The Sherwin-Williams Company $SHW Shares Acquired by Aviso Financial Inc.

Aviso Financial Inc. raised its stake in shares of The Sherwin-Williams Company (NYSE:SHW) by 2.2% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 3,301 shares of the specialty chemicals company’s stock after acquiring an additional 72 shares during the period. Aviso Financial Inc.’s holdings in Sherwin-Williams were worth $1,153,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in the stock. Park Square Financial Group LLC purchased a new position in shares of Sherwin-Williams in the fourth quarter valued at approximately $27,000. Perkins Coie Trust Co purchased a new position in Sherwin-Williams in the first quarter worth approximately $27,000. Synergy Investment Management LLC lifted its stake in Sherwin-Williams by 583.3% in the first quarter. Synergy Investment Management LLC now owns 82 shares of the specialty chemicals company’s stock worth $29,000 after acquiring an additional 70 shares during the last quarter. Barnes Dennig Private Wealth Management LLC purchased a new position in Sherwin-Williams in the first quarter worth approximately $30,000. Finally, HWG Holdings LP purchased a new position in Sherwin-Williams in the first quarter worth approximately $46,000. 77.67% of the stock is currently owned by institutional investors and hedge funds.

Sherwin-Williams Stock Performance

Shares of Sherwin-Williams stock opened at $359.04 on Tuesday. The firm’s fifty day simple moving average is $346.02 and its 200-day simple moving average is $347.79. The stock has a market capitalization of $89.52 billion, a price-to-earnings ratio of 35.62, a PEG ratio of 3.44 and a beta of 1.16. The Sherwin-Williams Company has a 12 month low of $308.84 and a 12 month high of $400.42. The company has a debt-to-equity ratio of 1.78, a current ratio of 0.78 and a quick ratio of 0.48.

Sherwin-Williams (NYSE:SHW) last announced its quarterly earnings data on Tuesday, July 22nd. The specialty chemicals company reported $3.38 earnings per share (EPS) for the quarter, missing the consensus estimate of $3.76 by ($0.38). The firm had revenue of $6.31 billion during the quarter, compared to analyst estimates of $6.31 billion. Sherwin-Williams had a net margin of 11.03% and a return on equity of 66.91%. The business’s quarterly revenue was up .6% compared to the same quarter last year. During the same period in the prior year, the firm posted $3.70 earnings per share. As a group, equities analysts forecast that The Sherwin-Williams Company will post 12 earnings per share for the current year.

Sherwin-Williams Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, September 5th. Shareholders of record on Friday, August 15th will be paid a $0.79 dividend. This represents a $3.16 annualized dividend and a yield of 0.9%. The ex-dividend date of this dividend is Friday, August 15th. Sherwin-Williams’s payout ratio is currently 31.35%.

Wall Street Analysts Forecast Growth

SHW has been the subject of a number of recent research reports. Morgan Stanley decreased their price target on shares of Sherwin-Williams from $405.00 to $385.00 and set an “overweight” rating for the company in a research note on Tuesday, April 22nd. Bank of America upgraded shares of Sherwin-Williams from an “underperform” rating to a “neutral” rating and lifted their price target for the stock from $296.00 to $375.00 in a research note on Thursday, August 14th. Mizuho decreased their price target on shares of Sherwin-Williams from $400.00 to $385.00 and set an “outperform” rating for the company in a research note on Wednesday, July 23rd. Citigroup cut their price objective on shares of Sherwin-Williams from $385.00 to $375.00 and set a “neutral” rating on the stock in a report on Wednesday, July 23rd. Finally, Royal Bank Of Canada raised their price objective on shares of Sherwin-Williams from $410.00 to $420.00 and gave the stock an “outperform” rating in a report on Thursday, May 1st. Seven equities research analysts have rated the stock with a hold rating, ten have given a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $388.60.

Insider Transactions at Sherwin-Williams

In other Sherwin-Williams news, CAO James P. Lang sold 860 shares of the business’s stock in a transaction on Wednesday, August 6th. The shares were sold at an average price of $350.35, for a total value of $301,301.00. Following the transaction, the chief accounting officer directly owned 377 shares of the company’s stock, valued at approximately $132,081.95. The trade was a 69.52% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Corporate insiders own 0.60% of the company’s stock.

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.