M Holdings Securities Inc. Buys New Position in The Sherwin-Williams Company (NYSE:SHW)

M Holdings Securities Inc. bought a new stake in shares of The Sherwin-Williams Company (NYSE:SHWGet Rating) during the 1st quarter, Holdings Channel reports. The institutional investor bought 1,438 shares of the specialty chemicals company’s stock, valued at approximately $359,000.

Several other hedge funds also recently added to or reduced their stakes in SHW. Rational Advisors LLC increased its position in Sherwin-Williams by 70.1% during the 1st quarter. Rational Advisors LLC now owns 131 shares of the specialty chemicals company’s stock valued at $33,000 after buying an additional 54 shares in the last quarter. Lloyd Advisory Services LLC. increased its position in Sherwin-Williams by 105.0% during the 1st quarter. Lloyd Advisory Services LLC. now owns 164 shares of the specialty chemicals company’s stock valued at $41,000 after buying an additional 84 shares in the last quarter. First Financial Corp IN increased its position in Sherwin-Williams by 121.8% during the 1st quarter. First Financial Corp IN now owns 173 shares of the specialty chemicals company’s stock valued at $43,000 after buying an additional 95 shares in the last quarter. MCF Advisors LLC acquired a new position in Sherwin-Williams during the 1st quarter valued at about $43,000. Finally, Cornerstone Advisory LLC acquired a new position in Sherwin-Williams during the 4th quarter valued at about $44,000. 77.48% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several research firms have weighed in on SHW. Deutsche Bank Aktiengesellschaft dropped their price target on Sherwin-Williams from $315.00 to $275.00 in a research note on Thursday, July 28th. Mizuho dropped their price target on Sherwin-Williams from $310.00 to $294.00 and set a “buy” rating on the stock in a research note on Thursday, July 14th. Wells Fargo & Company dropped their price target on Sherwin-Williams from $285.00 to $270.00 and set an “equal weight” rating on the stock in a research note on Monday, July 18th. KeyCorp dropped their price target on Sherwin-Williams from $335.00 to $290.00 and set an “overweight” rating on the stock in a research note on Thursday, July 28th. Finally, Northcoast Research upgraded Sherwin-Williams from a “neutral” rating to a “buy” rating and set a $300.00 price target on the stock in a research note on Tuesday, July 12th. One analyst has rated the stock with a sell rating, nine have issued a hold rating and eight have given a buy rating to the stock. According to data from MarketBeat, the company has an average rating of “Hold” and an average price target of $310.39.

Sherwin-Williams Stock Performance

Shares of SHW stock opened at $221.56 on Friday. The company has a market capitalization of $57.42 billion, a P/E ratio of 33.32, a P/E/G ratio of 2.16 and a beta of 1.05. The business’s 50 day moving average is $241.54 and its two-hundred day moving average is $249.12. The company has a current ratio of 0.87, a quick ratio of 0.53 and a debt-to-equity ratio of 3.86. The Sherwin-Williams Company has a 12-month low of $214.22 and a 12-month high of $354.15.

Sherwin-Williams (NYSE:SHWGet Rating) last issued its quarterly earnings results on Wednesday, July 27th. The specialty chemicals company reported $2.41 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.78 by ($0.37). The business had revenue of $2.87 billion for the quarter, compared to analysts’ expectations of $6.01 billion. Sherwin-Williams had a return on equity of 82.04% and a net margin of 8.45%. The business’s revenue for the quarter was down 46.6% compared to the same quarter last year. During the same quarter in the prior year, the company posted $2.65 EPS. Analysts expect that The Sherwin-Williams Company will post 8.64 EPS for the current fiscal year.

Sherwin-Williams Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, September 9th. Shareholders of record on Friday, August 19th were issued a dividend of $0.60 per share. The ex-dividend date of this dividend was Thursday, August 18th. This represents a $2.40 dividend on an annualized basis and a dividend yield of 1.08%. Sherwin-Williams’s payout ratio is currently 36.09%.

Sherwin-Williams Company Profile

(Get Rating)

The Sherwin-Williams Company develops, manufactures, distributes, and sells paints, coatings, and related products to professional, industrial, commercial, and retail customers. It operates through 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.

Further Reading

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Institutional Ownership by Quarter for Sherwin-Williams (NYSE:SHW)

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