First Horizon Advisors Inc. Boosts Holdings in The Sherwin-Williams Company (NYSE:SHW)

First Horizon Advisors Inc. increased its position in shares of The Sherwin-Williams Company (NYSE:SHW) by 12.7% during the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 3,244 shares of the specialty chemicals company’s stock after buying an additional 365 shares during the quarter. First Horizon Advisors Inc.’s holdings in Sherwin-Williams were worth $968,000 at the end of the most recent reporting period.

A number of other large investors have also recently added to or reduced their stakes in SHW. First United Bank & Trust purchased a new stake in Sherwin-Williams in the fourth quarter valued at $31,000. Tortoise Investment Management LLC lifted its holdings 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 worth $33,000 after acquiring an additional 65 shares during the last quarter. Wetzel Investment Advisors Inc. purchased a new position in shares of Sherwin-Williams during the 4th quarter worth approximately $36,000. Northwest Investment Counselors LLC acquired a new stake in Sherwin-Williams in the 1st quarter valued at approximately $47,000. Finally, Rise Advisors LLC raised its position in Sherwin-Williams by 1,154.5% in the first quarter. Rise Advisors LLC now owns 138 shares of the specialty chemicals company’s stock valued at $48,000 after purchasing an additional 127 shares during the period. 77.67% of the stock is currently owned by institutional investors and hedge funds.

Sherwin-Williams Price Performance

SHW stock opened at $355.34 on Wednesday. The stock has a market cap of $90.10 billion, a price-to-earnings ratio of 37.88, a PEG ratio of 2.77 and a beta of 1.16. The Sherwin-Williams Company has a fifty-two week low of $232.06 and a fifty-two week high of $358.50. The company has a quick ratio of 0.50, a current ratio of 0.81 and a debt-to-equity ratio of 2.17. The business has a 50 day moving average price of $322.96 and a 200 day moving average price of $320.31.

Sherwin-Williams (NYSE:SHW) last issued its quarterly earnings data on Tuesday, July 23rd. The specialty chemicals company reported $3.70 earnings per share for the quarter, topping the consensus estimate of $3.51 by $0.19. Sherwin-Williams had a net margin of 10.92% and a return on equity of 75.58%. The business had revenue of $6.27 billion during the quarter, compared to the consensus estimate of $6.33 billion. During the same quarter in the previous year, the firm earned $3.29 EPS. The company’s revenue was up .5% compared to the same quarter last year. Equities research analysts anticipate that The Sherwin-Williams Company will post 11.44 earnings per share for the current fiscal year.

Sherwin-Williams Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, September 6th. Stockholders of record on Friday, August 16th will be given a dividend of $0.715 per share. This represents a $2.86 dividend on an annualized basis and a dividend yield of 0.80%. The ex-dividend date of this dividend is Friday, August 16th. Sherwin-Williams’s dividend payout ratio (DPR) is currently 30.49%.

Analysts Set New Price Targets

A number of equities research analysts have recently weighed in on the company. Royal Bank of Canada lifted their price objective on Sherwin-Williams from $370.00 to $418.00 and gave the company an “outperform” rating in a research note on Wednesday, July 24th. The Goldman Sachs Group lifted their target price on Sherwin-Williams from $344.00 to $390.00 and gave the company a “buy” rating in a research report on Wednesday, July 24th. Mizuho reduced their price target on shares of Sherwin-Williams from $340.00 to $334.00 and set a “buy” rating on the stock in a research report on Wednesday, April 24th. Citigroup dropped their price objective on shares of Sherwin-Williams from $390.00 to $370.00 and set a “buy” rating for the company in a report on Thursday, April 25th. Finally, StockNews.com cut Sherwin-Williams from a “buy” rating to a “hold” rating in a research note on Thursday, April 25th. One investment analyst has rated the stock with a sell rating, seven have given a hold rating, thirteen have given a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, Sherwin-Williams currently has an average rating of “Moderate Buy” and an average target price of $355.00.

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.