Wedmont Private Capital Acquires 192 Shares of The Sherwin-Williams Company (NYSE:SHW)

Wedmont Private Capital boosted its holdings in shares of The Sherwin-Williams Company (NYSE:SHWFree Report) by 8.7% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 2,407 shares of the specialty chemicals company’s stock after purchasing an additional 192 shares during the period. Wedmont Private Capital’s holdings in Sherwin-Williams were worth $805,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. First United Bank & Trust bought a new stake in Sherwin-Williams during the fourth quarter worth $31,000. Tortoise Investment Management LLC lifted its stake in shares of Sherwin-Williams by 158.5% in the 4th quarter. Tortoise Investment Management LLC now owns 106 shares of the specialty chemicals company’s stock valued at $33,000 after acquiring an additional 65 shares during the last quarter. McGlone Suttner Wealth Management Inc. bought a new position in shares of Sherwin-Williams in the 4th quarter valued at $35,000. Wetzel Investment Advisors Inc. bought a new position in shares of Sherwin-Williams in the 4th quarter valued at $36,000. Finally, Tompkins Financial Corp lifted its stake 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 valued at $37,000 after acquiring an additional 138 shares during the last quarter. 77.67% of the stock is currently owned by institutional investors.

Sherwin-Williams Trading Up 0.4 %

Sherwin-Williams stock traded up $1.29 during trading hours on Friday, reaching $302.64. 616,763 shares of the company’s stock were exchanged, compared to its average volume of 1,549,859. The company has a quick ratio of 0.46, a current ratio of 0.78 and a debt-to-equity ratio of 2.32. The firm’s 50 day simple moving average is $306.63 and its 200 day simple moving average is $312.86. The Sherwin-Williams Company has a twelve month low of $232.06 and a twelve month high of $348.37. The firm has a market capitalization of $76.73 billion, a PE ratio of 32.26, a PEG ratio of 2.41 and a beta of 1.17.

Sherwin-Williams (NYSE:SHWGet Free Report) last issued 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). The firm had revenue of $5.37 billion during the quarter, compared to analyst estimates of $5.50 billion. Sherwin-Williams had a net margin of 10.52% and a return on equity of 73.74%. The business’s quarterly revenue was down 1.4% on a year-over-year basis. During the same quarter in the prior year, the business earned $2.04 earnings per share. Research analysts predict that The Sherwin-Williams Company will post 11.43 earnings per share for the current year.

Sherwin-Williams Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, June 7th. Stockholders of record on Friday, May 17th were paid a $0.715 dividend. The ex-dividend date of this dividend was Thursday, May 16th. This represents a $2.86 annualized dividend and a dividend yield of 0.95%. Sherwin-Williams’s dividend payout ratio is presently 30.49%.

Wall Street Analysts Forecast Growth

A number of brokerages have recently commented on SHW. Northcoast Research upgraded Sherwin-Williams from a “neutral” rating to a “buy” rating and set a $360.00 price target for the company in a research note on Tuesday, February 27th. Wolfe Research began coverage on Sherwin-Williams in a research note on Friday, March 1st. They issued a “peer perform” rating for the company. Royal Bank of Canada dropped their price target on Sherwin-Williams from $380.00 to $370.00 and set an “outperform” rating for the company in a research note on Thursday, April 25th. BMO Capital Markets lowered their target price on Sherwin-Williams from $377.00 to $360.00 and set an “outperform” rating for the company in a research report on Wednesday, June 12th. Finally, Evercore ISI raised their target price on Sherwin-Williams from $360.00 to $365.00 and gave the stock an “outperform” rating in a research report on Tuesday, May 14th. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating and twelve have given a buy rating to the stock. According to data from MarketBeat, Sherwin-Williams has an average rating of “Moderate Buy” and an average target price of $343.41.

Read Our Latest Analysis on Sherwin-Williams

Sherwin-Williams Profile

(Free Report)

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.

Featured Stories

Want to see what other hedge funds are holding SHW? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for The Sherwin-Williams Company (NYSE:SHWFree Report).

Institutional Ownership by Quarter for Sherwin-Williams (NYSE:SHW)

Receive News & Ratings for Sherwin-Williams Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Sherwin-Williams and related companies with MarketBeat.com's FREE daily email newsletter.