Montag A & Associates Inc. Sells 135 Shares of The Sherwin-Williams Company (NYSE:SHW)

Montag A & Associates Inc. cut its stake in shares of The Sherwin-Williams Company (NYSE:SHW) by 5.8% in the 2nd quarter, HoldingsChannel reports. The firm owned 2,208 shares of the specialty chemicals company’s stock after selling 135 shares during the period. Montag A & Associates Inc.’s holdings in Sherwin-Williams were worth $659,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in SHW. First United Bank & Trust bought a new position in Sherwin-Williams in the fourth quarter valued at $31,000. Tortoise Investment Management LLC lifted its holdings in shares of Sherwin-Williams by 158.5% in the 4th quarter. Tortoise Investment Management LLC now owns 106 shares of the specialty chemicals company’s stock worth $33,000 after acquiring an additional 65 shares during the last quarter. Anfield Capital Management LLC purchased a new stake in shares of Sherwin-Williams in the 2nd quarter valued at $38,000. Northwest Investment Counselors LLC bought a new position in shares of Sherwin-Williams during the 1st quarter valued at $47,000. Finally, Rise Advisors LLC lifted its stake in shares of Sherwin-Williams by 1,154.5% in the 1st 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 last quarter. Institutional investors own 77.67% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts have commented on the company. Barclays upped their price target on Sherwin-Williams from $315.00 to $355.00 and gave the company an “equal weight” rating in a research report on Wednesday, July 24th. Royal Bank of Canada reiterated an “outperform” rating and set a $418.00 price target on shares of Sherwin-Williams in a research report on Friday. KeyCorp upped their target price on Sherwin-Williams from $400.00 to $410.00 and gave the stock an “overweight” rating in a report on Wednesday, July 24th. Jefferies Financial Group raised their target price on Sherwin-Williams from $392.00 to $415.00 and gave the company a “buy” rating in a research note on Monday, August 26th. Finally, Morgan Stanley upped their price target on Sherwin-Williams from $338.00 to $375.00 and gave the stock an “overweight” rating in a research note on Wednesday, July 24th. One research analyst has rated the stock with a sell rating, seven have issued a hold rating, fourteen have issued a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, Sherwin-Williams currently has an average rating of “Moderate Buy” and an average price target of $361.95.

Sherwin-Williams Trading Up 2.4 %

Shares of NYSE:SHW opened at $369.37 on Monday. The company has a market cap of $93.18 billion, a P/E ratio of 39.38, a PEG ratio of 2.90 and a beta of 1.16. The stock’s fifty day moving average price is $332.64 and its 200-day moving average price is $323.21. The Sherwin-Williams Company has a 1 year low of $232.06 and a 1 year high of $370.27. The company has a debt-to-equity ratio of 2.17, a current ratio of 0.81 and a quick ratio of 0.50.

Sherwin-Williams (NYSE:SHW) last posted its quarterly earnings data on Tuesday, July 23rd. The specialty chemicals company reported $3.70 EPS for the quarter, beating analysts’ consensus estimates 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 return on equity of 75.58% and a net margin of 10.92%. Sherwin-Williams’s revenue for the quarter was up .5% compared to the same quarter last year. During the same quarter in the prior year, the business earned $3.29 earnings per share. Sell-side analysts expect that The Sherwin-Williams Company will post 11.47 earnings per share for the current year.

Sherwin-Williams Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, September 6th. Investors of record on Friday, August 16th will be given a dividend of $0.715 per share. The ex-dividend date of this dividend is Friday, August 16th. This represents a $2.86 annualized dividend and a yield of 0.77%. Sherwin-Williams’s dividend payout ratio (DPR) is presently 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.