The Sherwin-Williams Company (NYSE:SHW) Shares Sold by Stratos Wealth Partners LTD.

Stratos Wealth Partners LTD. lowered its stake in shares of The Sherwin-Williams Company (NYSE:SHW - Free Report) by 6.1% in the first quarter, according to its most recent 13F filing with the SEC. 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 at the end of the most recent reporting period.

Other hedge funds have also recently made changes to their positions in the company. Coppell Advisory Solutions LLC boosted its stake in shares of Sherwin-Williams by 2.7% in the 4th quarter. Coppell Advisory Solutions LLC now owns 1,146 shares of the specialty chemicals company's stock valued at $388,000 after buying an additional 30 shares during the period. Opal Wealth Advisors LLC lifted its stake in Sherwin-Williams by 4.2% in 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 last quarter. Ashton Thomas Securities LLC lifted its stake in Sherwin-Williams by 1.5% in the fourth quarter. Ashton Thomas Securities LLC now owns 2,228 shares of the specialty chemicals company's stock worth $757,000 after acquiring an additional 34 shares during the last quarter. YANKCOM Partnership lifted its stake in Sherwin-Williams by 8.8% in 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 last quarter. Finally, Avantax Planning Partners Inc. lifted its stake in Sherwin-Williams by 2.4% in the fourth quarter. Avantax Planning Partners Inc. now owns 1,515 shares of the specialty chemicals company's stock worth $515,000 after acquiring an additional 35 shares during the last quarter. Hedge funds and other institutional investors own 77.67% of the company's stock.

Sherwin-Williams Stock Performance

NYSE:SHW traded up $1.49 during mid-day trading on Wednesday, reaching $347.49. The stock had a trading volume of 387,010 shares, compared to its average volume of 1,714,115. The Sherwin-Williams Company has a twelve month low of $297.86 and a twelve month high of $400.42. The business has a 50 day simple moving average of $351.46 and a 200 day simple moving average of $347.93. The firm has a market capitalization of $87.08 billion, a price-to-earnings ratio of 32.83, a PEG ratio of 3.11 and a beta of 1.18. The company has a debt-to-equity ratio of 1.90, a quick ratio of 0.45 and a current ratio of 0.77.

Sherwin-Williams (NYSE:SHW - Get Free Report) last posted its quarterly earnings results on Tuesday, April 29th. The specialty chemicals company reported $2.25 EPS for the quarter, beating the consensus estimate of $2.23 by $0.02. Sherwin-Williams had a return on equity of 71.86% and a net margin of 11.63%. The business had revenue of $5.31 billion during the quarter, compared to analysts' expectations of $5.42 billion. During the same period last year, the firm earned $2.17 EPS. The company's quarterly revenue was down 1.1% compared to the same quarter last year. On average, analysts expect that The Sherwin-Williams Company will post 12 earnings per share for the current fiscal year.

Sherwin-Williams Announces Dividend

The company also recently declared 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 dividend on an annualized basis and a dividend yield of 0.91%. The ex-dividend date of this dividend was Friday, May 16th. Sherwin-Williams's dividend payout ratio is currently 29.87%.

Analysts Set New Price Targets

Several research firms have recently issued reports on SHW. UBS Group lifted their price objective on shares of Sherwin-Williams from $398.00 to $410.00 and gave the stock a "buy" rating in a research report on Wednesday. Bank of America lifted their price target on Sherwin-Williams from $289.00 to $296.00 and gave the stock an "underperform" rating in a report on Monday, June 23rd. Morgan Stanley decreased their target price on Sherwin-Williams from $405.00 to $385.00 and set an "overweight" rating for the company in a research note on Tuesday, April 22nd. Citigroup downgraded Sherwin-Williams from a "buy" rating to a "neutral" rating and lowered their price target for the company from $405.00 to $385.00 in a report on Friday, June 13th. Finally, Barclays cut their price objective on shares of Sherwin-Williams from $385.00 to $355.00 and set an "equal weight" rating on the stock in a report on Tuesday, April 1st. One 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 assigned a strong buy rating to the company's stock. According to MarketBeat, the company presently has an average rating of "Moderate Buy" and an average target price of $391.94.

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.