LMR Partners LLP boosted its position in Sherwin-Williams Co. (NYSE:SHW) by 216.4% during the second quarter, Holdings Channel reports. The fund owned 5,761 shares of the company’s stock after buying an additional 3,940 shares during the period. LMR Partners LLP’s holdings in Sherwin-Williams were worth $1,692,000 at the end of the most recent quarter.
A number of other institutional investors have also recently modified their holdings of SHW. Nikko Asset Management Americas Inc. purchased a new position in shares of Sherwin-Williams during the first quarter worth about $114,000. Monetary Management Group Inc. purchased a new position in shares of Sherwin-Williams during the first quarter worth about $121,000. NN Investment Partners Holdings N.V. purchased a new position in shares of Sherwin-Williams during the first quarter worth about $142,000. SevenBridge Financial Group LLC purchased a new position in shares of Sherwin-Williams during the first quarter worth about $163,000. Finally, Athena Capital Advisors LLC purchased a new position in shares of Sherwin-Williams during the second quarter worth about $206,000. 74.62% of the stock is owned by institutional investors and hedge funds.
Sherwin-Williams Co. (NYSE:SHW) traded down 1.94% on Friday, hitting $268.74. The stock had a trading volume of 2,340,734 shares. The company has a market cap of $24.67 billion, a P/E ratio of 22.66 and a beta of 0.92. Sherwin-Williams Co. has a 1-year low of $234.96 and a 1-year high of $312.48. The stock has a 50 day moving average price of $280.95 and a 200 day moving average price of $290.52.
Sherwin-Williams (NYSE:SHW) last released its earnings results on Thursday, July 21st. The company reported $4.06 earnings per share for the quarter, missing analysts’ consensus estimates of $4.16 by $0.10. Sherwin-Williams had a net margin of 9.50% and a return on equity of 110.16%. The company earned $3.22 billion during the quarter, compared to the consensus estimate of $3.28 billion. During the same period last year, the firm posted $3.70 EPS. The company’s revenue was up 2.8% on a year-over-year basis. On average, equities research analysts expect that Sherwin-Williams Co. will post $12.64 EPS for the current fiscal year.
The business also recently announced a quarterly dividend, which was paid on Friday, September 9th. Stockholders of record on Friday, August 19th were paid a $0.84 dividend. This represents a $3.36 dividend on an annualized basis and a dividend yield of 1.25%. The ex-dividend date was Wednesday, August 17th. Sherwin-Williams’s dividend payout ratio (DPR) is presently 28.84%.
Several equities research analysts have recently weighed in on SHW shares. Wells Fargo & Co. started coverage on Sherwin-Williams in a research note on Wednesday, September 28th. They issued a “market perform” rating for the company. Zacks Investment Research raised Sherwin-Williams from a “hold” rating to a “buy” rating and set a $317.00 price target for the company in a research note on Monday, September 26th. Sterne Agee CRT raised Sherwin-Williams from a “neutral” rating to a “buy” rating in a research note on Thursday, August 25th. Credit Agricole SA reissued a “buy” rating and issued a $350.00 price target on shares of Sherwin-Williams in a research note on Wednesday, September 14th. Finally, Morgan Stanley reissued a “buy” rating on shares of Sherwin-Williams in a research note on Thursday, June 16th. Four equities research analysts have rated the stock with a hold rating and twelve have given a buy rating to the stock. The company presently has an average rating of “Buy” and an average price target of $324.31.
In other news, insider Joel D. Baxter sold 3,853 shares of the business’s stock in a transaction dated Friday, August 5th. The stock was sold at an average price of $300.16, for a total value of $1,156,516.48. Following the completion of the sale, the insider now owns 8,347 shares of the company’s stock, valued at approximately $2,505,435.52. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, CEO John G. Morikis sold 30,353 shares of the business’s stock in a transaction dated Monday, August 1st. The shares were sold at an average price of $298.75, for a total value of $9,067,958.75. Following the completion of the sale, the chief executive officer now directly owns 119,804 shares of the company’s stock, valued at approximately $35,791,445. The disclosure for this sale can be found here. 1.89% of the stock is owned by insiders.
The Sherwin-Williams Company is engaged in the development, manufacture, distribution and sale of paint, coatings and related products. The Company has four operating segments: Paint Stores Group, Consumer Group, Global Finishes Group and Latin America Coatings Group. The Paint Stores Group markets and sells architectural paint and coatings, protective and marine products, original equipment manufacturer (OEM) product finishes and related items.
Want to see what other hedge funds are holding SHW? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Sherwin-Williams Co. (NYSE:SHW).
Receive News & Ratings for Sherwin-Williams Co. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Sherwin-Williams Co. and related companies with MarketBeat.com's FREE daily email newsletter.