Raymond James & Associates Purchases 8,005 Shares of The Sherwin-Williams Company (NYSE:SHW)

Raymond James & Associates grew its position in The Sherwin-Williams Company (NYSE:SHW) by 1.5% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 532,123 shares of the specialty chemicals company’s stock after acquiring an additional 8,005 shares during the quarter. Raymond James & Associates owned 0.21% of Sherwin-Williams worth $158,801,000 as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. First United Bank & Trust bought a new position in shares of Sherwin-Williams during the 4th quarter worth about $31,000. Tortoise Investment Management LLC boosted its holdings in Sherwin-Williams by 158.5% during the fourth quarter. Tortoise Investment Management LLC now owns 106 shares of the specialty chemicals company’s stock valued at $33,000 after purchasing an additional 65 shares in the last quarter. Wetzel Investment Advisors Inc. bought a new stake in shares of Sherwin-Williams in the 4th quarter valued at approximately $36,000. Northwest Investment Counselors LLC acquired a new position in shares of Sherwin-Williams in the 1st quarter worth approximately $47,000. Finally, Rise Advisors LLC lifted its position in shares of Sherwin-Williams by 1,154.5% during the 1st quarter. Rise Advisors LLC now owns 138 shares of the specialty chemicals company’s stock worth $48,000 after buying an additional 127 shares during the period. Institutional investors and hedge funds own 77.67% of the company’s stock.

Analyst Upgrades and Downgrades

SHW has been the subject of several recent analyst reports. Citigroup dropped their price objective on Sherwin-Williams from $390.00 to $370.00 and set a “buy” rating for the company in a research note on Thursday, April 25th. Evercore ISI lifted their price target on shares of Sherwin-Williams from $360.00 to $365.00 and gave the company an “outperform” rating in a report on Wednesday, July 24th. StockNews.com cut shares of Sherwin-Williams from a “buy” rating to a “hold” rating in a research note on Thursday, April 25th. Robert W. Baird lifted their target price on shares of Sherwin-Williams from $310.00 to $325.00 and gave the company a “neutral” rating in a research note on Wednesday, July 24th. Finally, Redburn Atlantic raised Sherwin-Williams to a “strong-buy” rating in a report on Thursday, July 18th. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating, thirteen have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $355.00.

Sherwin-Williams Stock Down 0.6 %

NYSE:SHW opened at $354.40 on Monday. The stock’s fifty day moving average price is $320.52 and its two-hundred day moving average price is $319.66. The company has a market cap of $89.40 billion, a price-to-earnings ratio of 37.78, a P/E/G ratio of 2.77 and a beta of 1.16. The Sherwin-Williams Company has a 52-week low of $232.06 and a 52-week high of $357.64. The company has a debt-to-equity ratio of 2.17, a quick ratio of 0.50 and a current ratio of 0.81.

Sherwin-Williams (NYSE:SHW) last issued its earnings results on Tuesday, July 23rd. The specialty chemicals company reported $3.70 EPS for the quarter, beating the consensus estimate of $3.51 by $0.19. The company had revenue of $6.27 billion during the quarter, compared to analysts’ expectations of $6.33 billion. Sherwin-Williams had a net margin of 10.92% and a return on equity of 75.58%. The business’s revenue for the quarter was up .5% compared to the same quarter last year. During the same quarter in the previous year, the company posted $3.29 EPS. On average, analysts anticipate that The Sherwin-Williams Company will post 11.44 EPS for the current year.

Sherwin-Williams Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, September 6th. Shareholders of record on Friday, August 16th will be given a dividend of $0.715 per share. This represents a $2.86 annualized dividend and a dividend yield of 0.81%. The ex-dividend date is Friday, August 16th. Sherwin-Williams’s payout ratio is 30.49%.

Sherwin-Williams 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.