GenTrust LLC Acquires New Position in The Sherwin-Williams Company (NYSE:SHW)

GenTrust LLC acquired a new stake in The Sherwin-Williams Company (NYSE:SHW) in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 587 shares of the specialty chemicals company’s stock, valued at approximately $205,000.

Several other institutional investors and hedge funds have also made changes to their positions in SHW. Perkins Coie Trust Co acquired a new stake in Sherwin-Williams during the first quarter worth about $27,000. Park Square Financial Group LLC acquired a new stake in shares of Sherwin-Williams during the 4th quarter worth approximately $27,000. Lee Danner & Bass Inc. purchased a new stake in shares of Sherwin-Williams during the 4th quarter valued at approximately $28,000. WR Wealth Planners LLC lifted its holdings in Sherwin-Williams by 41.7% in the fourth quarter. WR Wealth Planners LLC now owns 119 shares of the specialty chemicals company’s stock valued at $40,000 after acquiring an additional 35 shares during the last quarter. Finally, HWG Holdings LP purchased a new position in Sherwin-Williams in the first quarter worth approximately $46,000. 77.67% of the stock is currently owned by institutional investors and hedge funds.

Sherwin-Williams Stock Performance

Shares of SHW stock opened at $343.70 on Thursday. The Sherwin-Williams Company has a 12 month low of $292.33 and a 12 month high of $400.42. The company has a current ratio of 0.77, a quick ratio of 0.45 and a debt-to-equity ratio of 1.90. The company has a market cap of $86.13 billion, a P/E ratio of 32.49, a PEG ratio of 3.11 and a beta of 1.21. The firm has a fifty day moving average price of $348.78 and a 200 day moving average price of $348.87.

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 71.86% and a net margin of 11.63%. 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. Sell-side analysts predict that The Sherwin-Williams Company will post 12 earnings per share for the current fiscal year.

Sherwin-Williams Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, June 6th. Investors of record on Friday, May 16th were given a $0.79 dividend. This represents a $3.16 dividend on an annualized basis and a dividend yield of 0.92%. The ex-dividend date was Friday, May 16th. Sherwin-Williams’s dividend payout ratio (DPR) is 29.87%.

Wall Street Analysts Forecast Growth

A number of research firms have recently weighed in on SHW. Jefferies Financial Group reiterated a “hold” rating and set a $380.00 price target (down from $423.00) on shares of Sherwin-Williams in a report on Monday, March 10th. 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 research note on Thursday, May 1st. Citigroup lowered shares of Sherwin-Williams from a “buy” rating to a “neutral” rating and decreased their price objective for the stock from $405.00 to $385.00 in a report on Friday, June 13th. Mizuho set a $395.00 target price on shares of Sherwin-Williams in a report on Tuesday, April 15th. 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 report on Tuesday, April 22nd. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating, ten have assigned a buy rating and two have assigned a strong buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $391.31.

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.