Register Financial Advisors LLC Invests $120,000 in The Sherwin-Williams Company (NYSE:SHW)

Register Financial Advisors LLC bought a new stake in shares of The Sherwin-Williams Company (NYSE:SHW) during the 1st quarter, according to its most recent filing with the SEC. The fund bought 346 shares of the specialty chemicals company’s stock, valued at approximately $120,000.

Several other institutional investors have also made changes to their positions in the business. Fifth Third Wealth Advisors LLC boosted its position in shares of Sherwin-Williams by 6.3% during the 1st quarter. Fifth Third Wealth Advisors LLC now owns 1,210 shares of the specialty chemicals company’s stock valued at $420,000 after acquiring an additional 72 shares in the last quarter. Procyon Advisors LLC boosted its position in shares of Sherwin-Williams by 4.4% during the 1st quarter. Procyon Advisors LLC now owns 3,007 shares of the specialty chemicals company’s stock valued at $1,044,000 after acquiring an additional 128 shares in the last quarter. Wealthcare Advisory Partners LLC acquired a new stake in shares of Sherwin-Williams during the 1st quarter valued at about $231,000. SMI Advisory Services LLC acquired a new stake in shares of Sherwin-Williams during the 1st quarter valued at about $4,106,000. Finally, GoalVest Advisory LLC acquired a new stake in shares of Sherwin-Williams during the 1st quarter valued at about $990,000. 77.67% of the stock is currently owned by institutional investors and hedge funds.

Sherwin-Williams Trading Up 0.5 %

Shares of SHW traded up $1.45 on Friday, reaching $298.45. 2,175,804 shares of the company’s stock were exchanged, compared to its average volume of 1,580,376. The company has a current ratio of 0.78, a quick ratio of 0.46 and a debt-to-equity ratio of 2.32. The stock has a market capitalization of $75.67 billion, a P/E ratio of 31.82, a price-to-earnings-growth ratio of 2.39 and a beta of 1.17. The business has a 50 day moving average price of $305.09 and a two-hundred day moving average price of $313.31. 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 quarterly 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 business 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 company’s quarterly revenue was down 1.4% on a year-over-year basis. During the same period last year, the firm earned $2.04 earnings per share. Research analysts anticipate that The Sherwin-Williams Company will post 11.43 earnings per share for the current year.

Sherwin-Williams Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, June 7th. Investors of record on Friday, May 17th were paid a dividend of $0.715 per share. This represents a $2.86 dividend on an annualized basis and a dividend yield of 0.96%. The ex-dividend date of this dividend was Thursday, May 16th. Sherwin-Williams’s dividend payout ratio (DPR) is 30.49%.

Analyst Upgrades and Downgrades

SHW has been the topic of several recent research reports. Citigroup decreased their target price on shares of Sherwin-Williams from $390.00 to $370.00 and set a “buy” rating on the stock in a research report on Thursday, April 25th. UBS Group upgraded shares of Sherwin-Williams from a “neutral” rating to a “buy” rating and boosted their price target for the company from $312.00 to $402.00 in a research report on Thursday, March 7th. Royal Bank of Canada reduced their price target on shares of Sherwin-Williams from $380.00 to $370.00 and set an “outperform” rating on the stock in a research report on Thursday, April 25th. Wolfe Research assumed coverage on shares of Sherwin-Williams in a research report on Friday, March 1st. They issued a “peer perform” rating on the stock. Finally, Mizuho reduced their price target on shares of Sherwin-Williams from $340.00 to $334.00 and set a “buy” rating on the stock in a research report on Wednesday, April 24th. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating and twelve have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $343.41.

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.