Farther Finance Advisors LLC Buys 2,887 Shares of The Sherwin-Williams Company (NYSE:SHW)

Farther Finance Advisors LLC boosted its stake in shares of The Sherwin-Williams Company (NYSE:SHW) by 74.4% during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 6,769 shares of the specialty chemicals company’s stock after purchasing an additional 2,887 shares during the quarter. Farther Finance Advisors LLC’s holdings in Sherwin-Williams were worth $2,373,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors also recently added to or reduced their stakes in the company. Legacy Capital Wealth Partners LLC boosted its holdings in Sherwin-Williams by 2.9% in the fourth quarter. Legacy Capital Wealth Partners LLC now owns 1,028 shares of the specialty chemicals company’s stock worth $350,000 after acquiring an additional 29 shares in the last quarter. IMS Capital Management boosted its holdings in Sherwin-Williams by 2.4% in the fourth quarter. IMS Capital Management now owns 1,287 shares of the specialty chemicals company’s stock worth $437,000 after acquiring an additional 30 shares in the last quarter. Atlantic Edge Private Wealth Management LLC boosted its holdings in Sherwin-Williams by 0.8% in the fourth quarter. Atlantic Edge Private Wealth Management LLC now owns 3,742 shares of the specialty chemicals company’s stock worth $1,272,000 after acquiring an additional 30 shares in the last quarter. Coppell Advisory Solutions LLC raised its stake in shares of Sherwin-Williams by 2.7% in the fourth quarter. Coppell Advisory Solutions LLC now owns 1,146 shares of the specialty chemicals company’s stock worth $388,000 after purchasing an additional 30 shares during the last quarter. Finally, Ashton Thomas Securities LLC raised its stake in shares of Sherwin-Williams by 1.5% in the fourth quarter. Ashton Thomas Securities LLC now owns 2,228 shares of the specialty chemicals company’s stock worth $757,000 after purchasing an additional 34 shares during the last quarter. Institutional investors own 77.67% of the company’s stock.

Analyst Ratings Changes

SHW has been the subject of several research analyst reports. Mizuho set a $395.00 price objective on Sherwin-Williams in a research note on Tuesday, April 15th. Royal Bank of Canada raised their price objective on Sherwin-Williams from $410.00 to $420.00 and gave the stock an “outperform” rating in a research note on Thursday, May 1st. Morgan Stanley reduced their price objective on Sherwin-Williams from $405.00 to $385.00 and set an “overweight” rating for the company in a research note on Tuesday, April 22nd. Barclays reduced their price objective on Sherwin-Williams from $385.00 to $355.00 and set an “equal weight” rating for the company in a research note on Tuesday, April 1st. Finally, Wells Fargo & Company upgraded Sherwin-Williams from an “equal weight” rating to an “overweight” rating and raised their price objective for the stock from $350.00 to $420.00 in a research note on Wednesday, April 30th. Five investment analysts have rated the stock with a hold rating, eleven have issued a buy rating and two have given a strong buy rating to the stock. Based on data from MarketBeat.com, Sherwin-Williams currently has an average rating of “Moderate Buy” and an average target price of $397.00.

Sherwin-Williams Stock Up 0.8%

Sherwin-Williams stock opened at $360.77 on Wednesday. The stock has a market capitalization of $90.41 billion, a PE ratio of 34.20, a price-to-earnings-growth ratio of 2.98 and a beta of 1.21. The Sherwin-Williams Company has a 12 month low of $291.77 and a 12 month high of $400.42. The business has a 50 day simple moving average of $346.54 and a 200-day simple moving average of $352.61. The company has a debt-to-equity ratio of 2.02, a current ratio of 0.79 and a quick ratio of 0.46.

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

Sherwin-Williams Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, June 6th. Stockholders 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 0.88%. The ex-dividend date was Friday, May 16th. Sherwin-Williams’s dividend payout ratio (DPR) is presently 29.87%.

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.