Silver Oak Securities Incorporated Buys 609 Shares of The Sherwin-Williams Company (NYSE:SHW)

Silver Oak Securities Incorporated increased its position in The Sherwin-Williams Company (NYSE:SHW) by 23.6% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 3,185 shares of the specialty chemicals company’s stock after acquiring an additional 609 shares during the quarter. Silver Oak Securities Incorporated’s holdings in Sherwin-Williams were worth $1,082,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Vanguard Group Inc. increased its stake in shares of Sherwin-Williams by 0.6% in the fourth quarter. Vanguard Group Inc. now owns 21,836,648 shares of the specialty chemicals company’s stock worth $7,422,932,000 after purchasing an additional 138,170 shares in the last quarter. FMR LLC boosted its holdings in Sherwin-Williams by 1.6% in the 4th quarter. FMR LLC now owns 6,588,755 shares of the specialty chemicals company’s stock worth $2,239,715,000 after buying an additional 106,093 shares during the period. Geode Capital Management LLC increased its stake in Sherwin-Williams by 2.0% in the 4th quarter. Geode Capital Management LLC now owns 4,829,702 shares of the specialty chemicals company’s stock worth $1,636,679,000 after buying an additional 96,571 shares in the last quarter. Alliancebernstein L.P. raised its holdings in Sherwin-Williams by 2.0% during the fourth quarter. Alliancebernstein L.P. now owns 4,316,000 shares of the specialty chemicals company’s stock valued at $1,467,138,000 after acquiring an additional 86,268 shares during the period. Finally, Norges Bank purchased a new position in shares of Sherwin-Williams in the fourth quarter valued at about $1,359,747,000. Institutional investors own 77.67% of the company’s stock.

Sherwin-Williams Stock Performance

SHW stock opened at $331.08 on Thursday. The Sherwin-Williams Company has a one year low of $292.27 and a one year high of $400.42. The firm has a market cap of $82.97 billion, a price-to-earnings ratio of 31.29, a PEG ratio of 3.00 and a beta of 1.21. The company has a debt-to-equity ratio of 1.90, a quick ratio of 0.45 and a current ratio of 0.77. The firm has a 50-day simple moving average of $348.37 and a two-hundred day simple moving average of $350.63.

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, topping the consensus estimate of $2.23 by $0.02. The firm had revenue of $5.31 billion during the quarter, compared to analyst estimates of $5.42 billion. Sherwin-Williams had a net margin of 11.63% and a return on equity of 71.86%. Sherwin-Williams’s revenue was down 1.1% on a year-over-year basis. During the same quarter in the previous year, the business posted $2.17 EPS. On average, equities analysts forecast that The Sherwin-Williams Company will post 12 EPS for the current fiscal year.

Sherwin-Williams Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, June 6th. Stockholders of record on Friday, May 16th were issued 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 dividend yield of 0.95%. Sherwin-Williams’s dividend payout ratio is presently 29.87%.

Wall Street Analyst Weigh In

Several analysts recently issued reports on the company. Barclays decreased their target price on Sherwin-Williams from $385.00 to $355.00 and set an “equal weight” rating on the stock in a research note on Tuesday, April 1st. Mizuho set a $395.00 price objective on shares of Sherwin-Williams in a research report on Tuesday, April 15th. Citigroup downgraded shares of Sherwin-Williams from a “buy” rating to a “neutral” rating and lowered their target price for the stock from $405.00 to $385.00 in a report on Friday, June 13th. Royal Bank Of Canada raised their target price on shares of Sherwin-Williams from $410.00 to $420.00 and gave the company an “outperform” rating in a research note on Thursday, May 1st. Finally, Jefferies Financial Group reissued a “hold” rating and set a $380.00 price objective (down previously from $423.00) on shares of Sherwin-Williams in a report on Monday, March 10th. Six research analysts have rated the stock with a hold rating, ten have given a buy rating and two have given a strong buy rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $397.67.

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.