The Sherwin-Williams Company (NYSE:SHW) Shares Bought by Opal Wealth Advisors LLC

Opal Wealth Advisors LLC boosted its position in shares of The Sherwin-Williams Company (NYSE:SHW) by 4.2% in the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 791 shares of the specialty chemicals company’s stock after acquiring an additional 32 shares during the period. Opal Wealth Advisors LLC’s holdings in Sherwin-Williams were worth $276,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in SHW. Brighton Jones LLC grew its holdings in Sherwin-Williams by 73.6% during the 4th quarter. Brighton Jones LLC now owns 1,545 shares of the specialty chemicals company’s stock worth $525,000 after acquiring an additional 655 shares in the last quarter. Kingsview Wealth Management LLC lifted its position in shares of Sherwin-Williams by 11.1% during the 4th quarter. Kingsview Wealth Management LLC now owns 1,067 shares of the specialty chemicals company’s stock worth $363,000 after buying an additional 107 shares during the last quarter. Empowered Funds LLC lifted its position in shares of Sherwin-Williams by 7.1% during the 4th quarter. Empowered Funds LLC now owns 5,610 shares of the specialty chemicals company’s stock worth $1,907,000 after buying an additional 371 shares during the last quarter. Avestar Capital LLC raised its position in Sherwin-Williams by 22.4% in the 4th quarter. Avestar Capital LLC now owns 2,139 shares of the specialty chemicals company’s stock valued at $727,000 after purchasing an additional 392 shares during the last quarter. Finally, Asset Management One Co. Ltd. raised its position in Sherwin-Williams by 77.7% in the 4th quarter. Asset Management One Co. Ltd. now owns 203,682 shares of the specialty chemicals company’s stock valued at $69,922,000 after purchasing an additional 89,080 shares during the last quarter. Institutional investors and hedge funds own 77.67% of the company’s stock.

Sherwin-Williams Stock Down 5.7%

Shares of NYSE SHW opened at $335.93 on Friday. The company has a debt-to-equity ratio of 2.02, a current ratio of 0.79 and a quick ratio of 0.46. The firm’s 50-day moving average is $348.16 and its two-hundred day moving average is $351.93. The company has a market capitalization of $84.18 billion, a PE ratio of 31.84, a price-to-earnings-growth ratio of 2.98 and a beta of 1.21. The Sherwin-Williams Company has a 12-month low of $292.27 and a 12-month high of $400.42.

Sherwin-Williams (NYSE:SHW) last released its quarterly earnings results on Tuesday, April 29th. The specialty chemicals company reported $2.25 earnings per share for the quarter, topping the consensus estimate of $2.23 by $0.02. The company had revenue of $5.31 billion during the quarter, compared to the consensus estimate of $5.42 billion. Sherwin-Williams had a return on equity of 74.50% and a net margin of 11.61%. Sherwin-Williams’s revenue was down 1.1% compared to the same quarter last year. During the same quarter last year, the business posted $2.17 earnings per share. Equities analysts anticipate that The Sherwin-Williams Company will post 12 EPS for the current fiscal year.

Sherwin-Williams Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, June 6th. Investors of record on Friday, May 16th were paid a dividend of $0.79 per share. This represents a $3.16 annualized dividend and a dividend yield of 0.94%. The ex-dividend date of this dividend was Friday, May 16th. Sherwin-Williams’s payout ratio is 29.87%.

Wall Street Analyst Weigh In

Several analysts recently commented on SHW shares. Wells Fargo & Company upgraded shares of Sherwin-Williams from an “equal weight” rating to an “overweight” rating and upped their price target for the company from $350.00 to $420.00 in a research report on Wednesday, April 30th. Barclays dropped their price objective on shares of Sherwin-Williams from $385.00 to $355.00 and set an “equal weight” rating on the stock in a research note on Tuesday, April 1st. UBS Group dropped their price objective on shares of Sherwin-Williams from $430.00 to $400.00 and set a “buy” rating on the stock in a research note on Monday, April 7th. Royal Bank of Canada boosted their price objective on shares of Sherwin-Williams from $410.00 to $420.00 and gave the company an “outperform” rating in a research note on Thursday, May 1st. Finally, Morgan Stanley decreased their price objective on shares of Sherwin-Williams from $405.00 to $385.00 and set an “overweight” rating on the stock in a report on Tuesday, April 22nd. Six equities research analysts have rated the stock with a hold rating, ten have assigned a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $397.67.

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.