Sand Hill Global Advisors LLC Acquires 10,777 Shares of Sherwin-Williams Co (SHW)

Sand Hill Global Advisors LLC lifted its holdings in shares of Sherwin-Williams Co (NYSE:SHW) by 1,079.9% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 11,775 shares of the specialty chemicals company’s stock after buying an additional 10,777 shares during the period. Sand Hill Global Advisors LLC’s holdings in Sherwin-Williams were worth $4,799,000 at the end of the most recent quarter.

Other institutional investors have also bought and sold shares of the company. Summit Trail Advisors LLC raised its holdings in shares of Sherwin-Williams by 37,388.4% in the 1st quarter. Summit Trail Advisors LLC now owns 113,215 shares of the specialty chemicals company’s stock valued at $113,000 after purchasing an additional 112,913 shares during the period. Prime Capital Investment Advisors LLC raised its holdings in shares of Sherwin-Williams by 129.4% in the 1st quarter. Prime Capital Investment Advisors LLC now owns 500 shares of the specialty chemicals company’s stock valued at $196,000 after purchasing an additional 282 shares during the period. BTIM Corp. bought a new stake in shares of Sherwin-Williams in the 2nd quarter valued at about $201,000. Cumberland Partners Ltd bought a new stake in shares of Sherwin-Williams in the 2nd quarter valued at about $203,000. Finally, New England Research & Management Inc. bought a new position in Sherwin-Williams in the 2nd quarter valued at about $204,000. Institutional investors own 78.94% of the company’s stock.

In other news, Director Susan J. Kropf sold 995 shares of the firm’s stock in a transaction that occurred on Thursday, July 26th. The shares were sold at an average price of $445.43, for a total transaction of $443,202.85. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Chairman John G. Morikis sold 20,946 shares of the firm’s stock in a transaction that occurred on Thursday, July 26th. The stock was sold at an average price of $439.30, for a total transaction of $9,201,577.80. Following the transaction, the chairman now directly owns 104,907 shares in the company, valued at $46,085,645.10. The disclosure for this sale can be found here. Insiders have sold 29,695 shares of company stock worth $13,084,776 over the last ninety days. Insiders own 0.78% of the company’s stock.

Several research analysts have weighed in on the stock. Zacks Investment Research cut shares of Sherwin-Williams from a “buy” rating to a “hold” rating in a report on Tuesday, August 7th. Seaport Global Securities reissued a “buy” rating and issued a $475.00 price target on shares of Sherwin-Williams in a report on Friday, July 27th. Northcoast Research reissued a “buy” rating and issued a $465.00 price target on shares of Sherwin-Williams in a report on Friday, July 27th. ValuEngine raised shares of Sherwin-Williams from a “hold” rating to a “buy” rating in a report on Thursday, July 26th. Finally, Bank of America increased their price target on shares of Sherwin-Williams from $470.00 to $500.00 and gave the company a “buy” rating in a report on Wednesday, July 25th. Eight investment analysts have rated the stock with a hold rating, fifteen have given a buy rating and one has given a strong buy rating to the stock. The stock has an average rating of “Buy” and an average target price of $461.60.

Shares of SHW opened at $447.39 on Monday. Sherwin-Williams Co has a 12 month low of $332.61 and a 12 month high of $450.83. The company has a market cap of $41.78 billion, a PE ratio of 31.35, a price-to-earnings-growth ratio of 1.95 and a beta of 1.22. The company has a current ratio of 1.20, a quick ratio of 0.75 and a debt-to-equity ratio of 2.59.

Sherwin-Williams (NYSE:SHW) last announced its earnings results on Tuesday, July 24th. The specialty chemicals company reported $5.73 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $5.59 by $0.14. Sherwin-Williams had a net margin of 10.84% and a return on equity of 46.68%. The company had revenue of $4.77 billion for the quarter, compared to analysts’ expectations of $4.65 billion. During the same period last year, the firm earned $4.52 earnings per share. The business’s revenue for the quarter was up 27.8% on a year-over-year basis. equities analysts predict that Sherwin-Williams Co will post 19.27 EPS for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Friday, September 7th. Stockholders of record on Friday, August 17th will be issued a dividend of $0.86 per share. The ex-dividend date of this dividend is Thursday, August 16th. This represents a $3.44 annualized dividend and a dividend yield of 0.77%. Sherwin-Williams’s dividend payout ratio is presently 24.11%.

Sherwin-Williams 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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