Dimensional Fund Advisors LP increased its position in Sherwin-Williams Co. (NYSE:SHW) by 3.7% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 169,442 shares of the company’s stock after buying an additional 6,073 shares during the period. Dimensional Fund Advisors LP owned 0.18% of Sherwin-Williams worth $49,757,000 at the end of the most recent reporting period.
Several other institutional investors also recently modified their holdings of SHW. BB&T Securities LLC boosted its stake in shares of Sherwin-Williams by 15.1% in the first quarter. BB&T Securities LLC now owns 5,979 shares of the company’s stock worth $1,701,000 after buying an additional 786 shares during the period. 1832 Asset Management L.P. purchased a new stake in shares of Sherwin-Williams during the first quarter worth approximately $6,216,000. Canada Pension Plan Investment Board boosted its stake in shares of Sherwin-Williams by 23.5% in the first quarter. Canada Pension Plan Investment Board now owns 126,993 shares of the company’s stock worth $36,151,000 after buying an additional 24,196 shares during the period. Meiji Yasuda Asset Management Co Ltd. boosted its stake in shares of Sherwin-Williams by 6.5% in the first quarter. Meiji Yasuda Asset Management Co Ltd. now owns 3,458 shares of the company’s stock worth $984,000 after buying an additional 210 shares during the period. Finally, AMF Pensionsforsakring AB boosted its stake in shares of Sherwin-Williams by 7.0% in the first quarter. AMF Pensionsforsakring AB now owns 165,641 shares of the company’s stock worth $47,153,000 after buying an additional 10,830 shares during the period. Institutional investors own 74.62% of the company’s stock.
Shares of Sherwin-Williams Co. (NYSE:SHW) opened at 272.00 on Monday. The firm has a 50 day moving average price of $280.39 and a 200 day moving average price of $290.49. The company has a market capitalization of $24.97 billion, a price-to-earnings ratio of 22.94 and a beta of 0.92. Sherwin-Williams Co. has a 52 week low of $234.96 and a 52 week high of $312.48.
Sherwin-Williams (NYSE:SHW) last posted its quarterly earnings results on Thursday, July 21st. The company reported $4.06 earnings per share for the quarter, missing the consensus estimate of $4.16 by $0.10. The company earned $3.22 billion during the quarter, compared to analysts’ expectations of $3.28 billion. Sherwin-Williams had a return on equity of 110.16% and a net margin of 9.50%. The business’s quarterly revenue was up 2.8% on a year-over-year basis. During the same quarter in the previous year, the company earned $3.70 EPS. Equities analysts forecast that Sherwin-Williams Co. will post $12.64 EPS for the current year.
A number of equities research analysts have commented on SHW shares. Wells Fargo & Co. started coverage on Sherwin-Williams in a research note on Wednesday, September 28th. They issued a “market perform” rating for the company. Zacks Investment Research raised Sherwin-Williams from a “hold” rating to a “buy” rating and set a $317.00 price objective for the company in a research note on Monday, September 26th. Sterne Agee CRT raised Sherwin-Williams from a “neutral” rating to a “buy” rating in a research note on Thursday, August 25th. Credit Agricole SA reaffirmed a “buy” rating and set a $350.00 target price on shares of Sherwin-Williams in a research report on Wednesday, September 14th. Finally, Morgan Stanley reaffirmed a “buy” rating on shares of Sherwin-Williams in a research report on Thursday, June 16th. Three analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company. The company currently has a consensus rating of “Buy” and an average target price of $324.31.
In other Sherwin-Williams news, insider Joel D. Baxter sold 3,853 shares of the stock in a transaction on Friday, August 5th. The stock was sold at an average price of $300.16, for a total transaction of $1,156,516.48. Following the sale, the insider now directly owns 8,347 shares in the company, valued at approximately $2,505,435.52. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CEO John G. Morikis sold 30,353 shares of the stock in a transaction on Monday, August 1st. The shares were sold at an average price of $298.75, for a total value of $9,067,958.75. Following the sale, the chief executive officer now owns 119,804 shares in the company, valued at $35,791,445. The disclosure for this sale can be found here. Company insiders own 1.89% of the company’s stock.
Sherwin-Williams Company Profile
The Sherwin-Williams Company is engaged in the development, manufacture, distribution and sale of paint, coatings and related products. The Company has four operating segments: Paint Stores Group, Consumer Group, Global Finishes Group and Latin America Coatings Group. The Paint Stores Group markets and sells architectural paint and coatings, protective and marine products, original equipment manufacturer (OEM) product finishes and related items.
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