Richard W. Paul & Associates LLC Acquires 76 Shares of The Sherwin-Williams Company (NYSE:SHW)

Richard W. Paul & Associates LLC grew its holdings in The Sherwin-Williams Company (NYSE:SHW) by 3.4% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 2,300 shares of the specialty chemicals company’s stock after purchasing an additional 76 shares during the period. Richard W. Paul & Associates LLC’s holdings in Sherwin-Williams were worth $686,000 at the end of the most recent quarter.

A number of other institutional investors also recently modified their holdings of the business. Wetzel Investment Advisors Inc. bought a new position in shares of Sherwin-Williams in the fourth quarter valued at approximately $36,000. J.W. Cole Advisors Inc. purchased a new position in shares of Sherwin-Williams during the 4th quarter valued at $235,000. abrdn plc increased its holdings in shares of Sherwin-Williams by 55.6% in the fourth quarter. abrdn plc now owns 119,462 shares of the specialty chemicals company’s stock worth $37,260,000 after purchasing an additional 42,680 shares during the period. Lindbrook Capital LLC increased its holdings in shares of Sherwin-Williams by 90.3% in the fourth quarter. Lindbrook Capital LLC now owns 824 shares of the specialty chemicals company’s stock worth $257,000 after purchasing an additional 391 shares during the period. Finally, Verdence Capital Advisors LLC purchased a new stake in shares of Sherwin-Williams in the fourth quarter worth $226,000. 77.67% of the stock is currently owned by hedge funds and other institutional investors.

Sherwin-Williams Stock Down 0.0 %

NYSE:SHW traded down $0.06 during mid-day trading on Thursday, hitting $357.91. 934,560 shares of the company’s stock were exchanged, compared to its average volume of 1,624,086. The company has a market cap of $90.29 billion, a PE ratio of 38.16, a P/E/G ratio of 2.79 and a beta of 1.16. The company has a debt-to-equity ratio of 2.17, a current ratio of 0.81 and a quick ratio of 0.50. The Sherwin-Williams Company has a one year low of $232.06 and a one year high of $360.31. The business has a fifty day moving average price of $325.28 and a 200 day moving average price of $320.84.

Sherwin-Williams (NYSE:SHW) last posted its quarterly earnings results on Tuesday, July 23rd. The specialty chemicals company reported $3.70 earnings per share for the quarter, topping the consensus estimate of $3.51 by $0.19. The company had revenue of $6.27 billion for the quarter, compared to the consensus estimate of $6.33 billion. Sherwin-Williams had a return on equity of 75.58% and a net margin of 10.92%. The firm’s quarterly revenue was up .5% compared to the same quarter last year. During the same quarter in the prior year, the business posted $3.29 EPS. Equities analysts predict that The Sherwin-Williams Company will post 11.44 EPS for the current year.

Sherwin-Williams Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, September 6th. Investors of record on Friday, August 16th will be given a $0.715 dividend. The ex-dividend date of this dividend is Friday, August 16th. This represents a $2.86 annualized dividend and a yield of 0.80%. Sherwin-Williams’s dividend payout ratio (DPR) is presently 30.49%.

Analyst Ratings Changes

A number of equities analysts have weighed in on the company. UBS Group decreased their target price on Sherwin-Williams from $385.00 to $355.00 and set a “buy” rating on the stock in a research note on Tuesday, July 9th. Barclays raised their price objective on shares of Sherwin-Williams from $315.00 to $355.00 and gave the company an “equal weight” rating in a research report on Wednesday, July 24th. The Goldman Sachs Group upped their target price on shares of Sherwin-Williams from $344.00 to $390.00 and gave the stock a “buy” rating in a research report on Wednesday, July 24th. JPMorgan Chase & Co. lowered their price target on Sherwin-Williams from $317.00 to $315.00 and set an “overweight” rating on the stock in a research report on Wednesday, April 24th. Finally, BMO Capital Markets upped their price objective on Sherwin-Williams from $360.00 to $386.00 and gave the stock an “outperform” rating in a report on Wednesday, July 24th. One research analyst has rated the stock with a sell rating, seven have issued a hold rating, thirteen have issued a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $355.00.

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.