The Sherwin-Williams Company (NYSE:SHW) Holdings Decreased by SeaCrest Wealth Management LLC

SeaCrest Wealth Management LLC trimmed its holdings in shares of The Sherwin-Williams Company (NYSE:SHW) by 29.6% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 1,106 shares of the specialty chemicals company’s stock after selling 466 shares during the period. SeaCrest Wealth Management LLC’s holdings in Sherwin-Williams were worth $384,000 as of its most recent filing with the Securities and Exchange Commission.

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

Analysts Set New Price Targets

A number of equities research analysts have recently weighed in on SHW shares. UBS Group raised Sherwin-Williams from a “neutral” rating to a “buy” rating and raised their price target for the stock from $312.00 to $402.00 in a research note on Thursday, March 7th. JPMorgan Chase & Co. decreased 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 report on Wednesday, April 24th. Mizuho cut their price target on shares of Sherwin-Williams from $340.00 to $334.00 and set a “buy” rating on the stock in a report on Wednesday, April 24th. Royal Bank of Canada reduced their price objective on shares of Sherwin-Williams from $380.00 to $370.00 and set an “outperform” rating for the company in a research note on Thursday, April 25th. Finally, Loop Capital lowered their target price on shares of Sherwin-Williams from $395.00 to $380.00 and set a “buy” rating on the stock in a research report on Wednesday, April 24th. 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 MarketBeat.com, Sherwin-Williams has a consensus rating of “Moderate Buy” and a consensus price target of $343.41.

Sherwin-Williams Trading Up 0.8 %

Shares of SHW stock opened at $297.10 on Thursday. The firm has a fifty day moving average of $304.66 and a 200-day moving average of $313.32. The stock has a market cap of $75.33 billion, a price-to-earnings ratio of 31.67, a P/E/G ratio of 2.37 and a beta of 1.16. The Sherwin-Williams Company has a 52-week low of $232.06 and a 52-week high of $348.37. 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 posted its quarterly earnings results on Tuesday, April 23rd. The specialty chemicals company reported $2.17 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.22 by ($0.05). The business had revenue of $5.37 billion during the quarter, compared to analyst estimates of $5.50 billion. Sherwin-Williams had a return on equity of 73.74% and a net margin of 10.52%. The business’s revenue for the quarter was down 1.4% on a year-over-year basis. During the same period last year, the company earned $2.04 EPS. On average, equities research analysts forecast that The Sherwin-Williams Company will post 11.43 earnings per share for the current fiscal year.

Sherwin-Williams Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, June 7th. Shareholders of record on Friday, May 17th were given a $0.715 dividend. This represents a $2.86 dividend on an annualized basis and a yield of 0.96%. The ex-dividend date was Thursday, May 16th. Sherwin-Williams’s dividend payout ratio (DPR) is 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.