Raub Brock Capital Management LP boosted its position in shares of Sherwin-Williams Company (The) (NYSE:SHW) by 0.4% during the second quarter, according to its most recent filing with the SEC. The firm owned 47,601 shares of the specialty chemicals company’s stock after buying an additional 202 shares during the period. Sherwin-Williams Company (The) comprises 4.6% of Raub Brock Capital Management LP’s investment portfolio, making the stock its 4th largest position. Raub Brock Capital Management LP owned about 0.05% of Sherwin-Williams Company (The) worth $16,706,000 at the end of the most recent quarter.
A number of other hedge funds and other institutional investors have also recently bought and sold shares of SHW. Gilman Hill Asset Management LLC boosted its position in Sherwin-Williams Company (The) by 9.0% in the second quarter. Gilman Hill Asset Management LLC now owns 1,398 shares of the specialty chemicals company’s stock worth $491,000 after buying an additional 115 shares during the period. First Citizens Bank & Trust Co. boosted its position in Sherwin-Williams Company (The) by 2.5% in the second quarter. First Citizens Bank & Trust Co. now owns 1,189 shares of the specialty chemicals company’s stock worth $417,000 after buying an additional 29 shares during the period. Berkshire Money Management Inc. boosted its position in Sherwin-Williams Company (The) by 2.1% in the second quarter. Berkshire Money Management Inc. now owns 1,689 shares of the specialty chemicals company’s stock worth $593,000 after buying an additional 34 shares during the period. Barometer Capital Management Inc. boosted its position in Sherwin-Williams Company (The) by 9,600.0% in the second quarter. Barometer Capital Management Inc. now owns 38,800 shares of the specialty chemicals company’s stock worth $13,617,000 after buying an additional 38,400 shares during the period. Finally, Huntington National Bank boosted its position in Sherwin-Williams Company (The) by 2.4% in the second quarter. Huntington National Bank now owns 13,996 shares of the specialty chemicals company’s stock worth $4,912,000 after buying an additional 324 shares during the period. Institutional investors and hedge funds own 72.86% of the company’s stock.
Shares of Sherwin-Williams Company (NYSE SHW) traded up 0.31% during trading on Friday, reaching $335.07. 525,031 shares of the company’s stock were exchanged. Sherwin-Williams Company has a 12-month low of $239.48 and a 12-month high of $362.57. The stock has a 50-day moving average price of $352.80 and a 200 day moving average price of $326.37. 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 announced its quarterly earnings results on Thursday, July 20th. The specialty chemicals company reported $4.52 earnings per share (EPS) for the quarter, missing the consensus estimate of $4.54 by $0.02. The company had revenue of $3.74 billion during the quarter, compared to the consensus estimate of $3.83 billion. Sherwin-Williams Company (The) had a return on equity of 63.81% and a net margin of 9.14%. The company’s revenue for the quarter was up 16.0% on a year-over-year basis. During the same period last year, the business posted $4.06 EPS. Equities analysts expect that Sherwin-Williams Company will post $15.00 EPS for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Friday, September 8th. Investors of record on Friday, August 18th will be given a $0.85 dividend. This represents a $3.40 annualized dividend and a yield of 1.01%. The ex-dividend date of this dividend is Wednesday, August 16th. Sherwin-Williams Company (The)’s dividend payout ratio is currently 28.05%.
A number of research analysts have weighed in on the stock. BidaskClub cut shares of Sherwin-Williams Company (The) from a “hold” rating to a “sell” rating in a research report on Tuesday, August 1st. UBS AG reissued a “neutral” rating and set a $375.00 target price (up from $359.00) on shares of Sherwin-Williams Company (The) in a research note on Wednesday, July 26th. J P Morgan Chase & Co began coverage on shares of Sherwin-Williams Company (The) in a research note on Monday, July 24th. They set a “neutral” rating and a $365.00 target price for the company. Credit Suisse Group raised shares of Sherwin-Williams Company (The) to a “buy” rating and set a $375.00 target price for the company in a research note on Sunday, July 23rd. Finally, Northcoast Research reissued a “buy” rating on shares of Sherwin-Williams Company (The) in a research note on Wednesday, July 19th. Two research 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. Sherwin-Williams Company (The) currently has an average rating of “Hold” and a consensus price target of $360.10.
In related news, SVP Thomas P. Gilligan sold 6,350 shares of the firm’s stock in a transaction that occurred on Tuesday, May 9th. The stock was sold at an average price of $338.70, for a total value of $2,150,745.00. Following the sale, the senior vice president now directly owns 7,936 shares in the company, valued at approximately $2,687,923.20. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, insider Joel D. Baxter sold 5,470 shares of the firm’s stock in a transaction that occurred on Monday, May 15th. The shares were sold at an average price of $335.50, for a total value of $1,835,185.00. Following the completion of the sale, the insider now owns 8,523 shares in the company, valued at $2,859,466.50. The disclosure for this sale can be found here. 1.69% of the stock is owned by company insiders.
Sherwin-Williams Company (The) Company Profile
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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