Cetera Advisor Networks LLC Buys 939 Shares of The Sherwin-Williams Company (NYSE:SHW)

Cetera Advisor Networks LLC grew its stake in shares of The Sherwin-Williams Company (NYSE:SHWGet Rating) by 7.1% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 14,169 shares of the specialty chemicals company’s stock after buying an additional 939 shares during the period. Cetera Advisor Networks LLC’s holdings in Sherwin-Williams were worth $3,173,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Regal Investment Advisors LLC raised its position in Sherwin-Williams by 5.0% in the 1st quarter. Regal Investment Advisors LLC now owns 1,935 shares of the specialty chemicals company’s stock valued at $483,000 after buying an additional 92 shares during the last quarter. Cibc World Market Inc. boosted its stake in Sherwin-Williams by 162.4% in the 2nd quarter. Cibc World Market Inc. now owns 27,317 shares of the specialty chemicals company’s stock valued at $6,117,000 after purchasing an additional 16,908 shares during the period. Transcend Capital Advisors LLC lifted its position in shares of Sherwin-Williams by 6.2% during the 2nd quarter. Transcend Capital Advisors LLC now owns 1,208 shares of the specialty chemicals company’s stock valued at $271,000 after acquiring an additional 71 shares during the period. Raymond James & Associates lifted its position in shares of Sherwin-Williams by 19.9% during the 1st quarter. Raymond James & Associates now owns 466,569 shares of the specialty chemicals company’s stock valued at $116,469,000 after acquiring an additional 77,426 shares during the period. Finally, Texas Permanent School Fund lifted its position in shares of Sherwin-Williams by 0.8% during the 2nd quarter. Texas Permanent School Fund now owns 31,538 shares of the specialty chemicals company’s stock valued at $7,062,000 after acquiring an additional 250 shares during the period. Institutional investors own 77.48% of the company’s stock.

Sherwin-Williams Stock Performance

NYSE:SHW opened at $250.00 on Thursday. The company has a debt-to-equity ratio of 3.69, a current ratio of 1.00 and a quick ratio of 0.59. The business has a fifty day simple moving average of $218.83 and a two-hundred day simple moving average of $236.76. The Sherwin-Williams Company has a 1 year low of $195.24 and a 1 year high of $354.15. The company has a market capitalization of $64.79 billion, a P/E ratio of 33.83, a P/E/G ratio of 2.18 and a beta of 1.06.

Sherwin-Williams (NYSE:SHWGet Rating) last released its earnings results on Tuesday, October 25th. The specialty chemicals company reported $2.83 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.63 by $0.20. Sherwin-Williams had a return on equity of 90.50% and a net margin of 8.94%. The business had revenue of $6.05 billion during the quarter, compared to the consensus estimate of $5.78 billion. During the same period last year, the business posted $2.09 earnings per share. The business’s revenue for the quarter was up 17.5% on a year-over-year basis. On average, analysts expect that The Sherwin-Williams Company will post 8.71 earnings per share for the current year.

Sherwin-Williams Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, December 2nd. Shareholders of record on Friday, November 18th will be given a $0.60 dividend. This represents a $2.40 dividend on an annualized basis and a yield of 0.96%. The ex-dividend date is Thursday, November 17th. Sherwin-Williams’s dividend payout ratio is currently 32.48%.

Wall Street Analysts Forecast Growth

Several analysts recently weighed in on the company. StockNews.com upgraded Sherwin-Williams from a “hold” rating to a “buy” rating in a research report on Wednesday, October 26th. Barclays increased their price target on Sherwin-Williams from $235.00 to $245.00 and gave the company an “equal weight” rating in a research note on Friday, October 28th. Citigroup cut their target price on Sherwin-Williams from $248.00 to $215.00 in a research report on Tuesday, October 4th. Bank of America cut their target price on Sherwin-Williams from $280.00 to $257.00 in a research report on Tuesday, October 11th. Finally, Seaport Res Ptn upgraded Sherwin-Williams from a “neutral” rating to a “buy” rating in a research report on Thursday, October 13th. One research analyst has rated the stock with a sell rating, six have given a hold rating and eleven have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $275.22.

Sherwin-Williams Profile

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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

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

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