CrestPoint Capital Management LLC held its position in shares of Sherwin-Williams Company (The) (NYSE:SHW) during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,100 shares of the specialty chemicals company’s stock at the end of the second quarter. CrestPoint Capital Management LLC’s holdings in Sherwin-Williams Company (The) were worth $737,000 at the end of the most recent quarter.
A number of other hedge funds and other institutional investors also recently made changes to their positions in the company. CENTRAL TRUST Co raised its position in shares of Sherwin-Williams Company (The) by 39.4% in the first quarter. CENTRAL TRUST Co now owns 2,510 shares of the specialty chemicals company’s stock valued at $779,000 after buying an additional 710 shares in the last quarter. Rathbone Brothers plc bought a new position in shares of Sherwin-Williams Company (The) during the first quarter valued at $21,775,000. Chevy Chase Trust Holdings Inc. raised its position in shares of Sherwin-Williams Company (The) by 3.8% in the first quarter. Chevy Chase Trust Holdings Inc. now owns 70,180 shares of the specialty chemicals company’s stock valued at $21,769,000 after buying an additional 2,583 shares in the last quarter. Toth Financial Advisory Corp raised its position in shares of Sherwin-Williams Company (The) by 5.9% in the first quarter. Toth Financial Advisory Corp now owns 7,425 shares of the specialty chemicals company’s stock valued at $2,303,000 after buying an additional 411 shares in the last quarter. Finally, Macquarie Group Ltd. raised its position in shares of Sherwin-Williams Company (The) by 97.7% in the fourth quarter. Macquarie Group Ltd. now owns 27,861 shares of the specialty chemicals company’s stock valued at $7,487,000 after buying an additional 13,767 shares in the last quarter. 72.86% of the stock is owned by institutional investors.
Shares of Sherwin-Williams Company (NYSE SHW) opened at 335.07 on Friday. The firm’s 50 day moving average is $352.80 and its 200-day moving average is $326.37. Sherwin-Williams Company has a 52-week low of $239.48 and a 52-week high of $362.57. The company has a market capitalization of $31.11 billion, a P/E ratio of 27.62 and a beta of 1.23.
Sherwin-Williams Company (The) (NYSE:SHW) last posted its earnings results on Thursday, July 20th. The specialty chemicals company reported $4.52 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $4.54 by $0.02. Sherwin-Williams Company (The) had a return on equity of 63.81% and a net margin of 9.14%. The firm had revenue of $3.74 billion during the quarter, compared to the consensus estimate of $3.83 billion. During the same period in the previous year, the company posted $4.06 EPS. The firm’s revenue for the quarter was up 16.0% compared to the same quarter last year. Equities research analysts anticipate that Sherwin-Williams Company will post $15.00 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Friday, September 8th. Stockholders of record on Friday, August 18th will be issued a $0.85 dividend. This represents a $3.40 annualized dividend and a dividend yield of 1.01%. The ex-dividend date is Wednesday, August 16th. Sherwin-Williams Company (The)’s payout ratio is 28.05%.
SHW has been the subject of several research reports. Zacks Investment Research lowered shares of Sherwin-Williams Company (The) from a “buy” rating to a “hold” rating in a report on Monday, May 22nd. Jefferies Group LLC initiated coverage on shares of Sherwin-Williams Company (The) in a report on Friday, May 26th. They issued a “hold” rating and a $364.00 price target for the company. BidaskClub lowered shares of Sherwin-Williams Company (The) from a “buy” rating to a “hold” rating in a report on Monday, July 24th. UBS AG reaffirmed a “neutral” rating and issued a $375.00 price target (up from $359.00) on shares of Sherwin-Williams Company (The) in a report on Wednesday, July 26th. Finally, Northcoast Research reaffirmed a “buy” rating on shares of Sherwin-Williams Company (The) in a report on Wednesday, July 19th. Two analysts have rated the stock with a sell rating, eight have assigned a hold rating and thirteen have given a buy rating to the stock. The stock presently has an average rating of “Hold” and a consensus target price of $360.10.
In related news, insider Joel D. Baxter sold 5,470 shares of the company’s stock in a transaction dated Monday, May 15th. The shares were sold at an average price of $335.50, for a total transaction of $1,835,185.00. Following the transaction, the insider now owns 8,523 shares in the company, valued at approximately $2,859,466.50. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, SVP Thomas P. Gilligan sold 6,350 shares of the company’s stock in a transaction dated 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 transaction, the senior vice president now owns 7,936 shares in the company, valued at approximately $2,687,923.20. The disclosure for this sale can be found here. 1.69% of the stock is currently owned by corporate insiders.
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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