Cornerstone Wealth Group LLC Takes Position in The Sherwin-Williams Company (NYSE:SHW)

Cornerstone Wealth Group LLC bought a new position in The Sherwin-Williams Company (NYSE:SHW) in the second quarter, according to its most recent filing with the SEC. The firm bought 862 shares of the specialty chemicals company’s stock, valued at approximately $257,000.

Several other large investors also recently bought and sold shares of SHW. First United Bank & Trust purchased a new stake in shares of Sherwin-Williams during the fourth quarter valued at $31,000. Tortoise Investment Management LLC raised its stake in shares of Sherwin-Williams by 158.5% in the fourth quarter. Tortoise Investment Management LLC now owns 106 shares of the specialty chemicals company’s stock worth $33,000 after purchasing an additional 65 shares during the last quarter. Northwest Investment Counselors LLC acquired a new stake in shares of Sherwin-Williams during the first quarter worth about $47,000. Rise Advisors LLC lifted its holdings in shares of Sherwin-Williams by 1,154.5% during the first quarter. Rise Advisors LLC now owns 138 shares of the specialty chemicals company’s stock worth $48,000 after purchasing an additional 127 shares during the period. Finally, Rational Advisors LLC purchased a new stake in Sherwin-Williams in the first quarter valued at approximately $57,000. Hedge funds and other institutional investors own 77.67% of the company’s stock.

Sherwin-Williams Price Performance

SHW traded up $0.82 on Friday, hitting $358.73. 1,358,595 shares of the company’s stock were exchanged, compared to its average volume of 1,622,454. The firm has a 50-day moving average price of $326.52 and a 200-day moving average price of $321.21. The stock has a market cap of $90.49 billion, a price-to-earnings ratio of 38.24, a P/E/G ratio of 2.79 and a beta of 1.16. The company has a current ratio of 0.81, a quick ratio of 0.50 and a debt-to-equity ratio of 2.17. The Sherwin-Williams Company has a fifty-two week low of $232.06 and a fifty-two week high of $360.70.

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

Sherwin-Williams Dividend Announcement

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

Wall Street Analysts Forecast Growth

SHW has been the topic of several recent research reports. Redburn Atlantic raised shares of Sherwin-Williams to a “strong-buy” rating in a report on Thursday, July 18th. The Goldman Sachs Group upped their price target on shares of Sherwin-Williams from $344.00 to $390.00 and gave the company a “buy” rating in a report on Wednesday, July 24th. Robert W. Baird lifted their price objective on Sherwin-Williams from $310.00 to $325.00 and gave the company a “neutral” rating in a research note on Wednesday, July 24th. Barclays upped their target price on Sherwin-Williams from $315.00 to $355.00 and gave the stock an “equal weight” rating in a research note on Wednesday, July 24th. Finally, Morgan Stanley lifted their price target on Sherwin-Williams from $338.00 to $375.00 and gave the company an “overweight” rating in a research report on Wednesday, July 24th. One equities 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 company’s stock. Based on data from MarketBeat, Sherwin-Williams currently has an average rating of “Moderate Buy” and an average target price 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.