Schechter Investment Advisors LLC Has $219,000 Stock Position in The Sherwin-Williams Company (NYSE:SHW)

Posted by Defense World Staff on Jul 21st, 2023

Schechter Investment Advisors LLC trimmed its position in The Sherwin-Williams Company (NYSE:SHW – Free Report) by 13.6% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 975 shares of the specialty chemicals company’s stock after selling 154 shares during the quarter. Schechter Investment Advisors LLC’s holdings in Sherwin-Williams were worth $219,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. RFP Financial Group LLC purchased a new stake in shares of Sherwin-Williams in the fourth quarter worth approximately $26,000. Mitsubishi UFJ Morgan Stanley Securities Co. Ltd. bought a new position in shares of Sherwin-Williams in the fourth quarter valued at approximately $28,000. Capital Directions Investment Advisors LLC bought a new position in shares of Sherwin-Williams in the fourth quarter valued at approximately $31,000. Elequin Securities LLC bought a new position in shares of Sherwin-Williams in the fourth quarter valued at approximately $34,000. Finally, Householder Group Estate & Retirement Specialist LLC bought a new position in shares of Sherwin-Williams in the first quarter valued at approximately $36,000. 75.76% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

SHW has been the topic of several research analyst reports. Bank of America raised their price objective on shares of Sherwin-Williams from $244.00 to $270.00 in a research note on Wednesday, July 5th. Jefferies Financial Group upgraded shares of Sherwin-Williams from a “hold” rating to a “buy” rating and raised their price objective for the stock from $240.00 to $275.00 in a research note on Wednesday, May 24th. Deutsche Bank Aktiengesellschaft raised their price objective on shares of Sherwin-Williams from $260.00 to $265.00 in a research note on Thursday, April 27th. Barclays raised their price objective on shares of Sherwin-Williams from $220.00 to $240.00 in a research note on Thursday, April 27th. Finally, Loop Capital lifted their price target on shares of Sherwin-Williams from $285.00 to $290.00 in a research note on Friday, June 30th. Four analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $263.33.

Sherwin-Williams Stock Performance

Sherwin-Williams stock opened at $266.33 on Friday. The stock has a 50-day simple moving average of $246.51 and a 200 day simple moving average of $235.29. The company has a quick ratio of 0.57, a current ratio of 1.00 and a debt-to-equity ratio of 3.03. The Sherwin-Williams Company has a 12-month low of $195.24 and a 12-month high of $271.18. The stock has a market capitalization of $68.68 billion, a price-to-earnings ratio of 32.68, a P/E/G ratio of 2.79 and a beta of 1.10.

Sherwin-Williams (NYSE:SHW – Get Free Report) last released its quarterly earnings results on Tuesday, April 25th. The specialty chemicals company reported $2.04 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.84 by $0.20. Sherwin-Williams had a return on equity of 86.29% and a net margin of 9.41%. The business had revenue of $5.44 billion during the quarter, compared to analysts’ expectations of $5.14 billion. During the same period in the previous year, the business posted $1.61 earnings per share. The firm’s revenue for the quarter was up 8.9% compared to the same quarter last year. On average, research analysts anticipate that The Sherwin-Williams Company will post 8.73 earnings per share for the current fiscal year.

Sherwin-Williams Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, September 8th. Shareholders of record on Friday, August 18th will be issued a dividend of $0.605 per share. The ex-dividend date is Thursday, August 17th. This represents a $2.42 annualized dividend and a yield of 0.91%. Sherwin-Williams’s dividend payout ratio is currently 29.69%.

Sherwin-Williams Company Profile

(Free Report)

The Sherwin-Williams Company engages in the manufacture, distribution, and sale of paints, coating, and related products to professional, industrial, commercial, and retail customers. It operates through three segments: The Americas Group, Consumer Brands Group, and Performance Coatings Group. The Americas Group segment offers architectural paints and coatings, and protective and marine products, as well as OEM product finishes and related products for architectural and industrial paint contractors, and do-it-yourself homeowners.