Meeder Advisory Services Inc. Raises Holdings in The Sherwin-Williams Company (NYSE:SHW)

Meeder Advisory Services Inc. boosted its stake in The Sherwin-Williams Company (NYSE:SHW) by 4.1% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 3,896 shares of the specialty chemicals company’s stock after purchasing an additional 152 shares during the period. Meeder Advisory Services Inc.’s holdings in Sherwin-Williams were worth $1,353,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Massmutual Trust Co. FSB ADV lifted its stake in shares of Sherwin-Williams by 5.6% in the 4th quarter. Massmutual Trust Co. FSB ADV now owns 1,430 shares of the specialty chemicals company’s stock valued at $446,000 after purchasing an additional 76 shares during the period. Diversified Trust Co lifted its position in Sherwin-Williams by 1.1% during the fourth quarter. Diversified Trust Co now owns 4,642 shares of the specialty chemicals company’s stock valued at $1,448,000 after buying an additional 49 shares during the period. First Hawaiian Bank boosted its stake in Sherwin-Williams by 0.5% during the fourth quarter. First Hawaiian Bank now owns 7,559 shares of the specialty chemicals company’s stock worth $2,358,000 after acquiring an additional 34 shares in the last quarter. Wedmont Private Capital boosted its position in shares of Sherwin-Williams by 13.9% in the 4th quarter. Wedmont Private Capital now owns 2,215 shares of the specialty chemicals company’s stock worth $663,000 after purchasing an additional 271 shares in the last quarter. Finally, IFP Advisors Inc lifted its stake in shares of Sherwin-Williams by 28.6% in the fourth quarter. IFP Advisors Inc now owns 11,163 shares of the specialty chemicals company’s stock worth $3,482,000 after buying an additional 2,484 shares in the last quarter. Institutional investors own 77.67% of the company’s stock.

Sherwin-Williams Trading Up 1.6 %

Shares of NYSE SHW traded up $5.10 during midday trading on Tuesday, hitting $323.57. The company’s stock had a trading volume of 150,703 shares, compared to its average volume of 1,567,304. The Sherwin-Williams Company has a 12-month low of $232.06 and a 12-month high of $348.37. 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 firm has a market cap of $82.04 billion, a P/E ratio of 33.95, a price-to-earnings-growth ratio of 2.66 and a beta of 1.16. The business’s 50 day moving average is $304.48 and its two-hundred day moving average is $313.02.

Sherwin-Williams (NYSE:SHW) last released 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 business had revenue of $5.37 billion during the quarter, compared to analysts’ expectations of $5.50 billion. Sherwin-Williams had a return on equity of 73.74% and a net margin of 10.52%. The business’s revenue for the quarter was down 1.4% on a year-over-year basis. During the same quarter in the previous year, the business earned $2.04 EPS. As a group, equities research analysts expect that The Sherwin-Williams Company will post 11.42 EPS for the current year.

Sherwin-Williams Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, June 7th. Investors 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 yield of 0.88%. Sherwin-Williams’s payout ratio is 30.49%.

Analysts Set New Price Targets

Several research analysts have recently weighed in on the company. KeyCorp upgraded Sherwin-Williams from a “sector weight” rating to an “overweight” rating and set a $400.00 price target for the company in a research note on Thursday, April 25th. Evercore ISI lifted their price target on shares of Sherwin-Williams from $360.00 to $365.00 and gave the stock an “outperform” rating in a research note on Tuesday, May 14th. Mizuho dropped their target price on shares of Sherwin-Williams from $340.00 to $334.00 and set a “buy” rating on the stock in a report on Wednesday, April 24th. Loop Capital lowered their price target on Sherwin-Williams from $395.00 to $380.00 and set a “buy” rating on the stock in a report on Wednesday, April 24th. Finally, Royal Bank of Canada reduced their price objective on Sherwin-Williams from $380.00 to $370.00 and set an “outperform” rating for the company in a research report on Thursday, April 25th. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating and twelve have assigned a buy rating to the company. According to MarketBeat.com, Sherwin-Williams currently has an average rating of “Moderate Buy” and a consensus price target of $340.65.

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.