B. Riley Wealth Advisors Inc. Sells 405 Shares of The Sherwin-Williams Company (NYSE:SHW)

B. Riley Wealth Advisors Inc. lessened its holdings in The Sherwin-Williams Company (NYSE:SHW) by 3.3% during the first quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 11,961 shares of the specialty chemicals company’s stock after selling 405 shares during the quarter. B. Riley Wealth Advisors Inc.’s holdings in Sherwin-Williams were worth $4,154,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently modified their holdings of SHW. Tsfg LLC raised its position in Sherwin-Williams by 4.7% in the fourth quarter. Tsfg LLC now owns 754 shares of the specialty chemicals company’s stock valued at $235,000 after purchasing an additional 34 shares during the last quarter. Manchester Capital Management LLC grew its holdings in Sherwin-Williams by 5.5% during the 4th quarter. Manchester Capital Management LLC now owns 666 shares of the specialty chemicals company’s stock worth $208,000 after acquiring an additional 35 shares during the last quarter. Tealwood Asset Management Inc. increased its position in Sherwin-Williams by 0.7% in the 1st quarter. Tealwood Asset Management Inc. now owns 4,913 shares of the specialty chemicals company’s stock valued at $1,706,000 after acquiring an additional 35 shares during the period. Prestige Wealth Management Group LLC raised its stake in shares of Sherwin-Williams by 3.5% during the fourth quarter. Prestige Wealth Management Group LLC now owns 1,097 shares of the specialty chemicals company’s stock valued at $342,000 after acquiring an additional 37 shares during the last quarter. Finally, Capital Advisors Ltd. LLC raised its position in Sherwin-Williams by 3.4% during the 1st quarter. Capital Advisors Ltd. LLC now owns 1,140 shares of the specialty chemicals company’s stock worth $396,000 after purchasing an additional 37 shares during the last quarter. Institutional investors own 77.67% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts have issued reports on the company. KeyCorp boosted their price target on Sherwin-Williams from $400.00 to $410.00 and gave the company an “overweight” rating in a research note on Wednesday, July 24th. Redburn Atlantic raised Sherwin-Williams to a “strong-buy” rating in a report on Thursday, July 18th. Loop Capital dropped their price objective on shares of Sherwin-Williams from $395.00 to $380.00 and set a “buy” rating on the stock in a report on Wednesday, April 24th. Barclays lifted their price target on Sherwin-Williams from $315.00 to $355.00 and gave the company an “equal weight” rating in a research report on Wednesday, July 24th. Finally, StockNews.com downgraded shares of Sherwin-Williams from a “buy” rating to a “hold” rating in a report on Thursday, April 25th. One analyst has rated the stock with a sell rating, seven have issued a hold rating, thirteen have assigned a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $355.00.

Sherwin-Williams Stock Performance

Shares of NYSE:SHW traded down $1.04 on Wednesday, reaching $350.80. 1,655,318 shares of the company’s stock were exchanged, compared to its average volume of 1,618,395. The business’s 50-day moving average is $308.95 and its two-hundred day moving average is $315.71. The company has a quick ratio of 0.50, a current ratio of 0.81 and a debt-to-equity ratio of 2.17. The Sherwin-Williams Company has a fifty-two week low of $232.06 and a fifty-two week high of $356.69. The firm has a market capitalization of $88.49 billion, a price-to-earnings ratio of 37.40, a PEG ratio of 2.78 and a beta of 1.16.

Sherwin-Williams (NYSE:SHW) last issued its quarterly earnings data on Tuesday, July 23rd. The specialty chemicals company reported $3.70 earnings per share for the quarter, beating analysts’ consensus estimates of $3.51 by $0.19. The business had revenue of $6.27 billion for the quarter, compared to analysts’ expectations of $6.33 billion. Sherwin-Williams had a net margin of 10.92% and a return on equity of 75.58%. The company’s revenue was up .5% on a year-over-year basis. During the same period in the previous year, the business earned $3.29 earnings per share. As a group, equities research analysts forecast that The Sherwin-Williams Company will post 11.44 EPS for the current year.

Sherwin-Williams Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, September 6th. Stockholders of record on Friday, August 16th will be given a dividend of $0.715 per share. The ex-dividend date is Friday, August 16th. This represents a $2.86 annualized dividend and a dividend yield of 0.82%. Sherwin-Williams’s dividend payout ratio (DPR) is 30.49%.

Insider Buying and Selling

In other Sherwin-Williams news, insider Jane M. Cronin 9,320 shares of the business’s stock in a transaction that occurred on Tuesday, July 30th. The was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Insiders own 0.60% of the company’s stock.

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.