Edgestream Partners L.P. Purchases 9,086 Shares of The Sherwin-Williams Company (NYSE:SHW)

Edgestream Partners L.P. lifted its position in shares of The Sherwin-Williams Company (NYSE:SHW) by 389.5% in the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 11,419 shares of the specialty chemicals company’s stock after acquiring an additional 9,086 shares during the quarter. Edgestream Partners L.P.’s holdings in The Sherwin-Williams were worth $3,111,000 at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in SHW. Wealthcare Advisory Partners LLC bought a new stake in shares of The Sherwin-Williams during the first quarter worth $30,000. Daiwa Securities Group Inc. raised its position in shares of The Sherwin-Williams by 1.8% during the first quarter. Daiwa Securities Group Inc. now owns 4,170 shares of the specialty chemicals company’s stock worth $1,026,000 after acquiring an additional 72 shares during the last quarter. Victory Capital Management Inc. raised its position in shares of The Sherwin-Williams by 9.5% during the first quarter. Victory Capital Management Inc. now owns 75,076 shares of the specialty chemicals company’s stock worth $55,407,000 after acquiring an additional 6,538 shares during the last quarter. Unigestion Holding SA bought a new stake in shares of The Sherwin-Williams during the first quarter worth $1,270,000. Finally, Wade G W & Inc. raised its position in shares of The Sherwin-Williams by 139.6% during the first quarter. Wade G W & Inc. now owns 1,167 shares of the specialty chemicals company’s stock worth $861,000 after acquiring an additional 680 shares during the last quarter. Institutional investors own 75.94% of the company’s stock.

In other news, SVP Peter J. Ippolito sold 12,390 shares of the stock in a transaction that occurred on Thursday, August 26th. The stock was sold at an average price of $302.42, for a total value of $3,746,983.80. Following the completion of the sale, the senior vice president now owns 1,941 shares of the company’s stock, valued at approximately $586,997.22. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, SVP Thomas P. Gilligan sold 9,780 shares of the stock in a transaction that occurred on Thursday, August 12th. The shares were sold at an average price of $302.87, for a total value of $2,962,068.60. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 213,903 shares of company stock valued at $62,244,621. Insiders own 0.51% of the company’s stock.

Several equities analysts have weighed in on SHW shares. KeyCorp increased their target price on The Sherwin-Williams from $320.00 to $330.00 and gave the company an “overweight” rating in a research note on Monday, August 2nd. Zacks Investment Research raised The Sherwin-Williams from a “hold” rating to a “buy” rating and set a $297.00 price target for the company in a research note on Friday, June 4th. Loop Capital upped their price target on The Sherwin-Williams from $300.00 to $310.00 and gave the company a “buy” rating in a research note on Wednesday, June 9th. JPMorgan Chase & Co. upped their price target on The Sherwin-Williams from $310.00 to $330.00 and gave the company an “overweight” rating in a research note on Thursday, September 9th. Finally, Deutsche Bank Aktiengesellschaft upped their price target on The Sherwin-Williams from $315.00 to $320.00 and gave the company a “buy” rating in a research note on Wednesday, July 28th. Four equities research analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Buy” and an average price target of $331.75.

NYSE:SHW opened at $298.86 on Wednesday. The Sherwin-Williams Company has a twelve month low of $218.06 and a twelve month high of $310.43. The company has a quick ratio of 0.55, a current ratio of 0.84 and a debt-to-equity ratio of 2.68. The business has a 50 day moving average price of $294.67 and a two-hundred day moving average price of $278.71. The company has a market cap of $78.69 billion, a P/E ratio of 37.50, a price-to-earnings-growth ratio of 2.60 and a beta of 1.08.

The Sherwin-Williams (NYSE:SHW) last released its quarterly earnings results on Monday, July 26th. The specialty chemicals company reported $2.65 earnings per share for the quarter, missing analysts’ consensus estimates of $2.68 by ($0.03). The Sherwin-Williams had a return on equity of 72.71% and a net margin of 11.05%. The firm had revenue of $5.38 billion for the quarter, compared to analyst estimates of $5.39 billion. During the same period last year, the company earned $7.10 EPS. The company’s revenue was up 16.9% compared to the same quarter last year. As a group, analysts anticipate that The Sherwin-Williams Company will post 9.18 earnings per share for the current fiscal year.

The company also recently declared a quarterly dividend, which was paid on Friday, September 10th. Shareholders of record on Friday, August 20th were given a dividend of $0.55 per share. This represents a $2.20 dividend on an annualized basis and a yield of 0.74%. The ex-dividend date of this dividend was Thursday, August 19th. The Sherwin-Williams’s dividend payout ratio (DPR) is currently 26.86%.

The Sherwin-Williams Company Profile

The Sherwin-Williams Co engages in the manufacture and trade of paint and coatings. It operates through the following segments: America Group, Consumer Brands Group, and Performance Coating Group. The America Group segment manages the exclusive outlets for Sherwin-Williams branded paints, stains, supplies, equipment, and floor covering.

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Institutional Ownership by Quarter for The Sherwin-Williams (NYSE:SHW)

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