The US Bancorp DE Cuts Stake in Sherwin-Williams Co (SHW)

The US Bancorp DE Cuts Stake in Sherwin-Williams Co (SHW)

Other hedge funds also recently made changes to their positions in the company. Massmutual Trust Co. FSB ADV purchased a new position in Sherwin-Williams during the fourth quarter worth approximately $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 bought a new stake in Sherwin-Williams during the third quarter valued at about $120,000. Finally, Financial Architects Inc boosted its stake in Sherwin-Williams by 218.4% in the first quarter. Financial Architects Inc now owns 433 shares of the specialty chemicals company’s stock valued at $134,000 after buying an additional 297 shares during the period. Institutional investors own 72.94% of the company’s stock.

US Bancorp DE cut its position in shares of Sherwin-Williams Co (NYSE:SHW) by 5.2% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 48,350 shares of the specialty chemicals company’s stock after selling 2,638 shares during the period. US Bancorp DE owned about 0.05% of Sherwin-Williams worth $14,998,000 as of its most recent filing with the SEC.

Shares of Sherwin-Williams Co (NYSE SHW) opened at 345.40 on Monday. The stock has a 50 day moving average of $331.84 and a 200-day moving average of $302.31. Sherwin-Williams Co has a 1-year low of $239.48 and a 1-year high of $346.86. 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 (NYSE:SHW) last issued its earnings results on Thursday, April 20th. The specialty chemicals company reported $2.27 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $2.07 by $0.20. Sherwin-Williams had a return on equity of 82.20% and a net margin of 9.40%. The firm had revenue of $2.76 billion for the quarter, compared to analyst estimates of $2.72 billion. During the same period last year, the company earned $1.81 earnings per share. The firm’s revenue for the quarter was up 7.3% on a year-over-year basis. Equities analysts anticipate that Sherwin-Williams Co will post $14.20 EPS for the current fiscal year. The business also recently announced a quarterly dividend, which was paid on Friday, June 2nd. Shareholders of record on Friday, May 19th were given a $0.85 dividend. This represents a $3.40 annualized dividend and a yield of 0.98%. The ex-dividend date was Wednesday, May 17th. Sherwin-Williams’s dividend payout ratio is presently 28.50%.

Several equities research analysts have issued reports on SHW shares. 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. Zacks Investment Research raised shares of Sherwin-Williams from a “hold” rating to a “buy” rating and set a $371.00 price target for the company in a research report on Thursday, April 27th. Royal Bank of Canada reaffirmed a “buy” rating and issued a $350.00 price target on shares of Sherwin-Williams in a research report on Tuesday, March 28th. Barclays PLC upped their price target on shares of Sherwin-Williams from $310.00 to $335.00 and gave the stock an “equal weight” rating in a research report on Monday, April 24th. Finally, Morgan Stanley reaffirmed an “overweight” rating and issued a $375.00 price target (up previously from $335.00) on shares of Sherwin-Williams in a research report on Wednesday, May 17th. 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, Director Susan J. Kropf sold 2,000 shares of Sherwin-Williams stock in a transaction dated Friday, May 5th. The stock was sold at an average price of $338.93, for a total transaction of $677,860.00. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, SVP Catherine M. Kilbane sold 22,635 shares of Sherwin-Williams stock in a transaction dated Friday, April 21st. The stock was sold at an average price of $324.47, for a total value of $7,344,378.45. Following the transaction, the senior vice president now directly owns 16,635 shares in the company, valued at $5,397,558.45. The disclosure for this sale can be found here. Insiders sold 46,955 shares of company stock worth $15,525,668 over the last ninety days. 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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