Focus Financial Network Inc. Grows Stock Holdings in The Sherwin-Williams Company (NYSE:SHW)

Focus Financial Network Inc. grew its holdings in The Sherwin-Williams Company (NYSE:SHW) by 5.1% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 3,553 shares of the specialty chemicals company’s stock after acquiring an additional 174 shares during the period. Focus Financial Network Inc.’s holdings in Sherwin-Williams were worth $1,241,000 at the end of the most recent quarter.

Several other large investors have also made changes to their positions in the business. Voleon Capital Management LP acquired a new position in shares of Sherwin-Williams during the 4th quarter worth about $2,011,000. Kerusso Capital Management LLC increased its position in Sherwin-Williams by 75.9% during the fourth quarter. Kerusso Capital Management LLC now owns 10,290 shares of the specialty chemicals company’s stock worth $3,498,000 after purchasing an additional 4,439 shares during the last quarter. Strategic Financial Concepts LLC acquired a new stake in Sherwin-Williams during the fourth quarter worth about $169,000. Empower Advisory Group LLC increased its position in Sherwin-Williams by 3.3% during the fourth quarter. Empower Advisory Group LLC now owns 322,925 shares of the specialty chemicals company’s stock worth $109,772,000 after purchasing an additional 10,267 shares during the last quarter. Finally, Horizon Investments LLC increased its position in Sherwin-Williams by 2.7% during the fourth quarter. Horizon Investments LLC now owns 6,031 shares of the specialty chemicals company’s stock worth $2,050,000 after purchasing an additional 161 shares during the last quarter. 77.67% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several research analysts recently weighed in on SHW shares. Morgan Stanley lowered their price objective on Sherwin-Williams from $405.00 to $385.00 and set an “overweight” rating for the company in a research report on Tuesday, April 22nd. Mizuho set a $395.00 price target on shares of Sherwin-Williams in a research report on Tuesday, April 15th. Jefferies Financial Group reaffirmed a “hold” rating and set a $380.00 price objective (down from $423.00) on shares of Sherwin-Williams in a research report on Monday, March 10th. UBS Group cut their target price on Sherwin-Williams from $430.00 to $400.00 and set a “buy” rating on the stock in a research report on Monday, April 7th. Finally, Citigroup lowered their target price on shares of Sherwin-Williams from $423.00 to $375.00 and set a “buy” rating on the stock in a research report on Tuesday, April 8th. Five research analysts have rated the stock with a hold rating, eleven have assigned a buy rating and two have issued a strong buy rating to the company. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $397.00.

Sherwin-Williams Stock Down 0.3%

Shares of Sherwin-Williams stock opened at $356.16 on Friday. The company has a market capitalization of $89.25 billion, a PE ratio of 33.76, a P/E/G ratio of 2.98 and a beta of 1.21. The company has a debt-to-equity ratio of 2.02, a current ratio of 0.79 and a quick ratio of 0.46. The business has a 50-day moving average of $347.71 and a 200-day moving average of $352.35. The Sherwin-Williams Company has a 1-year low of $292.27 and a 1-year high of $400.42.

Sherwin-Williams (NYSE:SHW) last posted its quarterly earnings results on Tuesday, April 29th. The specialty chemicals company reported $2.25 EPS for the quarter, beating the consensus estimate of $2.23 by $0.02. The business had revenue of $5.31 billion during the quarter, compared to analyst estimates of $5.42 billion. Sherwin-Williams had a net margin of 11.61% and a return on equity of 74.50%. The company’s quarterly revenue was down 1.1% on a year-over-year basis. During the same period in the previous year, the business posted $2.17 EPS. As a group, equities analysts forecast that The Sherwin-Williams Company will post 12 EPS for the current fiscal year.

Sherwin-Williams Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, June 6th. Stockholders of record on Friday, May 16th were issued a dividend of $0.79 per share. The ex-dividend date of this dividend was Friday, May 16th. This represents a $3.16 dividend on an annualized basis and a dividend yield of 0.89%. Sherwin-Williams’s dividend payout ratio is currently 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.