Catalytic Wealth RIA LLC Decreases Holdings in The Sherwin-Williams Company (NYSE:SHW)

Catalytic Wealth RIA LLC trimmed its holdings in shares of The Sherwin-Williams Company (NYSE:SHW) by 8.2% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 1,789 shares of the specialty chemicals company’s stock after selling 160 shares during the period. Catalytic Wealth RIA LLC’s holdings in Sherwin-Williams were worth $621,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also recently added to or reduced their stakes in the business. First United Bank & Trust acquired a new position in Sherwin-Williams in the 4th quarter worth $31,000. Tortoise Investment Management LLC raised its stake in Sherwin-Williams by 158.5% during the fourth quarter. Tortoise Investment Management LLC now owns 106 shares of the specialty chemicals company’s stock worth $33,000 after acquiring an additional 65 shares during the period. McGlone Suttner Wealth Management Inc. acquired a new stake in Sherwin-Williams during the fourth quarter worth about $35,000. Wetzel Investment Advisors Inc. bought a new position in Sherwin-Williams in the 4th quarter worth about $36,000. Finally, Northwest Investment Counselors LLC bought a new position in Sherwin-Williams in the 1st quarter worth about $47,000. 77.67% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several research analysts have commented on the stock. Royal Bank of Canada decreased their target price on shares of Sherwin-Williams from $380.00 to $370.00 and set an “outperform” rating for the company in a research report on Thursday, April 25th. Citigroup decreased their price objective on shares of Sherwin-Williams from $390.00 to $370.00 and set a “buy” rating for the company in a report on Thursday, April 25th. KeyCorp upgraded shares of Sherwin-Williams from a “sector weight” rating to an “overweight” rating and set a $400.00 price objective for the company in a report on Thursday, April 25th. Loop Capital decreased their price objective on shares of Sherwin-Williams from $395.00 to $380.00 and set a “buy” rating for the company in a report on Wednesday, April 24th. Finally, Mizuho decreased their price objective on shares of Sherwin-Williams from $340.00 to $334.00 and set a “buy” rating for the company in a report on Wednesday, April 24th. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating and twelve have given a buy rating to the company’s stock. According to data from MarketBeat.com, Sherwin-Williams currently has an average rating of “Moderate Buy” and a consensus price target of $340.65.

Sherwin-Williams Stock Up 0.2 %

Shares of NYSE SHW traded up $0.50 during mid-day trading on Monday, reaching $322.35. 2,263,258 shares of the company traded hands, compared to its average volume of 1,592,814. The company has a debt-to-equity ratio of 2.32, a quick ratio of 0.46 and a current ratio of 0.78. The stock has a market cap of $81.73 billion, a PE ratio of 34.37, a price-to-earnings-growth ratio of 2.69 and a beta of 1.16. The company’s fifty day moving average is $304.89 and its two-hundred day moving average is $313.54. The Sherwin-Williams Company has a fifty-two week low of $232.06 and a fifty-two week high of $348.37.

Sherwin-Williams (NYSE:SHW) last issued its quarterly earnings data on Tuesday, April 23rd. The specialty chemicals company reported $2.17 EPS for the quarter, missing analysts’ consensus estimates of $2.22 by ($0.05). The company had revenue of $5.37 billion for the quarter, compared to analyst estimates of $5.50 billion. Sherwin-Williams had a net margin of 10.52% and a return on equity of 73.74%. The business’s revenue was down 1.4% on a year-over-year basis. During the same period in the prior year, the company posted $2.04 EPS. On average, analysts expect that The Sherwin-Williams Company will post 11.41 earnings per share for the current year.

Sherwin-Williams Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, September 6th. Shareholders of record on Friday, August 16th will be issued a $0.715 dividend. This represents a $2.86 dividend on an annualized basis and a yield of 0.89%. The ex-dividend date of this dividend is Friday, August 16th. Sherwin-Williams’s dividend payout ratio (DPR) is currently 30.49%.

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.