. Investors of record on Friday, May 16th were issued a $0.79 dividend. This represents a $3.16 annualized dividend and a yield of 0.91%. The ex-dividend date was Friday, May 16th. Sherwin-Williams's dividend payout ratio is currently 29.87%.

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.