Wealthcare Advisory Partners LLC Grows Position in The Sherwin-Williams Company (NYSE:SHW)

Wealthcare Advisory Partners LLC boosted its position in The Sherwin-Williams Company (NYSE:SHW) by 18.4% during the first quarter, according to its most recent 13F filing with the SEC. The firm owned 882 shares of the specialty chemicals company’s stock after acquiring an additional 137 shares during the period. Wealthcare Advisory Partners LLC’s holdings in Sherwin-Williams were worth $308,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently modified their holdings of SHW. Vanguard Group Inc. grew its holdings in shares of Sherwin-Williams by 0.6% during 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 increased its position in Sherwin-Williams by 1.6% during the 4th quarter. FMR LLC now owns 6,588,755 shares of the specialty chemicals company’s stock valued at $2,239,715,000 after buying an additional 106,093 shares in the last quarter. Geode Capital Management LLC raised its position in shares of 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 purchasing an additional 96,571 shares during the last quarter. Alliancebernstein L.P. raised its position in Sherwin-Williams by 2.0% in the 4th quarter. Alliancebernstein L.P. now owns 4,316,000 shares of the specialty chemicals company’s stock worth $1,467,138,000 after buying an additional 86,268 shares during the last quarter. Finally, Norges Bank purchased a new stake in shares of Sherwin-Williams during the 4th quarter valued at about $1,359,747,000. 77.67% of the stock is currently owned by institutional investors.

Sherwin-Williams Stock Performance

Shares of Sherwin-Williams stock opened at $335.93 on Friday. The business’s fifty day simple moving average is $348.16 and its 200-day simple moving average is $351.64. The Sherwin-Williams Company has a 52 week low of $292.27 and a 52 week high of $400.42. The company has a quick ratio of 0.46, a current ratio of 0.79 and a debt-to-equity ratio of 2.02. The firm has a market cap of $84.18 billion, a PE ratio of 31.84, a price-to-earnings-growth ratio of 2.98 and a beta of 1.21.

Sherwin-Williams (NYSE:SHW) last released 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. The business had revenue of $5.31 billion for the quarter, compared to the consensus estimate of $5.42 billion. Sherwin-Williams had a return on equity of 74.50% and a net margin of 11.61%. The business’s revenue for the quarter was down 1.1% on a year-over-year basis. During the same quarter in the prior year, the business posted $2.17 EPS. Equities 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 declared a quarterly dividend, which was paid on Friday, June 6th. Stockholders of record on Friday, May 16th were issued a $0.79 dividend. The ex-dividend date was Friday, May 16th. This represents a $3.16 annualized dividend and a dividend yield of 0.94%. Sherwin-Williams’s dividend payout ratio is currently 29.87%.

Wall Street Analyst Weigh In

Several equities research analysts recently issued reports on SHW shares. Royal Bank of Canada increased their target price on shares of Sherwin-Williams from $410.00 to $420.00 and gave the stock an “outperform” rating in a report on Thursday, May 1st. Barclays cut their price target 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. Citigroup downgraded Sherwin-Williams from a “buy” rating to a “neutral” rating and lowered their price target for the stock from $405.00 to $385.00 in a report on Friday. Wells Fargo & Company raised Sherwin-Williams from an “equal weight” rating to an “overweight” rating and lifted their target price for the stock from $350.00 to $420.00 in a report on Wednesday, April 30th. Finally, UBS Group cut their price objective on Sherwin-Williams from $430.00 to $400.00 and set a “buy” rating for the company in a research report on Monday, April 7th. 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 company. According to data from MarketBeat.com, the company currently 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.