The Sherwin-Williams Company (NYSE:SHW) Shares Acquired by Robbins Farley

Robbins Farley increased its holdings in The Sherwin-Williams Company (NYSE:SHW) by 0.7% during the 1st quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 10,166 shares of the specialty chemicals company’s stock after acquiring an additional 66 shares during the quarter. Sherwin-Williams makes up 1.9% of Robbins Farley’s portfolio, making the stock its 25th biggest position. Robbins Farley’s holdings in Sherwin-Williams were worth $3,550,000 as of its most recent SEC filing.

Several other institutional investors have also modified their holdings of the business. Azzad Asset Management Inc. ADV acquired a new position in shares of Sherwin-Williams in the first quarter worth about $2,926,000. Ipswich Investment Management Co. Inc. lifted its stake in shares of Sherwin-Williams by 22.0% in the first quarter. Ipswich Investment Management Co. Inc. now owns 2,053 shares of the specialty chemicals company’s stock worth $717,000 after acquiring an additional 370 shares in the last quarter. CVA Family Office LLC lifted its stake in shares of Sherwin-Williams by 7.2% in the first quarter. CVA Family Office LLC now owns 553 shares of the specialty chemicals company’s stock worth $193,000 after acquiring an additional 37 shares in the last quarter. Everhart Financial Group Inc. lifted its stake in shares of Sherwin-Williams by 5.9% in the first quarter. Everhart Financial Group Inc. now owns 1,716 shares of the specialty chemicals company’s stock worth $599,000 after acquiring an additional 96 shares in the last quarter. Finally, Bensler LLC lifted its stake in shares of Sherwin-Williams by 4.4% in the first quarter. Bensler LLC now owns 24,278 shares of the specialty chemicals company’s stock worth $8,478,000 after acquiring an additional 1,020 shares in the last quarter. Institutional investors and hedge funds own 77.67% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts recently commented on the company. Wells Fargo & Company upgraded Sherwin-Williams from an “equal weight” rating to an “overweight” rating and boosted their price target for the stock from $350.00 to $420.00 in a research note on Wednesday, April 30th. Citigroup cut Sherwin-Williams from a “buy” rating to a “neutral” rating and cut their price objective for the company from $405.00 to $385.00 in a research note on Friday. Barclays cut their price objective 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. Jefferies Financial Group restated a “hold” rating and set a $380.00 price objective (down previously from $423.00) on shares of Sherwin-Williams in a research note on Monday, March 10th. Finally, Morgan Stanley cut 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. Six research analysts have rated the stock with a hold rating, ten have assigned a buy rating and two have issued a strong buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $397.67.

Sherwin-Williams Stock Down 5.7%

Shares of Sherwin-Williams stock opened at $335.93 on Friday. The company has a current ratio of 0.79, a quick ratio of 0.46 and a debt-to-equity ratio of 2.02. The business’s 50 day simple moving average is $348.16 and its 200-day simple moving average is $351.93. The stock has a market capitalization of $84.18 billion, a price-to-earnings ratio of 31.84, a PEG ratio of 2.98 and a beta of 1.21. The Sherwin-Williams Company has a twelve month low of $292.27 and a twelve month high of $400.42.

Sherwin-Williams (NYSE:SHW) last announced its quarterly earnings results on Tuesday, April 29th. The specialty chemicals company reported $2.25 earnings per share for the quarter, topping analysts’ consensus estimates of $2.23 by $0.02. Sherwin-Williams had a return on equity of 74.50% and a net margin of 11.61%. The business had revenue of $5.31 billion for the quarter, compared to analysts’ expectations of $5.42 billion. During the same period in the prior year, the firm earned $2.17 EPS. The business’s quarterly revenue was down 1.1% on a year-over-year basis. Equities research analysts forecast that The Sherwin-Williams Company will post 12 earnings per share for the current year.

Sherwin-Williams Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, June 6th. Investors of record on Friday, May 16th were issued a $0.79 dividend. This represents a $3.16 dividend on an annualized basis and a yield of 0.94%. The ex-dividend date was Friday, May 16th. Sherwin-Williams’s dividend payout ratio (DPR) is 29.87%.

Sherwin-Williams Profile

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.