United Capital Financial Advisers LLC Acquires 1,624 Shares of The Sherwin-Williams Company (NYSE:SHW)

United Capital Financial Advisers LLC grew its holdings in shares of The Sherwin-Williams Company (NYSE:SHWGet Rating) by 4.4% in the second quarter, Holdings Channel.com reports. The firm owned 38,735 shares of the specialty chemicals company’s stock after buying an additional 1,624 shares during the period. United Capital Financial Advisers LLC’s holdings in Sherwin-Williams were worth $8,673,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Rational Advisors LLC boosted its position in Sherwin-Williams by 70.1% during the first quarter. Rational Advisors LLC now owns 131 shares of the specialty chemicals company’s stock worth $33,000 after purchasing an additional 54 shares during the period. GoalVest Advisory LLC boosted its position in Sherwin-Williams by 76.0% during the second quarter. GoalVest Advisory LLC now owns 132 shares of the specialty chemicals company’s stock worth $32,000 after purchasing an additional 57 shares during the period. Investors Research Corp bought a new position in Sherwin-Williams during the second quarter worth about $32,000. TCI Wealth Advisors Inc. boosted its position in Sherwin-Williams by 257.5% during the second quarter. TCI Wealth Advisors Inc. now owns 143 shares of the specialty chemicals company’s stock worth $32,000 after purchasing an additional 103 shares during the period. Finally, Institutional & Family Asset Management LLC boosted its position in shares of Sherwin-Williams by 216.7% in the second quarter. Institutional & Family Asset Management LLC now owns 152 shares of the specialty chemicals company’s stock valued at $34,000 after acquiring an additional 104 shares during the period. Institutional investors own 77.48% of the company’s stock.

Sherwin-Williams Trading Up 2.7 %

SHW stock opened at $250.00 on Thursday. The company has a market capitalization of $64.79 billion, a PE ratio of 33.83, a price-to-earnings-growth ratio of 2.18 and a beta of 1.06. The Sherwin-Williams Company has a one year low of $195.24 and a one year high of $354.15. The company’s 50 day moving average price is $218.83 and its two-hundred day moving average price is $236.76. The company has a debt-to-equity ratio of 3.69, a quick ratio of 0.59 and a current ratio of 1.00.

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

Sherwin-Williams Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, December 2nd. Shareholders of record on Friday, November 18th will be paid a dividend of $0.60 per share. This represents a $2.40 annualized dividend and a dividend yield of 0.96%. The ex-dividend date of this dividend is Thursday, November 17th. Sherwin-Williams’s dividend payout ratio (DPR) is presently 32.48%.

Analyst Ratings Changes

A number of equities analysts have recently commented on SHW shares. Mizuho cut their price objective on shares of Sherwin-Williams from $288.00 to $264.00 and set a “buy” rating for the company in a research report on Monday, October 10th. The Goldman Sachs Group started coverage on shares of Sherwin-Williams in a research report on Thursday, October 13th. They issued a “buy” rating and a $280.00 price objective for the company. Deutsche Bank Aktiengesellschaft cut their price objective on shares of Sherwin-Williams from $275.00 to $265.00 and set a “buy” rating for the company in a research report on Wednesday, October 26th. Citigroup cut their price objective on shares of Sherwin-Williams from $248.00 to $215.00 in a research report on Tuesday, October 4th. Finally, Credit Suisse Group lowered their target price on shares of Sherwin-Williams to $210.00 in a research note on Thursday, October 27th. One analyst has rated the stock with a sell rating, six have issued a hold rating and eleven have given a buy rating to the company’s stock. Based on data from MarketBeat.com, Sherwin-Williams currently has a consensus rating of “Moderate Buy” and a consensus price target 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.

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

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