665 Shares in The Sherwin-Williams Company (NYSE:SHW) Bought by Wealthcare Advisory Partners LLC

Wealthcare Advisory Partners LLC purchased a new position in The Sherwin-Williams Company (NYSE:SHW) during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 665 shares of the specialty chemicals company’s stock, valued at approximately $231,000.

Several other hedge funds have also added to or reduced their stakes in SHW. Norges Bank bought a new stake in Sherwin-Williams in the fourth quarter worth $1,176,356,000. Alphinity Investment Management Pty Ltd bought a new stake in Sherwin-Williams in the fourth quarter worth $432,737,000. Capital World Investors boosted its holdings in Sherwin-Williams by 38.9% in the fourth quarter. Capital World Investors now owns 3,840,789 shares of the specialty chemicals company’s stock worth $1,197,952,000 after acquiring an additional 1,075,351 shares in the last quarter. International Assets Investment Management LLC boosted its holdings in Sherwin-Williams by 2,853.9% in the fourth quarter. International Assets Investment Management LLC now owns 650,186 shares of the specialty chemicals company’s stock worth $202,793,000 after acquiring an additional 628,175 shares in the last quarter. Finally, Public Employees Retirement Association of Colorado boosted its holdings in Sherwin-Williams by 8,986.8% in the fourth quarter. Public Employees Retirement Association of Colorado now owns 534,121 shares of the specialty chemicals company’s stock worth $166,592,000 after acquiring an additional 528,243 shares in the last quarter. 77.67% of the stock is owned by institutional investors.

Sherwin-Williams Stock Performance

Shares of SHW opened at $295.79 on Tuesday. 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 business has a 50-day simple moving average of $305.09 and a two-hundred day simple moving average of $313.51. The stock has a market cap of $75.00 billion, a price-to-earnings ratio of 31.54, a PEG ratio of 2.40 and a beta of 1.16. The Sherwin-Williams Company has a 52 week low of $232.06 and a 52 week high of $348.37.

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

Sherwin-Williams Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, June 7th. Shareholders of record on Friday, May 17th were given a $0.715 dividend. This represents a $2.86 dividend on an annualized basis and a yield of 0.97%. The ex-dividend date of this dividend was Thursday, May 16th. Sherwin-Williams’s payout ratio is 30.49%.

Wall Street Analyst Weigh In

Several research firms have commented on SHW. Evercore ISI boosted their target price on Sherwin-Williams from $360.00 to $365.00 and gave the stock an “outperform” rating in a report on Tuesday, May 14th. UBS Group raised Sherwin-Williams from a “neutral” rating to a “buy” rating and upped their price target for the company from $312.00 to $402.00 in a report on Thursday, March 7th. KeyCorp raised Sherwin-Williams from a “sector weight” rating to an “overweight” rating and set a $400.00 price target on the stock in a report on Thursday, April 25th. Royal Bank of Canada lowered their price target on Sherwin-Williams from $380.00 to $370.00 and set an “outperform” rating on the stock in a report on Thursday, April 25th. Finally, Mizuho lowered their price target on Sherwin-Williams from $340.00 to $334.00 and set a “buy” rating on the stock in a report on Wednesday, April 24th. One analyst has rated the stock with a sell rating, seven have issued a hold rating and twelve have given a buy rating to the company. According to MarketBeat.com, Sherwin-Williams presently has an average rating of “Moderate Buy” and an average target price of $343.41.

About Sherwin-Williams

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.