Gilder Gagnon Howe & Co. LLC increased its stake in Sherwin-Williams Co (NYSE:SHW) by 1.5% during the second quarter, Holdings Channel reports. The firm owned 2,680 shares of the specialty chemicals company’s stock after buying an additional 40 shares during the period. Gilder Gagnon Howe & Co. LLC’s holdings in Sherwin-Williams were worth $941,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors also recently made changes to their positions in the company. American Beacon Advisors Inc. bought a new position in shares of Sherwin-Williams during the first quarter valued at $106,000. Barometer Capital Management Inc. bought a new position in shares of Sherwin-Williams during the first quarter valued at $124,000. Financial Architects Inc raised its position in shares of 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. State of Alaska Department of Revenue bought a new position in shares of Sherwin-Williams during the first quarter valued at $139,000. Finally, Parallel Advisors LLC raised its position in shares of Sherwin-Williams by 2.6% in the first quarter. Parallel Advisors LLC now owns 432 shares of the specialty chemicals company’s stock valued at $144,000 after buying an additional 11 shares during the period. 72.92% of the stock is owned by institutional investors.
Shares of Sherwin-Williams Co (NYSE SHW) opened at 332.04 on Friday. The firm has a market cap of $30.83 billion, a PE ratio of 27.37 and a beta of 1.23. Sherwin-Williams Co has a one year low of $239.48 and a one year high of $362.57. The company has a 50-day moving average of $348.87 and a 200 day moving average of $327.97.
Sherwin-Williams (NYSE:SHW) last issued its earnings results on Thursday, July 20th. The specialty chemicals company reported $4.52 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $4.54 by $0.02. The firm had revenue of $3.74 billion for the quarter, compared to analysts’ expectations of $3.83 billion. Sherwin-Williams had a return on equity of 64.92% and a net margin of 9.65%. The firm’s revenue for the quarter was up 16.0% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $4.06 EPS. On average, equities research analysts expect that Sherwin-Williams Co will post $15.00 EPS for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Friday, September 8th. Shareholders of record on Friday, August 18th will be issued a $0.85 dividend. This represents a $3.40 dividend on an annualized basis and a yield of 1.02%. The ex-dividend date is Wednesday, August 16th. Sherwin-Williams’s dividend payout ratio is presently 28.05%.
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Several brokerages have weighed in on SHW. UBS AG reaffirmed a “neutral” rating and set a $341.00 target price (up previously from $312.00) on shares of Sherwin-Williams in a research note on Tuesday, June 6th. Credit Suisse Group raised shares of Sherwin-Williams to a “buy” rating and set a $375.00 price target on the stock in a research report on Sunday, July 23rd. Citigroup Inc. reissued a “buy” rating and set a $410.00 price target on shares of Sherwin-Williams in a research report on Friday, June 23rd. BidaskClub cut shares of Sherwin-Williams from a “strong-buy” rating to a “buy” rating in a research report on Saturday, July 1st. Finally, Barclays PLC increased 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. Two investment analysts have rated the stock with a sell rating, eight have assigned a hold rating and thirteen have given a buy rating to the company. The company presently has a consensus rating of “Hold” and an average target price of $360.10.
In other Sherwin-Williams news, insider Joel D. Baxter sold 5,470 shares of the company’s stock in a transaction that occurred 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 document filed with the SEC, which can be accessed through this hyperlink. 1.69% of the stock is owned by corporate insiders.
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.
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