Advisory Services Network LLC Purchases 712 Shares of The Sherwin-Williams Company (NYSE:SHW)

Advisory Services Network LLC increased its stake in The Sherwin-Williams Company (NYSE:SHWGet Rating) by 13.1% during the first quarter, Holdings Channel reports. The firm owned 6,130 shares of the specialty chemicals company’s stock after acquiring an additional 712 shares during the period. Advisory Services Network LLC’s holdings in Sherwin-Williams were worth $1,530,000 at the end of the most recent reporting period.

A number of other hedge funds also recently modified their holdings of the stock. Vanguard Group Inc. increased its position in shares of Sherwin-Williams by 0.3% in the first quarter. Vanguard Group Inc. now owns 20,675,058 shares of the specialty chemicals company’s stock worth $5,160,908,000 after purchasing an additional 61,660 shares during the period. BlackRock Inc. increased its position in shares of Sherwin-Williams by 0.9% in the first quarter. BlackRock Inc. now owns 17,303,618 shares of the specialty chemicals company’s stock worth $4,319,329,000 after purchasing an additional 149,496 shares during the period. State Street Corp grew its position in Sherwin-Williams by 1.2% in the fourth quarter. State Street Corp now owns 11,031,115 shares of the specialty chemicals company’s stock valued at $3,884,717,000 after acquiring an additional 135,716 shares during the last quarter. Massachusetts Financial Services Co. MA grew its position in Sherwin-Williams by 6.2% in the first quarter. Massachusetts Financial Services Co. MA now owns 8,651,975 shares of the specialty chemicals company’s stock valued at $2,159,706,000 after acquiring an additional 502,212 shares during the last quarter. Finally, Capital International Investors grew its position in Sherwin-Williams by 42.2% in the first quarter. Capital International Investors now owns 4,798,484 shares of the specialty chemicals company’s stock valued at $1,197,906,000 after acquiring an additional 1,422,893 shares during the last quarter. Institutional investors own 77.48% of the company’s stock.

Wall Street Analysts Forecast Growth

SHW has been the topic of a number of recent analyst reports. Evercore ISI decreased their target price on Sherwin-Williams to $305.00 in a research report on Thursday, June 9th. Deutsche Bank Aktiengesellschaft cut their price target on Sherwin-Williams from $315.00 to $275.00 in a research note on Thursday, July 28th. Wells Fargo & Company cut 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. Credit Suisse Group assumed coverage on Sherwin-Williams in a research note on Tuesday, May 31st. They set an “underperform” rating and a $245.00 price target on the stock. Finally, Northcoast Research raised 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 equities research analyst has rated the stock with a sell rating, nine have assigned a hold rating and eight have given a buy rating to the company. According to MarketBeat, the company has an average rating of “Hold” and a consensus target price of $310.39.

Sherwin-Williams Trading Down 1.0 %

Shares of Sherwin-Williams stock opened at $221.56 on Monday. The stock has a fifty day simple moving average of $241.54 and a 200 day simple moving average of $249.08. 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. The company has a market capitalization of $57.42 billion, a P/E ratio of 33.32, a price-to-earnings-growth ratio of 2.14 and a beta of 1.05.

Sherwin-Williams (NYSE:SHWGet Rating) last issued its quarterly earnings data 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 company 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% on a year-over-year basis. During the same period last year, the company posted $2.65 EPS. On average, sell-side analysts anticipate that The Sherwin-Williams Company will post 8.64 earnings per share for the current fiscal year.

Sherwin-Williams Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, September 9th. Stockholders of record on Friday, August 19th were given a dividend of $0.60 per share. The ex-dividend date of this dividend was Thursday, August 18th. This represents a $2.40 annualized dividend and a dividend yield of 1.08%. Sherwin-Williams’s dividend payout ratio (DPR) is presently 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.

See Also

Want to see what other hedge funds are holding SHW? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for The Sherwin-Williams Company (NYSE:SHWGet Rating).

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

Receive News & Ratings for Sherwin-Williams Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Sherwin-Williams and related companies with MarketBeat.com's FREE daily email newsletter.