1,140 Shares in The Sherwin-Williams Company (NYSE:SHW) Purchased by Shell Asset Management Co.

Shell Asset Management Co. acquired a new position in shares of The Sherwin-Williams Company (NYSE:SHW) during the first quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 1,140 shares of the specialty chemicals company’s stock, valued at approximately $396,000.

A number of other large investors have also recently bought and sold shares of SHW. First United Bank & Trust acquired a new stake in Sherwin-Williams during the fourth quarter worth about $31,000. Tortoise Investment Management LLC grew its stake in Sherwin-Williams by 158.5% during the fourth quarter. Tortoise Investment Management LLC now owns 106 shares of the specialty chemicals company’s stock worth $33,000 after buying an additional 65 shares in the last quarter. McGlone Suttner Wealth Management Inc. acquired a new stake in Sherwin-Williams during the fourth quarter worth about $35,000. Wetzel Investment Advisors Inc. acquired a new stake in Sherwin-Williams during the fourth quarter worth about $36,000. Finally, Friedenthal Financial acquired a new stake in Sherwin-Williams during the fourth quarter worth about $46,000. 77.67% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of research firms have recently weighed in on SHW. Robert W. Baird raised their price target on shares of Sherwin-Williams from $310.00 to $325.00 and gave the company a “neutral” rating in a research note on Wednesday. BMO Capital Markets raised their price target on shares of Sherwin-Williams from $360.00 to $386.00 and gave the company an “outperform” rating in a research note on Wednesday. The Goldman Sachs Group raised their price target on shares of Sherwin-Williams from $344.00 to $390.00 and gave the company a “buy” rating in a research note on Wednesday. Redburn Atlantic upgraded shares of Sherwin-Williams to a “strong-buy” rating in a research note on Thursday, July 18th. Finally, KeyCorp raised their price target on shares of Sherwin-Williams from $400.00 to $410.00 and gave the company an “overweight” rating in a research note on Wednesday. One research analyst has rated the stock with a sell rating, seven have given a hold rating, thirteen have issued a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $355.00.

Sherwin-Williams Stock Up 1.9 %

Sherwin-Williams stock opened at $349.22 on Friday. The company has a debt-to-equity ratio of 2.17, a quick ratio of 0.46 and a current ratio of 0.81. The Sherwin-Williams Company has a 52-week low of $232.06 and a 52-week high of $351.99. The firm has a 50 day moving average price of $307.26 and a two-hundred day moving average price of $314.74. The firm has a market cap of $88.09 billion, a price-to-earnings ratio of 37.23, a PEG ratio of 2.70 and a beta of 1.16.

Sherwin-Williams (NYSE:SHW) last released its quarterly earnings results on Tuesday, July 23rd. The specialty chemicals company reported $3.70 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.51 by $0.19. The firm had revenue of $6.27 billion during the quarter, compared to analyst estimates of $6.33 billion. Sherwin-Williams had a net margin of 10.92% and a return on equity of 75.58%. The company’s revenue was up .5% compared to the same quarter last year. During the same quarter last year, the business earned $3.29 EPS. Equities analysts predict that The Sherwin-Williams Company will post 11.44 EPS for the current year.

Sherwin-Williams Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, September 6th. Stockholders of record on Friday, August 16th will be paid a $0.715 dividend. The ex-dividend date of this dividend is Friday, August 16th. This represents a $2.86 annualized dividend and a dividend yield of 0.82%. Sherwin-Williams’s dividend payout ratio is currently 30.49%.

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.