Thurston Springer Miller Herd & Titak Inc. Purchases 2,210 Shares of The Sherwin-Williams Company (NYSE:SHW)

Thurston Springer Miller Herd & Titak Inc. raised its holdings in shares of The Sherwin-Williams Company (NYSE:SHW - Free Report) by 36.7% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 8,227 shares of the specialty chemicals company's stock after acquiring an additional 2,210 shares during the quarter. Thurston Springer Miller Herd & Titak Inc.'s holdings in Sherwin-Williams were worth $2,873,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds have also recently modified their holdings of SHW. Norges Bank purchased a new stake in Sherwin-Williams in the 4th quarter worth approximately $1,359,747,000. GAMMA Investing LLC raised its position in shares of Sherwin-Williams by 41,717.1% in the first quarter. GAMMA Investing LLC now owns 1,636,304 shares of the specialty chemicals company's stock worth $571,381,000 after buying an additional 1,632,391 shares in the last quarter. Capital Research Global Investors raised its position in shares of Sherwin-Williams by 47.1% in the fourth quarter. Capital Research Global Investors now owns 2,998,647 shares of the specialty chemicals company's stock worth $1,019,329,000 after buying an additional 960,724 shares in the last quarter. Barclays PLC boosted its stake in Sherwin-Williams by 54.2% during the fourth quarter. Barclays PLC now owns 2,073,533 shares of the specialty chemicals company's stock valued at $704,855,000 after buying an additional 728,798 shares during the period. Finally, Raymond James Financial Inc. bought a new position in Sherwin-Williams in the 4th quarter worth about $230,829,000. 77.67% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports on SHW. Mizuho set a $395.00 price target on Sherwin-Williams in a research report on Tuesday, April 15th. Barclays cut their price target on shares of Sherwin-Williams from $385.00 to $355.00 and set an "equal weight" rating for the company in a research note on Tuesday, April 1st. Citigroup decreased their price target on shares of Sherwin-Williams from $423.00 to $375.00 and set a "buy" rating on the stock in a report on Tuesday, April 8th. Royal Bank of Canada lifted their price objective on shares of Sherwin-Williams from $410.00 to $420.00 and gave the stock an "outperform" rating in a report on Thursday, May 1st. Finally, Jefferies Financial Group reissued a "hold" rating and issued a $380.00 target price (down previously from $423.00) on shares of Sherwin-Williams in a research note on Monday, March 10th. Five analysts have rated the stock with a hold rating, eleven have issued a buy rating and two have assigned a strong buy rating to the company. According to data from MarketBeat.com, Sherwin-Williams currently has a consensus rating of "Moderate Buy" and a consensus price target of $397.00.

Sherwin-Williams Trading Down 0.1%

SHW traded down $0.23 on Friday, hitting $357.65. 1,495,017 shares of the company were exchanged, compared to its average volume of 1,735,034. The company has a debt-to-equity ratio of 2.02, a quick ratio of 0.46 and a current ratio of 0.79. The Sherwin-Williams Company has a 12 month low of $282.09 and a 12 month high of $400.42. The firm has a fifty day simple moving average of $345.92 and a two-hundred day simple moving average of $353.22. The stock has a market capitalization of $89.63 billion, a PE ratio of 33.90, a price-to-earnings-growth ratio of 2.98 and a beta of 1.25.

Sherwin-Williams (NYSE:SHW - Get Free Report) last issued its 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 11.61% and a return on equity of 74.50%. The company had revenue of $5.31 billion for the quarter, compared to the consensus estimate of $5.42 billion. During the same period in the previous year, the firm earned $2.17 earnings per share. The firm's revenue for the quarter was down 1.1% on a year-over-year basis. Sell-side analysts expect that The Sherwin-Williams Company will post 12 earnings per share for the current year.

Sherwin-Williams Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, June 6th. Investors of record on Friday, May 16th will be issued a dividend of $0.79 per share. The ex-dividend date of this dividend is Friday, May 16th. This represents a $3.16 dividend on an annualized basis and a yield of 0.88%. Sherwin-Williams's dividend payout ratio is presently 29.87%.

Sherwin-Williams Company 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.