Greatmark Investment Partners Inc. held its position in shares of Sherwin-Williams Co. (NYSE:SHW) during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 1,020 shares of the company’s stock at the end of the second quarter. Greatmark Investment Partners Inc.’s holdings in Sherwin-Williams were worth $300,000 at the end of the most recent reporting period.
A number of other institutional investors have also made changes to their positions in SHW. Cypress Capital Group boosted its position in Sherwin-Williams by 0.4% in the first quarter. Cypress Capital Group now owns 3,207 shares of the company’s stock valued at $913,000 after buying an additional 13 shares in the last quarter. Alpha Windward LLC boosted its position in Sherwin-Williams by 1.7% in the second quarter. Alpha Windward LLC now owns 778 shares of the company’s stock valued at $228,000 after buying an additional 13 shares in the last quarter. Chicago Equity Partners LLC boosted its position in Sherwin-Williams by 0.6% in the second quarter. Chicago Equity Partners LLC now owns 2,430 shares of the company’s stock valued at $714,000 after buying an additional 15 shares in the last quarter. Checchi Capital Advisers LLC boosted its position in Sherwin-Williams by 2.5% in the second quarter. Checchi Capital Advisers LLC now owns 741 shares of the company’s stock valued at $218,000 after buying an additional 18 shares in the last quarter. Finally, Private Trust Co. NA boosted its position in Sherwin-Williams by 0.4% in the second quarter. Private Trust Co. NA now owns 8,265 shares of the company’s stock valued at $2,427,000 after buying an additional 33 shares in the last quarter. 74.62% of the stock is currently owned by institutional investors and hedge funds.
Sherwin-Williams Co. (NYSE:SHW) traded up 0.47% during mid-day trading on Tuesday, hitting $270.85. 419,245 shares of the stock were exchanged. Sherwin-Williams Co. has a 52 week low of $234.96 and a 52 week high of $312.48. The stock has a market capitalization of $24.86 billion, a PE ratio of 22.84 and a beta of 0.92. The company has a 50-day moving average of $277.21 and a 200-day moving average of $289.92.
Sherwin-Williams (NYSE:SHW) last released its quarterly earnings results on Thursday, July 21st. The company reported $4.06 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $4.16 by $0.10. Sherwin-Williams had a return on equity of 110.16% and a net margin of 9.50%. The business earned $3.22 billion during the quarter, compared to the consensus estimate of $3.28 billion. During the same quarter in the previous year, the business posted $3.70 earnings per share. The firm’s revenue was up 2.8% on a year-over-year basis. On average, equities analysts predict that Sherwin-Williams Co. will post $12.64 EPS for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Friday, December 2nd. Shareholders of record on Friday, November 18th will be given a $0.84 dividend. This represents a $3.36 annualized dividend and a yield of 1.24%. Sherwin-Williams’s payout ratio is presently 28.84%.
Several research firms have commented on SHW. Argus raised shares of Sherwin-Williams from a “hold” rating to a “buy” rating and set a $300.00 target price on the stock in a research report on Monday, October 10th. Wells Fargo & Co. started coverage on shares of Sherwin-Williams in a research note on Wednesday, September 28th. They set a “market perform” rating for the company. Zacks Investment Research upgraded shares of Sherwin-Williams from a “hold” rating to a “buy” rating and set a $317.00 price target for the company in a research note on Monday, September 26th. Credit Agricole SA restated a “buy” rating and set a $350.00 price target on shares of Sherwin-Williams in a research note on Wednesday, September 14th. Finally, Sterne Agee CRT upgraded shares of Sherwin-Williams from a “neutral” rating to a “buy” rating in a research note on Thursday, August 25th. Three research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company. The company currently has a consensus rating of “Buy” and an average price target of $324.85.
In other Sherwin-Williams news, CEO John G. Morikis sold 30,353 shares of the stock in a transaction that occurred 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 transaction, the chief executive officer now directly owns 119,804 shares in the company, valued at $35,791,445. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Joel D. Baxter sold 3,853 shares of the stock in a transaction that occurred 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 completion of the transaction, the insider now owns 8,347 shares in the company, valued at $2,505,435.52. The disclosure for this sale can be found here. 1.89% of the stock is currently owned by company insiders.
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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