Sherwin-Williams Co (SHW) Shares Bought by Hosking Partners LLP
Hosking Partners LLP grew its position in Sherwin-Williams Co (NYSE:SHW) by 1.0% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 94,866 shares of the specialty chemicals company’s stock after purchasing an additional 983 shares during the period. Hosking Partners LLP owned approximately 0.10% of Sherwin-Williams worth $33,966,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Alps Advisors Inc. lifted its stake in shares of Sherwin-Williams by 0.3% in the 2nd quarter. Alps Advisors Inc. now owns 1,544 shares of the specialty chemicals company’s stock valued at $542,000 after purchasing an additional 4 shares in the last quarter. BRYN MAWR TRUST Co lifted its stake in shares of Sherwin-Williams by 0.7% in the 2nd quarter. BRYN MAWR TRUST Co now owns 1,030 shares of the specialty chemicals company’s stock valued at $361,000 after purchasing an additional 7 shares in the last quarter. IFP Advisors Inc raised its holdings in shares of Sherwin-Williams by 0.5% during the 2nd quarter. IFP Advisors Inc now owns 1,708 shares of the specialty chemicals company’s stock valued at $599,000 after buying an additional 9 shares during the period. Valmark Advisers Inc. raised its holdings in shares of Sherwin-Williams by 0.3% during the 2nd quarter. Valmark Advisers Inc. now owns 3,671 shares of the specialty chemicals company’s stock valued at $1,288,000 after buying an additional 10 shares during the period. Finally, Legacy Capital Partners Inc. raised its holdings in shares of Sherwin-Williams by 2.2% during the 2nd quarter. Legacy Capital Partners Inc. now owns 752 shares of the specialty chemicals company’s stock valued at $264,000 after buying an additional 16 shares during the period. 73.56% of the stock is currently owned by institutional investors and hedge funds.
Sherwin-Williams Co (SHW) traded up $3.47 during mid-day trading on Monday, reaching $394.03. The company’s stock had a trading volume of 148,200 shares, compared to its average volume of 632,296. The company has a quick ratio of 0.68, a current ratio of 1.07 and a debt-to-equity ratio of 3.68. Sherwin-Williams Co has a 52 week low of $261.65 and a 52 week high of $398.22. The stock has a market cap of $36,847.32, a P/E ratio of 28.39, a PEG ratio of 2.20 and a beta of 1.22.
Sherwin-Williams (NYSE:SHW) last posted its quarterly earnings data on Tuesday, October 24th. The specialty chemicals company reported $4.75 earnings per share (EPS) for the quarter, topping the consensus estimate of $4.70 by $0.05. Sherwin-Williams had a return on equity of 58.02% and a net margin of 7.82%. The company had revenue of $4.51 billion for the quarter, compared to the consensus estimate of $4.45 billion. During the same period in the previous year, the business earned $4.23 EPS. Sherwin-Williams’s revenue for the quarter was up 37.4% compared to the same quarter last year. equities research analysts anticipate that Sherwin-Williams Co will post 15.04 EPS for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, December 8th. Shareholders of record on Friday, November 17th will be issued a dividend of $0.85 per share. The ex-dividend date is Thursday, November 16th. This represents a $3.40 annualized dividend and a yield of 0.86%. Sherwin-Williams’s dividend payout ratio is presently 29.90%.
In other Sherwin-Williams news, insider Joel D. Baxter sold 2,376 shares of Sherwin-Williams stock in a transaction that occurred on Monday, November 20th. The stock was sold at an average price of $389.26, for a total transaction of $924,881.76. Following the sale, the insider now directly owns 3,302 shares in the company, valued at approximately $1,285,336.52. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 1.69% of the stock is owned by insiders.
Several equities research analysts recently commented on SHW shares. Robert W. Baird reiterated a “buy” rating and set a $375.00 target price on shares of Sherwin-Williams in a report on Friday, September 29th. Zacks Investment Research upgraded Sherwin-Williams from a “hold” rating to a “buy” rating and set a $380.00 target price on the stock in a report on Wednesday, September 20th. Royal Bank Of Canada reiterated a “buy” rating on shares of Sherwin-Williams in a report on Wednesday, September 20th. KeyCorp reiterated a “buy” rating and set a $415.00 target price on shares of Sherwin-Williams in a report on Sunday, September 3rd. Finally, Bank of America Corporation upgraded Sherwin-Williams from an “underperform” rating to a “buy” rating and raised their target price for the company from $325.00 to $435.00 in a report on Thursday, October 5th. Two analysts have rated the stock with a sell rating, seven have given a hold rating and twelve have given a buy rating to the stock. The company currently has a consensus rating of “Hold” and an average price target of $398.25.
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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.
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