PBU The Pension Fund of Early Childhood & Youth Educators purchased a new position in shares of The Sherwin-Williams Company (NYSE:SHW – Free Report) during the fourth quarter, HoldingsChannel reports. The fund purchased 2,797 shares of the specialty chemicals company’s stock, valued at approximately $906,000.
Other large investors have also recently bought and sold shares of the company. Ares Financial Consulting LLC bought a new position in Sherwin-Williams in the 4th quarter valued at about $27,000. Lloyd Advisory Services LLC. bought a new position in Sherwin-Williams in the 4th quarter valued at about $27,000. Lodestone Wealth Management LLC bought a new position in Sherwin-Williams in the 4th quarter valued at about $31,000. Rossby Financial LCC increased its holdings in Sherwin-Williams by 96.0% in the 3rd quarter. Rossby Financial LCC now owns 98 shares of the specialty chemicals company’s stock valued at $33,000 after buying an additional 48 shares during the period. Finally, JPL Wealth Management LLC acquired a new position in Sherwin-Williams during the third quarter valued at approximately $45,000. 77.67% of the stock is currently owned by institutional investors and hedge funds.
Sherwin-Williams Trading Up 1.7%
SHW opened at $305.21 on Friday. The company’s 50 day moving average is $318.13 and its 200-day moving average is $332.79. The Sherwin-Williams Company has a 1-year low of $289.86 and a 1-year high of $379.65. The company has a current ratio of 0.86, a quick ratio of 0.53 and a debt-to-equity ratio of 2.10. The company has a market cap of $75.28 billion, a P/E ratio of 29.29, a PEG ratio of 2.64 and a beta of 1.12.
Sherwin-Williams Announces Dividend
The business also recently declared a quarterly dividend, which was paid on Friday, June 5th. Stockholders of record on Friday, May 22nd were paid a $0.80 dividend. This represents a $3.20 dividend on an annualized basis and a dividend yield of 1.0%. The ex-dividend date was Friday, May 22nd. Sherwin-Williams’s dividend payout ratio (DPR) is presently 30.71%.
Wall Street Analysts Forecast Growth
Several research analysts have commented on SHW shares. Bank of America lowered their price objective on shares of Sherwin-Williams from $370.00 to $365.00 and set a “neutral” rating for the company in a research report on Tuesday, April 21st. Royal Bank Of Canada lowered their price objective on shares of Sherwin-Williams from $390.00 to $376.00 and set an “outperform” rating for the company in a research report on Thursday, March 19th. BMO Capital Markets set a $355.00 price objective on shares of Sherwin-Williams and gave the company an “outperform” rating in a research report on Wednesday. Evercore restated an “outperform” rating on shares of Sherwin-Williams in a research report on Friday, May 8th. Finally, UBS Group downgraded shares of Sherwin-Williams from a “buy” rating to a “neutral” rating and lowered their price objective for the company from $385.00 to $330.00 in a research report on Tuesday, June 2nd. One investment analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating and six have assigned a Hold rating to the company. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $365.67.
View Our Latest Stock Analysis on SHW
Sherwin-Williams Profile
Sherwin-Williams (NYSE: SHW) is a global manufacturer and distributor of paints, coatings and related products. Founded in 1866 and headquartered in Cleveland, Ohio, the company supplies a broad range of coatings for residential, commercial and industrial applications. Its product offering includes architectural paints and stains, industrial and protective coatings, automotive finishes, and a variety of sundry products such as primers, sealants and specialty treatments used by professionals and consumers.
The company sells through multiple channels, including a large network of company-operated retail paint stores that serve professional contractors and do-it-yourself consumers, as well as through distributors and mass retailers.
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