Empirical Finance LLC Has $802,000 Position in The Sherwin-Williams Company (NYSE:SHW)

Empirical Finance LLC raised its position in The Sherwin-Williams Company (NYSE:SHW) by 246.8% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,944 shares of the specialty chemicals company’s stock after purchasing an additional 2,095 shares during the quarter. Empirical Finance LLC’s holdings in The Sherwin-Williams were worth $802,000 at the end of the most recent quarter.

Other large investors have also recently added to or reduced their stakes in the company. BlackRock Inc. grew its position in shares of The Sherwin-Williams by 3.3% in the first quarter. BlackRock Inc. now owns 6,119,323 shares of the specialty chemicals company’s stock valued at $4,516,118,000 after purchasing an additional 197,789 shares during the last quarter. Geode Capital Management LLC boosted its stake in The Sherwin-Williams by 202.1% during the first quarter. Geode Capital Management LLC now owns 3,459,174 shares of the specialty chemicals company’s stock worth $851,449,000 after buying an additional 2,314,238 shares in the last quarter. Alliancebernstein L.P. raised its position in The Sherwin-Williams by 187.8% in the second quarter. Alliancebernstein L.P. now owns 3,234,606 shares of the specialty chemicals company’s stock worth $881,268,000 after purchasing an additional 2,110,675 shares in the last quarter. WCM Investment Management LLC boosted its stake in The Sherwin-Williams by 306.0% in the 2nd quarter. WCM Investment Management LLC now owns 2,013,455 shares of the specialty chemicals company’s stock valued at $548,566,000 after buying an additional 1,517,566 shares in the last quarter. Finally, Janus Henderson Group PLC increased its position in shares of The Sherwin-Williams by 12.2% during the 1st quarter. Janus Henderson Group PLC now owns 1,414,941 shares of the specialty chemicals company’s stock worth $1,044,303,000 after purchasing an additional 153,779 shares in the last quarter. Hedge funds and other institutional investors own 75.94% of the company’s stock.

Several brokerages have recently issued reports on SHW. Zacks Investment Research raised The Sherwin-Williams from a “hold” rating to a “buy” rating and set a $297.00 price target on the stock in a research note on Friday, June 4th. JPMorgan Chase & Co. boosted their price objective on The Sherwin-Williams from $310.00 to $330.00 and gave the company an “overweight” rating in a research report on Thursday, September 9th. Citigroup lowered The Sherwin-Williams from a “buy” rating to a “neutral” rating and cut their price target for the company from $331.00 to $309.00 in a report on Thursday, September 9th. Morgan Stanley boosted their price target on shares of The Sherwin-Williams from $315.00 to $345.00 and gave the stock an “overweight” rating in a research report on Friday, August 20th. Finally, Deutsche Bank Aktiengesellschaft boosted their target price on shares of The Sherwin-Williams from $315.00 to $320.00 and gave the stock a “buy” rating in a report on Wednesday, July 28th. Four equities research analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Buy” and a consensus target price of $331.75.

In related news, CFO Allen J. Mistysyn sold 22,749 shares of the stock in a transaction that occurred on Wednesday, July 28th. The shares were sold at an average price of $286.46, for a total transaction of $6,516,678.54. Following the completion of the transaction, the chief financial officer now owns 41,099 shares of the company’s stock, valued at approximately $11,773,219.54. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, SVP Mary L. Garceau sold 2,589 shares of the stock in a transaction that occurred on Monday, August 23rd. The stock was sold at an average price of $306.33, for a total transaction of $793,088.37. Following the sale, the senior vice president now owns 11,259 shares in the company, valued at $3,448,969.47. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 213,903 shares of company stock valued at $62,244,621. Corporate insiders own 0.51% of the company’s stock.

Shares of The Sherwin-Williams stock opened at $298.86 on Wednesday. The company has a fifty day moving average of $294.67 and a 200 day moving average of $278.71. The company has a market capitalization of $78.69 billion, a P/E ratio of 37.50, a P/E/G ratio of 2.60 and a beta of 1.08. The Sherwin-Williams Company has a fifty-two week low of $218.06 and a fifty-two week high of $310.43. The company has a debt-to-equity ratio of 2.68, a quick ratio of 0.55 and a current ratio of 0.84.

The Sherwin-Williams (NYSE:SHW) last released its quarterly earnings results on Monday, July 26th. The specialty chemicals company reported $2.65 EPS for the quarter, missing analysts’ consensus estimates of $2.68 by ($0.03). The firm had revenue of $5.38 billion for the quarter, compared to analysts’ expectations of $5.39 billion. The Sherwin-Williams had a return on equity of 72.71% and a net margin of 11.05%. The Sherwin-Williams’s revenue for the quarter was up 16.9% on a year-over-year basis. During the same period in the prior year, the firm posted $7.10 earnings per share. Analysts forecast that The Sherwin-Williams Company will post 9.18 EPS for the current year.

The company also recently declared a quarterly dividend, which was paid on Friday, September 10th. Investors of record on Friday, August 20th were issued a dividend of $0.55 per share. This represents a $2.20 dividend on an annualized basis and a yield of 0.74%. The ex-dividend date was Thursday, August 19th. The Sherwin-Williams’s dividend payout ratio (DPR) is presently 26.86%.

The Sherwin-Williams Company Profile

The Sherwin-Williams Co engages in the manufacture and trade of paint and coatings. It operates through the following segments: America Group, Consumer Brands Group, and Performance Coating Group. The America Group segment manages the exclusive outlets for Sherwin-Williams branded paints, stains, supplies, equipment, and floor covering.

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

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