Sawtooth Solutions LLC grew its position in shares of The Sherwin-Williams Company (NYSE:SHW – Get Rating) by 22.8% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 1,180 shares of the specialty chemicals company's stock after acquiring an additional 219 shares during the quarter. Sawtooth Solutions LLC's holdings in Sherwin-Williams were worth $264,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Other hedge funds have also recently bought and sold shares of the company. New England Professional Planning Group Inc. bought a new stake in shares of Sherwin-Williams during the 1st quarter worth $201,000. Cornerstone Advisory LLC bought a new stake in shares of Sherwin-Williams during the 4th quarter worth $44,000. Rational Advisors LLC raised its stake in shares of Sherwin-Williams by 70.1% during the 1st quarter. Rational Advisors LLC now owns 131 shares of the specialty chemicals company's stock worth $33,000 after purchasing an additional 54 shares during the period. GoalVest Advisory LLC raised its stake in shares of Sherwin-Williams by 76.0% during the 2nd quarter. GoalVest Advisory LLC now owns 132 shares of the specialty chemicals company's stock worth $32,000 after purchasing an additional 57 shares during the period. Finally, TCI Wealth Advisors Inc. raised its stake in shares of Sherwin-Williams by 257.5% during the 2nd quarter. TCI Wealth Advisors Inc. now owns 143 shares of the specialty chemicals company's stock worth $32,000 after purchasing an additional 103 shares during the period. 77.48% of the stock is owned by hedge funds and other institutional investors.
Get Sherwin-Williams alerts:Sherwin-Williams Stock Down 1.5 %
SHW stock opened at $204.75 on Friday. The company has a quick ratio of 0.53, a current ratio of 0.87 and a debt-to-equity ratio of 3.86. The firm has a market capitalization of $53.07 billion, a PE ratio of 30.79, a PEG ratio of 2.00 and a beta of 1.05. The Sherwin-Williams Company has a twelve month low of $204.57 and a twelve month high of $354.15. The stock has a 50-day simple moving average of $234.30 and a two-hundred day simple moving average of $246.76.
Sherwin-Williams (NYSE:SHW – Get Rating) last issued its quarterly earnings data 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 return on equity of 82.04% and a net margin of 8.45%. The business had revenue of $2.87 billion for the quarter, compared to analysts' expectations of $6.01 billion. During the same period in the previous year, the firm posted $2.65 EPS. The firm's revenue for the quarter was down 46.6% compared to the same quarter last year. On average, equities analysts predict that The Sherwin-Williams Company will post 8.64 EPS for the current fiscal year.Sherwin-Williams Announces Dividend
The firm also recently disclosed a quarterly dividend, which was paid on Friday, September 9th. Stockholders of record on Friday, August 19th were issued a dividend of $0.60 per share. This represents a $2.40 annualized dividend and a dividend yield of 1.17%. The ex-dividend date of this dividend was Thursday, August 18th. Sherwin-Williams's payout ratio is 36.09%.
Analyst Ratings Changes
A number of research firms have recently commented on SHW. KeyCorp lowered their target price on Sherwin-Williams from $335.00 to $290.00 and set an "overweight" rating on the stock in a research note on Thursday, July 28th. Wells Fargo & Company lowered their price objective on Sherwin-Williams from $285.00 to $270.00 and set an "equal weight" rating on the stock in a research note on Monday, July 18th. Bank of America cut Sherwin-Williams from a "buy" rating to a "neutral" rating and lowered their price objective for the company from $313.00 to $292.00 in a research note on Wednesday, July 13th. Northcoast Research upgraded Sherwin-Williams from a "neutral" rating to a "buy" rating and set a $300.00 price objective on the stock in a research note on Tuesday, July 12th. Finally, Mizuho lowered their price objective on Sherwin-Williams from $310.00 to $294.00 and set a "buy" rating on the stock in a research note on Thursday, July 14th. One equities research analyst has rated the stock with a sell rating, nine have assigned a hold rating and eight have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and an average target price of $310.39.
About Sherwin-Williams
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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.
Further Reading
- Get a free copy of the StockNews.com research report on Sherwin-Williams (SHW)
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