Kestra Private Wealth Services LLC Boosts Stake in The Sherwin-Williams Company (NYSE:SHW)

Kestra Private Wealth Services LLC increased its stake in The Sherwin-Williams Company (NYSE:SHW) by 3.4% in the 1st quarter, according to its most recent disclosure with the SEC. The institutional investor owned 10,703 shares of the specialty chemicals company’s stock after acquiring an additional 348 shares during the period. Kestra Private Wealth Services LLC’s holdings in Sherwin-Williams were worth $3,737,000 as of its most recent SEC filing.

Other large investors have also added to or reduced their stakes in the company. Norges Bank purchased a new stake in shares of Sherwin-Williams in the 4th quarter valued at $1,359,747,000. GAMMA Investing LLC boosted its position in Sherwin-Williams by 41,717.1% during the first quarter. GAMMA Investing LLC now owns 1,636,304 shares of the specialty chemicals company’s stock valued at $571,381,000 after buying an additional 1,632,391 shares during the period. Capital Research Global Investors grew its stake in shares of Sherwin-Williams by 47.1% during the fourth quarter. Capital Research Global Investors now owns 2,998,647 shares of the specialty chemicals company’s stock valued at $1,019,329,000 after buying an additional 960,724 shares during the last quarter. Barclays PLC increased its holdings in shares of Sherwin-Williams by 54.2% in the fourth quarter. Barclays PLC now owns 2,073,533 shares of the specialty chemicals company’s stock worth $704,855,000 after buying an additional 728,798 shares during the period. Finally, Northern Trust Corp lifted its stake in shares of Sherwin-Williams by 28.0% in the 4th quarter. Northern Trust Corp now owns 2,725,827 shares of the specialty chemicals company’s stock valued at $926,590,000 after acquiring an additional 595,586 shares during the last quarter. Hedge funds and other institutional investors own 77.67% of the company’s stock.

Sherwin-Williams Trading Down 0.0%

NYSE:SHW opened at $339.88 on Monday. The firm has a market capitalization of $85.17 billion, a P/E ratio of 32.12, a PEG ratio of 3.06 and a beta of 1.18. The company has a debt-to-equity ratio of 1.90, a current ratio of 0.77 and a quick ratio of 0.45. The Sherwin-Williams Company has a one year low of $308.84 and a one year high of $400.42. The company’s 50-day simple moving average is $349.79 and its 200 day simple moving average is $348.09.

Sherwin-Williams (NYSE:SHW) last posted its quarterly earnings results on Tuesday, April 29th. The specialty chemicals company reported $2.25 earnings per share for the quarter, topping the consensus estimate of $2.23 by $0.02. The company had revenue of $5.31 billion for the quarter, compared to the consensus estimate of $5.42 billion. Sherwin-Williams had a return on equity of 71.86% and a net margin of 11.63%. The firm’s quarterly revenue was down 1.1% compared to the same quarter last year. During the same quarter in the prior year, the business posted $2.17 EPS. As a group, analysts forecast that The Sherwin-Williams Company will post 12 EPS for the current fiscal year.

Sherwin-Williams Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, September 5th. Investors of record on Friday, August 15th will be given a dividend of $0.79 per share. This represents a $3.16 annualized dividend and a yield of 0.93%. The ex-dividend date of this dividend is Friday, August 15th. Sherwin-Williams’s dividend payout ratio (DPR) is 29.87%.

Analysts Set New Price Targets

Several brokerages have weighed in on SHW. Barclays lowered their price objective on Sherwin-Williams from $385.00 to $355.00 and set an “equal weight” rating for the company in a research report on Tuesday, April 1st. Bank of America increased their price target on shares of Sherwin-Williams from $289.00 to $296.00 and gave the company an “underperform” rating in a research report on Monday, June 23rd. Mizuho set a $395.00 price objective on shares of Sherwin-Williams in a research report on Tuesday, April 15th. Wells Fargo & Company upgraded shares of Sherwin-Williams from an “equal weight” rating to an “overweight” rating and increased their target price for the stock from $350.00 to $420.00 in a report on Wednesday, April 30th. Finally, Citigroup downgraded Sherwin-Williams from a “buy” rating to a “neutral” rating and reduced their price target for the company from $405.00 to $385.00 in a report on Friday, June 13th. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating, ten have given a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $391.94.

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.