Massachusetts Wealth Management Buys 100 Shares of The Sherwin-Williams Company (NYSE:SHW)

Massachusetts Wealth Management boosted its stake in shares of The Sherwin-Williams Company (NYSE:SHW) by 2.9% during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 3,575 shares of the specialty chemicals company’s stock after purchasing an additional 100 shares during the quarter. Massachusetts Wealth Management’s holdings in Sherwin-Williams were worth $1,242,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors also recently added to or reduced their stakes in SHW. First United Bank & Trust bought a new stake in Sherwin-Williams during the fourth quarter valued at about $31,000. Tortoise Investment Management LLC boosted its holdings in Sherwin-Williams by 158.5% in the fourth 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 in the last quarter. McGlone Suttner Wealth Management Inc. acquired a new stake in Sherwin-Williams in the fourth quarter worth about $35,000. Wetzel Investment Advisors Inc. acquired a new stake in Sherwin-Williams in the fourth quarter worth about $36,000. Finally, Tompkins Financial Corp boosted its holdings in Sherwin-Williams by 1,533.3% in the third quarter. Tompkins Financial Corp now owns 147 shares of the specialty chemicals company’s stock worth $37,000 after acquiring an additional 138 shares in the last quarter. Institutional investors own 77.67% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts have weighed in on the company. Loop Capital lowered their price target on Sherwin-Williams from $395.00 to $380.00 and set a “buy” rating for the company in a report on Wednesday, April 24th. Evercore ISI raised their price target on Sherwin-Williams from $360.00 to $365.00 and gave the stock an “outperform” rating in a report on Tuesday, May 14th. Royal Bank of Canada reduced their price objective on Sherwin-Williams from $380.00 to $370.00 and set an “outperform” rating for the company in a research note on Thursday, April 25th. Robert W. Baird raised their price objective on Sherwin-Williams from $300.00 to $310.00 and gave the stock a “neutral” rating in a research note on Wednesday, April 24th. Finally, Mizuho reduced their price objective on Sherwin-Williams from $340.00 to $334.00 and set a “buy” rating for the company in a research note on Wednesday, April 24th. One analyst has rated the stock with a sell rating, seven have given a hold rating and twelve have given a buy rating to the stock. Based on data from MarketBeat, Sherwin-Williams currently has an average rating of “Moderate Buy” and an average price target of $343.41.

Sherwin-Williams Price Performance

Shares of NYSE:SHW traded up $2.57 during trading on Thursday, reaching $297.22. The stock had a trading volume of 1,007,010 shares, compared to its average volume of 1,768,798. 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 has a fifty day moving average price of $304.66 and a 200-day moving average price of $313.32. The stock has a market cap of $75.36 billion, a PE ratio of 31.67, a PEG ratio of 2.37 and a beta of 1.16. The Sherwin-Williams Company has a 1-year low of $232.06 and a 1-year high of $348.37.

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 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 business’s revenue was down 1.4% on a year-over-year basis. During the same period in the prior year, the firm earned $2.04 earnings per share. On average, equities analysts forecast that The Sherwin-Williams Company will post 11.43 earnings per share for the current fiscal year.

Sherwin-Williams Dividend Announcement

The business also recently disclosed 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 dividend on an annualized basis and a yield of 0.96%. The ex-dividend date was Thursday, May 16th. Sherwin-Williams’s dividend payout ratio (DPR) is currently 30.49%.

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.