MONECO Advisors LLC Raises Holdings in The Sherwin-Williams Company (NYSE:SHW)

MONECO Advisors LLC increased its position in The Sherwin-Williams Company (NYSE:SHW) by 18.8% in the 2nd quarter, according to the company in its most recent filing with the SEC. The fund owned 816 shares of the specialty chemicals company’s stock after acquiring an additional 129 shares during the quarter. MONECO Advisors LLC’s holdings in Sherwin-Williams were worth $243,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in SHW. First United Bank & Trust bought a new position in Sherwin-Williams in the 4th quarter worth approximately $31,000. Tortoise Investment Management LLC grew its holdings in Sherwin-Williams by 158.5% during the 4th quarter. Tortoise Investment Management LLC now owns 106 shares of the specialty chemicals company’s stock valued at $33,000 after buying an additional 65 shares in the last quarter. Wetzel Investment Advisors Inc. bought a new stake in shares of Sherwin-Williams during the fourth quarter valued at about $36,000. Northwest Investment Counselors LLC purchased a new stake in shares of Sherwin-Williams in the first quarter worth about $47,000. Finally, Rise Advisors LLC boosted its position in shares of Sherwin-Williams by 1,154.5% in the first quarter. Rise Advisors LLC now owns 138 shares of the specialty chemicals company’s stock valued at $48,000 after acquiring an additional 127 shares during the period. 77.67% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of analysts recently weighed in on SHW shares. Barclays upped their target price on shares of Sherwin-Williams from $315.00 to $355.00 and gave the stock an “equal weight” rating in a report on Wednesday, July 24th. Redburn Atlantic upgraded Sherwin-Williams to a “strong-buy” rating in a research report on Thursday, July 18th. UBS Group decreased their target price on Sherwin-Williams from $385.00 to $355.00 and set a “buy” rating on the stock in a research note on Tuesday, July 9th. Citigroup dropped their price target on Sherwin-Williams from $390.00 to $370.00 and set a “buy” rating for the company in a research report on Thursday, April 25th. Finally, KeyCorp upped their price objective on shares of Sherwin-Williams from $400.00 to $410.00 and gave the stock an “overweight” rating in a research report on Wednesday, July 24th. One investment analyst has rated the stock with a sell rating, seven have given a hold rating, thirteen have issued a buy rating and one has given a strong buy rating to the company. According to MarketBeat, Sherwin-Williams presently has an average rating of “Moderate Buy” and an average target price of $355.00.

Sherwin-Williams Stock Up 0.4 %

Shares of NYSE:SHW opened at $355.96 on Tuesday. The stock’s 50-day moving average is $321.77 and its 200 day moving average is $319.99. The company has a market cap of $89.79 billion, a PE ratio of 37.95, a P/E/G ratio of 2.77 and a beta of 1.16. The company has a debt-to-equity ratio of 2.17, a current ratio of 0.81 and a quick ratio of 0.50. The Sherwin-Williams Company has a 1 year low of $232.06 and a 1 year high of $357.64.

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

Sherwin-Williams Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, September 6th. Stockholders of record on Friday, August 16th will be given a $0.715 dividend. The ex-dividend date is Friday, August 16th. This represents a $2.86 annualized dividend and a dividend yield of 0.80%. Sherwin-Williams’s dividend payout ratio is 30.49%.

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.