LRI Investments LLC Takes $399,000 Position in The Sherwin-Williams Company (NYSE:SHW)

LRI Investments LLC purchased a new stake in shares of The Sherwin-Williams Company (NYSE:SHW) during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor purchased 1,262 shares of the specialty chemicals company’s stock, valued at approximately $399,000.

Other institutional investors have also recently made changes to their positions in the company. AIA Group Ltd grew its holdings in shares of Sherwin-Williams by 20.8% during the fourth 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 last quarter. Simplicity Solutions LLC boosted its holdings in Sherwin-Williams by 182.2% in the fourth quarter. Simplicity Solutions LLC now owns 10,700 shares of the specialty chemicals company’s stock worth $3,337,000 after purchasing an additional 6,909 shares during the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. boosted its holdings in Sherwin-Williams by 5.7% in the fourth quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 261,178 shares of the specialty chemicals company’s stock worth $77,510,000 after purchasing an additional 13,984 shares during the last quarter. Waterloo Capital L.P. purchased a new stake in Sherwin-Williams in the fourth quarter worth approximately $360,000. Finally, Trust Point Inc. purchased a new stake in Sherwin-Williams in the fourth quarter worth approximately $403,000. Hedge funds and other institutional investors own 77.67% of the company’s stock.

Analysts Set New Price Targets

SHW has been the topic of several research reports. The Goldman Sachs Group raised their target price on shares of Sherwin-Williams from $344.00 to $390.00 and gave the stock a “buy” rating in a report on Wednesday. StockNews.com cut shares of Sherwin-Williams from a “buy” rating to a “hold” rating in a report on Thursday, April 25th. JPMorgan Chase & Co. dropped their target price on shares of Sherwin-Williams from $317.00 to $315.00 and set an “overweight” rating on the stock in a report on Wednesday, April 24th. Royal Bank of Canada boosted their price objective on shares of Sherwin-Williams from $370.00 to $418.00 and gave the company an “outperform” rating in a research report on Wednesday. Finally, Redburn Atlantic raised shares of Sherwin-Williams to a “strong-buy” rating in a research report on Thursday, July 18th. One analyst has rated the stock with a sell rating, seven have issued a hold rating, thirteen have issued a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, Sherwin-Williams presently has a consensus rating of “Moderate Buy” and a consensus price target of $355.00.

Sherwin-Williams Price Performance

Shares of NYSE SHW traded up $6.48 during mid-day trading on Friday, hitting $349.22. 1,929,018 shares of the company’s stock traded hands, compared to its average volume of 1,811,514. The company’s 50-day moving average is $307.26 and its two-hundred day moving average is $314.86. The company has a debt-to-equity ratio of 2.17, a current ratio of 0.81 and a quick ratio of 0.46. The company has a market capitalization of $88.09 billion, a P/E ratio of 37.23, a PEG ratio of 2.70 and a beta of 1.16. The Sherwin-Williams Company has a 1 year low of $232.06 and a 1 year high of $351.99.

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

Sherwin-Williams Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, September 6th. Stockholders of record on Friday, August 16th will be given a dividend of $0.715 per share. This represents a $2.86 annualized dividend and a dividend yield of 0.82%. The ex-dividend date of this dividend is Friday, August 16th. Sherwin-Williams’s dividend payout ratio is 30.49%.

Sherwin-Williams 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.