Trivant Custom Portfolio Group LLC Acquires 1,606 Shares of The Sherwin-Williams Company (NYSE:SHW)

Trivant Custom Portfolio Group LLC raised its stake in The Sherwin-Williams Company (NYSE:SHW - Free Report) by 59.5% in the 1st quarter, according to its most recent filing with the SEC. The fund owned 4,305 shares of the specialty chemicals company's stock after purchasing an additional 1,606 shares during the period. Trivant Custom Portfolio Group LLC's holdings in Sherwin-Williams were worth $1,503,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently bought and sold shares of SHW. Midwest Capital Advisors LLC acquired a new stake in shares of Sherwin-Williams during the 4th quarter worth approximately $26,000. Park Square Financial Group LLC bought a new position in shares of Sherwin-Williams in the fourth quarter worth $27,000. Perkins Coie Trust Co bought a new stake in shares of Sherwin-Williams during the first quarter valued at about $27,000. Lee Danner & Bass Inc. acquired a new stake in shares of Sherwin-Williams in the 4th quarter worth approximately $28,000. Finally, Sierra Ocean LLC bought a new stake in Sherwin-Williams during the fourth quarter worth approximately $36,000. 77.67% of the stock is owned by institutional investors.

Sherwin-Williams Stock Performance

NYSE:SHW traded up $0.05 on Thursday, hitting $331.08. The company's stock had a trading volume of 1,443,807 shares, compared to its average volume of 1,724,026. The Sherwin-Williams Company has a one year low of $292.27 and a one year high of $400.42. The stock has a fifty day moving average of $348.37 and a two-hundred day moving average of $350.63. The company has a current ratio of 0.77, a quick ratio of 0.45 and a debt-to-equity ratio of 1.90. The firm has a market capitalization of $82.97 billion, a P/E ratio of 31.29, a price-to-earnings-growth ratio of 3.00 and a beta of 1.21.

Sherwin-Williams (NYSE:SHW - Get Free Report) last released its quarterly earnings results on Tuesday, April 29th. The specialty chemicals company reported $2.25 earnings per share (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 the consensus estimate of $5.42 billion. During the same period in the previous year, the company posted $2.17 EPS. The firm's quarterly revenue was down 1.1% on a year-over-year basis. Research analysts predict that The Sherwin-Williams Company will post 12 earnings per share for the current year.

Sherwin-Williams Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, June 6th. Investors of record on Friday, May 16th were given a $0.79 dividend. This represents a $3.16 dividend on an annualized basis and a dividend yield of 0.95%. The ex-dividend date was Friday, May 16th. Sherwin-Williams's payout ratio is currently 29.87%.

Analyst Ratings Changes

Several brokerages have recently issued reports on SHW. UBS Group lowered their price objective on shares of Sherwin-Williams from $430.00 to $400.00 and set a "buy" rating on the stock in a research note on Monday, April 7th. Barclays dropped their target price on Sherwin-Williams from $385.00 to $355.00 and set an "equal weight" rating on the stock in a report on Tuesday, April 1st. Jefferies Financial Group restated a "hold" rating and set a $380.00 price target (down from $423.00) on shares of Sherwin-Williams in a report on Monday, March 10th. Citigroup lowered Sherwin-Williams from a "buy" rating to a "neutral" rating and dropped their target price for the stock from $405.00 to $385.00 in a research report on Friday, June 13th. Finally, Royal Bank Of Canada lifted their target price on shares of Sherwin-Williams from $410.00 to $420.00 and gave the company an "outperform" rating in a research note on Thursday, May 1st. Six investment analysts have rated the stock with a hold rating, ten have given a buy rating and two have given a strong buy rating to the company's stock. According to data from MarketBeat, the company presently has an average rating of "Moderate Buy" and an average price target of $397.67.

About Sherwin-Williams

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.