Colonial River Wealth Management LLC Acquires New Shares in The Sherwin-Williams Company (NYSE:SHW)

Colonial River Wealth Management LLC acquired a new stake in The Sherwin-Williams Company (NYSE:SHW – Get Rating) during the fourth quarter, Holdings Channel reports. The fund acquired 844 shares of the specialty chemicals company’s stock, valued at approximately $200,000.

Other large investors have also recently added to or reduced their stakes in the company. Apella Capital LLC increased its stake in Sherwin-Williams by 3.3% during the 4th quarter. Apella Capital LLC now owns 1,394 shares of the specialty chemicals company’s stock worth $331,000 after buying an additional 44 shares during the period. Sandy Spring Bank raised its stake in shares of Sherwin-Williams by 1.1% in the 4th quarter. Sandy Spring Bank now owns 4,102 shares of the specialty chemicals company’s stock valued at $974,000 after purchasing an additional 44 shares in the last quarter. Sargent Bickham Lagudis LLC raised its stake in Sherwin-Williams by 3.0% during the fourth quarter. Sargent Bickham Lagudis LLC now owns 1,567 shares of the specialty chemicals company’s stock worth $372,000 after acquiring an additional 45 shares during the period. Clarius Group LLC raised its stake in Sherwin-Williams by 1.7% during the fourth quarter. Clarius Group LLC now owns 2,731 shares of the specialty chemicals company’s stock worth $648,000 after acquiring an additional 45 shares during the period. Finally, Oliver Lagore Vanvalin Investment Group grew its position in Sherwin-Williams by 1.3% in the 3rd quarter. Oliver Lagore Vanvalin Investment Group now owns 3,676 shares of the specialty chemicals company’s stock worth $753,000 after purchasing an additional 46 shares during the last quarter. 76.03% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

SHW has been the subject of several recent analyst reports. Zelman & Associates cut shares of Sherwin-Williams from a “buy” rating to a “hold” rating in a report on Friday, January 27th. Royal Bank of Canada reduced their price target on shares of Sherwin-Williams from $285.00 to $267.00 and set an “outperform” rating for the company in a research report on Tuesday, January 31st. Citigroup dropped their price target on shares of Sherwin-Williams from $270.00 to $251.00 and set a “neutral” rating on the stock in a research note on Friday, January 27th. Barclays increased their price target on shares of Sherwin-Williams from $220.00 to $240.00 in a research note on Thursday, April 27th. Finally, Mizuho increased their price target on shares of Sherwin-Williams from $263.00 to $268.00 in a research note on Wednesday, April 26th. One analyst has rated the stock with a sell rating, seven have given a hold rating and thirteen have given a buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $258.74.

Sherwin-Williams Stock Up 0.7 %

Shares of SHW stock traded up $1.50 during trading on Friday, reaching $228.01. The company’s stock had a trading volume of 291,690 shares, compared to its average volume of 1,521,061. The business has a fifty day moving average price of $226.22 and a 200-day moving average price of $233.10. The company has a quick ratio of 0.57, a current ratio of 1.00 and a debt-to-equity ratio of 3.03. The company has a market cap of $58.80 billion, a price-to-earnings ratio of 28.12, a price-to-earnings-growth ratio of 2.40 and a beta of 1.07. The Sherwin-Williams Company has a one year low of $195.24 and a one year high of $278.31.

Sherwin-Williams (NYSE:SHW – Get Rating) last posted its quarterly earnings results on Tuesday, April 25th. The specialty chemicals company reported $2.04 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.84 by $0.20. Sherwin-Williams had a net margin of 9.41% and a return on equity of 86.29%. The firm had revenue of $5.44 billion for the quarter, compared to analyst estimates of $5.14 billion. During the same period in the prior year, the firm posted $1.61 earnings per share. The company’s quarterly revenue was up 8.9% compared to the same quarter last year. Analysts anticipate that The Sherwin-Williams Company will post 8.7 earnings per share for the current year.

Sherwin-Williams Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, June 2nd. Shareholders of record on Friday, May 19th will be issued a $0.605 dividend. The ex-dividend date of this dividend is Thursday, May 18th. This represents a $2.42 annualized dividend and a dividend yield of 1.06%. Sherwin-Williams’s dividend payout ratio is currently 29.69%.

Sherwin-Williams Profile

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The Sherwin-Williams Co engages in the development, manufacture, distribution, and sale of paint and coatings. It operates through the following segments: America Group, Consumer Brands Group, and Performance Coating Group. The America Group segment manages the exclusive outlets for Sherwin-Williams branded paints, stains, supplies, equipment, and floor coverings.