The Sherwin-Williams Company (NYSE:SHW) Shares Acquired by SeaCrest Wealth Management LLC

SeaCrest Wealth Management LLC boosted its holdings in The Sherwin-Williams Company (NYSE:SHW) by 9.1% in the second quarter, according to its most recent Form 13F filing with the SEC. The fund owned 1,207 shares of the specialty chemicals company’s stock after purchasing an additional 101 shares during the period. SeaCrest Wealth Management LLC’s holdings in Sherwin-Williams were worth $360,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of the stock. SVB Wealth LLC boosted its stake in Sherwin-Williams by 23.4% in the fourth quarter. SVB Wealth LLC now owns 1,770 shares of the specialty chemicals company’s stock valued at $552,000 after acquiring an additional 336 shares during the period. Fidelis Capital Partners LLC acquired a new position in Sherwin-Williams during the 4th quarter valued at approximately $265,000. Wetzel Investment Advisors Inc. acquired a new stake in Sherwin-Williams in the fourth quarter worth $36,000. J.W. Cole Advisors Inc. bought a new stake in Sherwin-Williams in the fourth quarter valued at $235,000. Finally, abrdn plc boosted its holdings in shares of Sherwin-Williams by 55.6% during the fourth quarter. abrdn plc now owns 119,462 shares of the specialty chemicals company’s stock valued at $37,260,000 after acquiring an additional 42,680 shares during the period. Institutional investors own 77.67% of the company’s stock.

Sherwin-Williams Stock Up 0.8 %

Sherwin-Williams stock traded up $2.73 during trading hours on Wednesday, hitting $358.07. The company had a trading volume of 291,474 shares, compared to its average volume of 1,621,531. The Sherwin-Williams Company has a fifty-two week low of $232.06 and a fifty-two week high of $358.88. The company has a debt-to-equity ratio of 2.17, a current ratio of 0.81 and a quick ratio of 0.50. The firm has a market capitalization of $90.79 billion, a P/E ratio of 37.88, a price-to-earnings-growth ratio of 2.77 and a beta of 1.16. The firm’s fifty day moving average is $322.96 and its 200-day moving average is $320.31.

Sherwin-Williams (NYSE:SHW) last posted its earnings results on Tuesday, July 23rd. The specialty chemicals company reported $3.70 EPS for the quarter, topping the consensus estimate of $3.51 by $0.19. The company had revenue of $6.27 billion during the quarter, compared to the consensus estimate of $6.33 billion. Sherwin-Williams had a net margin of 10.92% and a return on equity of 75.58%. The company’s revenue for the quarter was up .5% compared to the same quarter last year. During the same period in the previous year, the firm posted $3.29 earnings per share. On average, research analysts forecast that The Sherwin-Williams Company will post 11.44 earnings per share for the current year.

Sherwin-Williams Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, September 6th. Shareholders of record on Friday, August 16th will be given a $0.715 dividend. The ex-dividend date is Friday, August 16th. This represents a $2.86 annualized dividend and a yield of 0.80%. Sherwin-Williams’s dividend payout ratio is 30.49%.

Wall Street Analysts Forecast Growth

SHW has been the topic of a number of recent analyst reports. StockNews.com cut Sherwin-Williams from a “buy” rating to a “hold” rating in a report on Thursday, April 25th. Citigroup decreased their price target on Sherwin-Williams from $390.00 to $370.00 and set a “buy” rating for the company in a research note on Thursday, April 25th. BMO Capital Markets increased their target price on shares of Sherwin-Williams from $360.00 to $386.00 and gave the company an “outperform” rating in a research report on Wednesday, July 24th. Wells Fargo & Company upped their price target on shares of Sherwin-Williams from $320.00 to $350.00 and gave the stock an “equal weight” rating in a research note on Wednesday, July 24th. Finally, Royal Bank of Canada raised their price objective on shares of Sherwin-Williams from $370.00 to $418.00 and gave the company an “outperform” rating in a research note on Wednesday, July 24th. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating, thirteen have issued a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $355.00.

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.