The Sherwin-Williams Company (NYSE:SHW) Holdings Lifted by 1832 Asset Management L.P.

1832 Asset Management L.P. grew its position in The Sherwin-Williams Company (NYSE:SHW) by 54.0% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 1,416,257 shares of the specialty chemicals company’s stock after purchasing an additional 496,326 shares during the period. 1832 Asset Management L.P. owned approximately 0.56% of Sherwin-Williams worth $422,654,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently bought and sold shares of SHW. Waterloo Capital L.P. bought a new position in shares of Sherwin-Williams in the fourth quarter valued at approximately $360,000. Valeo Financial Advisors LLC boosted 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 valued at $787,000 after acquiring an additional 193 shares in the last quarter. Massmutual Trust Co. FSB ADV boosted its holdings in shares of Sherwin-Williams by 7.2% in the first quarter. Massmutual Trust Co. FSB ADV now owns 1,533 shares of the specialty chemicals company’s stock valued at $532,000 after acquiring an additional 103 shares in the last quarter. Brevan Howard Capital Management LP boosted its holdings in shares of 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 valued at $2,183,000 after acquiring an additional 5,049 shares in the last quarter. Finally, Transcend Capital Advisors LLC boosted its holdings in shares of Sherwin-Williams by 24.1% in 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 in the last quarter. Institutional investors own 77.67% of the company’s stock.

Insider Transactions at Sherwin-Williams

In other news, CFO Allen J. Mistysyn sold 14,520 shares of the stock in a transaction on Friday, August 30th. The shares were sold at an average price of $366.83, for a total transaction of $5,326,371.60. Following 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 accessible through the SEC website. 0.60% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

SHW has been the subject of several recent analyst reports. KeyCorp increased their price objective on shares of Sherwin-Williams from $400.00 to $410.00 and gave the company an “overweight” rating in a report on Wednesday, July 24th. Robert W. Baird increased their target price on shares of Sherwin-Williams from $310.00 to $325.00 and gave the company a “neutral” rating in a research note on Wednesday, July 24th. Wells Fargo & Company increased their target price on shares of Sherwin-Williams from $320.00 to $350.00 and gave the company an “equal weight” rating in a research note on Wednesday, July 24th. Evercore ISI increased their target price on shares of Sherwin-Williams from $365.00 to $380.00 and gave the company an “outperform” rating in a research note on Friday, August 30th. Finally, UBS Group increased their target price on shares of Sherwin-Williams from $375.00 to $412.00 and gave the company a “buy” rating in a research note on Friday, August 30th. One analyst has rated the stock with a sell rating, six have given a hold rating, fifteen have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, Sherwin-Williams has an average rating of “Moderate Buy” and a consensus target price of $362.68.

Sherwin-Williams Stock Down 0.3 %

SHW stock opened at $378.52 on Friday. The Sherwin-Williams Company has a 12-month low of $232.06 and a 12-month high of $382.83. The company has a quick ratio of 0.50, a current ratio of 0.81 and a debt-to-equity ratio of 2.17. The company has a market cap of $95.97 billion, a price-to-earnings ratio of 40.35, a PEG ratio of 2.98 and a beta of 1.17. The company has a 50 day moving average of $353.82 and a two-hundred day moving average of $328.28.

Sherwin-Williams (NYSE:SHW) last released its earnings results on Tuesday, July 23rd. The specialty chemicals company reported $3.70 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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 the consensus estimate of $6.33 billion. During the same quarter in the prior year, the firm earned $3.29 EPS. The company’s revenue was up .5% compared to the same quarter last year. On average, equities analysts anticipate that The Sherwin-Williams Company will post 11.47 earnings per share for the current fiscal year.

Sherwin-Williams Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, September 6th. Stockholders of record on Friday, August 16th were paid 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 (DPR) is 30.49%.

Sherwin-Williams Company 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.