Griffin Asset Management Inc. Sells 300 Shares of The Sherwin-Williams Company (NYSE:SHW)

Griffin Asset Management Inc. decreased its holdings in shares of The Sherwin-Williams Company (NYSE:SHW) by 3.2% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 8,990 shares of the specialty chemicals company’s stock after selling 300 shares during the period. Griffin Asset Management Inc.’s holdings in Sherwin-Williams were worth $3,139,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also added to or reduced their stakes in SHW. Legacy Capital Wealth Partners LLC raised its stake in shares of Sherwin-Williams by 2.9% in the fourth quarter. Legacy Capital Wealth Partners LLC now owns 1,028 shares of the specialty chemicals company’s stock worth $350,000 after purchasing an additional 29 shares during the last quarter. IMS Capital Management increased its position in Sherwin-Williams by 2.4% in the fourth quarter. IMS Capital Management now owns 1,287 shares of the specialty chemicals company’s stock worth $437,000 after buying an additional 30 shares during the last quarter. Coppell Advisory Solutions LLC increased its position in Sherwin-Williams by 2.7% in the fourth quarter. Coppell Advisory Solutions LLC now owns 1,146 shares of the specialty chemicals company’s stock worth $388,000 after buying an additional 30 shares during the last quarter. Ashton Thomas Securities LLC increased its position in Sherwin-Williams by 1.5% in the fourth quarter. Ashton Thomas Securities LLC now owns 2,228 shares of the specialty chemicals company’s stock worth $757,000 after buying an additional 34 shares during the last quarter. Finally, WR Wealth Planners LLC boosted its holdings in shares of Sherwin-Williams by 41.7% in the fourth quarter. WR Wealth Planners LLC now owns 119 shares of the specialty chemicals company’s stock worth $40,000 after acquiring an additional 35 shares during the period. Institutional investors own 77.67% of the company’s stock.

Sherwin-Williams Stock Performance

SHW stock opened at $335.93 on Friday. The stock’s 50 day simple moving average is $348.16 and its 200 day simple moving average is $351.93. The stock 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 company has a current ratio of 0.79, a quick ratio of 0.46 and a debt-to-equity ratio of 2.02. 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 posted its quarterly earnings data on Tuesday, April 29th. The specialty chemicals company reported $2.25 EPS for the quarter, topping the consensus estimate of $2.23 by $0.02. Sherwin-Williams had a return on equity of 74.50% and a net margin of 11.61%. The firm had revenue of $5.31 billion during the quarter, compared to analyst estimates of $5.42 billion. During the same period in the prior year, the business posted $2.17 EPS. Sherwin-Williams’s revenue was down 1.1% on a year-over-year basis. As a group, research analysts forecast that The Sherwin-Williams Company will post 12 earnings per share for the current fiscal year.

Sherwin-Williams Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, June 6th. Shareholders of record on Friday, May 16th were issued 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 was Friday, May 16th. Sherwin-Williams’s dividend payout ratio (DPR) is presently 29.87%.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently commented on SHW shares. Wells Fargo & Company raised Sherwin-Williams from an “equal weight” rating to an “overweight” rating and raised their price target for the stock from $350.00 to $420.00 in a report on Wednesday, April 30th. Mizuho set a $395.00 price objective on Sherwin-Williams in a report on Tuesday, April 15th. Barclays reduced their price target on Sherwin-Williams from $385.00 to $355.00 and set an “equal weight” rating on the stock in a report on Tuesday, April 1st. UBS Group reduced their price target on Sherwin-Williams from $430.00 to $400.00 and set a “buy” rating on the stock in a report on Monday, April 7th. Finally, Morgan Stanley cut their price objective on Sherwin-Williams from $405.00 to $385.00 and set an “overweight” rating on the stock in a research report on Tuesday, April 22nd. Six analysts have rated the stock with a hold rating, ten have assigned a buy rating and two have issued a strong buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $397.67.

Sherwin-Williams 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.