Unique Wealth LLC Invests $214,000 in The Sherwin-Williams Company (NYSE:SHW)

Unique Wealth LLC purchased a new stake in shares of The Sherwin-Williams Company (NYSE:SHWFree Report) during the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The fund purchased 616 shares of the specialty chemicals company’s stock, valued at approximately $214,000.

Several other institutional investors and hedge funds have also recently modified their holdings of SHW. First United Bank & Trust purchased a new stake in Sherwin-Williams during the fourth quarter worth about $31,000. Tortoise Investment Management LLC lifted its holdings in shares of 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 purchasing an additional 65 shares during the period. McGlone Suttner Wealth Management Inc. acquired a new stake in shares of Sherwin-Williams during the fourth quarter worth $35,000. Wetzel Investment Advisors Inc. acquired a new stake in Sherwin-Williams in the fourth quarter valued at $36,000. Finally, Tompkins Financial Corp lifted its holdings in Sherwin-Williams by 1,533.3% in the third quarter. Tompkins Financial Corp now owns 147 shares of the specialty chemicals company’s stock valued at $37,000 after acquiring an additional 138 shares during the period. Institutional investors and hedge funds own 77.67% of the company’s stock.

Sherwin-Williams Stock Down 0.0 %

Sherwin-Williams stock traded down $0.09 during midday trading on Friday, hitting $301.26. 2,312,736 shares of the company were exchanged, compared to its average volume of 1,794,700. The company’s fifty day moving average price is $306.29 and its 200-day moving average price is $313.20. The company has a market cap of $76.38 billion, a PE ratio of 32.12, a price-to-earnings-growth ratio of 2.42 and a beta of 1.17. The company has a debt-to-equity ratio of 2.32, a current ratio of 0.78 and a quick ratio of 0.46. The Sherwin-Williams Company has a fifty-two week low of $232.06 and a fifty-two week high of $348.37.

Sherwin-Williams (NYSE:SHWGet Free Report) last released its quarterly earnings results on Tuesday, April 23rd. The specialty chemicals company reported $2.17 EPS for the quarter, missing the consensus estimate of $2.22 by ($0.05). Sherwin-Williams had a return on equity of 73.74% and a net margin of 10.52%. The company had revenue of $5.37 billion for the quarter, compared to analyst estimates of $5.50 billion. During the same period last year, the firm posted $2.04 earnings per share. The business’s revenue was down 1.4% on a year-over-year basis. On average, research analysts predict that The Sherwin-Williams Company will post 11.43 EPS for the current fiscal year.

Sherwin-Williams Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, June 7th. Shareholders of record on Friday, May 17th were issued a dividend of $0.715 per share. The ex-dividend date of this dividend was Thursday, May 16th. This represents a $2.86 annualized dividend and a yield of 0.95%. Sherwin-Williams’s dividend payout ratio is presently 30.49%.

Wall Street Analysts Forecast Growth

A number of analysts recently commented on SHW shares. Citigroup dropped their price objective on Sherwin-Williams from $390.00 to $370.00 and set a “buy” rating for the company in a research report on Thursday, April 25th. KeyCorp upgraded Sherwin-Williams from a “sector weight” rating to an “overweight” rating and set a $400.00 price objective for the company in a research report on Thursday, April 25th. Wolfe Research started coverage on Sherwin-Williams in a research note on Friday, March 1st. They issued a “peer perform” rating on the stock. JPMorgan Chase & Co. decreased their price target on Sherwin-Williams from $317.00 to $315.00 and set an “overweight” rating on the stock in a research note on Wednesday, April 24th. Finally, Mizuho decreased their price target on Sherwin-Williams from $340.00 to $334.00 and set a “buy” rating on the stock in a research note on Wednesday, April 24th. One analyst has rated the stock with a sell rating, seven have issued a hold rating and twelve have issued a buy rating to the company’s stock. According to data from MarketBeat.com, Sherwin-Williams presently has an average rating of “Moderate Buy” and a consensus price target of $343.41.

Check Out Our Latest Research Report on Sherwin-Williams

Sherwin-Williams Company Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Sherwin-Williams (NYSE:SHW)

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