Nicholas Hoffman & Company LLC. raised its holdings in The Sherwin-Williams Company (NYSE:SHW) by 199.8% during the second quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 1,328 shares of the specialty chemicals company’s stock after buying an additional 885 shares during the quarter. Nicholas Hoffman & Company LLC.’s holdings in The Sherwin-Williams were worth $362,000 at the end of the most recent quarter.
A number of other institutional investors and hedge funds have also added to or reduced their stakes in SHW. Gradient Investments LLC grew its holdings in The Sherwin-Williams by 217.2% in the 2nd quarter. Gradient Investments LLC now owns 92 shares of the specialty chemicals company’s stock valued at $25,000 after buying an additional 63 shares during the last quarter. FFT Wealth Management LLC acquired a new stake in The Sherwin-Williams in the 2nd quarter valued at approximately $25,000. Corbenic Partners LLC grew its holdings in The Sherwin-Williams by 200.0% in the 2nd quarter. Corbenic Partners LLC now owns 105 shares of the specialty chemicals company’s stock valued at $29,000 after buying an additional 70 shares during the last quarter. Tarbox Family Office Inc. grew its holdings in The Sherwin-Williams by 200.0% in the 2nd quarter. Tarbox Family Office Inc. now owns 105 shares of the specialty chemicals company’s stock valued at $29,000 after buying an additional 70 shares during the last quarter. Finally, Wealthcare Advisory Partners LLC acquired a new stake in shares of The Sherwin-Williams during the 1st quarter worth approximately $30,000. 75.94% of the stock is currently owned by hedge funds and other institutional investors.
Several analysts have recently weighed in on the company. Robert W. Baird reissued a “buy” rating and set a $325.00 price objective on shares of The Sherwin-Williams in a report on Wednesday, July 28th. Barclays lifted their price objective on The Sherwin-Williams from $299.00 to $305.00 and gave the stock an “equal weight” rating in a report on Wednesday, July 28th. Morgan Stanley lifted their price objective on The Sherwin-Williams from $315.00 to $345.00 and gave the stock an “overweight” rating in a report on Friday, August 20th. Zacks Investment Research raised The Sherwin-Williams from a “hold” rating to a “buy” rating and set a $297.00 price objective on the stock in a report on Friday, June 4th. Finally, Deutsche Bank Aktiengesellschaft lifted their price objective on The Sherwin-Williams from $315.00 to $320.00 and gave the stock a “buy” rating in a report on Wednesday, July 28th. Four research analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the company. According to MarketBeat, The Sherwin-Williams presently has a consensus rating of “Buy” and an average target price of $331.75.
Shares of The Sherwin-Williams stock opened at $298.86 on Wednesday. The company has a quick ratio of 0.55, a current ratio of 0.84 and a debt-to-equity ratio of 2.68. The Sherwin-Williams Company has a 12 month low of $218.06 and a 12 month high of $310.43. The business has a fifty day simple moving average of $294.67 and a 200 day simple moving average of $278.71. The stock has a market cap of $78.69 billion, a PE ratio of 37.50, a price-to-earnings-growth ratio of 2.60 and a beta of 1.08.
The Sherwin-Williams (NYSE:SHW) last announced its quarterly earnings data on Monday, July 26th. The specialty chemicals company reported $2.65 EPS for the quarter, missing analysts’ consensus estimates of $2.68 by ($0.03). The Sherwin-Williams had a return on equity of 72.71% and a net margin of 11.05%. The company had revenue of $5.38 billion for the quarter, compared to analyst estimates of $5.39 billion. During the same period last year, the firm earned $7.10 earnings per share. The firm’s revenue for the quarter was up 16.9% on a year-over-year basis. Analysts expect that The Sherwin-Williams Company will post 9.18 EPS for the current fiscal year.
The business also recently disclosed a quarterly dividend, which was paid on Friday, September 10th. Investors of record on Friday, August 20th were paid a dividend of $0.55 per share. The ex-dividend date of this dividend was Thursday, August 19th. This represents a $2.20 dividend on an annualized basis and a dividend yield of 0.74%. The Sherwin-Williams’s dividend payout ratio (DPR) is presently 26.86%.
The Sherwin-Williams Profile
The Sherwin-Williams Co engages in the manufacture and trade of paint and coatings. It operates through the following segments: America Group, Consumer Brands Group, and Performance Coating Group. The America Group segment manages the exclusive outlets for Sherwin-Williams branded paints, stains, supplies, equipment, and floor covering.
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