Inspire Advisors LLC Has $373,000 Position in The Sherwin-Williams Company (NYSE:SHW)

Inspire Advisors LLC lessened its position in The Sherwin-Williams Company (NYSE:SHW) by 3.0% in the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,075 shares of the specialty chemicals company’s stock after selling 33 shares during the period. Inspire Advisors LLC’s holdings in Sherwin-Williams were worth $373,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also bought and sold shares of the company. First Hawaiian Bank increased its stake in shares of Sherwin-Williams by 0.5% in the fourth quarter. First Hawaiian Bank now owns 7,559 shares of the specialty chemicals company’s stock valued at $2,358,000 after buying an additional 34 shares during the period. Tsfg LLC increased its stake in shares of Sherwin-Williams by 4.7% in the fourth quarter. Tsfg LLC now owns 754 shares of the specialty chemicals company’s stock valued at $235,000 after buying an additional 34 shares during the period. Manchester Capital Management LLC increased its stake in shares of Sherwin-Williams by 5.5% in the fourth quarter. Manchester Capital Management LLC now owns 666 shares of the specialty chemicals company’s stock valued at $208,000 after buying an additional 35 shares during the period. Tealwood Asset Management Inc. increased its stake in shares of Sherwin-Williams by 0.7% in the first quarter. Tealwood Asset Management Inc. now owns 4,913 shares of the specialty chemicals company’s stock valued at $1,706,000 after buying an additional 35 shares during the period. Finally, Ellsworth Advisors LLC increased its stake in shares of Sherwin-Williams by 0.9% in the fourth quarter. Ellsworth Advisors LLC now owns 4,108 shares of the specialty chemicals company’s stock valued at $1,281,000 after buying an additional 36 shares during the period. Institutional investors and hedge funds own 77.67% of the company’s stock.

Sherwin-Williams Stock Up 1.9 %

Shares of Sherwin-Williams stock traded up $6.21 on Tuesday, hitting $324.68. The company had a trading volume of 412,160 shares, compared to its average volume of 1,569,240. The stock has a market capitalization of $82.32 billion, a price-to-earnings ratio of 33.95, a P/E/G ratio of 2.66 and a beta of 1.16. The Sherwin-Williams Company has a 1 year low of $232.06 and a 1 year high of $348.37. The stock has a 50 day moving average of $304.48 and a 200-day moving average of $313.02. The company has a debt-to-equity ratio of 2.32, a quick ratio of 0.46 and a current ratio of 0.78.

Sherwin-Williams (NYSE:SHW) last issued its quarterly earnings data on Tuesday, April 23rd. The specialty chemicals company reported $2.17 EPS for the quarter, missing the consensus estimate of $2.22 by ($0.05). The company had revenue of $5.37 billion during the quarter, compared to analysts’ expectations of $5.50 billion. Sherwin-Williams had a return on equity of 73.74% and a net margin of 10.52%. The business’s revenue for the quarter was down 1.4% compared to the same quarter last year. During the same period last year, the company earned $2.04 earnings per share. As a group, sell-side analysts forecast that The Sherwin-Williams Company will post 11.42 earnings per share for the current year.

Sherwin-Williams Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, June 7th. Stockholders of record on Friday, May 17th were paid a $0.715 dividend. This represents a $2.86 annualized dividend and a dividend yield of 0.88%. The ex-dividend date was Thursday, May 16th. Sherwin-Williams’s dividend payout ratio (DPR) is presently 30.49%.

Analyst Ratings Changes

Several equities research analysts recently commented on SHW shares. Mizuho cut their target price on Sherwin-Williams from $340.00 to $334.00 and set a “buy” rating on the stock in a research report on Wednesday, April 24th. Royal Bank of Canada cut their target price on Sherwin-Williams from $380.00 to $370.00 and set an “outperform” rating on the stock in a research report on Thursday, April 25th. Citigroup cut their target price on Sherwin-Williams from $390.00 to $370.00 and set a “buy” rating on the stock in a research report on Thursday, April 25th. Evercore ISI upped their target price on Sherwin-Williams from $360.00 to $365.00 and gave the company an “outperform” rating in a research report on Tuesday, May 14th. Finally, KeyCorp upgraded Sherwin-Williams from a “sector weight” rating to an “overweight” rating and set a $400.00 target price on the stock in a research report on Thursday, April 25th. One analyst has rated the stock with a sell rating, seven have given a hold rating and twelve have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $340.65.

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.