Capital Investment Advisors LLC Buys 443 Shares of The Sherwin-Williams Company (NYSE:SHW)

Capital Investment Advisors LLC raised its stake in shares of The Sherwin-Williams Company (NYSE:SHW) by 60.1% during the 1st quarter, according to the company in its most recent filing with the SEC. The firm owned 1,180 shares of the specialty chemicals company’s stock after purchasing an additional 443 shares during the quarter. Capital Investment Advisors LLC’s holdings in Sherwin-Williams were worth $412,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds also recently made changes to their positions in SHW. Brighton Jones LLC increased its stake in Sherwin-Williams by 73.6% in the fourth quarter. Brighton Jones LLC now owns 1,545 shares of the specialty chemicals company’s stock valued at $525,000 after acquiring an additional 655 shares during the period. Strategic Financial Concepts LLC bought a new stake in Sherwin-Williams in the fourth quarter valued at about $169,000. Golden State Wealth Management LLC bought a new stake in Sherwin-Williams in the fourth quarter valued at about $47,000. Apollon Wealth Management LLC increased its stake in Sherwin-Williams by 19.6% in the fourth quarter. Apollon Wealth Management LLC now owns 4,476 shares of the specialty chemicals company’s stock valued at $1,522,000 after acquiring an additional 732 shares during the period. Finally, Kingsview Wealth Management LLC increased its stake in Sherwin-Williams by 11.1% in the fourth quarter. Kingsview Wealth Management LLC now owns 1,067 shares of the specialty chemicals company’s stock valued at $363,000 after acquiring an additional 107 shares during the period. Institutional investors own 77.67% of the company’s stock.

Sherwin-Williams Trading Up 0.8%

Shares of NYSE SHW opened at $360.77 on Wednesday. The Sherwin-Williams Company has a 1-year low of $291.77 and a 1-year high of $400.42. The company has a market cap of $90.41 billion, a PE ratio of 34.20, a P/E/G ratio of 2.98 and a beta of 1.21. 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 company has a 50-day moving average of $346.54 and a two-hundred day moving average of $352.61.

Sherwin-Williams (NYSE:SHW) last posted 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. The business had revenue of $5.31 billion during the quarter, compared to the consensus estimate of $5.42 billion. Sherwin-Williams had a net margin of 11.61% and a return on equity of 74.50%. Sherwin-Williams’s revenue for the quarter was down 1.1% compared to the same quarter last year. During the same period in the previous year, the firm posted $2.17 earnings per share. As a group, equities analysts expect that The Sherwin-Williams Company will post 12 earnings per share for the current fiscal year.

Sherwin-Williams Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, June 6th. Investors of record on Friday, May 16th were paid a dividend of $0.79 per share. This represents a $3.16 dividend on an annualized basis and a dividend yield of 0.88%. The ex-dividend date of this dividend was Friday, May 16th. Sherwin-Williams’s dividend payout ratio (DPR) is 29.87%.

Analyst Ratings Changes

A number of analysts recently weighed in on the stock. Royal Bank of Canada upped 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. Wells Fargo & Company upgraded shares of Sherwin-Williams from an “equal weight” rating to an “overweight” rating and boosted their price target for the company from $350.00 to $420.00 in a research report on Wednesday, April 30th. Morgan Stanley reduced their price target on shares of Sherwin-Williams from $405.00 to $385.00 and set an “overweight” rating on the stock in a research report on Tuesday, April 22nd. Citigroup reduced their price target on shares of Sherwin-Williams from $423.00 to $375.00 and set a “buy” rating on the stock in a research report on Tuesday, April 8th. Finally, Jefferies Financial Group restated a “hold” rating and issued a $380.00 price target (down from $423.00) on shares of Sherwin-Williams in a research report on Monday, March 10th. Five analysts have rated the stock with a hold rating, eleven have issued a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $397.00.

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.