Waterloo Capital L.P. Sells 124 Shares of The Sherwin-Williams Company (NYSE:SHW)

Waterloo Capital L.P. cut its position in shares of The Sherwin-Williams Company (NYSE:SHW) by 15.2% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 690 shares of the specialty chemicals company’s stock after selling 124 shares during the period. Waterloo Capital L.P.’s holdings in Sherwin-Williams were worth $206,000 at the end of the most recent quarter.

A number of other hedge funds have also recently modified their holdings of the business. Valeo Financial Advisors LLC grew its holdings in shares of Sherwin-Williams by 7.9% in the second quarter. Valeo Financial Advisors LLC now owns 2,636 shares of the specialty chemicals company’s stock worth $787,000 after purchasing an additional 193 shares during the last quarter. Massmutual Trust Co. FSB ADV raised its position in shares of Sherwin-Williams by 7.2% in the 1st quarter. Massmutual Trust Co. FSB ADV now owns 1,533 shares of the specialty chemicals company’s stock worth $532,000 after acquiring an additional 103 shares in the last quarter. Brevan Howard Capital Management LP raised its holdings in Sherwin-Williams by 259.1% in the fourth quarter. Brevan Howard Capital Management LP now owns 6,998 shares of the specialty chemicals company’s stock worth $2,183,000 after purchasing an additional 5,049 shares in the last quarter. Transcend Capital Advisors LLC lifted its position in Sherwin-Williams by 24.1% during the second quarter. Transcend Capital Advisors LLC now owns 7,805 shares of the specialty chemicals company’s stock valued at $2,329,000 after acquiring an additional 1,514 shares during the last quarter. Finally, Park Avenue Securities LLC lifted its holdings in shares of Sherwin-Williams by 11.6% during the 1st quarter. Park Avenue Securities LLC now owns 4,331 shares of the specialty chemicals company’s stock valued at $1,504,000 after purchasing an additional 449 shares during the last quarter. Institutional investors own 77.67% of the company’s stock.

Analyst Ratings Changes

Several brokerages recently commented on SHW. Jefferies Financial Group increased their price objective on shares of Sherwin-Williams from $392.00 to $415.00 and gave the company a “buy” rating in a research report on Monday, August 26th. The Goldman Sachs Group raised their price objective on shares of Sherwin-Williams from $344.00 to $390.00 and gave the stock a “buy” rating in a research note on Wednesday, July 24th. Royal Bank of Canada reiterated an “outperform” rating and issued a $418.00 target price on shares of Sherwin-Williams in a research note on Friday, August 30th. Redburn Atlantic upgraded shares of Sherwin-Williams to a “strong-buy” rating in a research report on Thursday, July 18th. Finally, Evercore ISI upped their price objective on shares of Sherwin-Williams from $365.00 to $380.00 and gave the stock an “outperform” rating in a research report on Friday, August 30th. One analyst has rated the stock with a sell rating, seven have issued a hold rating, fourteen have issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, Sherwin-Williams has a consensus rating of “Moderate Buy” and a consensus target price of $362.68.

Sherwin-Williams Trading Up 1.2 %

NYSE SHW opened at $379.77 on Friday. The firm has a market cap of $95.80 billion, a price-to-earnings ratio of 40.49, a PEG ratio of 2.98 and a beta of 1.17. The Sherwin-Williams Company has a one year low of $232.06 and a one year high of $382.83. 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 firm has a 50 day simple moving average of $352.62 and a 200-day simple moving average of $328.03.

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

Sherwin-Williams Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, September 6th. Shareholders of record on Friday, August 16th were paid a $0.715 dividend. This represents a $2.86 dividend on an annualized basis and a yield of 0.75%. The ex-dividend date of this dividend was Friday, August 16th. Sherwin-Williams’s dividend payout ratio is presently 30.49%.

Insiders Place Their Bets

In other 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 transaction, the chief financial officer now owns 63,520 shares in the company, valued at approximately $23,301,041.60. The sale was disclosed in a document filed with the SEC, which is available at this link. 0.60% of the stock is owned by company insiders.

Sherwin-Williams Profile

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.