Cascadia Advisory Services LLC bought a new stake in shares of The Sherwin-Williams Company (NYSE:SHW) during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 1,444 shares of the specialty chemicals company’s stock, valued at approximately $1,066,000.
A number of other large investors have also recently made changes to their positions in the business. CVA Family Office LLC purchased a new stake in shares of The Sherwin-Williams during the first quarter valued at approximately $30,000. Wealthcare Advisory Partners LLC bought a new stake in The Sherwin-Williams during the first quarter valued at $30,000. Vantage Consulting Group Inc purchased a new stake in The Sherwin-Williams during the fourth quarter valued at about $31,000. Trustcore Financial Services LLC purchased a new position in shares of The Sherwin-Williams in the first quarter worth about $37,000. Finally, Ellevest Inc. grew its stake in shares of The Sherwin-Williams by 114.8% in the fourth quarter. Ellevest Inc. now owns 58 shares of the specialty chemicals company’s stock worth $43,000 after purchasing an additional 31 shares during the last quarter. Institutional investors and hedge funds own 27.48% of the company’s stock.
Shares of NYSE:SHW opened at $269.23 on Friday. The firm has a market cap of $71.60 billion, a PE ratio of 34.92, a P/E/G ratio of 2.60 and a beta of 1.08. The stock’s fifty day simple moving average is $276.53. The company has a debt-to-equity ratio of 2.55, a quick ratio of 0.58 and a current ratio of 0.90. The Sherwin-Williams Company has a 1-year low of $184.34 and a 1-year high of $293.05.
The Sherwin-Williams (NYSE:SHW) last issued its quarterly earnings results on Monday, April 26th. The specialty chemicals company reported $2.06 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.65 by $0.41. The Sherwin-Williams had a net margin of 11.23% and a return on equity of 66.09%. The firm had revenue of $4.66 billion during the quarter, compared to analysts’ expectations of $4.51 billion. During the same quarter in the prior year, the business earned $4.08 EPS. The Sherwin-Williams’s quarterly revenue was up 12.3% compared to the same quarter last year. Analysts anticipate that The Sherwin-Williams Company will post 9.43 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which was paid on Friday, June 4th. Stockholders of record on Friday, May 21st were paid a $0.55 dividend. This represents a $2.20 annualized dividend and a dividend yield of 0.82%. The ex-dividend date of this dividend was Thursday, May 20th. The Sherwin-Williams’s dividend payout ratio (DPR) is presently 26.86%.
A number of equities analysts recently weighed in on the stock. TheStreet upgraded shares of The Sherwin-Williams from a “c+” rating to an “a-” rating in a report on Monday, May 3rd. Robert W. Baird increased their price objective on shares of The Sherwin-Williams from $300.00 to $325.00 and gave the company an “outperform” rating in a report on Wednesday, June 9th. Loop Capital increased their price target on shares of The Sherwin-Williams from $300.00 to $310.00 and gave the company a “buy” rating in a report on Wednesday, June 9th. Morgan Stanley raised their target price on shares of The Sherwin-Williams from $275.00 to $315.00 and gave the stock an “overweight” rating in a research report on Monday, May 17th. Finally, KeyCorp increased their price objective on shares of The Sherwin-Williams from $300.00 to $320.00 and gave the company an “overweight” rating in a research note on Wednesday, June 9th. Two equities research analysts have rated the stock with a hold rating and seventeen have given a buy rating to the company. The Sherwin-Williams has a consensus rating of “Buy” and a consensus target price of $325.91.
In other news, insider Justin T. Binns sold 1,744 shares of the firm’s stock in a transaction on Thursday, June 10th. The shares were sold at an average price of $277.51, for a total value of $483,977.44. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 0.51% of the stock is currently owned by company insiders.
The Sherwin-Williams Profile
The Sherwin-Williams Company develops, manufactures, distributes, and sells paints, coatings, and related products to professional, industrial, commercial, and retail customers. It operates in three segments: The Americas Group, Consumer Brands Group, and Performance Coatings Group. The Americas Group segment offers architectural paints and coatings, and protective and marine products, as well as OEM product finishes and related products for architectural and industrial paint contractors, and do-it-yourself homeowners.
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