Wealthfront Advisers LLC Purchases 1,766 Shares of The Sherwin-Williams Company (NYSE:SHW)

Wealthfront Advisers LLC boosted its holdings in shares of The Sherwin-Williams Company (NYSE:SHW - Free Report) by 7.7% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 24,662 shares of the specialty chemicals company's stock after purchasing an additional 1,766 shares during the quarter. Wealthfront Advisers LLC's holdings in Sherwin-Williams were worth $8,612,000 as of its most recent SEC filing.

A number of other hedge funds also recently bought and sold shares of SHW. Coppell Advisory Solutions LLC raised its stake in shares of Sherwin-Williams by 2.7% in the fourth quarter. Coppell Advisory Solutions LLC now owns 1,146 shares of the specialty chemicals company's stock valued at $388,000 after acquiring an additional 30 shares during the period. Opal Wealth Advisors LLC raised its stake in shares of Sherwin-Williams by 4.2% in the first quarter. Opal Wealth Advisors LLC now owns 791 shares of the specialty chemicals company's stock valued at $276,000 after acquiring an additional 32 shares during the period. Ashton Thomas Securities LLC raised its stake in shares of 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 valued at $757,000 after acquiring an additional 34 shares during the period. YANKCOM Partnership raised its stake in shares of Sherwin-Williams by 8.8% in the first quarter. YANKCOM Partnership now owns 420 shares of the specialty chemicals company's stock valued at $147,000 after acquiring an additional 34 shares during the period. Finally, Zhang Financial LLC raised its stake in shares of Sherwin-Williams by 2.2% in the first quarter. Zhang Financial LLC now owns 1,696 shares of the specialty chemicals company's stock valued at $592,000 after acquiring an additional 36 shares during the period. Hedge funds and other institutional investors own 77.67% of the company's stock.

Wall Street Analysts Forecast Growth

SHW has been the topic of several recent analyst reports. Mizuho set a $395.00 target price on shares of Sherwin-Williams in a research note on Tuesday, April 15th. Wells Fargo & Company raised shares of Sherwin-Williams from an "equal weight" rating to an "overweight" rating and increased their target price for the company from $350.00 to $420.00 in a research note on Wednesday, April 30th. Bank of America increased their target price on shares of Sherwin-Williams from $289.00 to $296.00 and gave the company an "underperform" rating in a research note on Monday, June 23rd. UBS Group increased their target price on shares of Sherwin-Williams from $398.00 to $410.00 and gave the company a "buy" rating in a research note on Wednesday, July 9th. Finally, Citigroup downgraded shares of Sherwin-Williams from a "buy" rating to a "neutral" rating and reduced their price target for the stock from $405.00 to $385.00 in a research note on Friday, June 13th. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating, ten have assigned a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat, the company has an average rating of "Moderate Buy" and an average target price of $391.94.

Sherwin-Williams Stock Down 0.0%

Sherwin-Williams stock traded down $0.10 during midday trading on Thursday, hitting $339.76. 1,331,468 shares of the company's stock were exchanged, compared to its average volume of 1,710,067. The company has a debt-to-equity ratio of 1.90, a quick ratio of 0.45 and a current ratio of 0.77. The Sherwin-Williams Company has a 12 month low of $308.84 and a 12 month high of $400.42. The firm has a 50-day moving average of $350.31 and a two-hundred day moving average of $347.92. The company has a market cap of $85.14 billion, a PE ratio of 32.11, a P/E/G ratio of 3.05 and a beta of 1.18.

Sherwin-Williams (NYSE:SHW - Get Free Report) last issued its earnings results on Tuesday, April 29th. The specialty chemicals company reported $2.25 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.23 by $0.02. Sherwin-Williams had a net margin of 11.63% and a return on equity of 71.86%. The company had revenue of $5.31 billion for the quarter, compared to analysts' expectations of $5.42 billion. During the same period in the prior year, the business earned $2.17 EPS. The firm's quarterly revenue was down 1.1% on a year-over-year basis. As a group, 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 will be paid on Friday, September 5th. Stockholders of record on Friday, August 15th will be issued a $0.79 dividend. This represents a $3.16 dividend on an annualized basis and a dividend yield of 0.93%. The ex-dividend date of this dividend is Friday, August 15th. Sherwin-Williams's dividend payout ratio is currently 29.87%.

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.