Mawer Investment Management Ltd. lifted its position in Sherwin-Williams Co (NYSE:SHW) by 7.8% in the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 74,335 shares of the specialty chemicals company’s stock after purchasing an additional 5,370 shares during the quarter. Mawer Investment Management Ltd. owned approximately 0.08% of Sherwin-Williams worth $34,067,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Dimensional Fund Advisors LP raised its position in Sherwin-Williams by 9.0% in the 4th quarter. Dimensional Fund Advisors LP now owns 249,847 shares of the specialty chemicals company’s stock worth $98,302,000 after buying an additional 20,668 shares during the last quarter. Geode Capital Management LLC increased its position in shares of Sherwin-Williams by 7.3% during the 4th quarter. Geode Capital Management LLC now owns 938,381 shares of the specialty chemicals company’s stock valued at $368,468,000 after purchasing an additional 64,106 shares during the last quarter. Pennsylvania Trust Co increased its position in shares of Sherwin-Williams by 3.1% during the 1st quarter. Pennsylvania Trust Co now owns 3,343 shares of the specialty chemicals company’s stock valued at $1,440,000 after purchasing an additional 100 shares during the last quarter. Investors Research Corp purchased a new stake in shares of Sherwin-Williams during the 1st quarter valued at about $25,000. Finally, BB&T Corp increased its position in shares of Sherwin-Williams by 4.5% during the 1st quarter. BB&T Corp now owns 5,179 shares of the specialty chemicals company’s stock valued at $2,231,000 after purchasing an additional 224 shares during the last quarter. 76.72% of the stock is owned by hedge funds and other institutional investors.
In other Sherwin-Williams news, Chairman John G. Morikis sold 16,260 shares of the company’s stock in a transaction that occurred on Wednesday, June 12th. The stock was sold at an average price of $471.26, for a total value of $7,662,687.60. Following the completion of the transaction, the chairman now directly owns 112,276 shares in the company, valued at approximately $52,911,187.76. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director David F. Hodnik sold 501 shares of the company’s stock in a transaction that occurred on Thursday, August 1st. The stock was sold at an average price of $521.57, for a total value of $261,306.57. Following the completion of the transaction, the director now owns 9,569 shares of the company’s stock, valued at $4,990,903.33. The disclosure for this sale can be found here. Insiders sold a total of 31,608 shares of company stock valued at $15,329,391 over the last three months. 0.50% of the stock is currently owned by insiders.
Sherwin-Williams (NYSE:SHW) last released its earnings results on Tuesday, July 23rd. The specialty chemicals company reported $6.57 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $6.35 by $0.22. The company had revenue of $4.88 billion during the quarter, compared to analyst estimates of $4.94 billion. Sherwin-Williams had a net margin of 6.61% and a return on equity of 48.92%. The firm’s quarterly revenue was up 2.2% compared to the same quarter last year. During the same period in the prior year, the firm posted $5.73 EPS. As a group, equities research analysts predict that Sherwin-Williams Co will post 21.1 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Friday, September 6th. Investors of record on Friday, August 16th will be issued a $1.13 dividend. This represents a $4.52 annualized dividend and a yield of 0.88%. The ex-dividend date is Thursday, August 15th. Sherwin-Williams’s dividend payout ratio is 24.39%.
Several research firms have recently commented on SHW. Argus upped their price target on shares of Sherwin-Williams from $480.00 to $527.00 and gave the company a “buy” rating in a research report on Friday, April 26th. KeyCorp upped their price target on shares of Sherwin-Williams from $500.00 to $525.00 and gave the company an “overweight” rating in a research report on Wednesday, July 24th. Buckingham Research upped their price target on shares of Sherwin-Williams from $440.00 to $460.00 and gave the company a “neutral” rating in a research report on Wednesday, July 24th. Zacks Investment Research raised shares of Sherwin-Williams from a “sell” rating to a “hold” rating and set a $526.00 price target for the company in a research report on Thursday, July 25th. Finally, Susquehanna Bancshares upped their price target on shares of Sherwin-Williams from $545.00 to $580.00 and gave the company a “positive” rating in a research report on Thursday, July 25th. Nine equities research analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company. The stock presently has an average rating of “Buy” and a consensus target price of $522.58.
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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