New Age Alpha Advisors LLC Has $6.05 Million Stock Position in The Sherwin-Williams Company (NYSE:SHW)

Key Points

• New Age Alpha Advisors LLC increased its holdings in Sherwin-Williams by 296.2% in the first quarter, owning 17,333 shares valued at $6,053,000 after purchasing an additional 12,958 shares.
• Sherwin-Williams reported earnings of $3.38 per share for the last quarter, missing estimates of $3.76, with revenues matching predictions at $6.31 billion.
• The company announced a quarterly dividend of $0.79, resulting in an annualized yield of 0.9%, to be paid on September 5th.

New Age Alpha Advisors LLC boosted its stake in shares of The Sherwin-Williams Company (NYSE:SHW - Free Report) by 296.2% in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 17,333 shares of the specialty chemicals company's stock after acquiring an additional 12,958 shares during the quarter. New Age Alpha Advisors LLC's holdings in Sherwin-Williams were worth $6,053,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also bought and sold shares of the company. Park Square Financial Group LLC bought a new position in shares of Sherwin-Williams in the 4th quarter worth approximately $27,000. Perkins Coie Trust Co purchased a new position in shares of Sherwin-Williams in the 1st quarter worth $27,000. Synergy Investment Management LLC boosted its stake in shares of Sherwin-Williams by 583.3% in the 1st quarter. Synergy Investment Management LLC now owns 82 shares of the specialty chemicals company's stock worth $29,000 after buying an additional 70 shares during the last quarter. Barnes Dennig Private Wealth Management LLC purchased a new position in shares of Sherwin-Williams in the 1st quarter worth $30,000. Finally, HWG Holdings LP purchased a new position in Sherwin-Williams during the first quarter valued at $46,000. Institutional investors own 77.67% of the company's stock.

Sherwin-Williams Stock Performance

Shares of NYSE SHW traded down $0.71 during midday trading on Thursday, hitting $350.02. The company's stock had a trading volume of 1,410,271 shares, compared to its average volume of 1,925,830. The Sherwin-Williams Company has a 1-year low of $308.84 and a 1-year high of $400.42. 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 firm has a market cap of $87.27 billion, a P/E ratio of 34.72, a P/E/G ratio of 3.32 and a beta of 1.16. The firm's fifty day moving average price is $345.71 and its 200-day moving average price is $348.03.

Sherwin-Williams (NYSE:SHW - Get Free Report) last released its quarterly earnings results on Tuesday, July 22nd. The specialty chemicals company reported $3.38 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $3.76 by ($0.38). Sherwin-Williams had a net margin of 11.03% and a return on equity of 66.91%. The firm had revenue of $6.31 billion for the quarter, compared to analyst estimates of $6.31 billion. During the same quarter in the prior year, the firm earned $3.70 EPS. The firm's revenue was up .6% compared to the same quarter last year. On average, sell-side analysts forecast that The Sherwin-Williams Company will post 12 EPS for the current fiscal year.

Sherwin-Williams Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, September 5th. Investors of record on Friday, August 15th will be given a dividend of $0.79 per share. The ex-dividend date is Friday, August 15th. This represents a $3.16 dividend on an annualized basis and a dividend yield of 0.9%. Sherwin-Williams's dividend payout ratio (DPR) is 31.35%.

Wall Street Analysts Forecast Growth

SHW has been the topic of several research reports. Royal Bank Of Canada lifted their target price on Sherwin-Williams from $410.00 to $420.00 and gave the stock an "outperform" rating in a report on Thursday, May 1st. Wells Fargo & Company dropped their target price on Sherwin-Williams from $420.00 to $400.00 and set an "overweight" rating for the company in a research report on Wednesday, July 23rd. Morgan Stanley lowered their price target on Sherwin-Williams from $405.00 to $385.00 and set an "overweight" rating for the company in a report on Tuesday, April 22nd. JPMorgan Chase & Co. lowered their price target on Sherwin-Williams from $390.00 to $378.00 and set an "overweight" rating for the company in a report on Wednesday, July 23rd. Finally, Loop Capital lowered their target price on Sherwin-Williams from $395.00 to $380.00 and set a "buy" rating for the company in a report on Wednesday, July 23rd. One research analyst has rated the stock with a sell rating, six have given a hold rating, ten have given a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat, Sherwin-Williams presently has an average 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.