Opal Wealth Advisors LLC Raises Stock Position in The Sherwin-Williams Company (NYSE:SHW)

Opal Wealth Advisors LLC grew its holdings in The Sherwin-Williams Company (NYSE:SHW) by 4.2% in the first quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 791 shares of the specialty chemicals company’s stock after buying an additional 32 shares during the period. Opal Wealth Advisors LLC’s holdings in Sherwin-Williams were worth $276,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also made changes to their positions in the company. Voleon Capital Management LP bought a new stake in shares of Sherwin-Williams in the 4th quarter worth about $2,011,000. Kerusso Capital Management LLC lifted its holdings in shares of Sherwin-Williams by 75.9% in the 4th quarter. Kerusso Capital Management LLC now owns 10,290 shares of the specialty chemicals company’s stock worth $3,498,000 after acquiring an additional 4,439 shares during the last quarter. Empower Advisory Group LLC lifted its holdings in shares of Sherwin-Williams by 3.3% in the 4th quarter. Empower Advisory Group LLC now owns 322,925 shares of the specialty chemicals company’s stock worth $109,772,000 after acquiring an additional 10,267 shares during the last quarter. Horizon Investments LLC lifted its holdings in shares of Sherwin-Williams by 2.7% in the 4th quarter. Horizon Investments LLC now owns 6,031 shares of the specialty chemicals company’s stock worth $2,050,000 after acquiring an additional 161 shares during the last quarter. Finally, ABC Arbitrage SA bought a new stake in shares of Sherwin-Williams in the 4th quarter worth about $1,636,000. 77.67% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of equities research analysts recently weighed in on the stock. UBS Group decreased their price objective on shares of Sherwin-Williams from $430.00 to $400.00 and set a “buy” rating for the company in a report on Monday, April 7th. Morgan Stanley cut their target price on shares of Sherwin-Williams from $405.00 to $385.00 and set an “overweight” rating on the stock in a research report on Tuesday, April 22nd. Citigroup downgraded shares of Sherwin-Williams from a “buy” rating to a “neutral” rating and cut their target price for the company from $405.00 to $385.00 in a research report on Friday. Mizuho set a $395.00 target price on shares of Sherwin-Williams in a research report on Tuesday, April 15th. Finally, Jefferies Financial Group reissued a “hold” rating and set a $380.00 target price (down previously from $423.00) on shares of Sherwin-Williams in a research report on Monday, March 10th. Six analysts have rated the stock with a hold rating, ten have issued a buy rating and two have given a strong buy rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $397.67.

Sherwin-Williams Stock Performance

NYSE:SHW opened at $335.93 on Friday. The company has a debt-to-equity ratio of 2.02, a quick ratio of 0.46 and a current ratio of 0.79. The company has a fifty day moving average of $348.16 and a two-hundred day moving average of $351.93. The stock has a market capitalization of $84.18 billion, a PE ratio of 31.84, a P/E/G ratio of 2.98 and a beta of 1.21. The Sherwin-Williams Company has a fifty-two week low of $292.27 and a fifty-two week high of $400.42.

Sherwin-Williams (NYSE:SHW) last announced its quarterly earnings data on Tuesday, April 29th. The specialty chemicals company reported $2.25 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.23 by $0.02. Sherwin-Williams had a net margin of 11.61% and a return on equity of 74.50%. The firm had revenue of $5.31 billion during the quarter, compared to analyst estimates of $5.42 billion. During the same quarter in the prior year, the firm posted $2.17 earnings per share. Sherwin-Williams’s quarterly 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 Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, June 6th. Shareholders of record on Friday, May 16th were given a dividend of $0.79 per share. This represents a $3.16 dividend on an annualized basis and a dividend yield of 0.94%. The ex-dividend date of this dividend was Friday, May 16th. Sherwin-Williams’s dividend payout ratio is presently 29.87%.

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.