UNIVEST FINANCIAL Corp raised its stake in shares of Sherwin-Williams Co (NYSE:SHW) by 1.5% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 5,127 shares of the specialty chemicals company’s stock after acquiring an additional 74 shares during the period. UNIVEST FINANCIAL Corp’s holdings in Sherwin-Williams were worth $2,962,000 as of its most recent SEC filing.
Several other institutional investors and hedge funds also recently made changes to their positions in the business. Meeder Asset Management Inc. increased its position in Sherwin-Williams by 9.4% in the 4th quarter. Meeder Asset Management Inc. now owns 221 shares of the specialty chemicals company’s stock worth $129,000 after buying an additional 19 shares during the period. Gateway Investment Advisers LLC increased its position in Sherwin-Williams by 3.6% in the 1st quarter. Gateway Investment Advisers LLC now owns 661 shares of the specialty chemicals company’s stock worth $304,000 after buying an additional 23 shares during the period. Peapack Gladstone Financial Corp increased its position in Sherwin-Williams by 4.3% in the 1st quarter. Peapack Gladstone Financial Corp now owns 588 shares of the specialty chemicals company’s stock worth $270,000 after buying an additional 24 shares during the period. Cox Capital Mgt LLC increased its position in Sherwin-Williams by 1.2% in the 2nd quarter. Cox Capital Mgt LLC now owns 1,982 shares of the specialty chemicals company’s stock worth $1,145,000 after buying an additional 24 shares during the period. Finally, Ipswich Investment Management Co. Inc. increased its position in shares of Sherwin-Williams by 5.5% during the first quarter. Ipswich Investment Management Co. Inc. now owns 476 shares of the specialty chemicals company’s stock valued at $219,000 after purchasing an additional 25 shares during the period. Institutional investors and hedge funds own 76.51% of the company’s stock.
In related news, COO David B. Sewell sold 5,752 shares of Sherwin-Williams stock in a transaction that occurred on Tuesday, May 19th. The shares were sold at an average price of $571.13, for a total value of $3,285,139.76. Following the completion of the transaction, the chief operating officer now owns 14,100 shares in the company, valued at $8,052,933. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Joel D. Baxter sold 6,830 shares of Sherwin-Williams stock in a transaction that occurred on Wednesday, May 27th. The stock was sold at an average price of $580.00, for a total transaction of $3,961,400.00. Following the completion of the transaction, the insider now owns 8,894 shares of the company’s stock, valued at approximately $5,158,520. The disclosure for this sale can be found here. Insiders sold 14,517 shares of company stock valued at $8,339,284 in the last 90 days. Company insiders own 0.55% of the company’s stock.
SHW traded down $7.92 during midday trading on Thursday, hitting $578.20. 42,540 shares of the company traded hands, compared to its average volume of 495,384. The company has a current ratio of 0.94, a quick ratio of 0.57 and a debt-to-equity ratio of 2.94. The company has a market capitalization of $53.46 billion, a price-to-earnings ratio of 33.86, a PEG ratio of 3.31 and a beta of 1.22. Sherwin-Williams Co has a 52-week low of $325.43 and a 52-week high of $603.36. The business has a 50 day simple moving average of $577.05 and a two-hundred day simple moving average of $546.28.
Sherwin-Williams (NYSE:SHW) last released its quarterly earnings data on Wednesday, April 29th. The specialty chemicals company reported $4.08 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $3.95 by $0.13. Sherwin-Williams had a net margin of 8.98% and a return on equity of 53.04%. The firm had revenue of $4.15 billion during the quarter, compared to analysts’ expectations of $4.11 billion. During the same period last year, the business earned $3.60 earnings per share. Sherwin-Williams’s revenue was up 2.6% compared to the same quarter last year. Equities research analysts anticipate that Sherwin-Williams Co will post 20.49 earnings per share for the current year.
SHW has been the topic of a number of research reports. Robert W. Baird boosted their price objective on Sherwin-Williams from $550.00 to $650.00 and gave the company an “outperform” rating in a research report on Wednesday, June 24th. Stifel Nicolaus reaffirmed a “hold” rating on shares of Sherwin-Williams in a research note on Thursday, April 30th. Morgan Stanley boosted their price target on Sherwin-Williams from $600.00 to $625.00 and gave the company an “overweight” rating in a research note on Thursday, June 25th. Loop Capital boosted their price target on Sherwin-Williams from $530.00 to $585.00 and gave the company a “buy” rating in a research note on Thursday, April 30th. Finally, Wells Fargo & Co boosted their price objective on Sherwin-Williams from $600.00 to $640.00 and gave the stock an “overweight” rating in a research note on Tuesday, June 23rd. Two analysts have rated the stock with a sell rating, twelve have assigned a hold rating, eleven have issued a buy rating and one has given a strong buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and an average price target of $586.57.
The Sherwin-Williams Company develops, manufactures, distributes, and sells paints, coatings, and related products to professional, industrial, commercial, and retail customers. It operates in three segments: The Americas Group, Consumer Brands Group, and Performance Coatings Group. The Americas Group segment offers architectural paints and coatings, and protective and marine products, as well as OEM product finishes and related products for architectural and industrial paint contractors and do-it-yourself homeowners.
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