RDA Financial Network grew its stake in The Sherwin-Williams Company (NYSE:SHW – Get Rating) by 13.1% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,232 shares of the specialty chemicals company’s stock after buying an additional 259 shares during the period. RDA Financial Network’s holdings in Sherwin-Williams were worth $557,000 at the end of the most recent reporting period.
A number of other hedge funds also recently added to or reduced their stakes in SHW. Amplius Wealth Advisors LLC bought a new stake in shares of Sherwin-Williams in the 4th quarter worth approximately $25,000. Concord Wealth Partners grew its position in shares of Sherwin-Williams by 137.5% in the 4th quarter. Concord Wealth Partners now owns 76 shares of the specialty chemicals company’s stock worth $27,000 after buying an additional 44 shares during the period. Rational Advisors LLC grew its position in Sherwin-Williams by 126.5% during the 4th quarter. Rational Advisors LLC now owns 77 shares of the specialty chemicals company’s stock valued at $27,000 after purchasing an additional 43 shares during the last quarter. Arlington Partners LLC purchased a new stake in Sherwin-Williams during the 4th quarter valued at about $35,000. Finally, Consolidated Planning Corp purchased a new stake in shares of Sherwin-Williams during the 3rd quarter valued at about $36,000. 77.35% of the stock is owned by institutional investors and hedge funds.
Shares of NYSE:SHW traded up $0.77 during trading on Wednesday, hitting $220.92. The company’s stock had a trading volume of 24,799 shares, compared to its average volume of 1,505,679. The company has a debt-to-equity ratio of 3.85, a quick ratio of 0.54 and a current ratio of 0.88. The Sherwin-Williams Company has a fifty-two week low of $214.22 and a fifty-two week high of $354.15. The stock’s 50-day moving average price is $260.02 and its two-hundred day moving average price is $279.07. The company has a market capitalization of $57.47 billion, a PE ratio of 32.09, a PEG ratio of 1.78 and a beta of 1.00.
Sherwin-Williams (NYSE:SHW – Get Rating) last released its quarterly earnings results on Tuesday, April 26th. The specialty chemicals company reported $1.61 EPS for the quarter, topping the consensus estimate of $1.54 by $0.07. Sherwin-Williams had a return on equity of 80.22% and a net margin of 9.00%. The business had revenue of $5 billion for the quarter, compared to analysts’ expectations of $4.92 billion. During the same quarter in the previous year, the firm posted $2.06 earnings per share. The company’s revenue was up 7.4% compared to the same quarter last year. On average, equities analysts predict that The Sherwin-Williams Company will post 9.48 earnings per share for the current fiscal year.
The firm also recently declared a quarterly dividend, which was paid on Friday, June 3rd. Investors of record on Friday, May 20th were paid a $0.60 dividend. This represents a $2.40 annualized dividend and a dividend yield of 1.09%. The ex-dividend date was Thursday, May 19th. Sherwin-Williams’s dividend payout ratio (DPR) is 34.99%.
Several brokerages have recently weighed in on SHW. Seaport Res Ptn reiterated a “neutral” rating on shares of Sherwin-Williams in a research note on Wednesday, April 20th. Jefferies Financial Group dropped their price objective on shares of Sherwin-Williams from $320.00 to $275.00 and set a “hold” rating for the company in a research note on Wednesday, March 9th. Bank of America upgraded Sherwin-Williams from a “neutral” rating to a “buy” rating and decreased their target price for the stock from $325.00 to $296.00 in a research report on Tuesday, March 22nd. Wells Fargo & Company reduced their target price on shares of Sherwin-Williams from $315.00 to $275.00 and set an “equal weight” rating for the company in a report on Monday, April 18th. Finally, Royal Bank of Canada upped their target price on Sherwin-Williams from $315.00 to $342.00 in a research report on Thursday, April 28th. One research analyst has rated the stock with a sell rating, eleven have assigned a hold rating and nine have issued a buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $319.79.
In other Sherwin-Williams news, insider Justin T. Binns sold 1,542 shares of the company’s stock in a transaction that occurred on Monday, May 23rd. The stock was sold at an average price of $259.99, for a total transaction of $400,904.58. Following the sale, the insider now owns 6,877 shares in the company, valued at $1,787,951.23. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Insiders own 0.48% of the company’s stock.
About Sherwin-Williams (Get Rating)
The Sherwin-Williams Company develops, manufactures, distributes, and sells paints, coatings, and related products to professional, industrial, commercial, and retail customers. It operates through three segments: The Americas Group, Consumer Brands Group, and Performance Coatings Group. The Americas Group segment offers architectural paints and coatings, and protective and marine products, as well as OEM product finishes and related products for architectural and industrial paint contractors, and do-it-yourself homeowners.
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