Great Valley Advisor Group Inc. raised its holdings in The Sherwin-Williams Company (NYSE:SHW – Get Rating) by 12.8% in the 2nd quarter, according to its most recent 13F filing with the SEC. The fund owned 1,691 shares of the specialty chemicals company's stock after acquiring an additional 192 shares during the period. Great Valley Advisor Group Inc.'s holdings in Sherwin-Williams were worth $378,000 at the end of the most recent reporting period.
Several other institutional investors also recently bought and sold shares of SHW. Regal Investment Advisors LLC increased its holdings in shares of Sherwin-Williams by 5.0% during the 1st quarter. Regal Investment Advisors LLC now owns 1,935 shares of the specialty chemicals company's stock worth $483,000 after buying an additional 92 shares during the last quarter. Transcend Capital Advisors LLC increased its holdings in shares of Sherwin-Williams by 29.5% during the 1st quarter. Transcend Capital Advisors LLC now owns 1,137 shares of the specialty chemicals company's stock worth $284,000 after buying an additional 259 shares during the last quarter. UMB Bank N A MO increased its holdings in shares of Sherwin-Williams by 109.6% during the 1st quarter. UMB Bank N A MO now owns 35,704 shares of the specialty chemicals company's stock worth $8,912,000 after buying an additional 18,671 shares during the last quarter. Raymond James & Associates increased its holdings in shares of Sherwin-Williams by 19.9% during the 1st quarter. Raymond James & Associates now owns 466,569 shares of the specialty chemicals company's stock worth $116,469,000 after buying an additional 77,426 shares during the last quarter. Finally, U.S. Capital Wealth Advisors LLC increased its holdings in shares of Sherwin-Williams by 7.9% during the 1st quarter. U.S. Capital Wealth Advisors LLC now owns 1,459 shares of the specialty chemicals company's stock worth $364,000 after buying an additional 107 shares during the last quarter. 77.48% of the stock is currently owned by institutional investors and hedge funds.
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Sherwin-Williams Price Performance
SHW opened at $204.75 on Friday. The company's 50-day moving average price is $234.30 and its 200 day moving average price is $246.73. The Sherwin-Williams Company has a fifty-two week low of $204.57 and a fifty-two week high of $354.15. The firm has a market cap of $53.07 billion, a price-to-earnings ratio of 30.79, a price-to-earnings-growth ratio of 2.06 and a beta of 1.05. The company has a quick ratio of 0.53, a current ratio of 0.87 and a debt-to-equity ratio of 3.86.
Sherwin-Williams (NYSE:SHW – Get Rating) last announced its quarterly earnings results on Wednesday, July 27th. The specialty chemicals company reported $2.41 EPS for the quarter, missing the consensus estimate of $2.81 by ($0.40). Sherwin-Williams had a net
margin of 8.45% and a return on equity of 82.04%. The firm had revenue of $2.87 billion during the quarter, compared to analyst estimates of $6.01 billion. During the same quarter in the previous year, the business posted $2.65 EPS. Sherwin-Williams's revenue for the quarter was down 46.6% compared to the same quarter last year. As a group, sell-side analysts expect that The Sherwin-Williams Company will post 8.64 earnings per share for the current year.
Sherwin-Williams Announces Dividend
The company also recently declared a quarterly dividend, which was paid on Friday, September 9th. Shareholders of record on Friday, August 19th were paid a $0.60 dividend. The ex-dividend date was Thursday, August 18th. This represents a $2.40 annualized dividend and a dividend yield of 1.17%. Sherwin-Williams's payout ratio is currently 36.09%.
Analysts Set New Price Targets
SHW has been the subject of a number of research reports. Bank of America cut shares of Sherwin-Williams from a "buy" rating to a "neutral" rating and decreased their price target for the stock from $313.00 to $292.00 in a research report on Wednesday, July 13th. Wells Fargo & Company decreased their price target on shares of Sherwin-Williams from $285.00 to $270.00 and set an "equal weight" rating for the company in a research report on Monday, July 18th. Evercore ISI decreased their price target on shares of Sherwin-Williams to $305.00 in a research report on Thursday, June 9th. Mizuho decreased their price target on shares of Sherwin-Williams from $310.00 to $294.00 and set a "buy" rating for the company in a research report on Thursday, July 14th. Finally, Northcoast Research raised shares of Sherwin-Williams from a "neutral" rating to a "buy" rating and set a $300.00 price objective for the company in a research report on Tuesday, July 12th. One analyst has rated the stock with a sell rating, nine have given a hold rating and eight have issued a buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of "Hold" and an average price target of $310.39.
Sherwin-Williams Profile
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The Sherwin-Williams Company develops, manufactures, distributes, and sells paints, coatings, 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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