Beacon Capital Management LLC trimmed its holdings in shares of The Sherwin-Williams Company (NYSE:SHW – Free Report) by 4.4% in the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 1,956 shares of the specialty chemicals company’s stock after selling 91 shares during the period. Beacon Capital Management LLC’s holdings in Sherwin-Williams were worth $519,000 at the end of the most recent reporting period.
Several other large investors have also recently modified their holdings of the stock. HHM Wealth Advisors LLC boosted its position in Sherwin-Williams by 1,716.7% during the 1st quarter. HHM Wealth Advisors LLC now owns 109 shares of the specialty chemicals company’s stock valued at $25,000 after buying an additional 103 shares during the period. TCI Wealth Advisors Inc. boosted its holdings in shares of Sherwin-Williams by 296.9% during the first quarter. TCI Wealth Advisors Inc. now owns 127 shares of the specialty chemicals company’s stock worth $29,000 after purchasing an additional 95 shares during the period. Providence Capital Advisors LLC grew its stake in shares of Sherwin-Williams by 44,853.3% in the first quarter. Providence Capital Advisors LLC now owns 6,743 shares of the specialty chemicals company’s stock worth $30,000 after purchasing an additional 6,728 shares during the last quarter. Householder Group Estate & Retirement Specialist LLC purchased a new position in Sherwin-Williams during the 1st quarter valued at about $36,000. Finally, Colonial Trust Co SC raised its position in Sherwin-Williams by 315.9% during the 1st quarter. Colonial Trust Co SC now owns 183 shares of the specialty chemicals company’s stock valued at $41,000 after purchasing an additional 139 shares during the last quarter. Hedge funds and other institutional investors own 75.87% of the company’s stock.
Wall Street Analysts Forecast Growth
SHW has been the topic of a number of recent analyst reports. Citigroup lifted their price objective on Sherwin-Williams from $310.00 to $320.00 and gave the stock a “buy” rating in a research report on Thursday, July 27th. 58.com reiterated an “upgrade” rating on shares of Sherwin-Williams in a research report on Monday, June 26th. Robert W. Baird raised their price objective on shares of Sherwin-Williams from $275.00 to $300.00 in a report on Wednesday, July 26th. StockNews.com began coverage on Sherwin-Williams in a report on Thursday, August 17th. They set a “buy” rating on the stock. Finally, Loop Capital raised their target price on Sherwin-Williams from $295.00 to $325.00 and gave the company a “buy” rating in a research note on Wednesday, July 26th. Five equities research analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $283.61.
Sherwin-Williams Stock Down 0.7 %
NYSE SHW traded down $1.86 during mid-day trading on Tuesday, reaching $258.09. The stock had a trading volume of 240,375 shares, compared to its average volume of 1,466,274. The stock has a market cap of $66.37 billion, a PE ratio of 28.85, a price-to-earnings-growth ratio of 2.19 and a beta of 1.10. The Sherwin-Williams Company has a 1 year low of $195.24 and a 1 year high of $283.80. The company has a debt-to-equity ratio of 2.50, a current ratio of 1.00 and a quick ratio of 0.62. The company has a fifty day moving average price of $270.82 and a 200 day moving average price of $245.96.
Sherwin-Williams (NYSE:SHW – Get Free Report) last posted its quarterly earnings results on Tuesday, July 25th. The specialty chemicals company reported $3.29 earnings per share for the quarter, topping the consensus estimate of $2.71 by $0.58. Sherwin-Williams had a return on equity of 83.63% and a net margin of 10.20%. The firm had revenue of $6.24 billion during the quarter, compared to analysts’ expectations of $6.03 billion. During the same quarter in the previous year, the business earned $2.41 earnings per share. The company’s revenue was up 6.3% on a year-over-year basis. On average, research analysts expect that The Sherwin-Williams Company will post 9.78 earnings per share for the current year.
Sherwin-Williams Dividend Announcement
The business also recently announced a quarterly dividend, which was paid on Friday, September 8th. Investors of record on Friday, August 18th were issued a $0.605 dividend. This represents a $2.42 annualized dividend and a yield of 0.94%. The ex-dividend date of this dividend was Thursday, August 17th. Sherwin-Williams’s dividend payout ratio is currently 26.86%.
The Sherwin-Williams Company engages in the manufacture, distribution, and sale of paints, coating, 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.
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