ST Germain D J Co. Inc. Takes Position in The Sherwin-Williams Company (NYSE:SHW)

ST Germain D J Co. Inc. purchased a new position in The Sherwin-Williams Company (NYSE:SHW) in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 186 shares of the specialty chemicals company’s stock, valued at approximately $65,000.

Several other institutional investors have also recently made changes to their positions in the company. Midwest Capital Advisors LLC bought a new position in shares of Sherwin-Williams during the fourth quarter valued at approximately $26,000. Park Square Financial Group LLC purchased a new stake in Sherwin-Williams during the fourth quarter valued at $27,000. Lee Danner & Bass Inc. bought a new position in shares of Sherwin-Williams in the 4th quarter worth approximately $28,000. Sierra Ocean LLC bought a new position in Sherwin-Williams in the fourth quarter worth approximately $36,000. Finally, WR Wealth Planners LLC raised its holdings in Sherwin-Williams by 41.7% in the 4th quarter. WR Wealth Planners LLC now owns 119 shares of the specialty chemicals company’s stock worth $40,000 after purchasing an additional 35 shares during the period. Institutional investors own 77.67% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts have recently commented on SHW shares. Barclays decreased their price objective 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. Royal Bank of Canada boosted their price target on shares of Sherwin-Williams from $410.00 to $420.00 and gave the stock an “outperform” rating in a research report on Thursday, May 1st. Jefferies Financial Group restated a “hold” rating and set a $380.00 price objective (down from $423.00) on shares of Sherwin-Williams in a research report on Monday, March 10th. Wells Fargo & Company raised shares of Sherwin-Williams from an “equal weight” rating to an “overweight” rating and increased their target price for the company from $350.00 to $420.00 in a research note on Wednesday, April 30th. Finally, UBS Group decreased their price target on Sherwin-Williams from $430.00 to $400.00 and set a “buy” rating for the company in a research note on Monday, April 7th. Five research analysts have rated the stock with a hold rating, eleven have given a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $397.00.

Sherwin-Williams Trading Up 1.4%

Shares of Sherwin-Williams stock opened at $362.71 on Thursday. The Sherwin-Williams Company has a 1 year low of $282.09 and a 1 year high of $400.42. The company has a market capitalization of $90.90 billion, a P/E ratio of 34.38, a PEG ratio of 2.98 and a beta of 1.25. The company’s fifty day moving average is $345.75 and its two-hundred day moving average is $353.34. The company has a debt-to-equity ratio of 2.02, a quick ratio of 0.46 and a current ratio of 0.79.

Sherwin-Williams (NYSE:SHW) last released its earnings results 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 company had revenue of $5.31 billion during the quarter, compared to analysts’ expectations of $5.42 billion. Sherwin-Williams had a net margin of 11.61% and a return on equity of 74.50%. The business’s revenue was down 1.1% on a year-over-year basis. During the same quarter last year, the business earned $2.17 EPS. Analysts forecast that The Sherwin-Williams Company will post 12 earnings per share for the current year.

Sherwin-Williams Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, June 6th. Investors of record on Friday, May 16th will be paid a $0.79 dividend. The ex-dividend date of this dividend is Friday, May 16th. This represents a $3.16 dividend on an annualized basis and a yield of 0.87%. Sherwin-Williams’s payout ratio 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.