Columbus Circle Investors Has $27.48 Million Position in Sherwin-Williams (SHW)

Columbus Circle Investors increased its stake in Sherwin-Williams (NYSE:SHW) by 2.3% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 70,086 shares of the specialty chemicals company’s stock after buying an additional 1,606 shares during the quarter. Columbus Circle Investors owned about 0.07% of Sherwin-Williams worth $27,482,000 as of its most recent SEC filing.

Several other large investors have also added to or reduced their stakes in the company. Checchi Capital Advisers LLC lifted its position in shares of Sherwin-Williams by 17.7% during the fourth quarter. Checchi Capital Advisers LLC now owns 982 shares of the specialty chemicals company’s stock worth $403,000 after purchasing an additional 148 shares during the last quarter. American Century Companies Inc. lifted its position in shares of Sherwin-Williams by 3.0% during the first quarter. American Century Companies Inc. now owns 5,552 shares of the specialty chemicals company’s stock worth $2,177,000 after purchasing an additional 161 shares during the last quarter. Bessemer Group Inc. lifted its position in shares of Sherwin-Williams by 17.2% during the fourth quarter. Bessemer Group Inc. now owns 1,123 shares of the specialty chemicals company’s stock worth $461,000 after purchasing an additional 165 shares during the last quarter. Univest Corp of Pennsylvania lifted its position in shares of Sherwin-Williams by 2.4% during the fourth quarter. Univest Corp of Pennsylvania now owns 7,199 shares of the specialty chemicals company’s stock worth $2,952,000 after purchasing an additional 171 shares during the last quarter. Finally, Aperio Group LLC lifted its position in shares of Sherwin-Williams by 0.3% during the first quarter. Aperio Group LLC now owns 66,514 shares of the specialty chemicals company’s stock worth $26,082,000 after purchasing an additional 174 shares during the last quarter. Institutional investors and hedge funds own 75.72% of the company’s stock.

In other Sherwin-Williams news, insider Peter J. Ippolito sold 750 shares of Sherwin-Williams stock in a transaction dated Wednesday, March 14th. The stock was sold at an average price of $409.26, for a total value of $306,945.00. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. 0.78% of the stock is owned by insiders.

Several research firms recently weighed in on SHW. Zacks Investment Research downgraded Sherwin-Williams from a “buy” rating to a “hold” rating in a report on Wednesday, April 4th. Citigroup lifted their price objective on Sherwin-Williams to $486.00 and gave the company a “buy” rating in a report on Friday, January 26th. Bank of America lifted their price objective on Sherwin-Williams from $435.00 to $470.00 and gave the company a “buy” rating in a report on Friday, January 26th. Royal Bank of Canada lifted their price objective on Sherwin-Williams to $485.00 and gave the company an “outperform” rating in a report on Monday, January 29th. Finally, Credit Suisse Group restated a “hold” rating and issued a $473.00 price objective on shares of Sherwin-Williams in a report on Wednesday, January 24th. One investment analyst has rated the stock with a sell rating, nine have assigned a hold rating, fifteen have issued a buy rating and one has assigned a strong buy rating to the stock. Sherwin-Williams has an average rating of “Buy” and an average target price of $437.90.

Sherwin-Williams opened at $380.23 on Friday, according to Marketbeat.com. Sherwin-Williams has a 1 year low of $376.87 and a 1 year high of $379.67. The company has a debt-to-equity ratio of 2.68, a quick ratio of 0.67 and a current ratio of 1.13. The stock has a market capitalization of $35.51 billion, a price-to-earnings ratio of 26.65, a P/E/G ratio of 1.72 and a beta of 1.17.

Sherwin-Williams (NYSE:SHW) last posted its earnings results on Tuesday, April 24th. The specialty chemicals company reported $3.57 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.16 by $0.41. Sherwin-Williams had a return on equity of 48.06% and a net margin of 11.02%. The company had revenue of $3.97 billion for the quarter, compared to analyst estimates of $3.94 billion. During the same quarter in the previous year, the firm earned $2.27 earnings per share. The firm’s quarterly revenue was up 43.6% compared to the same quarter last year. sell-side analysts predict that Sherwin-Williams will post 18.77 EPS for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Friday, June 1st. Shareholders of record on Friday, May 18th will be paid a $0.86 dividend. The ex-dividend date is Thursday, May 17th. This represents a $3.44 annualized dividend and a yield of 0.90%. Sherwin-Williams’s dividend payout ratio (DPR) is presently 24.11%.

Sherwin-Williams Company Profile

The Sherwin-Williams Company develops, manufactures, distributes, and sells paints, coatings, and related products to professional, industrial, commercial, and retail customers primarily in North and South America, the Caribbean, Europe, Asia, and Australia. The company operates in three segments: The Americas Group, Consumer Brands Group, and Performance Coatings Group.

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

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