The Sherwin-Williams Company (NYSE:SHW) Shares Bought by Creekmur Asset Management LLC

Creekmur Asset Management LLC lifted its holdings in shares of The Sherwin-Williams Company (NYSE:SHW) by 65.2% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,492 shares of the specialty chemicals company’s stock after buying an additional 589 shares during the quarter. Creekmur Asset Management LLC’s holdings in Sherwin-Williams were worth $521,000 as of its most recent SEC filing.

Several other large investors have also made changes to their positions in SHW. Park Square Financial Group LLC acquired a new position in shares of Sherwin-Williams during the 4th quarter worth approximately $27,000. Perkins Coie Trust Co acquired a new stake in shares of Sherwin-Williams in the 1st quarter worth $27,000. Lee Danner & Bass Inc. acquired a new position in shares of Sherwin-Williams during the 4th quarter valued at about $28,000. Synergy Investment Management LLC boosted its position in shares of Sherwin-Williams by 583.3% during the 1st quarter. Synergy Investment Management LLC now owns 82 shares of the specialty chemicals company’s stock valued at $29,000 after acquiring an additional 70 shares during the last quarter. Finally, Barnes Dennig Private Wealth Management LLC acquired a new position in shares of Sherwin-Williams during the 1st quarter valued at about $30,000. 77.67% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several analysts recently issued reports on SHW shares. Barclays reduced their price objective on shares of Sherwin-Williams from $385.00 to $355.00 and set an “equal weight” rating on the stock in a report on Tuesday, April 1st. Morgan Stanley lowered their target price on Sherwin-Williams from $405.00 to $385.00 and set an “overweight” rating for the company in a report on Tuesday, April 22nd. UBS Group raised their target price on Sherwin-Williams from $398.00 to $410.00 and gave the company a “buy” rating in a report on Wednesday, July 9th. 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 research note on Thursday, May 1st. Finally, Mizuho set a $395.00 price objective on Sherwin-Williams in a research note on Tuesday, April 15th. One investment analyst has rated the stock with a sell rating, six have issued a hold rating, ten have given a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat.com, Sherwin-Williams has an average rating of “Moderate Buy” and a consensus target price of $391.94.

Sherwin-Williams Trading Down 0.6%

Sherwin-Williams stock opened at $337.91 on Friday. The stock has a market cap of $84.68 billion, a PE ratio of 32.08, a P/E/G ratio of 3.05 and a beta of 1.18. The stock has a 50-day moving average price of $350.03 and a 200 day moving average price of $347.93. The Sherwin-Williams Company has a 52 week low of $308.84 and a 52 week high of $400.42. The company has a current ratio of 0.77, a quick ratio of 0.45 and a debt-to-equity ratio of 1.90.

Sherwin-Williams (NYSE:SHW) last released 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 firm had revenue of $5.31 billion during the quarter, compared to analyst estimates of $5.42 billion. Sherwin-Williams had a return on equity of 71.86% and a net margin of 11.63%. The business’s quarterly revenue was down 1.1% compared to the same quarter last year. During the same period in the prior year, the firm posted $2.17 earnings per share. Equities research analysts predict that The Sherwin-Williams Company will post 12 earnings per share for the current fiscal year.

Sherwin-Williams Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, September 5th. Shareholders of record on Friday, August 15th will be paid a dividend of $0.79 per share. The ex-dividend date of this dividend is Friday, August 15th. This represents a $3.16 annualized dividend and a yield of 0.94%. Sherwin-Williams’s dividend payout ratio is presently 29.87%.

About Sherwin-Williams

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.