Signal Advisors Wealth LLC reduced its holdings in The Sherwin-Williams Company (NYSE:SHW – Free Report) by 80.2% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 1,610 shares of the specialty chemicals company’s stock after selling 6,530 shares during the period. Signal Advisors Wealth LLC’s holdings in Sherwin-Williams were worth $516,000 at the end of the most recent quarter.
A number of other hedge funds and other institutional investors have also recently made changes to their positions in the business. Brighton Jones LLC grew its position in Sherwin-Williams by 73.6% during the 4th quarter. Brighton Jones LLC now owns 1,545 shares of the specialty chemicals company’s stock worth $525,000 after purchasing an additional 655 shares during the period. Empowered Funds LLC raised its position in Sherwin-Williams by 11.2% during the first quarter. Empowered Funds LLC now owns 6,236 shares of the specialty chemicals company’s stock valued at $2,178,000 after acquiring an additional 626 shares in the last quarter. Jump Financial LLC acquired a new position in Sherwin-Williams in the second quarter valued at approximately $1,210,000. Sei Investments Co. lifted its holdings in Sherwin-Williams by 43.6% in the second quarter. Sei Investments Co. now owns 196,915 shares of the specialty chemicals company’s stock valued at $67,612,000 after acquiring an additional 59,831 shares during the period. Finally, Glenview Trust co grew its stake in shares of Sherwin-Williams by 4.8% during the 2nd quarter. Glenview Trust co now owns 3,249 shares of the specialty chemicals company’s stock worth $1,116,000 after purchasing an additional 148 shares during the period. Institutional investors and hedge funds own 77.67% of the company’s stock.
Sherwin-Williams Stock Up 3.2%
SHW opened at $333.09 on Thursday. The company has a market cap of $82.15 billion, a PE ratio of 31.97, a price-to-earnings-growth ratio of 2.79 and a beta of 1.12. The Sherwin-Williams Company has a twelve month low of $289.86 and a twelve month high of $379.65. The company has a 50-day moving average price of $316.44 and a 200 day moving average price of $330.98. The company has a quick ratio of 0.53, a current ratio of 0.86 and a debt-to-equity ratio of 2.10.
Sherwin-Williams Announces Dividend
The company also recently declared a quarterly dividend, which was paid on Friday, June 5th. Stockholders of record on Friday, May 22nd were paid a $0.80 dividend. The ex-dividend date of this dividend was Friday, May 22nd. This represents a $3.20 dividend on an annualized basis and a dividend yield of 1.0%. Sherwin-Williams’s payout ratio is currently 30.71%.
Wall Street Analysts Forecast Growth
SHW has been the topic of a number of recent analyst reports. Citigroup initiated coverage on shares of Sherwin-Williams in a report on Wednesday. They set an “overweight” rating on the stock. JPMorgan Chase & Co. dropped their target price on Sherwin-Williams from $385.00 to $365.00 and set an “overweight” rating on the stock in a research report on Wednesday, April 29th. Mizuho reduced their price target on Sherwin-Williams from $410.00 to $371.00 and set an “outperform” rating for the company in a report on Monday, March 23rd. Bank of America lowered their price target on Sherwin-Williams from $370.00 to $365.00 and set a “neutral” rating on the stock in a research report on Tuesday, April 21st. Finally, BMO Capital Markets set a $355.00 price objective on Sherwin-Williams and gave the company an “outperform” rating in a research report on Wednesday, June 3rd. Eight investment analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $368.69.
Get Our Latest Stock Analysis on SHW
About Sherwin-Williams
Sherwin-Williams (NYSE: SHW) is a global manufacturer and distributor of paints, coatings and related products. Founded in 1866 and headquartered in Cleveland, Ohio, the company supplies a broad range of coatings for residential, commercial and industrial applications. Its product offering includes architectural paints and stains, industrial and protective coatings, automotive finishes, and a variety of sundry products such as primers, sealants and specialty treatments used by professionals and consumers.
The company sells through multiple channels, including a large network of company-operated retail paint stores that serve professional contractors and do-it-yourself consumers, as well as through distributors and mass retailers.
Read More
- Five stocks we like better than Sherwin-Williams
- Why KB Home Could Reward Patient Investors Later
- Meta’s Internal Turmoil: Morale Nears 20-Year Low at the Wrong Time
- Tesla’s New NHTSA Probe Lands at the Worst Possible Time
- Nano Nuclear’s AI Data Center Deal Puts the Stock Back in Focus
Receive News & Ratings for Sherwin-Williams Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Sherwin-Williams and related companies with MarketBeat.com's FREE daily email newsletter.
