Koshinski Asset Management Inc. Takes Position in The Sherwin-Williams Company (NYSE:SHW)

Koshinski Asset Management Inc. bought a new position in shares of The Sherwin-Williams Company (NYSE:SHW) in the first quarter, according to the company in its most recent filing with the SEC. The institutional investor bought 921 shares of the specialty chemicals company’s stock, valued at approximately $322,000.

A number of other institutional investors also recently modified their holdings of SHW. Park Square Financial Group LLC bought a new stake in Sherwin-Williams during the 4th quarter worth about $27,000. Perkins Coie Trust Co acquired a new position in shares of Sherwin-Williams during the 1st quarter worth approximately $27,000. Lee Danner & Bass Inc. acquired a new stake in Sherwin-Williams during the 4th quarter worth approximately $28,000. HWG Holdings LP bought a new stake in shares of Sherwin-Williams in the first quarter valued at about $46,000. Finally, IMG Wealth Management Inc. acquired a new position in shares of Sherwin-Williams during the 4th quarter worth approximately $56,000. 77.67% of the stock is currently owned by institutional investors.

Sherwin-Williams Price Performance

Sherwin-Williams stock opened at $350.16 on Friday. The stock’s 50 day moving average is $350.84 and its 200 day moving average is $347.99. The Sherwin-Williams Company has a one year low of $294.32 and a one year high of $400.42. The firm has a market cap of $87.75 billion, a P/E ratio of 33.10, a P/E/G ratio of 3.17 and a beta of 1.18. The company has a debt-to-equity ratio of 1.90, a current ratio of 0.77 and a quick ratio of 0.45.

Sherwin-Williams (NYSE:SHW) last posted its quarterly earnings data on Tuesday, April 29th. The specialty chemicals company reported $2.25 EPS for the quarter, beating analysts’ consensus estimates of $2.23 by $0.02. Sherwin-Williams had a net margin of 11.63% and a return on equity of 71.86%. The company had revenue of $5.31 billion for the quarter, compared to analyst estimates of $5.42 billion. During the same period in the prior year, the firm posted $2.17 EPS. The company’s quarterly revenue was down 1.1% on a year-over-year basis. As a group, research analysts expect that The Sherwin-Williams Company will post 12 EPS for the current year.

Sherwin-Williams Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, June 6th. Investors of record on Friday, May 16th were paid a dividend of $0.79 per share. The ex-dividend date of this dividend was Friday, May 16th. This represents a $3.16 annualized dividend and a yield of 0.90%. Sherwin-Williams’s dividend payout ratio is currently 29.87%.

Wall Street Analysts Forecast Growth

A number of equities analysts have commented on SHW shares. Morgan Stanley lowered their price objective on Sherwin-Williams from $405.00 to $385.00 and set an “overweight” rating on the stock in a research note on Tuesday, April 22nd. Barclays reduced their price target on shares of Sherwin-Williams from $385.00 to $355.00 and set an “equal weight” rating on the stock in a research report on Tuesday, April 1st. Wells Fargo & Company upgraded shares of Sherwin-Williams from an “equal weight” rating to an “overweight” rating and boosted their price objective for the company from $350.00 to $420.00 in a research report on Wednesday, April 30th. Citigroup cut Sherwin-Williams from a “buy” rating to a “neutral” rating and cut their target price for the stock from $405.00 to $385.00 in a research note on Friday, June 13th. Finally, Jefferies Financial Group reiterated a “hold” rating and issued a $380.00 price target (down previously from $423.00) on shares of Sherwin-Williams in a research note on Monday, March 10th. One analyst has rated the stock with a sell rating, six have assigned a hold rating, ten have assigned a buy rating and two have issued a strong buy rating to the company. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $391.31.

About Sherwin-Williams

The Sherwin-Williams Company engages in the development, manufacture, distribution, and sale of paints, coating, and related products to professional, industrial, commercial, and retail customers. It operates through three segments: Paint Stores Group, Consumer Brands Group, and Performance Coatings Group.