Congress Wealth Management LLC DE Acquires 931 Shares of The Sherwin-Williams Company (NYSE:SHW)

Congress Wealth Management LLC DE boosted its position in The Sherwin-Williams Company (NYSE:SHW) by 1.9% in the first quarter, Holdings Channel.com reports. The firm owned 49,543 shares of the specialty chemicals company’s stock after purchasing an additional 931 shares during the quarter. Congress Wealth Management LLC DE’s holdings in Sherwin-Williams were worth $17,208,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. AEGON ASSET MANAGEMENT UK Plc acquired a new stake in shares of Sherwin-Williams in the fourth quarter valued at about $38,444,000. AIA Group Ltd lifted its holdings in shares of Sherwin-Williams by 20.8% in the fourth quarter. AIA Group Ltd now owns 16,312 shares of the specialty chemicals company’s stock valued at $5,088,000 after purchasing an additional 2,810 shares in the last quarter. Simplicity Solutions LLC lifted its holdings in shares of Sherwin-Williams by 182.2% in the fourth quarter. Simplicity Solutions LLC now owns 10,700 shares of the specialty chemicals company’s stock valued at $3,337,000 after purchasing an additional 6,909 shares in the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. lifted its holdings in Sherwin-Williams by 5.7% during the fourth quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 261,178 shares of the specialty chemicals company’s stock worth $77,510,000 after acquiring an additional 13,984 shares during the period. Finally, Waterloo Capital L.P. purchased a new stake in Sherwin-Williams in the fourth quarter worth $360,000. Institutional investors and hedge funds own 77.67% of the company’s stock.

Sherwin-Williams Price Performance

SHW stock traded down $2.64 during mid-day trading on Monday, hitting $295.79. 1,333,570 shares of the stock were exchanged, compared to its average volume of 1,582,281. The company has a debt-to-equity ratio of 2.32, a current ratio of 0.78 and a quick ratio of 0.46. The business has a fifty day moving average price of $305.09 and a 200 day moving average price of $313.51. The Sherwin-Williams Company has a 12 month low of $232.06 and a 12 month high of $348.37. The stock has a market capitalization of $75.00 billion, a price-to-earnings ratio of 31.54, a PEG ratio of 2.40 and a beta of 1.16.

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

Sherwin-Williams Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, June 7th. Shareholders of record on Friday, May 17th were paid a dividend of $0.715 per share. This represents a $2.86 annualized dividend and a yield of 0.97%. The ex-dividend date was Thursday, May 16th. Sherwin-Williams’s dividend payout ratio (DPR) is currently 30.49%.

Wall Street Analysts Forecast Growth

A number of analysts have issued reports on the company. JPMorgan Chase & Co. decreased their target price on Sherwin-Williams from $317.00 to $315.00 and set an “overweight” rating for the company in a research report on Wednesday, April 24th. StockNews.com cut Sherwin-Williams from a “buy” rating to a “hold” rating in a research report on Thursday, April 25th. Citigroup reduced their price target on Sherwin-Williams from $390.00 to $370.00 and set a “buy” rating for the company in a research report on Thursday, April 25th. Evercore ISI lifted their price target on Sherwin-Williams from $360.00 to $365.00 and gave the company an “outperform” rating in a research report on Tuesday, May 14th. Finally, Royal Bank of Canada reduced their price target on Sherwin-Williams from $380.00 to $370.00 and set an “outperform” rating for the company in a research report on Thursday, April 25th. One research analyst has rated the stock with a sell rating, seven have given a hold rating and twelve have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $343.41.

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.