Wealthcare Advisory Partners LLC Purchases Shares of 665 The Sherwin-Williams Company (NYSE:SHW)

Wealthcare Advisory Partners LLC purchased a new stake in The Sherwin-Williams Company (NYSE:SHW) during the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund purchased 665 shares of the specialty chemicals company’s stock, valued at approximately $231,000.

Several other institutional investors have also recently added to or reduced their stakes in the business. First United Bank & Trust acquired a new position in shares of Sherwin-Williams during the fourth quarter worth approximately $31,000. Tortoise Investment Management LLC raised its position 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 position in shares of Sherwin-Williams during the fourth quarter worth approximately $35,000. Wetzel Investment Advisors Inc. acquired a new position in shares of Sherwin-Williams during the fourth quarter worth approximately $36,000. Finally, Northwest Investment Counselors LLC acquired a new position in shares of Sherwin-Williams during the first quarter worth approximately $47,000. 77.67% of the stock is owned by institutional investors and hedge funds.

Sherwin-Williams Trading Down 0.9 %

Shares of SHW opened at $295.79 on Tuesday. The business has a 50-day moving average of $305.09 and a 200 day moving average of $313.51. The Sherwin-Williams Company has a fifty-two week low of $232.06 and a fifty-two week high of $348.37. The firm has a market cap of $75.00 billion, a P/E ratio of 31.54, a price-to-earnings-growth ratio of 2.40 and a beta of 1.16. The company has a debt-to-equity ratio of 2.32, a quick ratio of 0.46 and a current ratio of 0.78.

Sherwin-Williams (NYSE:SHW) last announced its quarterly earnings data on Tuesday, April 23rd. The specialty chemicals company reported $2.17 earnings per share 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 firm had revenue of $5.37 billion during the quarter, compared to analysts’ expectations of $5.50 billion. During the same period last year, the business posted $2.04 EPS. The company’s revenue was down 1.4% compared to the same quarter last year. As a group, research analysts forecast that The Sherwin-Williams Company will post 11.43 EPS for the current year.

Sherwin-Williams Dividend Announcement

The business also recently announced 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. This represents a $2.86 dividend on an annualized basis and a yield of 0.97%. The ex-dividend date was Thursday, May 16th. Sherwin-Williams’s payout ratio is presently 30.49%.

Analyst Upgrades and Downgrades

A number of equities analysts have recently weighed in on SHW shares. BMO Capital Markets lowered their target price on Sherwin-Williams from $377.00 to $360.00 and set an “outperform” rating on the stock in a research report on Wednesday, June 12th. JPMorgan Chase & Co. dropped their price objective 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. KeyCorp upgraded Sherwin-Williams from a “sector weight” rating to an “overweight” rating and set a $400.00 price objective on the stock in a research note on Thursday, April 25th. Royal Bank of Canada dropped their price objective on Sherwin-Williams from $380.00 to $370.00 and set an “outperform” rating on the stock in a research note on Thursday, April 25th. Finally, StockNews.com cut Sherwin-Williams from a “buy” rating to a “hold” rating in a research note on Thursday, April 25th. One research analyst has rated the stock with a sell rating, seven have issued a hold rating and twelve have assigned a buy rating to the company’s stock. According to data from MarketBeat, Sherwin-Williams has a consensus rating of “Moderate Buy” and a consensus price target of $343.41.

About Sherwin-Williams

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.