Keel Point LLC grew its position in The Sherwin-Williams Company (NYSE:SHW - Free Report) by 6.0% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 15,886 shares of the specialty chemicals company's stock after acquiring an additional 897 shares during the period. Keel Point LLC's holdings in Sherwin-Williams were worth $4,218,000 at the end of the most recent quarter.
Several other institutional investors also recently modified their holdings of SHW. First National Bank of Mount Dora Trust Investment Services raised its holdings in shares of Sherwin-Williams by 0.4% during the 2nd quarter. First National Bank of Mount Dora Trust Investment Services now owns 10,777 shares of the specialty chemicals company's stock valued at $2,862,000 after buying an additional 43 shares in the last quarter. J.W. Cole Advisors Inc. boosted its position in Sherwin-Williams by 4.6% during the 1st quarter. J.W. Cole Advisors Inc. now owns 999 shares of the specialty chemicals company's stock valued at $224,000 after buying an additional 44 shares during the period. Pinnacle Financial Partners Inc. boosted its holdings in shares of Sherwin-Williams by 0.6% during the first quarter. Pinnacle Financial Partners Inc. now owns 7,017 shares of the specialty chemicals company's stock worth $1,577,000 after purchasing an additional 45 shares during the period. Nikulski Financial Inc. increased its holdings in Sherwin-Williams by 1.5% during the 1st quarter. Nikulski Financial Inc. now owns 3,115 shares of the specialty chemicals company's stock valued at $700,000 after purchasing an additional 45 shares during the period. Finally, Level Four Advisory Services LLC boosted its holdings in Sherwin-Williams by 3.8% in the first quarter. Level Four Advisory Services LLC now owns 1,216 shares of the specialty chemicals company's stock valued at $273,000 after acquiring an additional 45 shares in the last quarter. 75.87% of the stock is currently owned by institutional investors and hedge funds.
Sherwin-Williams Stock Performance
Shares of Sherwin-Williams stock traded down $0.65 on Tuesday, hitting $259.30. 351,890 shares of the company's stock were exchanged, compared to its average volume of 1,466,830. The Sherwin-Williams Company has a 1 year low of $195.24 and a 1 year high of $283.80. The company has a 50-day simple moving average of $270.82 and a 200-day simple moving average of $245.96. The company has a debt-to-equity ratio of 2.50, a quick ratio of 0.62 and a current ratio of 1.00. The stock has a market capitalization of $66.68 billion, a PE ratio of 28.85, a PEG ratio of 2.19 and a beta of 1.10.
Sherwin-Williams (NYSE:SHW - Get Free Report) last released its earnings results on Tuesday, July 25th. The specialty chemicals company reported $3.29 earnings per share for the quarter, beating the consensus estimate of $2.71 by $0.58. Sherwin-Williams had a return on equity of 83.63% and a net margin of 10.20%. The company had revenue of $6.24 billion for the quarter, compared to the consensus estimate of $6.03 billion. During the same period in the previous year, the business earned $2.41 earnings per share. Sherwin-Williams's quarterly revenue was up 6.3% compared to the same quarter last year. As a group, equities analysts anticipate that The Sherwin-Williams Company will post 9.78 EPS for the current year.
Sherwin-Williams Dividend Announcement
The company also recently declared a quarterly dividend, which was paid on Friday, September 8th. Shareholders of record on Friday, August 18th were issued a dividend of $0.605 per share. This represents a $2.42 annualized dividend and a yield of 0.93%. The ex-dividend date of this dividend was Thursday, August 17th. Sherwin-Williams's dividend payout ratio is currently 26.86%.
Analysts Set New Price Targets
Several analysts have weighed in on the company. Citigroup lifted their price objective on Sherwin-Williams from $310.00 to $320.00 and gave the company a "buy" rating in a research report on Thursday, July 27th. Wells Fargo & Company cut their price objective on shares of Sherwin-Williams from $300.00 to $290.00 and set an "equal weight" rating on the stock in a research report on Friday, August 25th. Loop Capital lifted their target price on shares of Sherwin-Williams from $295.00 to $325.00 and gave the stock a "buy" rating in a report on Wednesday, July 26th. Robert W. Baird increased their price target on shares of Sherwin-Williams from $275.00 to $300.00 in a report on Wednesday, July 26th. Finally, Jefferies Financial Group upgraded shares of Sherwin-Williams from a "hold" rating to a "buy" rating and boosted their price objective for the stock from $240.00 to $275.00 in a report on Wednesday, May 24th. Five investment analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the company's stock. According to data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average target price of $283.61.
Get Our Latest Stock Report on Sherwin-Williams
The Sherwin-Williams Company engages in the manufacture, distribution, and sale of paints, coating, and related products to professional, industrial, commercial, and retail customers. It operates through three segments: The Americas Group, Consumer Brands Group, and Performance Coatings Group. The Americas Group segment offers architectural paints and coatings, and protective and marine products, as well as OEM product finishes and related products for architectural and industrial paint contractors, and do-it-yourself homeowners.
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