Founders Financial Securities LLC Increases Stock Holdings in The Sherwin-Williams Company (NYSE:SHW)

Founders Financial Securities LLC boosted its holdings in The Sherwin-Williams Company (NYSE:SHW) by 2.5% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 2,961 shares of the specialty chemicals company’s stock after buying an additional 73 shares during the period. Founders Financial Securities LLC’s holdings in Sherwin-Williams were worth $1,029,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Teza Capital Management LLC boosted its holdings in Sherwin-Williams by 34.1% in the third quarter. Teza Capital Management LLC now owns 1,897 shares of the specialty chemicals company’s stock valued at $484,000 after acquiring an additional 482 shares during the last quarter. Gotham Asset Management LLC purchased a new stake in shares of Sherwin-Williams during the 3rd quarter worth about $806,000. Caisse DE Depot ET Placement DU Quebec raised its holdings in Sherwin-Williams by 202.9% in the third quarter. Caisse DE Depot ET Placement DU Quebec now owns 128,361 shares of the specialty chemicals company’s stock valued at $32,738,000 after buying an additional 85,983 shares during the period. Lazard Asset Management LLC lifted its position in Sherwin-Williams by 39.4% during the third quarter. Lazard Asset Management LLC now owns 50,346 shares of the specialty chemicals company’s stock valued at $12,840,000 after buying an additional 14,233 shares in the last quarter. Finally, SRS Capital Advisors Inc. grew its stake in Sherwin-Williams by 70.1% during the third quarter. SRS Capital Advisors Inc. now owns 3,677 shares of the specialty chemicals company’s stock worth $938,000 after buying an additional 1,515 shares during the period. Hedge funds and other institutional investors own 77.67% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms have recently issued reports on SHW. UBS Group upgraded shares of Sherwin-Williams from a “neutral” rating to a “buy” rating and lifted their price objective for the company from $312.00 to $402.00 in a research note on Thursday, March 7th. KeyCorp raised shares of Sherwin-Williams from a “sector weight” rating to an “overweight” rating and set a $400.00 target price for the company in a research report on Thursday, April 25th. StockNews.com lowered Sherwin-Williams from a “buy” rating to a “hold” rating in a report on Thursday, April 25th. Evercore ISI raised their price objective on Sherwin-Williams from $360.00 to $365.00 and gave the stock an “outperform” rating in a research note on Tuesday, May 14th. Finally, Wolfe Research initiated coverage on shares of Sherwin-Williams in a report on Friday, March 1st. They set a “peer perform” rating on the stock. One research analyst has rated the stock with a sell rating, seven have issued a hold rating and twelve have given a buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $343.41.

Sherwin-Williams Stock Up 0.5 %

Shares of SHW stock traded up $1.43 on Friday, reaching $298.43. 2,175,805 shares of the company’s stock traded hands, compared to its average volume of 2,013,075. The company has a market capitalization of $75.67 billion, a P/E ratio of 31.82, a price-to-earnings-growth ratio of 2.39 and a beta of 1.17. The Sherwin-Williams Company has a 12-month low of $232.06 and a 12-month high of $348.37. The company has a debt-to-equity ratio of 2.32, a quick ratio of 0.46 and a current ratio of 0.78. The business’s 50 day moving average price is $305.09 and its two-hundred day moving average price is $313.44.

Sherwin-Williams (NYSE:SHW) last released its quarterly earnings data 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 firm had revenue of $5.37 billion during the quarter, compared to analyst estimates of $5.50 billion. Sherwin-Williams had a return on equity of 73.74% and a net margin of 10.52%. The company’s quarterly revenue was down 1.4% on a year-over-year basis. During the same quarter in the prior year, the company posted $2.04 EPS. On average, equities analysts forecast that The Sherwin-Williams Company will post 11.43 earnings per share for the current year.

Sherwin-Williams Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, June 7th. Investors of record on Friday, May 17th were paid a dividend of $0.715 per share. The ex-dividend date of this dividend was Thursday, May 16th. This represents a $2.86 annualized dividend and a yield of 0.96%. Sherwin-Williams’s dividend payout ratio is 30.49%.

Sherwin-Williams 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.