MU Investments Co. Ltd. decreased its position in shares of Sherwin-Williams Co. (NYSE:SHW) by 38.3% during the second quarter, Holdings Channel reports. The firm owned 740 shares of the company’s stock after selling 460 shares during the period. MU Investments Co. Ltd.’s holdings in Sherwin-Williams were worth $215,000 at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors have also recently bought and sold shares of SHW. Acadian Asset Management LLC boosted its position in Sherwin-Williams by 3,771.4% in the first quarter. Acadian Asset Management LLC now owns 2,168 shares of the company’s stock worth $617,000 after buying an additional 2,112 shares during the period. Glenmede Trust Co. NA raised its stake in shares of Sherwin-Williams by 4.6% in the first quarter. Glenmede Trust Co. NA now owns 51,358 shares of the company’s stock worth $14,619,000 after buying an additional 2,270 shares in the last quarter. Investment Centers of America Inc. bought a new stake in shares of Sherwin-Williams during the first quarter worth about $261,000. Apex Capital Management raised its stake in shares of Sherwin-Williams by 0.4% in the first quarter. Apex Capital Management now owns 3,149 shares of the company’s stock worth $896,000 after buying an additional 11 shares in the last quarter. Finally, Aperio Group LLC raised its stake in shares of Sherwin-Williams by 9.1% in the first quarter. Aperio Group LLC now owns 37,361 shares of the company’s stock worth $10,636,000 after buying an additional 3,103 shares in the last quarter. Institutional investors and hedge funds own 74.62% of the company’s stock.
Sherwin-Williams Co. (NYSE:SHW) traded up 0.74% during trading on Tuesday, hitting $282.38. 430,213 shares of the stock traded hands. The company has a market cap of $25.92 billion, a P/E ratio of 23.81 and a beta of 0.87. Sherwin-Williams Co. has a 12 month low of $218.27 and a 12 month high of $312.48. The company’s 50 day moving average price is $285.13 and its 200 day moving average price is $291.13.
Sherwin-Williams (NYSE:SHW) last issued its quarterly earnings data on Thursday, July 21st. The company reported $4.06 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $4.16 by $0.10. The business had revenue of $3.22 billion for the quarter, compared to analyst estimates of $3.28 billion. Sherwin-Williams had a return on equity of 110.16% and a net margin of 9.50%. The firm’s revenue for the quarter was up 2.8% compared to the same quarter last year. During the same period in the previous year, the business posted $3.70 earnings per share. On average, equities research analysts anticipate that Sherwin-Williams Co. will post $12.64 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which was paid on Friday, September 9th. Investors of record on Friday, August 19th were issued a dividend of $0.84 per share. This represents a $3.36 dividend on an annualized basis and a yield of 1.19%. The ex-dividend date of this dividend was Wednesday, August 17th. Sherwin-Williams’s dividend payout ratio (DPR) is 28.84%.
A number of analysts recently weighed in on the stock. Credit Agricole SA reaffirmed a “buy” rating and issued a $350.00 price objective on shares of Sherwin-Williams in a research note on Wednesday, September 14th. Zacks Investment Research raised shares of Sherwin-Williams from a “sell” rating to a “hold” rating in a research note on Tuesday, July 12th. Seaport Global Securities lowered shares of Sherwin-Williams from an “accumulate” rating to a “neutral” rating and set a $320.00 price objective for the company. in a research note on Monday, July 11th. Sterne Agee CRT raised shares of Sherwin-Williams from a “neutral” rating to a “buy” rating in a research note on Thursday, August 25th. Finally, Morgan Stanley reaffirmed an “overweight” rating and issued a $322.00 price objective on shares of Sherwin-Williams in a research note on Wednesday, July 20th. Three investment analysts have rated the stock with a hold rating and twelve have given a buy rating to the stock. Sherwin-Williams currently has a consensus rating of “Buy” and an average target price of $324.31.
In related news, insider Joel D. Baxter sold 3,853 shares of the firm’s stock in a transaction dated 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 completion of the transaction, 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 Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO John G. Morikis sold 30,353 shares of the firm’s stock in a transaction dated 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 transaction, the chief executive officer now owns 119,804 shares of the company’s stock, valued at $35,791,445. The disclosure for this sale can be found here. Corporate 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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