Huntington National Bank Buys 324 Shares of Sherwin-Williams Company (The) (SHW)

Huntington National Bank increased its position in Sherwin-Williams Company (The) (NYSE:SHW) by 2.4% during the second quarter, Holdings Channel reports. The fund owned 13,996 shares of the specialty chemicals company’s stock after buying an additional 324 shares during the period. Huntington National Bank’s holdings in Sherwin-Williams Company (The) were worth $4,912,000 as of its most recent SEC filing.

Several other hedge funds also recently modified their holdings of SHW. American Beacon Advisors Inc. bought a new stake in shares of Sherwin-Williams Company (The) during the first quarter worth approximately $106,000. Barometer Capital Management Inc. bought a new stake in shares of Sherwin-Williams Company (The) during the first quarter worth approximately $124,000. Financial Architects Inc increased its stake in shares of Sherwin-Williams Company (The) by 218.4% in the first quarter. Financial Architects Inc now owns 433 shares of the specialty chemicals company’s stock worth $134,000 after buying an additional 297 shares during the last quarter. State of Alaska Department of Revenue bought a new stake in shares of Sherwin-Williams Company (The) during the first quarter worth approximately $139,000. Finally, Parallel Advisors LLC increased its stake in shares of Sherwin-Williams Company (The) by 2.6% in the first quarter. Parallel Advisors LLC now owns 432 shares of the specialty chemicals company’s stock worth $144,000 after buying an additional 11 shares during the last quarter. Hedge funds and other institutional investors own 72.78% of the company’s stock.

Shares of Sherwin-Williams Company (SHW) traded up 0.254% during trading on Monday, hitting $353.063. The company’s stock had a trading volume of 186,443 shares. The stock has a market cap of $32.78 billion, a PE ratio of 29.107 and a beta of 1.24. The company has a 50-day moving average price of $352.37 and a 200-day moving average price of $322.18. Sherwin-Williams Company has a one year low of $239.48 and a one year high of $362.57.

Sherwin-Williams Company (The) (NYSE:SHW) last posted its quarterly earnings results on Thursday, July 20th. The specialty chemicals company reported $4.52 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $4.54 by $0.02. Sherwin-Williams Company (The) had a net margin of 9.14% and a return on equity of 63.98%. The company had revenue of $3.74 billion for the quarter, compared to analyst estimates of $3.83 billion. During the same quarter in the previous year, the business posted $4.06 earnings per share. Sherwin-Williams Company (The)’s revenue was up 16.0% on a year-over-year basis. Equities analysts predict that Sherwin-Williams Company will post $14.77 EPS for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Friday, September 8th. Stockholders of record on Friday, August 18th will be given a dividend of $0.85 per share. The ex-dividend date of this dividend is Wednesday, August 16th. This represents a $3.40 dividend on an annualized basis and a dividend yield of 0.97%. Sherwin-Williams Company (The)’s payout ratio is 28.05%.

A number of analysts have recently commented on the company. UBS AG restated a “neutral” rating and issued a $341.00 target price (up previously from $312.00) on shares of Sherwin-Williams Company (The) in a research note on Tuesday, June 6th. Credit Suisse Group upgraded Sherwin-Williams Company (The) to a “buy” rating and set a $375.00 target price on the stock in a research note on Sunday. Royal Bank Of Canada reaffirmed a “buy” rating and issued a $350.00 price target on shares of Sherwin-Williams Company (The) in a report on Tuesday, March 28th. Citigroup Inc. reaffirmed a “buy” rating and issued a $410.00 price target on shares of Sherwin-Williams Company (The) in a report on Friday, June 23rd. Finally, Zacks Investment Research raised Sherwin-Williams Company (The) from a “hold” rating to a “buy” rating and set a $347.00 price target for the company in a report on Tuesday, March 28th. One equities research analyst has rated the stock with a sell rating, eight have assigned a hold rating and fifteen have assigned a buy rating to the company. The stock currently has a consensus rating of “Buy” and a consensus target price of $356.54.

In related news, SVP Thomas P. Gilligan sold 6,350 shares of Sherwin-Williams Company (The) stock in a transaction that occurred on Tuesday, May 9th. The stock was sold at an average price of $338.70, for a total transaction of $2,150,745.00. Following the completion of the transaction, the senior vice president now directly owns 7,936 shares in the company, valued at approximately $2,687,923.20. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Susan J. Kropf sold 2,000 shares of Sherwin-Williams Company (The) stock in a transaction that occurred on Friday, May 5th. The stock was sold at an average price of $338.93, for a total value of $677,860.00. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 24,320 shares of company stock valued at $8,181,290. Insiders own 1.69% of the company’s stock.

About Sherwin-Williams Company (The)

The Sherwin-Williams Company (Sherwin-Williams) is engaged in the development, manufacture, distribution and sale of paint, coatings and related products. The Company’s segments are Paint Stores Group, Consumer Group, Global Finishes Group, Latin America Coatings Group and Administrative. The Paint Stores Group markets and sells Sherwin-Williams branded architectural paint and coatings, protective and marine products, original equipment manufacturer (OEM) product finishes and related items.

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