Catalina Capital Group LLC Raises Position in The Sherwin-Williams Company (NYSE:SHW)

Catalina Capital Group LLC grew its position in The Sherwin-Williams Company (NYSE:SHW) by 76.4% during the first quarter, Holdings Channel.com reports. The firm owned 1,143 shares of the specialty chemicals company’s stock after acquiring an additional 495 shares during the period. Catalina Capital Group LLC’s holdings in Sherwin-Williams were worth $397,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also modified their holdings of SHW. First Hawaiian Bank raised its position in shares of Sherwin-Williams by 0.5% in the fourth quarter. First Hawaiian Bank now owns 7,559 shares of the specialty chemicals company’s stock valued at $2,358,000 after buying an additional 34 shares during the last quarter. Tsfg LLC increased its position in Sherwin-Williams by 4.7% during the fourth quarter. Tsfg LLC now owns 754 shares of the specialty chemicals company’s stock worth $235,000 after purchasing an additional 34 shares during the last quarter. Manchester Capital Management LLC increased its position in Sherwin-Williams by 5.5% during the fourth quarter. Manchester Capital Management LLC now owns 666 shares of the specialty chemicals company’s stock worth $208,000 after purchasing an additional 35 shares during the last quarter. Tealwood Asset Management Inc. increased its position in Sherwin-Williams by 0.7% during the first quarter. Tealwood Asset Management Inc. now owns 4,913 shares of the specialty chemicals company’s stock worth $1,706,000 after purchasing an additional 35 shares during the last quarter. Finally, Ellsworth Advisors LLC increased its position in Sherwin-Williams by 0.9% during the fourth quarter. Ellsworth Advisors LLC now owns 4,108 shares of the specialty chemicals company’s stock worth $1,281,000 after purchasing an additional 36 shares during the last quarter. 77.67% of the stock is currently owned by institutional investors and hedge funds.

Sherwin-Williams Stock Up 2.1 %

NYSE SHW traded up $6.39 during trading hours on Wednesday, reaching $305.30. 1,241,806 shares of the company traded hands, compared to its average volume of 1,575,385. The Sherwin-Williams Company has a 12 month low of $232.06 and a 12 month high of $348.37. The company has a current ratio of 0.78, a quick ratio of 0.46 and a debt-to-equity ratio of 2.32. The stock has a market capitalization of $77.41 billion, a PE ratio of 32.56, a PEG ratio of 2.41 and a beta of 1.16. The company has a 50 day moving average of $304.03 and a two-hundred day moving average of $312.98.

Sherwin-Williams (NYSE:SHW) last issued its earnings results on Tuesday, April 23rd. The specialty chemicals company reported $2.17 earnings per share for the quarter, missing analysts’ consensus estimates of $2.22 by ($0.05). The business had revenue of $5.37 billion for 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 firm’s revenue for the quarter was down 1.4% on a year-over-year basis. During the same period last year, the company posted $2.04 earnings per share. As a group, equities analysts expect that The Sherwin-Williams Company will post 11.43 earnings per share for the current year.

Sherwin-Williams Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, June 7th. Shareholders of record on Friday, May 17th were issued a dividend of $0.715 per share. The ex-dividend date of this dividend was Thursday, May 16th. This represents a $2.86 dividend on an annualized basis and a dividend yield of 0.94%. Sherwin-Williams’s dividend payout ratio (DPR) is 30.49%.

Wall Street Analyst Weigh In

SHW has been the subject of several research analyst reports. Citigroup dropped their price target on shares of Sherwin-Williams from $390.00 to $370.00 and set a “buy” rating for the company in a research report on Thursday, April 25th. UBS Group decreased their price objective on shares of Sherwin-Williams from $385.00 to $355.00 and set a “buy” rating for the company in a research note on Tuesday. Loop Capital decreased their price objective on shares of Sherwin-Williams from $395.00 to $380.00 and set a “buy” rating for the company in a research note on Wednesday, April 24th. Evercore ISI boosted their price objective on shares of Sherwin-Williams from $360.00 to $365.00 and gave the stock an “outperform” rating in a research note on Tuesday, May 14th. Finally, Mizuho decreased their price objective on shares of 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 equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating and twelve have given a buy rating to the stock. Based on data from MarketBeat.com, Sherwin-Williams presently has a consensus rating of “Moderate Buy” and a consensus price target of $340.65.

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.