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Cetera Investment Advisers Raises Stock Holdings in The Sherwin-Williams Company (NYSE:SHW)

Sherwin-Williams logo with Basic Materials background

Key Points

  • Cetera Investment Advisers increased its stake in Sherwin-Williams by 3.6%, owning 63,898 shares valued at $22.31 million as of the latest filing.
  • Several institutional investors modified their holdings in Sherwin-Williams, with 77.67% of the company's stock owned by institutional investors and hedge funds.
  • Analysts have set various price targets for Sherwin-Williams, with an average target price of $383.33 and a "Moderate Buy" rating from several analysts.
  • Five stocks we like better than Sherwin-Williams.

Cetera Investment Advisers increased its position in The Sherwin-Williams Company (NYSE:SHW - Free Report) by 3.6% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 63,898 shares of the specialty chemicals company's stock after buying an additional 2,224 shares during the quarter. Cetera Investment Advisers' holdings in Sherwin-Williams were worth $22,313,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also added to or reduced their stakes in the company. Coppell Advisory Solutions LLC raised its holdings in Sherwin-Williams by 2.7% during the fourth quarter. Coppell Advisory Solutions LLC now owns 1,146 shares of the specialty chemicals company's stock worth $388,000 after buying an additional 30 shares during the last quarter. Opal Wealth Advisors LLC increased its position in shares of Sherwin-Williams by 4.2% during the 1st quarter. Opal Wealth Advisors LLC now owns 791 shares of the specialty chemicals company's stock valued at $276,000 after purchasing an additional 32 shares during the last quarter. YANKCOM Partnership grew its stake in shares of Sherwin-Williams by 8.8% during the 1st 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 period. Kornitzer Capital Management Inc. KS grew its stake in shares of Sherwin-Williams by 4.9% during the 1st quarter. Kornitzer Capital Management Inc. KS now owns 755 shares of the specialty chemicals company's stock worth $264,000 after acquiring an additional 35 shares during the period. Finally, Zhang Financial LLC boosted its stake in Sherwin-Williams by 2.2% in the 1st quarter. Zhang Financial LLC now owns 1,696 shares of the specialty chemicals company's stock worth $592,000 after purchasing an additional 36 shares during the period. 77.67% of the stock is currently owned by institutional investors.

Sherwin-Williams Stock Performance

Sherwin-Williams stock traded up $1.01 during mid-day trading on Thursday, reaching $332.99. 420,732 shares of the stock traded hands, compared to its average volume of 1,749,019. The stock has a market capitalization of $83.02 billion, a PE ratio of 33.04, a price-to-earnings-growth ratio of 3.19 and a beta of 1.18. The company has a debt-to-equity ratio of 1.78, a current ratio of 0.78 and a quick ratio of 0.48. The Sherwin-Williams Company has a 12-month low of $308.84 and a 12-month high of $400.42. The business's 50-day moving average is $346.77 and its 200-day moving average is $348.11.

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

Sherwin-Williams Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, September 5th. Shareholders of record on Friday, August 15th will be given a $0.79 dividend. This represents a $3.16 dividend on an annualized basis and a yield of 0.95%. The ex-dividend date is Friday, August 15th. Sherwin-Williams's payout ratio is 31.35%.

Analysts Set New Price Targets

A number of analysts have recently issued reports on SHW shares. UBS Group dropped their price target on Sherwin-Williams from $410.00 to $395.00 and set a "buy" rating for the company in a research report on Wednesday, July 23rd. JPMorgan Chase & Co. reduced their target price on Sherwin-Williams from $390.00 to $378.00 and set an "overweight" rating on the stock in a research note on Wednesday, July 23rd. Mizuho dropped their price target on Sherwin-Williams from $400.00 to $385.00 and set an "outperform" rating on the stock in a research report on Wednesday, July 23rd. Morgan Stanley dropped their price target 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. Finally, Royal Bank Of Canada lifted their price target on Sherwin-Williams from $410.00 to $420.00 and gave the company an "outperform" rating in a research report on Thursday, May 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 one has issued a strong buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $383.33.

Read Our Latest Stock Analysis on Sherwin-Williams

Sherwin-Williams Company Profile

(Free Report)

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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Institutional Ownership by Quarter for Sherwin-Williams (NYSE:SHW)

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