Smithbridge Asset Management Inc. DE Acquires Shares of 19,067 The Sherwin-Williams Company (NYSE:SHW)

Smithbridge Asset Management Inc. DE acquired a new position in shares of The Sherwin-Williams Company (NYSE:SHW) in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund acquired 19,067 shares of the specialty chemicals company’s stock, valued at approximately $6,658,000.

A number of other institutional investors have also made changes to their positions in SHW. Midwest Capital Advisors LLC bought a new stake in shares of Sherwin-Williams in the fourth quarter valued at about $26,000. Park Square Financial Group LLC acquired a new stake in shares of Sherwin-Williams in the fourth quarter valued at about $27,000. Perkins Coie Trust Co acquired a new stake in shares of Sherwin-Williams in the first quarter valued at about $27,000. Lee Danner & Bass Inc. acquired a new stake in shares of Sherwin-Williams in the fourth quarter valued at about $28,000. Finally, Sierra Ocean LLC acquired a new stake in shares of Sherwin-Williams in the fourth quarter valued at about $36,000. 77.67% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of equities analysts have weighed in on the company. Jefferies Financial Group reissued a “hold” rating and set a $380.00 price target (down previously from $423.00) on shares of Sherwin-Williams in a research report on Monday, March 10th. Mizuho set a $395.00 target price on Sherwin-Williams in a research note on Tuesday, April 15th. UBS Group lowered their target price on Sherwin-Williams from $430.00 to $400.00 and set a “buy” rating on the stock in a research note on Monday, April 7th. Morgan Stanley lowered their target price on Sherwin-Williams from $405.00 to $385.00 and set an “overweight” rating on the stock in a research note on Tuesday, April 22nd. Finally, Citigroup reduced their price target on 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 issued a buy rating and two have assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $397.00.

Sherwin-Williams Stock Down 0.3%

Shares of NYSE SHW opened at $356.16 on Friday. The firm has a market cap of $89.25 billion, a price-to-earnings ratio of 33.76, a PEG ratio of 2.98 and a beta of 1.21. The company has a quick ratio of 0.46, a current ratio of 0.79 and a debt-to-equity ratio of 2.02. The Sherwin-Williams Company has a 52-week low of $292.27 and a 52-week high of $400.42. The business’s 50 day moving average is $347.71 and its two-hundred day moving average is $352.35.

Sherwin-Williams (NYSE:SHW) last announced its quarterly earnings results on Tuesday, April 29th. The specialty chemicals company reported $2.25 earnings per share for the quarter, beating analysts’ consensus estimates of $2.23 by $0.02. The firm had revenue of $5.31 billion during the quarter, compared to analysts’ expectations of $5.42 billion. Sherwin-Williams had a net margin of 11.61% and a return on equity of 74.50%. Sherwin-Williams’s quarterly revenue was down 1.1% compared to the same quarter last year. During the same period in the previous year, the company earned $2.17 earnings per share. Research analysts predict that The Sherwin-Williams Company will post 12 EPS for the current year.

Sherwin-Williams Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, June 6th. Stockholders of record on Friday, May 16th were paid a $0.79 dividend. This represents a $3.16 dividend on an annualized basis and a dividend yield of 0.89%. The ex-dividend date of this dividend was Friday, May 16th. Sherwin-Williams’s dividend payout ratio is presently 29.87%.

Sherwin-Williams Company 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.