The Sherwin-Williams Company (NYSE:SHW) Shares Purchased by Advisory Services Network LLC

Advisory Services Network LLC boosted its stake in The Sherwin-Williams Company (NYSE:SHW) by 10.2% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 15,520 shares of the specialty chemicals company’s stock after acquiring an additional 1,437 shares during the period. Advisory Services Network LLC’s holdings in Sherwin-Williams were worth $5,391,000 at the end of the most recent reporting period.

Several other institutional investors have also recently added to or reduced their stakes in the stock. Alps Advisors Inc. acquired a new stake in shares of Sherwin-Williams in the 3rd quarter worth about $314,000. Creative Planning increased its holdings in shares of Sherwin-Williams by 0.6% in the 3rd quarter. Creative Planning now owns 36,320 shares of the specialty chemicals company’s stock worth $9,263,000 after acquiring an additional 220 shares during the period. Diversified Trust Co increased its holdings in shares of Sherwin-Williams by 46.5% in the 3rd quarter. Diversified Trust Co now owns 4,593 shares of the specialty chemicals company’s stock worth $1,171,000 after acquiring an additional 1,458 shares during the period. Tompkins Financial Corp increased its holdings in shares of Sherwin-Williams by 1,533.3% in the 3rd quarter. Tompkins Financial Corp now owns 147 shares of the specialty chemicals company’s stock worth $37,000 after acquiring an additional 138 shares during the period. Finally, Comerica Bank increased its holdings in shares of Sherwin-Williams by 37.5% in the 3rd quarter. Comerica Bank now owns 140,803 shares of the specialty chemicals company’s stock worth $35,912,000 after acquiring an additional 38,391 shares during the period. 77.67% of the stock is owned by institutional investors and hedge funds.

Sherwin-Williams Trading Up 1.5 %

Shares of SHW traded up $4.70 during midday trading on Friday, hitting $318.67. The stock had a trading volume of 320,226 shares, compared to its average volume of 1,566,157. The Sherwin-Williams Company has a fifty-two week low of $232.06 and a fifty-two week high of $348.37. The business has a 50-day simple moving average of $304.27 and a two-hundred day simple moving average of $312.93. The firm has a market cap of $80.80 billion, a P/E ratio of 33.49, a price-to-earnings-growth ratio of 2.46 and a beta of 1.16. The company has a current ratio of 0.78, a quick ratio of 0.46 and a debt-to-equity ratio of 2.32.

Sherwin-Williams (NYSE:SHW) last announced its earnings results on Tuesday, April 23rd. The specialty chemicals company reported $2.17 EPS for the quarter, missing the consensus estimate of $2.22 by ($0.05). Sherwin-Williams had a return on equity of 73.74% and a net margin of 10.52%. The firm had revenue of $5.37 billion during the quarter, compared to analyst estimates of $5.50 billion. During the same quarter in the previous year, the business earned $2.04 earnings per share. The business’s quarterly revenue was down 1.4% compared to the same quarter last year. As a group, equities analysts forecast that The Sherwin-Williams Company will post 11.43 EPS for the current year.

Sherwin-Williams Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, June 7th. Shareholders of record on Friday, May 17th were issued a $0.715 dividend. This represents a $2.86 annualized dividend and a dividend yield of 0.90%. The ex-dividend date was Thursday, May 16th. Sherwin-Williams’s payout ratio is 30.49%.

Wall Street Analyst Weigh In

SHW has been the topic of a number of analyst reports. JPMorgan Chase & Co. dropped their price objective on shares of Sherwin-Williams from $317.00 to $315.00 and set an “overweight” rating on the stock in a report on Wednesday, April 24th. KeyCorp upgraded shares of Sherwin-Williams from a “sector weight” rating to an “overweight” rating and set a $400.00 target price for the company in a research report on Thursday, April 25th. BMO Capital Markets decreased their target price on shares of Sherwin-Williams from $377.00 to $360.00 and set an “outperform” rating for the company in a research report on Wednesday, June 12th. UBS Group decreased their target price on shares of Sherwin-Williams from $385.00 to $355.00 and set a “buy” rating for the company in a research report on Tuesday. Finally, Robert W. Baird increased their target price on shares of Sherwin-Williams from $300.00 to $310.00 and gave the company a “neutral” rating in a research report on Wednesday, April 24th. One analyst has rated the stock with a sell rating, seven have given a hold rating and twelve have assigned a buy rating to the stock. Based on data from MarketBeat, Sherwin-Williams currently has a consensus rating of “Moderate Buy” and a consensus target price of $340.65.

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.