Catalyst Financial Partners LLC Buys 94 Shares of The Sherwin-Williams Company (NYSE:SHW)

Catalyst Financial Partners LLC grew its position in shares of The Sherwin-Williams Company (NYSE:SHW) by 13.2% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 807 shares of the specialty chemicals company’s stock after buying an additional 94 shares during the quarter. Catalyst Financial Partners LLC’s holdings in Sherwin-Williams were worth $241,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors also recently modified their holdings of SHW. J.W. Cole Advisors Inc. purchased a new position in shares of Sherwin-Williams during the 4th quarter valued at $235,000. CWM LLC lifted its position in shares of Sherwin-Williams by 9.5% in the fourth quarter. CWM LLC now owns 6,276 shares of the specialty chemicals company’s stock valued at $1,957,000 after acquiring an additional 547 shares in the last quarter. Atria Wealth Solutions Inc. boosted its stake in shares of Sherwin-Williams by 7.5% in the fourth quarter. Atria Wealth Solutions Inc. now owns 8,150 shares of the specialty chemicals company’s stock worth $2,542,000 after acquiring an additional 566 shares during the period. Syon Capital LLC raised its stake in Sherwin-Williams by 63.9% during the 4th quarter. Syon Capital LLC now owns 1,764 shares of the specialty chemicals company’s stock valued at $550,000 after purchasing an additional 688 shares during the period. Finally, Bank Julius Baer & Co. Ltd Zurich purchased a new position in Sherwin-Williams in the 4th quarter worth approximately $187,000. 77.67% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several analysts have commented on SHW shares. Evercore ISI boosted 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 Wednesday, July 24th. UBS Group dropped their price target on Sherwin-Williams from $385.00 to $355.00 and set a “buy” rating for the company in a research note on Tuesday, July 9th. Wells Fargo & Company upped their price objective on Sherwin-Williams from $320.00 to $350.00 and gave the stock an “equal weight” rating in a report on Wednesday, July 24th. Morgan Stanley raised their target price on shares of Sherwin-Williams from $338.00 to $375.00 and gave the company an “overweight” rating in a report on Wednesday, July 24th. Finally, BMO Capital Markets upped their price target on shares of Sherwin-Williams from $360.00 to $386.00 and gave the company an “outperform” rating in a research note on Wednesday, July 24th. One research analyst has rated the stock with a sell rating, seven have issued a hold rating, fourteen have given a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, Sherwin-Williams has an average rating of “Moderate Buy” and an average price target of $358.16.

Sherwin-Williams Trading Up 0.4 %

SHW traded up $1.60 during trading hours on Monday, reaching $360.33. 632,244 shares of the company’s stock traded hands, compared to its average volume of 1,616,419. The company has a quick ratio of 0.50, a current ratio of 0.81 and a debt-to-equity ratio of 2.17. The firm has a 50-day moving average price of $326.52 and a 200 day moving average price of $321.39. The Sherwin-Williams Company has a 52-week low of $232.06 and a 52-week high of $363.13. The firm has a market capitalization of $91.36 billion, a PE ratio of 38.48, a PEG ratio of 2.79 and a beta of 1.16.

Sherwin-Williams (NYSE:SHW) last issued its quarterly earnings results on Tuesday, July 23rd. The specialty chemicals company reported $3.70 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.51 by $0.19. Sherwin-Williams had a return on equity of 75.58% and a net margin of 10.92%. The business had revenue of $6.27 billion for the quarter, compared to the consensus estimate of $6.33 billion. During the same period in the prior year, the firm posted $3.29 earnings per share. The business’s quarterly revenue was up .5% on a year-over-year basis. As a group, sell-side analysts predict that The Sherwin-Williams Company will post 11.44 EPS for the current fiscal year.

Sherwin-Williams Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, September 6th. Stockholders of record on Friday, August 16th will be issued a dividend of $0.715 per share. This represents a $2.86 annualized dividend and a dividend yield of 0.79%. The ex-dividend date of this dividend is Friday, August 16th. Sherwin-Williams’s dividend payout ratio is currently 30.49%.

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.