644 Shares in The Sherwin-Williams Company (NYSE:SHW) Acquired by AA Financial Advisors LLC

AA Financial Advisors LLC purchased a new stake in The Sherwin-Williams Company (NYSE:SHW) during the first quarter, according to the company in its most recent filing with the SEC. The firm purchased 644 shares of the specialty chemicals company’s stock, valued at approximately $224,000.

A number of other hedge funds also recently made changes to their positions in the stock. AEGON ASSET MANAGEMENT UK Plc purchased a new position in shares of Sherwin-Williams in the 4th quarter valued at $38,444,000. AIA Group Ltd boosted its holdings in shares of Sherwin-Williams by 20.8% in the 4th quarter. AIA Group Ltd now owns 16,312 shares of the specialty chemicals company’s stock valued at $5,088,000 after buying an additional 2,810 shares during the period. Simplicity Solutions LLC boosted its holdings in shares of Sherwin-Williams by 182.2% in the 4th quarter. Simplicity Solutions LLC now owns 10,700 shares of the specialty chemicals company’s stock valued at $3,337,000 after buying an additional 6,909 shares during the period. Mitsubishi UFJ Asset Management Co. Ltd. boosted its holdings in shares of Sherwin-Williams by 5.7% in the 4th quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 261,178 shares of the specialty chemicals company’s stock valued at $77,510,000 after buying an additional 13,984 shares during the period. Finally, Waterloo Capital L.P. acquired a new position in Sherwin-Williams during the 4th quarter valued at about $360,000. Institutional investors and hedge funds own 77.67% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts recently commented on SHW shares. Robert W. Baird raised their price objective on shares of Sherwin-Williams from $300.00 to $310.00 and gave the company a “neutral” rating in a research note on Wednesday, April 24th. Loop Capital decreased 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. BMO Capital Markets decreased their price target on Sherwin-Williams from $377.00 to $360.00 and set an “outperform” rating for the company in a research report on Wednesday, June 12th. KeyCorp upgraded Sherwin-Williams from a “sector weight” rating to an “overweight” rating and set a $400.00 price objective for the company in a research report on Thursday, April 25th. Finally, UBS Group decreased their price objective on Sherwin-Williams from $385.00 to $355.00 and set a “buy” rating for the company in a research report on Tuesday. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating and twelve have issued a buy rating to the company. Based on data from MarketBeat.com, Sherwin-Williams has an average rating of “Moderate Buy” and an average target price of $340.65.

Sherwin-Williams Price Performance

NYSE:SHW traded up $2.22 during mid-day trading on Wednesday, reaching $301.13. The stock had a trading volume of 274,023 shares, compared to its average volume of 1,567,997. The stock has a 50-day simple moving average of $304.03 and a two-hundred day simple moving average of $312.98. The stock has a market capitalization of $76.35 billion, a PE ratio of 32.04, a P/E/G ratio of 2.41 and a beta of 1.16. 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 Sherwin-Williams Company has a 12 month low of $232.06 and a 12 month high of $348.37.

Sherwin-Williams (NYSE:SHW) last posted 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 company 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%. The business’s quarterly revenue was down 1.4% compared to the same quarter last year. During the same period in the previous year, the firm posted $2.04 EPS. On average, equities analysts anticipate that The Sherwin-Williams Company will post 11.43 earnings per share for the current year.

Sherwin-Williams Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, June 7th. Stockholders of record on Friday, May 17th were given a dividend of $0.715 per share. 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 0.95%. Sherwin-Williams’s dividend payout ratio (DPR) is presently 30.49%.

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.