Silver Oak Securities Incorporated Raises Holdings in The Sherwin-Williams Company (NYSE:SHW)

Silver Oak Securities Incorporated lifted its stake in The Sherwin-Williams Company (NYSE:SHW) by 23.6% in the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 3,185 shares of the specialty chemicals company’s stock after purchasing an additional 609 shares during the quarter. Silver Oak Securities Incorporated’s holdings in Sherwin-Williams were worth $1,082,000 as of its most recent SEC filing.

Other institutional investors also recently bought and sold shares of the company. Trivant Custom Portfolio Group LLC raised its holdings in shares of Sherwin-Williams by 59.5% in the first quarter. Trivant Custom Portfolio Group LLC now owns 4,305 shares of the specialty chemicals company’s stock worth $1,503,000 after buying an additional 1,606 shares during the last quarter. Global X Japan Co. Ltd. increased its position in shares of Sherwin-Williams by 16.8% in the 1st quarter. Global X Japan Co. Ltd. now owns 1,681 shares of the specialty chemicals company’s stock valued at $587,000 after acquiring an additional 242 shares during the period. State of Alaska Department of Revenue raised its stake in Sherwin-Williams by 2.7% in the 1st quarter. State of Alaska Department of Revenue now owns 27,139 shares of the specialty chemicals company’s stock worth $9,476,000 after acquiring an additional 720 shares during the last quarter. CWA Asset Management Group LLC raised its stake in Sherwin-Williams by 1.9% in the 1st quarter. CWA Asset Management Group LLC now owns 5,131 shares of the specialty chemicals company’s stock worth $1,792,000 after acquiring an additional 98 shares during the last quarter. Finally, Kingswood Wealth Advisors LLC lifted its position in Sherwin-Williams by 25.0% during the 1st quarter. Kingswood Wealth Advisors LLC now owns 1,006 shares of the specialty chemicals company’s stock worth $352,000 after acquiring an additional 201 shares during the period. 77.67% of the stock is currently owned by institutional investors and hedge funds.

Sherwin-Williams Trading Up 0.0%

SHW stock opened at $331.08 on Thursday. The Sherwin-Williams Company has a 52-week low of $292.27 and a 52-week high of $400.42. The company has a quick ratio of 0.45, a current ratio of 0.77 and a debt-to-equity ratio of 1.90. The firm has a market cap of $82.97 billion, a P/E ratio of 31.29, a PEG ratio of 3.00 and a beta of 1.21. The company’s 50-day simple moving average is $348.37 and its 200-day simple moving average is $350.63.

Sherwin-Williams (NYSE:SHW) last issued its quarterly earnings results on Tuesday, April 29th. The specialty chemicals company reported $2.25 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.23 by $0.02. Sherwin-Williams had a return on equity of 71.86% and a net margin of 11.63%. The company had revenue of $5.31 billion for the quarter, compared to the consensus estimate of $5.42 billion. During the same quarter in the prior year, the business posted $2.17 earnings per share. Sherwin-Williams’s revenue for the quarter was down 1.1% on a year-over-year basis. As a group, equities analysts forecast that The Sherwin-Williams Company will post 12 EPS for the current fiscal year.

Sherwin-Williams Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, June 6th. Stockholders of record on Friday, May 16th were paid a $0.79 dividend. This represents a $3.16 dividend on an annualized basis and a dividend yield of 0.95%. The ex-dividend date of this dividend was Friday, May 16th. Sherwin-Williams’s dividend payout ratio is presently 29.87%.

Analyst Ratings Changes

A number of brokerages have recently weighed in on SHW. Mizuho set a $395.00 price objective on Sherwin-Williams in a report on Tuesday, April 15th. Citigroup lowered Sherwin-Williams from a “buy” rating to a “neutral” rating and dropped their target price for the company from $405.00 to $385.00 in a research report on Friday, June 13th. Wells Fargo & Company raised shares of Sherwin-Williams from an “equal weight” rating to an “overweight” rating and raised their price target for the stock from $350.00 to $420.00 in a research report on Wednesday, April 30th. Morgan Stanley decreased their price objective on shares of Sherwin-Williams from $405.00 to $385.00 and set an “overweight” rating for the company in a research note on Tuesday, April 22nd. Finally, Barclays cut their price objective on shares of Sherwin-Williams from $385.00 to $355.00 and set an “equal weight” rating on the stock in a research note on Tuesday, April 1st. Six investment analysts have rated the stock with a hold rating, ten have issued a buy rating and two have given a strong buy rating to the company’s stock. Based on data from MarketBeat, Sherwin-Williams presently has a consensus rating of “Moderate Buy” and a consensus target price of $397.67.

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.