Brookstone Capital Management Has $1.64 Million Stock Position in The Sherwin-Williams Company (NYSE:SHW)

Brookstone Capital Management grew its stake in shares of The Sherwin-Williams Company (NYSE:SHW) by 20.6% in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 4,732 shares of the specialty chemicals company’s stock after acquiring an additional 808 shares during the period. Brookstone Capital Management’s holdings in Sherwin-Williams were worth $1,644,000 at the end of the most recent quarter.

Other institutional investors also recently made changes to their positions in the company. First United Bank & Trust bought a new stake in Sherwin-Williams in the 4th quarter valued at $31,000. Tortoise Investment Management LLC increased its position 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 worth $33,000 after acquiring an additional 65 shares during the period. McGlone Suttner Wealth Management Inc. acquired a new stake in Sherwin-Williams in the 4th quarter worth about $35,000. Wetzel Investment Advisors Inc. bought a new stake in Sherwin-Williams in the 4th quarter valued at about $36,000. Finally, Tompkins Financial Corp increased its holdings in shares of Sherwin-Williams by 1,533.3% during the third quarter. Tompkins Financial Corp now owns 147 shares of the specialty chemicals company’s stock worth $37,000 after purchasing an additional 138 shares during the period. Institutional investors own 77.67% of the company’s stock.

Sherwin-Williams Price Performance

Shares of SHW opened at $298.45 on Friday. The company has a quick ratio of 0.46, a current ratio of 0.78 and a debt-to-equity ratio of 2.32. The stock has a market cap of $75.67 billion, a PE ratio of 31.82, a PEG ratio of 2.39 and a beta of 1.17. The Sherwin-Williams Company has a 12-month low of $232.06 and a 12-month high of $348.37. The business has a 50-day simple moving average of $305.09 and a two-hundred day simple moving average of $313.31.

Sherwin-Williams (NYSE:SHW) last issued its quarterly earnings data on Tuesday, April 23rd. The specialty chemicals company reported $2.17 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.22 by ($0.05). Sherwin-Williams had a net margin of 10.52% and a return on equity of 73.74%. The business had revenue of $5.37 billion during the quarter, compared to the consensus estimate of $5.50 billion. During the same quarter last year, the business earned $2.04 EPS. The firm’s quarterly revenue was down 1.4% compared to the same quarter last year. Analysts anticipate that The Sherwin-Williams Company will post 11.43 earnings per share for the current fiscal year.

Sherwin-Williams Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, June 7th. Investors of record on Friday, May 17th were paid a $0.715 dividend. This represents a $2.86 dividend on an annualized basis and a dividend yield of 0.96%. The ex-dividend date was Thursday, May 16th. Sherwin-Williams’s dividend payout ratio is currently 30.49%.

Wall Street Analysts Forecast Growth

Several equities research analysts recently issued reports on SHW shares. Loop Capital cut their price target on Sherwin-Williams from $395.00 to $380.00 and set a “buy” rating for the company in a research note on Wednesday, April 24th. UBS Group raised Sherwin-Williams from a “neutral” rating to a “buy” rating and increased their target price for the stock from $312.00 to $402.00 in a report on Thursday, March 7th. KeyCorp raised Sherwin-Williams from a “sector weight” rating to an “overweight” rating and set a $400.00 price target for the company in a research note on Thursday, April 25th. Royal Bank of Canada reduced their price objective on shares of Sherwin-Williams from $380.00 to $370.00 and set an “outperform” rating on the stock in a research note on Thursday, April 25th. Finally, JPMorgan Chase & Co. dropped their target price on shares of Sherwin-Williams from $317.00 to $315.00 and set an “overweight” rating for the company in a research report on Wednesday, April 24th. One analyst has rated the stock with a sell rating, seven have assigned a hold rating and twelve have issued a buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $343.41.

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.