Capstone Asset Management Co. raised its stake in shares of Sherwin-Williams Co. (NYSE:SHW) by 7.2% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 14,906 shares of the company’s stock after buying an additional 1,007 shares during the period. Capstone Asset Management Co.’s holdings in Sherwin-Williams were worth $4,124,000 at the end of the most recent quarter.
Several other large investors have also made changes to their positions in the stock. Carroll Financial Associates Inc. raised its stake in shares of Sherwin-Williams by 2.9% in the third quarter. Carroll Financial Associates Inc. now owns 465 shares of the company’s stock valued at $128,000 after buying an additional 13 shares in the last quarter. PineBridge Investments L.P. raised its stake in shares of Sherwin-Williams by 109.7% in the second quarter. PineBridge Investments L.P. now owns 520 shares of the company’s stock valued at $153,000 after buying an additional 272 shares in the last quarter. Gilder Gagnon Howe & Co. LLC raised its stake in shares of Sherwin-Williams by 18.4% in the second quarter. Gilder Gagnon Howe & Co. LLC now owns 619 shares of the company’s stock valued at $182,000 after buying an additional 96 shares in the last quarter. Athena Capital Advisors LLC acquired a new stake in shares of Sherwin-Williams during the second quarter valued at about $206,000. Finally, Gerstein Fisher acquired a new stake in shares of Sherwin-Williams during the second quarter valued at about $207,000. 72.93% of the stock is owned by hedge funds and other institutional investors.
Sherwin-Williams Co. (NYSE:SHW) traded down 0.35% during mid-day trading on Monday, hitting $274.02. The company’s stock had a trading volume of 1,026,084 shares. Sherwin-Williams Co. has a 52-week low of $234.96 and a 52-week high of $312.48. The stock has a market cap of $25.21 billion, a P/E ratio of 22.86 and a beta of 0.98. The company’s 50 day moving average is $261.11 and its 200-day moving average is $283.04.
Sherwin-Williams (NYSE:SHW) last posted its quarterly earnings results on Tuesday, October 25th. The company reported $4.23 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $4.32 by $0.09. Sherwin-Williams had a return on equity of 97.87% and a net margin of 9.50%. The business earned $3.28 billion during the quarter, compared to analysts’ expectations of $3.29 billion. During the same quarter in the prior year, the firm earned $3.97 EPS. The firm’s revenue for the quarter was up 4.0% compared to the same quarter last year. On average, equities analysts predict that Sherwin-Williams Co. will post $12.34 EPS for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 2nd. Investors of record on Friday, November 18th will be given a dividend of $0.84 per share. This represents a $3.36 dividend on an annualized basis and a yield of 1.22%. The ex-dividend date is Wednesday, November 16th. Sherwin-Williams’s dividend payout ratio (DPR) is presently 28.57%.
Several equities research analysts have recently issued reports on the company. Zacks Investment Research lowered Sherwin-Williams from a “buy” rating to a “hold” rating in a research report on Thursday, October 27th. Vetr lowered Sherwin-Williams from a “strong-buy” rating to a “buy” rating and set a $292.87 target price for the company. in a research report on Thursday, November 10th. Evercore ISI upgraded Sherwin-Williams from a “hold” rating to a “buy” rating in a research note on Tuesday, November 8th. They noted that the move was a valuation call. Wells Fargo & Co. began coverage on Sherwin-Williams in a research note on Wednesday, September 28th. They set a “market perform” rating for the company. Finally, reiterated a “buy” rating and set a $350.00 price target on shares of Sherwin-Williams in a research note on Wednesday, September 14th. Four equities research analysts have rated the stock with a hold rating, thirteen have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. The company currently has an average rating of “Buy” and an average price target of $322.56.
In other news, Director John M. Stropki acquired 500 shares of Sherwin-Williams stock in a transaction that occurred on Thursday, October 27th. The stock was bought at an average price of $247.30 per share, for a total transaction of $123,650.00. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 1.89% of the company’s stock.
The Sherwin-Williams Company is engaged in the development, manufacture, distribution and sale of paint, coatings and related products. The Company has four operating segments: Paint Stores Group, Consumer Group, Global Finishes Group and Latin America Coatings Group. The Paint Stores Group markets and sells architectural paint and coatings, protective and marine products, original equipment manufacturer (OEM) product finishes and related items.