Patton Albertson Miller Group LLC Invests $3.32 Million in The Sherwin-Williams Company (NYSE:SHW)

Patton Albertson Miller Group LLC bought a new position in shares of The Sherwin-Williams Company (NYSE:SHW) in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund bought 9,511 shares of the specialty chemicals company’s stock, valued at approximately $3,321,000.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in SHW. Voleon Capital Management LP acquired a new position in Sherwin-Williams during the fourth quarter worth $2,011,000. Kingswood Wealth Advisors LLC raised its holdings in shares of Sherwin-Williams by 25.0% in the 1st quarter. Kingswood Wealth Advisors LLC now owns 1,006 shares of the specialty chemicals company’s stock worth $352,000 after purchasing an additional 201 shares during the period. Sowell Financial Services LLC purchased a new position in shares of Sherwin-Williams in the 1st quarter worth about $306,000. Wealthcare Advisory Partners LLC grew its stake in shares of Sherwin-Williams by 18.4% in the first quarter. Wealthcare Advisory Partners LLC now owns 882 shares of the specialty chemicals company’s stock valued at $308,000 after buying an additional 137 shares in the last quarter. Finally, GAMMA Investing LLC grew its stake in Sherwin-Williams by 19.8% during the 1st quarter. GAMMA Investing LLC now owns 4,686 shares of the specialty chemicals company’s stock valued at $1,636,000 after purchasing an additional 773 shares in the last quarter. Hedge funds and other institutional investors own 77.67% of the company’s stock.

Analyst Ratings Changes

SHW has been the topic of several recent analyst reports. UBS Group lifted their target price on Sherwin-Williams from $398.00 to $410.00 and gave the company a “buy” rating in a research note on Wednesday, July 9th. Citigroup cut Sherwin-Williams from a “buy” rating to a “neutral” rating and reduced their price objective for the company from $405.00 to $385.00 in a research report on Friday, June 13th. Barclays dropped their price objective on Sherwin-Williams from $385.00 to $355.00 and set an “equal weight” rating on the stock in a research note on Tuesday, April 1st. Royal Bank Of Canada lifted their price objective on Sherwin-Williams from $410.00 to $420.00 and gave the stock an “outperform” rating in a research note on Thursday, May 1st. Finally, Bank of America upped their price target on Sherwin-Williams from $289.00 to $296.00 and gave the company an “underperform” rating in a report on Monday, June 23rd. One research analyst has rated the stock with a sell rating, six have issued a hold rating, ten have issued a buy rating and two have assigned a strong buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $391.94.

Sherwin-Williams Stock Down 0.0%

Shares of SHW stock opened at $339.76 on Friday. The company has a 50 day simple moving average of $350.03 and a two-hundred day simple moving average of $347.93. The company has a current ratio of 0.77, a quick ratio of 0.45 and a debt-to-equity ratio of 1.90. The stock has a market cap of $85.14 billion, a P/E ratio of 32.11, a P/E/G ratio of 3.05 and a beta of 1.18. The Sherwin-Williams Company has a 12 month low of $308.84 and a 12 month high of $400.42.

Sherwin-Williams (NYSE:SHW) last released its earnings results on Tuesday, April 29th. The specialty chemicals company reported $2.25 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.23 by $0.02. Sherwin-Williams had a net margin of 11.63% and a return on equity of 71.86%. The firm had revenue of $5.31 billion during the quarter, compared to analyst estimates of $5.42 billion. During the same quarter last year, the business earned $2.17 EPS. The business’s revenue was down 1.1% on a year-over-year basis. On average, research analysts expect that The Sherwin-Williams Company will post 12 earnings per share for the current year.

Sherwin-Williams Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, September 5th. Shareholders of record on Friday, August 15th will be given a dividend of $0.79 per share. This represents a $3.16 annualized dividend and a yield of 0.93%. The ex-dividend date of this dividend is Friday, August 15th. 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.