Huntington National Bank increased its position in shares of Sherwin-Williams Co (NYSE:SHW) by 2.4% during the second quarter, according to its most recent Form 13F filing with the SEC. 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 were worth $4,912,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors also recently modified their holdings of the company. First Citizens Bank & Trust Co. boosted its position in shares of Sherwin-Williams by 0.3% in the first quarter. First Citizens Bank & Trust Co. now owns 1,160 shares of the specialty chemicals company’s stock worth $360,000 after buying an additional 3 shares during the period. Dynamic Advisors Solutions LLC raised its stake in Sherwin-Williams by 1.2% in the second quarter. Dynamic Advisors Solutions LLC now owns 684 shares of the specialty chemicals company’s stock valued at $240,000 after buying an additional 8 shares in the last quarter. Alpha Windward LLC raised its stake in shares of Sherwin-Williams by 1.3% in the first quarter. Alpha Windward LLC now owns 826 shares of the specialty chemicals company’s stock worth $256,000 after buying an additional 11 shares during the period. Parallel Advisors LLC raised its stake in shares of Sherwin-Williams 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 period. Finally, Meridian Wealth Management LLC raised its stake in shares of Sherwin-Williams by 0.8% in the first quarter. Meridian Wealth Management LLC now owns 1,316 shares of the specialty chemicals company’s stock worth $408,000 after buying an additional 11 shares during the period. 72.92% of the stock is owned by institutional investors.
Shares of Sherwin-Williams Co (NYSE:SHW) opened at 332.04 on Friday. Sherwin-Williams Co has a 52 week low of $239.48 and a 52 week high of $362.57. The firm has a market capitalization of $30.83 billion, a PE ratio of 27.37 and a beta of 1.23. The stock has a 50 day moving average of $348.87 and a 200-day moving average of $327.97.
Sherwin-Williams (NYSE:SHW) last released its quarterly earnings data on Thursday, July 20th. The specialty chemicals company reported $4.52 EPS for the quarter, missing the Zacks’ consensus estimate of $4.54 by $0.02. Sherwin-Williams had a return on equity of 64.92% and a net margin of 9.65%. The company had revenue of $3.74 billion for the quarter, compared to the consensus estimate of $3.83 billion. During the same period last year, the firm earned $4.06 earnings per share. The company’s revenue for the quarter was up 16.0% compared to the same quarter last year. Equities analysts anticipate that Sherwin-Williams Co will post $15.00 earnings per share for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, September 8th. Shareholders 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 yield of 1.02%. Sherwin-Williams’s dividend payout ratio (DPR) is 28.05%.
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A number of equities analysts have recently commented on SHW shares. Northcoast Research reissued a “buy” rating on shares of Sherwin-Williams in a research note on Wednesday, July 19th. Vertical Research reaffirmed a “hold” rating and set a $335.00 price target (up previously from $316.00) on shares of Sherwin-Williams in a research note on Monday, June 26th. Citigroup Inc. reaffirmed a “buy” rating and set a $410.00 price target on shares of Sherwin-Williams in a research note on Friday, June 23rd. UBS AG reissued a “neutral” rating and set a $375.00 price objective (up from $359.00) on shares of Sherwin-Williams in a report on Wednesday, July 26th. Finally, Credit Suisse Group raised shares of Sherwin-Williams to a “buy” rating and set a $375.00 price objective for the company in a report on Sunday, July 23rd. Two analysts have rated the stock with a sell rating, eight have issued a hold rating and thirteen have assigned a buy rating to the company. The company presently has an average rating of “Hold” and a consensus target price of $360.10.
In other Sherwin-Williams news, insider Joel D. Baxter sold 5,470 shares of Sherwin-Williams stock in a transaction on 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 completion of the transaction, the insider now directly owns 8,523 shares of the company’s stock, valued at $2,859,466.50. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Insiders own 1.69% of the company’s stock.
Sherwin-Williams 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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