The Sherwin-Williams Company (NYSE:SHW) Shares Acquired by Physicians Financial Services Inc.

Physicians Financial Services Inc. grew its holdings in The Sherwin-Williams Company (NYSE:SHW) by 5.7% during the 1st quarter, Holdings Channel reports. The firm owned 2,240 shares of the specialty chemicals company’s stock after buying an additional 120 shares during the period. Physicians Financial Services Inc.’s holdings in Sherwin-Williams were worth $782,000 at the end of the most recent reporting period.

Other large investors have also modified their holdings of the company. Perkins Coie Trust Co acquired a new stake in shares of Sherwin-Williams in the first quarter valued at approximately $27,000. Park Square Financial Group LLC purchased a new position in shares of Sherwin-Williams during the fourth quarter valued at approximately $27,000. Synergy Investment Management LLC lifted its stake in shares of Sherwin-Williams by 583.3% during the first quarter. Synergy Investment Management LLC now owns 82 shares of the specialty chemicals company’s stock valued at $29,000 after buying an additional 70 shares during the period. Barnes Dennig Private Wealth Management LLC purchased a new position in shares of Sherwin-Williams during the first quarter valued at approximately $30,000. Finally, HWG Holdings LP purchased a new position in shares of Sherwin-Williams in the 1st quarter valued at $46,000. 77.67% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of equities analysts have recently commented on the stock. JPMorgan Chase & Co. cut their target price on shares of Sherwin-Williams from $390.00 to $378.00 and set an “overweight” rating on the stock in a research note on Wednesday, July 23rd. Royal Bank Of Canada raised their target price on shares of Sherwin-Williams from $410.00 to $420.00 and gave the company an “outperform” rating in a research note on Thursday, May 1st. Morgan Stanley cut their target price on shares of Sherwin-Williams from $405.00 to $385.00 and set an “overweight” rating on the stock in a research note on Tuesday, April 22nd. Barclays cut their target price on shares of Sherwin-Williams from $385.00 to $355.00 and set an “equal weight” rating on the stock in a research note on Tuesday, April 1st. Finally, Citigroup cut their target price on shares of Sherwin-Williams from $385.00 to $375.00 and set a “neutral” rating on the stock in a research note on Wednesday, July 23rd. One analyst has rated the stock with a sell rating, six have issued a hold rating, ten have given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $383.33.

Sherwin-Williams Stock Performance

Shares of SHW opened at $339.87 on Monday. The company’s 50 day moving average price is $348.16 and its 200 day moving average price is $348.25. The Sherwin-Williams Company has a 52 week low of $308.84 and a 52 week high of $400.42. The company has a market capitalization of $85.17 billion, a PE ratio of 33.72, a PEG ratio of 3.21 and a beta of 1.18. The company has a debt-to-equity ratio of 1.78, a quick ratio of 0.48 and a current ratio of 0.78.

Sherwin-Williams (NYSE:SHW) last issued its quarterly earnings data on Tuesday, July 22nd. The specialty chemicals company reported $3.38 earnings per share for the quarter, missing analysts’ consensus estimates of $3.76 by ($0.38). Sherwin-Williams had a return on equity of 66.91% and a net margin of 11.03%. The firm had revenue of $6.31 billion during the quarter, compared to analyst estimates of $6.31 billion. During the same quarter in the previous year, the firm posted $3.70 earnings per share. Sherwin-Williams’s quarterly revenue was up .6% compared to the same quarter last year. Research analysts expect that The Sherwin-Williams Company will post 12 EPS for the current fiscal year.

Sherwin-Williams Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, September 5th. Stockholders of record on Friday, August 15th will be paid a $0.79 dividend. This represents a $3.16 dividend on an annualized basis and a dividend yield of 0.93%. The ex-dividend date is Friday, August 15th. Sherwin-Williams’s payout ratio is 31.35%.

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.