Guardian Wealth Advisors LLC Purchases New Holdings in The Sherwin-Williams Company (NYSE:SHW)

Guardian Wealth Advisors LLC purchased a new stake in shares of The Sherwin-Williams Company (NYSE:SHW) during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 583 shares of the specialty chemicals company’s stock, valued at approximately $204,000.

Other institutional investors also recently added to or reduced their stakes in the company. Voleon Capital Management LP acquired a new stake in Sherwin-Williams during the fourth quarter valued at approximately $2,011,000. Kingswood Wealth Advisors LLC boosted its holdings in Sherwin-Williams by 25.0% during the first quarter. Kingswood Wealth Advisors LLC now owns 1,006 shares of the specialty chemicals company’s stock valued at $352,000 after purchasing an additional 201 shares in the last quarter. Sowell Financial Services LLC acquired a new stake in Sherwin-Williams during the first quarter valued at approximately $306,000. Wealthcare Advisory Partners LLC boosted its holdings in Sherwin-Williams by 18.4% during the first quarter. Wealthcare Advisory Partners LLC now owns 882 shares of the specialty chemicals company’s stock valued at $308,000 after purchasing an additional 137 shares in the last quarter. Finally, Horizon Investments LLC boosted its holdings in Sherwin-Williams by 2.7% during the fourth quarter. Horizon Investments LLC now owns 6,031 shares of the specialty chemicals company’s stock valued at $2,050,000 after purchasing an additional 161 shares in the last quarter. 77.67% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

SHW has been the topic of a number of recent research reports. Royal Bank Of Canada lifted their price objective on Sherwin-Williams from $410.00 to $420.00 and gave the company an “outperform” rating in a report on Thursday, May 1st. Mizuho set a $395.00 target price on Sherwin-Williams in a report on Tuesday, April 15th. Bank of America boosted their target price on Sherwin-Williams from $289.00 to $296.00 and gave the stock an “underperform” rating in a report on Monday, June 23rd. Barclays reduced their target price 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. 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. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating, ten have assigned a buy rating and two have given a strong buy rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $391.94.

Sherwin-Williams Stock Down 1.6%

NYSE:SHW opened at $338.95 on Wednesday. The stock’s fifty day moving average price is $350.55 and its two-hundred day moving average price is $347.98. The company has a market cap of $84.94 billion, a price-to-earnings ratio of 32.04, a P/E/G ratio of 3.10 and a beta of 1.18. The Sherwin-Williams Company has a 52-week low of $308.84 and a 52-week high of $400.42. The company has a debt-to-equity ratio of 1.90, a quick ratio of 0.45 and a current ratio of 0.77.

Sherwin-Williams (NYSE:SHW) last issued its earnings results on Tuesday, April 29th. The specialty chemicals company reported $2.25 EPS for the quarter, beating the consensus estimate of $2.23 by $0.02. The company had revenue of $5.31 billion during the quarter, compared to analysts’ expectations of $5.42 billion. Sherwin-Williams had a net margin of 11.63% and a return on equity of 71.86%. The business’s revenue for the quarter was down 1.1% compared to the same quarter last year. During the same quarter in the previous year, the company posted $2.17 EPS. On average, analysts anticipate that The Sherwin-Williams Company will post 12 EPS for the current year.

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.