Jacobsen Capital Management Takes $1.17 Million Position in Sherwin-Williams Co (NYSE:SHW)

Jacobsen Capital Management acquired a new stake in shares of Sherwin-Williams Co (NYSE:SHW) in the second quarter, HoldingsChannel.com reports. The fund acquired 2,555 shares of the specialty chemicals company’s stock, valued at approximately $1,170,000. Sherwin-Williams accounts for 1.2% of Jacobsen Capital Management’s holdings, making the stock its 21st biggest position.

Other large investors also recently added to or reduced their stakes in the company. Fifth Third Bancorp increased its holdings in shares of Sherwin-Williams by 2.2% during the first quarter. Fifth Third Bancorp now owns 97,612 shares of the specialty chemicals company’s stock valued at $42,042,000 after acquiring an additional 2,103 shares in the last quarter. First Citizens Bank & Trust Co. increased its holdings in Sherwin-Williams by 9.5% in the 2nd quarter. First Citizens Bank & Trust Co. now owns 2,888 shares of the specialty chemicals company’s stock worth $1,324,000 after buying an additional 251 shares in the last quarter. Capital Innovations LLC bought a new stake in Sherwin-Williams in the 1st quarter worth about $215,000. WCM Investment Management LLC increased its holdings in Sherwin-Williams by 1.1% in the 1st quarter. WCM Investment Management LLC now owns 184,217 shares of the specialty chemicals company’s stock worth $79,345,000 after buying an additional 2,054 shares in the last quarter. Finally, Baxter Bros Inc. increased its holdings in Sherwin-Williams by 5.3% in the 1st quarter. Baxter Bros Inc. now owns 13,006 shares of the specialty chemicals company’s stock worth $5,602,000 after buying an additional 657 shares in the last quarter. 76.05% of the stock is owned by hedge funds and other institutional investors.

In other news, Director Susan J. Kropf sold 1,000 shares of Sherwin-Williams stock in a transaction dated Friday, June 14th. The stock was sold at an average price of $478.11, for a total transaction of $478,110.00. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, insider Robert F. Lynch sold 2,227 shares of Sherwin-Williams stock in a transaction dated Friday, June 14th. The shares were sold at an average price of $473.48, for a total value of $1,054,439.96. Following the transaction, the insider now directly owns 8,314 shares in the company, valued at $3,936,512.72. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 31,608 shares of company stock valued at $15,329,391. Corporate insiders own 0.50% of the company’s stock.

Shares of Sherwin-Williams stock traded up $6.89 during trading hours on Friday, reaching $527.09. 13,556 shares of the stock traded hands, compared to its average volume of 652,039. The company has a 50 day moving average price of $486.08 and a 200 day moving average price of $451.85. The firm has a market capitalization of $48.51 billion, a price-to-earnings ratio of 28.46, a P/E/G ratio of 2.07 and a beta of 1.28. Sherwin-Williams Co has a one year low of $355.28 and a one year high of $527.00. The company has a quick ratio of 0.50, a current ratio of 0.80 and a debt-to-equity ratio of 2.29.

Sherwin-Williams (NYSE:SHW) last released its quarterly earnings results on Tuesday, July 23rd. The specialty chemicals company reported $6.57 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $6.35 by $0.22. The business had revenue of $4.88 billion during the quarter, compared to the consensus estimate of $4.94 billion. Sherwin-Williams had a return on equity of 48.92% and a net margin of 6.61%. The business’s quarterly revenue was up 2.2% compared to the same quarter last year. During the same period in the previous year, the company posted $5.73 EPS. Sell-side analysts anticipate that Sherwin-Williams Co will post 21.1 earnings per share for the current year.

The company also recently declared a quarterly dividend, which will be paid on Friday, September 6th. Shareholders of record on Friday, August 16th will be paid a dividend of $1.13 per share. The ex-dividend date of this dividend is Thursday, August 15th. This represents a $4.52 dividend on an annualized basis and a dividend yield of 0.86%. Sherwin-Williams’s dividend payout ratio is currently 24.39%.

Several equities research analysts recently commented on the company. Zacks Investment Research upgraded Sherwin-Williams from a “sell” rating to a “hold” rating and set a $526.00 price objective for the company in a report on Thursday, July 25th. BMO Capital Markets lifted their price objective on Sherwin-Williams to $517.00 and gave the stock a “market perform” rating in a report on Monday, July 29th. They noted that the move was a valuation call. Deutsche Bank lifted their price objective on Sherwin-Williams from $490.00 to $550.00 and gave the stock a “buy” rating in a report on Wednesday, July 24th. Royal Bank of Canada lifted their price objective on Sherwin-Williams to $550.00 and gave the stock an “outperform” rating in a report on Thursday, July 25th. Finally, Argus lifted their price objective on Sherwin-Williams from $480.00 to $527.00 and gave the stock a “buy” rating in a report on Friday, April 26th. Nine research analysts have rated the stock with a hold rating and fourteen have given a buy rating to the stock. Sherwin-Williams has a consensus rating of “Buy” and an average target price of $518.63.

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

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