C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors Acquires New Shares in The Sherwin-Williams Company (NYSE:SHW)

C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors bought a new position in shares of The Sherwin-Williams Company (NYSE:SHWFree Report) during the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The fund bought 1,246 shares of the specialty chemicals company’s stock, valued at approximately $432,000.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Rehmann Capital Advisory Group increased its stake in Sherwin-Williams by 16.2% during the 1st quarter. Rehmann Capital Advisory Group now owns 1,003 shares of the specialty chemicals company’s stock worth $348,000 after purchasing an additional 140 shares in the last quarter. AA Financial Advisors LLC bought a new stake in shares of Sherwin-Williams in the first quarter valued at about $224,000. GSA Capital Partners LLP acquired a new position in shares of Sherwin-Williams during the first quarter worth about $2,685,000. BI Asset Management Fondsmaeglerselskab A S grew its holdings in shares of Sherwin-Williams by 17.3% during the first quarter. BI Asset Management Fondsmaeglerselskab A S now owns 20,592 shares of the specialty chemicals company’s stock worth $7,152,000 after buying an additional 3,031 shares in the last quarter. Finally, Proficio Capital Partners LLC raised its position in Sherwin-Williams by 20.5% in the 1st quarter. Proficio Capital Partners LLC now owns 1,301 shares of the specialty chemicals company’s stock valued at $452,000 after buying an additional 221 shares during the last quarter. 77.67% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on the stock. Mizuho decreased their price target on shares of Sherwin-Williams from $340.00 to $334.00 and set a “buy” rating for the company in a research note on Wednesday, April 24th. BMO Capital Markets cut their price target 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. 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. Evercore ISI lifted their target price on Sherwin-Williams from $360.00 to $365.00 and gave the company an “outperform” rating in a research report on Tuesday, May 14th. Finally, Loop Capital reduced their price target on Sherwin-Williams from $395.00 to $380.00 and set a “buy” rating for the company in a research report on Wednesday, April 24th. One analyst has rated the stock with a sell rating, seven have assigned a hold rating and twelve have assigned a buy rating to the stock. Based on data from MarketBeat.com, Sherwin-Williams presently has a consensus rating of “Moderate Buy” and a consensus target price of $340.65.

Get Our Latest Analysis on Sherwin-Williams

Sherwin-Williams Stock Performance

Sherwin-Williams stock traded up $6.46 during trading hours on Wednesday, hitting $305.37. The company had a trading volume of 1,146,316 shares, compared to its average volume of 1,574,656. The firm has a 50-day moving average of $304.03 and a 200 day moving average of $312.98. 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 firm has a market cap of $77.43 billion, a PE ratio of 32.04, a PEG ratio of 2.41 and a beta of 1.16. The Sherwin-Williams Company has a one year low of $232.06 and a one year high of $348.37.

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

Sherwin-Williams Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, June 7th. Stockholders of record on Friday, May 17th were given a $0.715 dividend. The ex-dividend date of this dividend was Thursday, May 16th. This represents a $2.86 dividend on an annualized basis and a dividend yield of 0.94%. Sherwin-Williams’s payout ratio is presently 30.49%.

Sherwin-Williams 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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