MV Capital Management Inc. bought a new stake in The Sherwin-Williams Company (NYSE:SHW – Free Report) during the fourth quarter, HoldingsChannel reports. The institutional investor bought 1,634 shares of the specialty chemicals company’s stock, valued at approximately $529,000.
A number of other institutional investors and hedge funds have also recently modified their holdings of SHW. Lloyd Advisory Services LLC. purchased a new stake in Sherwin-Williams in the fourth quarter worth $27,000. Ares Financial Consulting LLC purchased a new position in shares of Sherwin-Williams during the 4th quarter valued at $27,000. Kemnay Advisory Services Inc. bought a new position in shares of Sherwin-Williams during the 4th quarter worth $30,000. Lodestone Wealth Management LLC purchased a new stake in Sherwin-Williams in the 4th quarter worth about $31,000. Finally, Rossby Financial LCC raised its holdings in Sherwin-Williams by 96.0% during the 3rd quarter. Rossby Financial LCC now owns 98 shares of the specialty chemicals company’s stock valued at $33,000 after acquiring an additional 48 shares during the period. 77.67% of the stock is owned by institutional investors.
Sherwin-Williams Price Performance
Shares of NYSE SHW opened at $321.38 on Friday. The firm has a market capitalization of $79.27 billion, a P/E ratio of 30.84, a P/E/G ratio of 2.71 and a beta of 1.12. The company has a quick ratio of 0.53, a current ratio of 0.86 and a debt-to-equity ratio of 2.10. The stock’s 50-day simple moving average is $317.37 and its two-hundred day simple moving average is $331.39. The Sherwin-Williams Company has a twelve month low of $289.86 and a twelve month high of $379.65.
Sherwin-Williams Announces Dividend
The business also recently announced a quarterly dividend, which was paid on Friday, June 5th. Investors of record on Friday, May 22nd were paid a $0.80 dividend. This represents a $3.20 dividend on an annualized basis and a yield of 1.0%. The ex-dividend date of this dividend was Friday, May 22nd. Sherwin-Williams’s dividend payout ratio (DPR) is currently 30.71%.
Wall Street Analysts Forecast Growth
A number of equities analysts have recently commented on SHW shares. Citigroup began coverage on Sherwin-Williams in a report on Thursday, June 4th. They issued a “buy” rating and a $355.00 price target for the company. JPMorgan Chase & Co. lowered their price target on shares of Sherwin-Williams from $385.00 to $365.00 and set an “overweight” rating on the stock in a report on Wednesday, April 29th. 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, June 3rd. Wells Fargo & Company reduced their price objective on shares of Sherwin-Williams from $365.00 to $350.00 and set an “equal weight” rating for the company in a research note on Wednesday, April 29th. Finally, Royal Bank Of Canada lowered their target price on shares of Sherwin-Williams from $390.00 to $376.00 and set an “outperform” rating on the stock in a research note on Thursday, March 19th. One equities research analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating and six have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $366.77.
Check Out Our Latest Stock Report on Sherwin-Williams
Sherwin-Williams Company 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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