Panoramic Capital Partners LLC Has $365,000 Stake in The Sherwin-Williams Company (NYSE:SHW)

Panoramic Capital Partners LLC boosted its holdings in shares of The Sherwin-Williams Company (NYSE:SHW) by 15.3% during the first quarter, Holdings Channel reports. The institutional investor owned 1,046 shares of the specialty chemicals company’s stock after acquiring an additional 139 shares during the quarter. Panoramic Capital Partners LLC’s holdings in Sherwin-Williams were worth $365,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also recently bought and sold shares of the business. Voleon Capital Management LP acquired a new position in Sherwin-Williams in the fourth quarter worth about $2,011,000. Kerusso Capital Management LLC grew its stake 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 valued at $3,498,000 after purchasing an additional 4,439 shares during the period. Strategic Financial Concepts LLC bought a new stake in shares of Sherwin-Williams in the 4th quarter valued at approximately $169,000. Empower Advisory Group LLC raised 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 buying an additional 10,267 shares in the last quarter. Finally, Horizon Investments LLC lifted its position in shares of Sherwin-Williams by 2.7% during the 4th quarter. Horizon Investments LLC now owns 6,031 shares of the specialty chemicals company’s stock worth $2,050,000 after buying an additional 161 shares during the period. Institutional investors own 77.67% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts have recently commented on SHW shares. Wells Fargo & Company upgraded shares of Sherwin-Williams from an “equal weight” rating to an “overweight” rating and boosted their target price for the company from $350.00 to $420.00 in a research note on Wednesday, April 30th. Jefferies Financial Group reissued a “hold” rating and set a $380.00 price target (down from $423.00) on shares of Sherwin-Williams in a report on Monday, March 10th. Royal Bank of Canada raised their price objective on shares of Sherwin-Williams from $410.00 to $420.00 and gave the stock an “outperform” rating in a report on Thursday, May 1st. UBS Group cut their target price on shares of Sherwin-Williams from $430.00 to $400.00 and set a “buy” rating for the company in a research note on Monday, April 7th. Finally, Morgan Stanley reduced their target price on Sherwin-Williams from $405.00 to $385.00 and set an “overweight” rating on the stock in a report on Tuesday, April 22nd. Five research analysts have rated the stock with a hold rating, eleven have assigned a buy rating and two have issued a strong buy rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $397.00.

Sherwin-Williams Price Performance

Shares of SHW opened at $357.65 on Monday. The Sherwin-Williams Company has a 12-month low of $290.18 and a 12-month high of $400.42. The stock has a market cap of $89.63 billion, a P/E ratio of 33.90, a P/E/G ratio of 2.98 and a beta of 1.21. The company has a quick ratio of 0.46, a current ratio of 0.79 and a debt-to-equity ratio of 2.02. The business’s fifty day moving average is $346.06 and its 200 day moving average is $352.77.

Sherwin-Williams (NYSE:SHW) last released its earnings results on Tuesday, April 29th. The specialty chemicals company reported $2.25 EPS for the quarter, topping analysts’ consensus estimates of $2.23 by $0.02. Sherwin-Williams had a return on equity of 74.50% and a net margin of 11.61%. The company had revenue of $5.31 billion for the quarter, compared to analysts’ expectations of $5.42 billion. During the same period in the previous year, the business posted $2.17 EPS. The business’s revenue for the quarter was down 1.1% compared to the same quarter last year. Sell-side analysts anticipate that The Sherwin-Williams Company will post 12 earnings per share for the current fiscal year.

Sherwin-Williams Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, June 6th. Stockholders of record on Friday, May 16th were given a $0.79 dividend. This represents a $3.16 annualized dividend and a dividend yield of 0.88%. The ex-dividend date of this dividend was Friday, May 16th. Sherwin-Williams’s dividend payout ratio (DPR) is currently 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.