The Davis R M Inc. Boosts Stake in Sherwin-Williams Co (SHW)

The Davis R M Inc. Boosts Stake in Sherwin-Williams Co (SHW)

Other hedge funds also recently made changes to their positions in the company. Massmutual Trust Co. FSB ADV acquired a new stake in Sherwin-Williams during the fourth quarter worth $104,000. Barometer Capital Management Inc. purchased a new position in Sherwin-Williams during the first quarter worth approximately $124,000. Parallel Advisors LLC purchased a new position in Sherwin-Williams during the fourth quarter worth approximately $113,000. TLP Group LLC purchased a new position in Sherwin-Williams during the third quarter worth approximately $120,000. Finally, Financial Architects Inc boosted its position in Sherwin-Williams by 218.4% in the first quarter. Financial Architects Inc now owns 433 shares of the specialty chemicals company’s stock worth $134,000 after buying an additional 297 shares in the last quarter. Institutional investors own 72.94% of the company’s stock.

Davis R M Inc. increased its position in shares of Sherwin-Williams Co (NYSE:SHW) by 4.0% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 38,476 shares of the specialty chemicals company’s stock after buying an additional 1,465 shares during the period. Davis R M Inc.’s holdings in Sherwin-Williams were worth $11,935,000 as of its most recent filing with the SEC.

Sherwin-Williams Co (SHW) opened at 345.40 on Monday. The firm’s 50-day moving average is $331.84 and its 200-day moving average is $302.31. The firm has a market cap of $31.97 billion, a price-to-earnings ratio of 27.06 and a beta of 1.00. Sherwin-Williams Co has a 52 week low of $239.48 and a 52 week high of $346.86.

Sherwin-Williams (NYSE:SHW) last released its earnings results on Thursday, April 20th. The specialty chemicals company reported $2.27 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.07 by $0.20. The firm had revenue of $2.76 billion for the quarter, compared to analyst estimates of $2.72 billion. Sherwin-Williams had a return on equity of 82.20% and a net margin of 9.40%. Sherwin-Williams’s revenue was up 7.3% compared to the same quarter last year. During the same period in the previous year, the company earned $1.81 earnings per share. On average, equities analysts anticipate that Sherwin-Williams Co will post $14.20 earnings per share for the current year. The company also recently announced a quarterly dividend, which was paid on Friday, June 2nd. Investors of record on Friday, May 19th were issued a dividend of $0.85 per share. This represents a $3.40 dividend on an annualized basis and a yield of 0.98%. The ex-dividend date of this dividend was Wednesday, May 17th. Sherwin-Williams’s payout ratio is currently 28.50%.

SHW has been the subject of a number of recent analyst reports. Zacks Investment Research cut shares of Sherwin-Williams from a “buy” rating to a “hold” rating in a research note on Monday, May 22nd. Jefferies Group LLC started coverage on shares of Sherwin-Williams in a research report on Friday, May 26th. They issued a “hold” rating and a $364.00 price objective for the company. Morgan Stanley reissued an “overweight” rating and issued a $375.00 price objective (up from $335.00) on shares of Sherwin-Williams in a research report on Wednesday, May 17th. KeyCorp raised shares of Sherwin-Williams from a “sector weight” rating to an “overweight” rating and set a $375.00 price objective for the company in a research report on Tuesday, April 4th. Finally, Credit Suisse Group AG set a $344.00 price target on shares of Sherwin-Williams and gave the stock a “buy” rating in a research report on Thursday, April 20th. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating and ten have assigned a buy rating to the stock. The stock presently has a consensus rating of “Buy” and a consensus target price of $342.52. In related news, insider Joel D. Baxter sold 5,470 shares of the stock in a transaction on Monday, May 15th. The stock was sold at an average price of $335.50, for a total value of $1,835,185.00. Following the completion of the transaction, the insider now owns 8,523 shares in the company, valued at approximately $2,859,466.50. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Susan J. Kropf sold 2,000 shares of the stock in a transaction on Friday, May 5th. The shares were sold at an average price of $338.93, for a total value of $677,860.00. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 46,955 shares of company stock worth $15,525,668. 1.89% of the stock is owned by corporate insiders.

Sherwin-Williams Company Profile The Sherwin-Williams Company (Sherwin-Williams) is engaged in the development, manufacture, distribution and sale of paint, coatings and related products. The Company’s segments are Paint Stores Group, Consumer Group, Global Finishes Group, Latin America Coatings Group and Administrative. The Paint Stores Group markets and sells Sherwin-Williams branded architectural paint and coatings, protective and marine products, original equipment manufacturer (OEM) product finishes and related items.new TradingView.widget({ “height”: 400, “width”: 625, “symbol”: “SHW”, “interval”: “D”, “timezone”: “Etc/UTC”, “theme”: “White”, “style”: “1”, “locale”: “en”, “toolbar_bg”: “#f1f3f6”, “enable_publishing”: false, “hideideas”: true, “referral_id”: “2588”});

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