Quantitative Systematic Strategies LLC increased its position in shares of Sherwin-Williams Co. (NYSE:SHW) by 7.8% during the second quarter, Holdings Channel reports. The fund owned 5,407 shares of the company’s stock after buying an additional 389 shares during the period. Sherwin-Williams makes up about 0.7% of Quantitative Systematic Strategies LLC’s portfolio, making the stock its 15th largest position. Quantitative Systematic Strategies LLC’s holdings in Sherwin-Williams were worth $1,570,000 at the end of the most recent quarter.
A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in SHW. Strs Ohio boosted its position in Sherwin-Williams by 15.5% in the second quarter. Strs Ohio now owns 243,129 shares of the company’s stock worth $71,399,000 after buying an additional 32,679 shares during the last quarter. Legal & General Group Plc boosted its position in Sherwin-Williams by 3.4% in the first quarter. Legal & General Group Plc now owns 326,858 shares of the company’s stock worth $93,044,000 after buying an additional 10,661 shares during the last quarter. Boston Advisors LLC bought a new position in Sherwin-Williams during the second quarter worth $20,017,000. HL Financial Services LLC boosted its position in Sherwin-Williams by 4.0% in the second quarter. HL Financial Services LLC now owns 58,196 shares of the company’s stock worth $17,092,000 after buying an additional 2,231 shares during the last quarter. Finally, Wagner Bowman Management Corp bought a new position in Sherwin-Williams during the second quarter worth $323,000. Hedge funds and other institutional investors own 74.62% of the company’s stock.
Sherwin-Williams Co. (NYSE:SHW) traded down 1.94% during mid-day trading on Friday, reaching $268.74. 2,334,723 shares of the company were exchanged. The stock has a market capitalization of $24.67 billion, a price-to-earnings ratio of 22.66 and a beta of 0.92. The stock has a 50 day moving average of $280.95 and a 200-day moving average of $290.52. Sherwin-Williams Co. has a one year low of $234.96 and a one year high of $312.48.
Sherwin-Williams (NYSE:SHW) last announced its earnings results 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. Sherwin-Williams had a net margin of 9.50% and a return on equity of 110.16%. The business had revenue of $3.22 billion for the quarter, compared to analysts’ expectations of $3.28 billion. During the same quarter last year, the business earned $3.70 EPS. The company’s quarterly revenue was up 2.8% on a year-over-year basis. On average, equities analysts expect that Sherwin-Williams Co. will post $12.64 earnings per share for the current fiscal year.
The firm also recently announced a quarterly dividend, which was paid on Friday, September 9th. Stockholders of record on Friday, August 19th were given a dividend of $0.84 per share. The ex-dividend date of this dividend was Wednesday, August 17th. This represents a $3.36 dividend on an annualized basis and a dividend yield of 1.23%. Sherwin-Williams’s dividend payout ratio (DPR) is 28.84%.
A number of research analysts have weighed in on SHW shares. Wells Fargo & Co. started coverage on shares of Sherwin-Williams in a research note on Wednesday, September 28th. They issued a “market perform” rating on the stock. Zacks Investment Research upgraded shares of Sherwin-Williams from a “hold” rating to a “buy” rating and set a $317.00 target price on the stock in a research note on Monday, September 26th. Sterne Agee CRT upgraded shares of Sherwin-Williams from a “neutral” rating to a “buy” rating in a research note on Thursday, August 25th. Credit Agricole SA reiterated a “buy” rating and issued a $350.00 target price on shares of Sherwin-Williams in a research note on Wednesday, September 14th. Finally, Morgan Stanley reiterated a “buy” rating on shares of Sherwin-Williams in a research note on Thursday, June 16th. Four research analysts have rated the stock with a hold rating and twelve have given a buy rating to the stock. The company has an average rating of “Buy” and a consensus price target of $324.31.
In other Sherwin-Williams news, CEO John G. Morikis sold 30,353 shares of the firm’s stock in a transaction on Monday, August 1st. The stock was 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 in the company, valued at approximately $35,791,445. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Joel D. Baxter sold 3,853 shares of the firm’s stock in a transaction on Friday, August 5th. The shares were sold at an average price of $300.16, for a total value of $1,156,516.48. Following the completion of the transaction, the insider now owns 8,347 shares in the company, valued at approximately $2,505,435.52. The disclosure for this sale can be found here. Insiders own 1.89% of the company’s stock.
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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