Advisory Services Network LLC Has $5.39 Million Stock Position in The Sherwin-Williams Company (NYSE:SHW)

Advisory Services Network LLC increased its position in shares of The Sherwin-Williams Company (NYSE:SHW) by 10.2% during the first quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 15,520 shares of the specialty chemicals company’s stock after buying an additional 1,437 shares during the quarter. Advisory Services Network LLC’s holdings in Sherwin-Williams were worth $5,391,000 at the end of the most recent quarter.

A number of other institutional investors have also added to or reduced their stakes in SHW. First United Bank & Trust bought a new position in shares of Sherwin-Williams in the fourth quarter valued at approximately $31,000. Tortoise Investment Management LLC grew its holdings in shares of Sherwin-Williams by 158.5% in the fourth quarter. Tortoise Investment Management LLC now owns 106 shares of the specialty chemicals company’s stock valued at $33,000 after acquiring an additional 65 shares in the last quarter. McGlone Suttner Wealth Management Inc. bought a new position in shares of Sherwin-Williams in the fourth quarter valued at approximately $35,000. Wetzel Investment Advisors Inc. bought a new position in shares of Sherwin-Williams in the fourth quarter valued at approximately $36,000. Finally, Tompkins Financial Corp grew its holdings in shares of Sherwin-Williams by 1,533.3% in the third quarter. Tompkins Financial Corp now owns 147 shares of the specialty chemicals company’s stock valued at $37,000 after acquiring an additional 138 shares in the last quarter. 77.67% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several equities analysts have weighed in on the company. Robert W. Baird increased their price objective on Sherwin-Williams from $300.00 to $310.00 and gave the company a “neutral” rating in a report on Wednesday, April 24th. Evercore ISI increased their price objective on Sherwin-Williams from $360.00 to $365.00 and gave the company an “outperform” rating in a report on Tuesday, May 14th. Mizuho cut their price target on Sherwin-Williams from $340.00 to $334.00 and set a “buy” rating for the company in a report on Wednesday, April 24th. Citigroup cut their price target on Sherwin-Williams from $390.00 to $370.00 and set a “buy” rating for the company in a report on Thursday, April 25th. Finally, Royal Bank of Canada cut their price target on Sherwin-Williams from $380.00 to $370.00 and set an “outperform” rating for the company in a report on Thursday, April 25th. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating and twelve have assigned a buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $340.65.

Sherwin-Williams Price Performance

NYSE SHW traded up $4.70 during trading hours on Friday, reaching $318.67. 320,226 shares of the stock traded hands, compared to its average volume of 1,566,157. The stock has a 50 day simple moving average of $304.27 and a two-hundred day simple moving average of $312.93. The Sherwin-Williams Company has a 1 year low of $232.06 and a 1 year high of $348.37. 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 company has a market cap of $80.80 billion, a price-to-earnings ratio of 33.49, a price-to-earnings-growth ratio of 2.46 and a beta of 1.16.

Sherwin-Williams (NYSE:SHW) last released its quarterly 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). Sherwin-Williams had a net margin of 10.52% and a return on equity of 73.74%. The firm had revenue of $5.37 billion for the quarter, compared to analysts’ expectations of $5.50 billion. During the same quarter in the previous year, the business earned $2.04 EPS. The company’s revenue for the quarter was down 1.4% on a year-over-year basis. On average, analysts predict that The Sherwin-Williams Company will post 11.43 EPS for the current fiscal year.

Sherwin-Williams Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, June 7th. Stockholders of record on Friday, May 17th were issued a $0.715 dividend. The ex-dividend date was Thursday, May 16th. This represents a $2.86 annualized dividend and a dividend yield of 0.90%. Sherwin-Williams’s dividend payout ratio is currently 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.