The Sherwin-Williams Company (NYSE:SHW) Shares Purchased by Atlas Brown Inc.

Atlas Brown Inc. raised its position in shares of The Sherwin-Williams Company (NYSE:SHWGet Rating) by 9.1% during the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 2,705 shares of the specialty chemicals company’s stock after buying an additional 225 shares during the quarter. Atlas Brown Inc.’s holdings in Sherwin-Williams were worth $606,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of SHW. Renaissance Technologies LLC acquired a new stake in Sherwin-Williams during the fourth quarter valued at approximately $6,163,000. Alberta Investment Management Corp acquired a new stake in Sherwin-Williams during the fourth quarter valued at approximately $1,002,000. Clark Capital Management Group Inc. raised its position in shares of Sherwin-Williams by 9.1% during the 4th quarter. Clark Capital Management Group Inc. now owns 1,000 shares of the specialty chemicals company’s stock worth $352,000 after purchasing an additional 83 shares during the period. Rockefeller Capital Management L.P. raised its position in shares of Sherwin-Williams by 68.7% during the 4th quarter. Rockefeller Capital Management L.P. now owns 41,890 shares of the specialty chemicals company’s stock worth $14,751,000 after purchasing an additional 17,065 shares during the period. Finally, Blair William & Co. IL raised its position in shares of Sherwin-Williams by 1.1% during the 4th quarter. Blair William & Co. IL now owns 51,392 shares of the specialty chemicals company’s stock worth $18,098,000 after purchasing an additional 561 shares during the period. Institutional investors and hedge funds own 77.48% of the company’s stock.

Analyst Ratings Changes

A number of brokerages have recently weighed in on SHW. Deutsche Bank Aktiengesellschaft dropped their price target on Sherwin-Williams from $315.00 to $275.00 in a research report on Thursday, July 28th. Credit Suisse Group began coverage on Sherwin-Williams in a research report on Tuesday, May 31st. They set an “underperform” rating and a $245.00 price target on the stock. Evercore ISI dropped their price target on Sherwin-Williams to $305.00 in a research report on Thursday, June 9th. Northcoast Research upgraded Sherwin-Williams from a “neutral” rating to a “buy” rating and set a $300.00 price target on the stock in a research report on Tuesday, July 12th. Finally, Mizuho decreased their price objective on Sherwin-Williams from $310.00 to $294.00 and set a “buy” rating for the company in a report on Thursday, July 14th. One investment analyst has rated the stock with a sell rating, nine have given a hold rating and eight have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $310.39.

Sherwin-Williams Price Performance

NYSE SHW traded up $1.59 on Friday, reaching $209.64. 76,520 shares of the stock traded hands, compared to its average volume of 1,266,981. The firm’s fifty day simple moving average is $239.24 and its 200 day simple moving average is $247.96. The company has a quick ratio of 0.53, a current ratio of 0.87 and a debt-to-equity ratio of 3.86. The company has a market cap of $54.33 billion, a price-to-earnings ratio of 31.38, a P/E/G ratio of 2.06 and a beta of 1.05. The Sherwin-Williams Company has a 12 month low of $207.68 and a 12 month high of $354.15.

Sherwin-Williams (NYSE:SHWGet Rating) last issued its quarterly earnings results on Wednesday, July 27th. The specialty chemicals company reported $2.41 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.78 by ($0.37). The firm had revenue of $2.87 billion for the quarter, compared to the consensus estimate of $6.01 billion. Sherwin-Williams had a net margin of 8.45% and a return on equity of 82.04%. The business’s revenue for the quarter was down 46.6% compared to the same quarter last year. During the same period in the previous year, the business posted $2.65 earnings per share. As a group, research analysts predict that The Sherwin-Williams Company will post 8.64 EPS for the current fiscal year.

Sherwin-Williams Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, September 9th. Stockholders of record on Friday, August 19th were paid a dividend of $0.60 per share. This represents a $2.40 annualized dividend and a dividend yield of 1.14%. The ex-dividend date was Thursday, August 18th. Sherwin-Williams’s dividend payout ratio is presently 36.09%.

Sherwin-Williams Company Profile

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The Sherwin-Williams Company develops, manufactures, distributes, and sells paints, coatings, and related products to professional, industrial, commercial, and retail customers. It operates through 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.

Further Reading

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Institutional Ownership by Quarter for Sherwin-Williams (NYSE:SHW)

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