Capstone Wealth Management Group LLC purchased a new position in shares of The Sherwin-Williams Company (NYSE:SHW – Free Report) during the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund purchased 1,615 shares of the specialty chemicals company’s stock, valued at approximately $518,000.
Other large investors also recently bought and sold shares of the company. Brighton Jones LLC grew its position in shares of Sherwin-Williams by 73.6% in the fourth quarter. Brighton Jones LLC now owns 1,545 shares of the specialty chemicals company’s stock valued at $525,000 after purchasing an additional 655 shares in the last quarter. Empowered Funds LLC lifted its position in Sherwin-Williams by 11.2% during the first quarter. Empowered Funds LLC now owns 6,236 shares of the specialty chemicals company’s stock worth $2,178,000 after buying an additional 626 shares in the last quarter. Jump Financial LLC acquired a new position in Sherwin-Williams during the second quarter worth $1,210,000. Sei Investments Co. grew its holdings in Sherwin-Williams by 43.6% in the 2nd quarter. Sei Investments Co. now owns 196,915 shares of the specialty chemicals company’s stock valued at $67,612,000 after buying an additional 59,831 shares in the last quarter. Finally, Glenview Trust co grew its holdings in Sherwin-Williams by 4.8% in the 2nd quarter. Glenview Trust co now owns 3,249 shares of the specialty chemicals company’s stock valued at $1,116,000 after buying an additional 148 shares in the last quarter. Hedge funds and other institutional investors own 77.67% of the company’s stock.
Sherwin-Williams Stock Down 2.0%
NYSE:SHW opened at $342.12 on Wednesday. The Sherwin-Williams Company has a 52 week low of $289.86 and a 52 week high of $379.65. The stock’s fifty day moving average is $318.09 and its two-hundred day moving average is $332.11. The stock has a market capitalization of $84.38 billion, a price-to-earnings ratio of 32.83, a price-to-earnings-growth ratio of 3.01 and a beta of 1.10. The company has a quick ratio of 0.53, a current ratio of 0.86 and a debt-to-equity ratio of 2.10.
Sherwin-Williams Dividend Announcement
The company also recently announced a quarterly dividend, which was paid on Friday, June 5th. Shareholders of record on Friday, May 22nd were given a $0.80 dividend. This represents a $3.20 annualized dividend and a yield of 0.9%. The ex-dividend date of this dividend was Friday, May 22nd. Sherwin-Williams’s payout ratio is currently 30.71%.
Wall Street Analysts Forecast Growth
Several research analysts have recently commented on the company. UBS Group lowered Sherwin-Williams from a “buy” rating to a “neutral” rating and reduced their price target for the stock from $385.00 to $330.00 in a report on Tuesday, June 2nd. BMO Capital Markets raised their price objective on shares of Sherwin-Williams from $355.00 to $400.00 and gave the stock an “outperform” rating in a research report on Monday. Mizuho reduced their target price on shares of Sherwin-Williams from $410.00 to $371.00 and set an “outperform” rating on the stock in a research note on Monday, March 23rd. Weiss Ratings upgraded shares of Sherwin-Williams from a “hold (c)” rating to a “hold (c+)” rating in a report on Thursday, July 2nd. Finally, JPMorgan Chase & Co. dropped their price target on shares of Sherwin-Williams from $385.00 to $365.00 and set an “overweight” rating for the company in a research note on Wednesday, April 29th. Eight equities research analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $372.15.
Get Our Latest Analysis on Sherwin-Williams
Sherwin-Williams Company Profile
Sherwin-Williams (NYSE: SHW) is a global manufacturer and distributor of paints, coatings and related products. Founded in 1866 and headquartered in Cleveland, Ohio, the company supplies a broad range of coatings for residential, commercial and industrial applications. Its product offering includes architectural paints and stains, industrial and protective coatings, automotive finishes, and a variety of sundry products such as primers, sealants and specialty treatments used by professionals and consumers.
The company sells through multiple channels, including a large network of company-operated retail paint stores that serve professional contractors and do-it-yourself consumers, as well as through distributors and mass retailers.
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