Advisor Resource Council Makes New Investment in The Sherwin-Williams Company (NYSE:SHW)

Advisor Resource Council bought a new position in The Sherwin-Williams Company (NYSE:SHW) in the first quarter, according to the company in its most recent disclosure with the SEC. The institutional investor bought 815 shares of the specialty chemicals company’s stock, valued at approximately $281,000.

A number of other institutional investors and hedge funds have also bought and sold shares of the company. Segment Wealth Management LLC increased its holdings in Sherwin-Williams by 0.9% in the 1st quarter. Segment Wealth Management LLC now owns 44,868 shares of the specialty chemicals company’s stock worth $15,668,000 after purchasing an additional 415 shares in the last quarter. Stableford Capital II LLC increased its stake in shares of Sherwin-Williams by 7.3% in the first quarter. Stableford Capital II LLC now owns 5,692 shares of the specialty chemicals company’s stock valued at $1,898,000 after buying an additional 389 shares during the period. Avior Wealth Management LLC increased its stake in shares of Sherwin-Williams by 1.1% in the first quarter. Avior Wealth Management LLC now owns 4,083 shares of the specialty chemicals company’s stock valued at $1,426,000 after buying an additional 43 shares during the period. Blue Trust Inc. increased its stake in shares of Sherwin-Williams by 10.0% in the first quarter. Blue Trust Inc. now owns 1,758 shares of the specialty chemicals company’s stock valued at $614,000 after buying an additional 160 shares during the period. Finally, Norris Perne & French LLP MI increased its stake in shares of Sherwin-Williams by 27.2% in the first quarter. Norris Perne & French LLP MI now owns 86,599 shares of the specialty chemicals company’s stock valued at $30,239,000 after buying an additional 18,494 shares during the period. Institutional investors and hedge funds own 77.67% of the company’s stock.

Sherwin-Williams Stock Performance

Shares of SHW stock opened at $343.93 on Tuesday. The company has a market cap of $86.19 billion, a price-to-earnings ratio of 32.51, a price-to-earnings-growth ratio of 3.03 and a beta of 1.21. The Sherwin-Williams Company has a 52 week low of $292.27 and a 52 week high of $400.42. The company has a quick ratio of 0.45, a current ratio of 0.77 and a debt-to-equity ratio of 1.90. The firm has a 50 day moving average of $348.37 and a 200-day moving average of $348.93.

Sherwin-Williams (NYSE:SHW) last issued its earnings results on Tuesday, April 29th. The specialty chemicals company reported $2.25 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.23 by $0.02. Sherwin-Williams had a return on equity of 71.86% and a net margin of 11.63%. The company had revenue of $5.31 billion for the quarter, compared to analysts’ expectations of $5.42 billion. During the same period last year, the business earned $2.17 EPS. Sherwin-Williams’s quarterly revenue was down 1.1% compared to the same quarter last year. On average, equities analysts forecast that The Sherwin-Williams Company will post 12 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 6th. Investors of record on Friday, May 16th were issued a $0.79 dividend. This represents a $3.16 dividend on an annualized basis and a dividend yield of 0.92%. The ex-dividend date of this dividend was Friday, May 16th. Sherwin-Williams’s dividend payout ratio is currently 29.87%.

Wall Street Analyst Weigh In

Several brokerages have recently weighed in on SHW. Bank of America increased their price target on Sherwin-Williams from $289.00 to $296.00 and gave the company an “underperform” rating in a research note on Monday. Wells Fargo & Company raised Sherwin-Williams from an “equal weight” rating to an “overweight” rating and increased their price target for the company from $350.00 to $420.00 in a research note on Wednesday, April 30th. Barclays decreased their price target on Sherwin-Williams from $385.00 to $355.00 and set an “equal weight” rating for the company in a research note on Tuesday, April 1st. Royal Bank Of Canada raised their target price on Sherwin-Williams from $410.00 to $420.00 and gave the stock an “outperform” rating in a research note on Thursday, May 1st. Finally, Morgan Stanley lowered their target price on Sherwin-Williams from $405.00 to $385.00 and set an “overweight” rating for the company in a report on Tuesday, April 22nd. One research analyst has rated the stock with a sell rating, six have issued a hold rating, ten have issued a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $391.31.

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.