Cetera Advisors LLC Purchases 494 Shares of The Sherwin-Williams Company (NYSE:SHW)

Cetera Advisors LLC grew its position in shares of The Sherwin-Williams Company (NYSE:SHWGet Rating) by 7.7% in the second quarter, Holdings Channel reports. The fund owned 6,918 shares of the specialty chemicals company’s stock after buying an additional 494 shares during the quarter. Cetera Advisors LLC’s holdings in Sherwin-Williams were worth $1,549,000 at the end of the most recent reporting period.

A number of other institutional investors also recently bought and sold shares of SHW. Parnassus Investments LLC bought a new stake in Sherwin-Williams in the first quarter worth $549,574,000. Clearbridge Investments LLC lifted its position in Sherwin-Williams by 655.3% in the second quarter. Clearbridge Investments LLC now owns 2,143,815 shares of the specialty chemicals company’s stock worth $480,022,000 after buying an additional 1,859,981 shares during the last quarter. Capital International Investors lifted its position in Sherwin-Williams by 42.2% in the first quarter. Capital International Investors now owns 4,798,484 shares of the specialty chemicals company’s stock worth $1,197,906,000 after buying an additional 1,422,893 shares during the last quarter. Sustainable Growth Advisers LP bought a new stake in Sherwin-Williams in the first quarter worth $277,399,000. Finally, Massachusetts Financial Services Co. MA lifted its position in Sherwin-Williams by 6.2% in the first quarter. Massachusetts Financial Services Co. MA now owns 8,651,975 shares of the specialty chemicals company’s stock worth $2,159,706,000 after buying an additional 502,212 shares during the last quarter. 77.48% of the stock is currently owned by institutional investors.

Sherwin-Williams Price Performance

Shares of NYSE SHW opened at $250.00 on Thursday. The company has a debt-to-equity ratio of 3.69, a quick ratio of 0.59 and a current ratio of 1.00. The company has a market cap of $64.79 billion, a PE ratio of 33.83, a P/E/G ratio of 2.18 and a beta of 1.06. The business has a 50-day simple moving average of $218.83 and a two-hundred day simple moving average of $236.76. The Sherwin-Williams Company has a fifty-two week low of $195.24 and a fifty-two week high of $354.15.

Sherwin-Williams (NYSE:SHWGet Rating) last issued its quarterly earnings results on Tuesday, October 25th. The specialty chemicals company reported $2.83 earnings per share for the quarter, topping the consensus estimate of $2.63 by $0.20. Sherwin-Williams had a return on equity of 90.50% and a net margin of 8.94%. The business had revenue of $6.05 billion during the quarter, compared to the consensus estimate of $5.78 billion. During the same quarter last year, the company earned $2.09 earnings per share. The company’s quarterly revenue was up 17.5% on a year-over-year basis. As a group, equities analysts expect that The Sherwin-Williams Company will post 8.71 EPS for the current fiscal year.

Sherwin-Williams Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, December 2nd. Investors of record on Friday, November 18th will be issued a dividend of $0.60 per share. This represents a $2.40 dividend on an annualized basis and a dividend yield of 0.96%. The ex-dividend date is Thursday, November 17th. Sherwin-Williams’s dividend payout ratio (DPR) is 32.48%.

Analyst Upgrades and Downgrades

A number of analysts have weighed in on the company. Deutsche Bank Aktiengesellschaft reduced their target price on Sherwin-Williams from $275.00 to $265.00 and set a “buy” rating on the stock in a research note on Wednesday, October 26th. Citigroup reduced their target price on Sherwin-Williams from $248.00 to $215.00 in a research note on Tuesday, October 4th. StockNews.com upgraded Sherwin-Williams from a “hold” rating to a “buy” rating in a research note on Wednesday, October 26th. The Goldman Sachs Group started coverage on Sherwin-Williams in a research note on Thursday, October 13th. They issued a “buy” rating and a $280.00 target price on the stock. Finally, Barclays raised their price target on Sherwin-Williams from $235.00 to $245.00 and gave the company an “equal weight” rating in a research note on Friday, October 28th. One investment analyst has rated the stock with a sell rating, six have given a hold rating and eleven have issued a buy rating to the company’s stock. Based on data from MarketBeat, Sherwin-Williams currently has a consensus rating of “Moderate Buy” and a consensus price target of $275.22.

Sherwin-Williams Profile

(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.

See Also

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Institutional Ownership by Quarter for Sherwin-Williams (NYSE:SHW)

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