WINTON GROUP Ltd Purchases New Holdings in The Sherwin-Williams Company (NYSE:SHW)

WINTON GROUP Ltd purchased a new stake in shares of The Sherwin-Williams Company (NYSE:SHW) during the 2nd quarter, according to its most recent filing with the SEC. The institutional investor purchased 1,068 shares of the specialty chemicals company’s stock, valued at approximately $319,000.

Other hedge funds also recently added to or reduced their stakes in the company. Balentine LLC bought a new position in Sherwin-Williams in the 4th quarter worth about $255,000. D.A. Davidson & CO. lifted its position in shares of Sherwin-Williams by 5.0% in the 4th quarter. D.A. Davidson & CO. now owns 7,396 shares of the specialty chemicals company’s stock worth $2,307,000 after purchasing an additional 353 shares during the period. Corient Private Wealth LLC lifted its position in shares of Sherwin-Williams by 46.4% in the 4th quarter. Corient Private Wealth LLC now owns 135,363 shares of the specialty chemicals company’s stock worth $42,220,000 after purchasing an additional 42,879 shares during the period. Assetmark Inc. lifted its position in shares of Sherwin-Williams by 19.5% in the 4th quarter. Assetmark Inc. now owns 5,924 shares of the specialty chemicals company’s stock worth $1,848,000 after purchasing an additional 966 shares during the period. Finally, Franklin Resources Inc. lifted its position in shares of Sherwin-Williams by 1.1% in the 4th quarter. Franklin Resources Inc. now owns 784,639 shares of the specialty chemicals company’s stock worth $244,729,000 after purchasing an additional 8,461 shares during the period. 77.67% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several brokerages have recently weighed in on SHW. Robert W. Baird upped their price target on shares of Sherwin-Williams from $310.00 to $325.00 and gave the stock a “neutral” rating in a research report on Wednesday, July 24th. BMO Capital Markets restated an “outperform” rating and set a $400.00 price target (up previously from $386.00) on shares of Sherwin-Williams in a research report on Wednesday, September 4th. Evercore ISI raised their price target on shares of Sherwin-Williams from $365.00 to $380.00 and gave the company an “outperform” rating in a research report on Friday, August 30th. KeyCorp lifted their target price on shares of Sherwin-Williams from $400.00 to $410.00 and gave the company an “overweight” rating in a research report on Wednesday, July 24th. Finally, Morgan Stanley lifted their target price on shares of Sherwin-Williams from $338.00 to $375.00 and gave the company an “overweight” rating in a research report on Wednesday, July 24th. One investment analyst has rated the stock with a sell rating, seven have given a hold rating, fourteen have assigned a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $362.68.

Sherwin-Williams Trading Down 0.7 %

Shares of SHW stock opened at $375.29 on Thursday. The company has a debt-to-equity ratio of 2.17, a quick ratio of 0.50 and a current ratio of 0.81. The stock has a market capitalization of $95.15 billion, a P/E ratio of 40.01, a price-to-earnings-growth ratio of 2.94 and a beta of 1.17. The company has a 50 day moving average price of $351.31 and a 200 day moving average price of $327.67. The Sherwin-Williams Company has a fifty-two week low of $232.06 and a fifty-two week high of $382.83.

Sherwin-Williams (NYSE:SHW) last posted its quarterly earnings results on Tuesday, July 23rd. The specialty chemicals company reported $3.70 EPS for the quarter, topping the consensus estimate of $3.51 by $0.19. Sherwin-Williams had a net margin of 10.92% and a return on equity of 75.58%. The company had revenue of $6.27 billion during the quarter, compared to analysts’ expectations of $6.33 billion. During the same quarter in the previous year, the business posted $3.29 EPS. The firm’s revenue was up .5% on a year-over-year basis. Equities research analysts predict that The Sherwin-Williams Company will post 11.47 EPS for the current fiscal year.

Sherwin-Williams Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, September 6th. Stockholders of record on Friday, August 16th were given a dividend of $0.715 per share. The ex-dividend date of this dividend was Friday, August 16th. This represents a $2.86 annualized dividend and a dividend yield of 0.76%. Sherwin-Williams’s dividend payout ratio is presently 30.49%.

Insider Transactions at Sherwin-Williams

In related news, CFO Allen J. Mistysyn sold 14,520 shares of the company’s stock in a transaction on Friday, August 30th. The shares were sold at an average price of $366.83, for a total value of $5,326,371.60. Following the completion of the sale, the chief financial officer now owns 63,520 shares in the company, valued at approximately $23,301,041.60. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Insiders own 0.60% of the company’s stock.

About Sherwin-Williams

The Sherwin-Williams Company engages in the development, manufacture, distribution, and sale of paints, coating, and related products to professional, industrial, commercial, and retail customers. It operates through three segments: Paint Stores Group, Consumer Brands Group, and Performance Coatings Group.