Sherwin-Williams Co. (SHW) Shares Sold by Swiss National Bank
Swiss National Bank reduced its position in shares of Sherwin-Williams Co. (NYSE:SHW) by 1.0% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 217,761 shares of the company’s stock after selling 2,200 shares during the period. Swiss National Bank’s holdings in Sherwin-Williams were worth $60,246,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors also recently made changes to their positions in the company. NEXT Financial Group Inc boosted its stake in Sherwin-Williams by 1,536.0% in the third quarter. NEXT Financial Group Inc now owns 409 shares of the company’s stock worth $113,000 after buying an additional 384 shares during the period. Carroll Financial Associates Inc. boosted its stake in Sherwin-Williams by 2.9% in the third quarter. Carroll Financial Associates Inc. now owns 465 shares of the company’s stock worth $128,000 after buying an additional 13 shares during the period. PineBridge Investments L.P. boosted its stake in Sherwin-Williams by 109.7% in the second quarter. PineBridge Investments L.P. now owns 520 shares of the company’s stock worth $153,000 after buying an additional 272 shares during the period. Gilder Gagnon Howe & Co. LLC boosted its stake in Sherwin-Williams by 18.4% in the second quarter. Gilder Gagnon Howe & Co. LLC now owns 619 shares of the company’s stock worth $182,000 after buying an additional 96 shares during the period. Finally, Athena Capital Advisors LLC acquired a new stake in Sherwin-Williams during the second quarter worth approximately $206,000. 72.93% of the stock is owned by institutional investors.
Sherwin-Williams Co. (NYSE:SHW) opened at 268.67 on Thursday. The firm has a market cap of $24.72 billion, a price-to-earnings ratio of 22.42 and a beta of 0.98. Sherwin-Williams Co. has a 1-year low of $234.96 and a 1-year high of $312.48. The company’s 50-day moving average price is $261.26 and its 200 day moving average price is $282.71.
Sherwin-Williams (NYSE:SHW) last released its quarterly earnings results on Tuesday, October 25th. The company reported $4.23 earnings per share for the quarter, missing the consensus estimate of $4.32 by $0.09. The company had revenue of $3.28 billion for the quarter, compared to analysts’ expectations of $3.29 billion. Sherwin-Williams had a return on equity of 97.87% and a net margin of 9.50%. The business’s quarterly revenue was up 4.0% on a year-over-year basis. During the same period in the previous year, the business posted $3.97 EPS. On average, equities analysts expect that Sherwin-Williams Co. will post $12.34 earnings per share for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Friday, December 2nd. Shareholders of record on Friday, November 18th will be given a dividend of $0.84 per share. This represents a $3.36 annualized dividend and a yield of 1.25%. The ex-dividend date of this dividend is Wednesday, November 16th. Sherwin-Williams’s payout ratio is 28.57%.
A number of research firms have recently commented on SHW. Vetr upgraded Sherwin-Williams from a “buy” rating to a “strong-buy” rating and set a $301.22 price objective for the company in a research report on Wednesday. Zacks Investment Research cut Sherwin-Williams from a “buy” rating to a “hold” rating in a research report on Thursday, October 27th. Evercore ISI upgraded Sherwin-Williams from a “hold” rating to a “buy” rating in a research report on Tuesday, November 8th. They noted that the move was a valuation call. Wells Fargo & Co. began coverage on Sherwin-Williams in a research report on Wednesday, September 28th. They set a “market perform” rating for the company. Finally, reiterated a “buy” rating and set a $350.00 price target on shares of Sherwin-Williams in a research report on Wednesday, September 14th. Four research analysts have rated the stock with a hold rating, fourteen have assigned a buy rating and one has issued a strong buy rating to the stock. Sherwin-Williams presently has a consensus rating of “Buy” and an average price target of $323.28.
In related news, Director John M. Stropki purchased 500 shares of the company’s stock in a transaction on Thursday, October 27th. The stock was bought at an average price of $247.30 per share, with a total value of $123,650.00. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 1.89% of the company’s stock.
Sherwin-Williams Company Profile
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.
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