MCF Advisors LLC Has $65,000 Stake in The Sherwin-Williams Company (NYSE:SHW)

MCF Advisors LLC boosted its holdings in The Sherwin-Williams Company (NYSE:SHW) by 405.4% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 187 shares of the specialty chemicals company’s stock after purchasing an additional 150 shares during the quarter. MCF Advisors LLC’s holdings in Sherwin-Williams were worth $65,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. First United Bank & Trust acquired a new stake in shares of Sherwin-Williams in the 4th quarter worth about $31,000. Tortoise Investment Management LLC lifted its holdings in shares of Sherwin-Williams by 158.5% in the fourth quarter. Tortoise Investment Management LLC now owns 106 shares of the specialty chemicals company’s stock valued at $33,000 after purchasing an additional 65 shares in the last quarter. McGlone Suttner Wealth Management Inc. purchased a new position in shares of Sherwin-Williams during the fourth quarter valued at approximately $35,000. Wetzel Investment Advisors Inc. bought a new stake in Sherwin-Williams during the fourth quarter worth $36,000. Finally, Tompkins Financial Corp raised its position in Sherwin-Williams by 1,533.3% in the 3rd quarter. Tompkins Financial Corp now owns 147 shares of the specialty chemicals company’s stock valued at $37,000 after buying an additional 138 shares during the last quarter. Institutional investors own 77.67% of the company’s stock.

Analyst Ratings Changes

Several analysts have recently issued reports on the stock. JPMorgan Chase & Co. reduced their target price on shares of Sherwin-Williams from $317.00 to $315.00 and set an “overweight” rating for the company in a research note on Wednesday, April 24th. BMO Capital Markets dropped their target price on shares of Sherwin-Williams from $377.00 to $360.00 and set an “outperform” rating on the stock in a research report on Wednesday, June 12th. UBS Group raised Sherwin-Williams from a “neutral” rating to a “buy” rating and upped their target price for the company from $312.00 to $402.00 in a report on Thursday, March 7th. Evercore ISI lifted their price target on Sherwin-Williams from $360.00 to $365.00 and gave the stock an “outperform” rating in a report on Tuesday, May 14th. Finally, Robert W. Baird upped their price objective on Sherwin-Williams from $300.00 to $310.00 and gave the company a “neutral” rating in a research note on Wednesday, April 24th. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating and twelve have given a buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $343.41.

Sherwin-Williams Stock Performance

Shares of SHW opened at $298.43 on Friday. The Sherwin-Williams Company has a 52-week low of $232.06 and a 52-week high of $348.37. The stock’s 50-day simple moving average is $305.09 and its 200 day simple moving average is $313.44. The company has a debt-to-equity ratio of 2.32, a quick ratio of 0.46 and a current ratio of 0.78. The stock has a market capitalization of $75.67 billion, a price-to-earnings ratio of 31.82, a price-to-earnings-growth ratio of 2.40 and a beta of 1.17.

Sherwin-Williams (NYSE:SHW) last announced its quarterly earnings results on Tuesday, April 23rd. The specialty chemicals company reported $2.17 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.22 by ($0.05). The firm had revenue of $5.37 billion during the quarter, compared to analysts’ expectations of $5.50 billion. Sherwin-Williams had a return on equity of 73.74% and a net margin of 10.52%. The company’s quarterly revenue was down 1.4% compared to the same quarter last year. During the same period in the previous year, the company posted $2.04 earnings per share. Research analysts forecast that The Sherwin-Williams Company will post 11.43 EPS for the current fiscal year.

Sherwin-Williams Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, June 7th. Stockholders of record on Friday, May 17th were issued a $0.715 dividend. The ex-dividend date of this dividend was Thursday, May 16th. This represents a $2.86 annualized dividend and a dividend yield of 0.96%. Sherwin-Williams’s 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.