Shares of The Sherwin-Williams Company (NYSE: SHW) sold by Oppenheimer Asset Management Inc.


Oppenheimer Asset Management Inc. reduced its stake in The Sherwin-Williams Company (NYSE: SHW – Get Rating) by 9.6% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The company held 24,879 shares of the specialty chemicals company after selling 2,656 shares during the period. Oppenheimer Asset Management Inc.’s holdings in Sherwin-Williams were worth $8,761,000 when it last filed with the SEC.

Other major investors have also changed their positions in the company. Morgan Stanley increased its stake in Sherwin-Williams by 123.4% in the second quarter. Morgan Stanley now owns 2,950,247 shares of the specialty chemicals company valued at $803,794,000 after buying an additional 1,629,745 shares last quarter. Jag Capital Management LLC increased its holdings of Sherwin-Williams stock by 3.5% in the third quarter. Jag Capital Management LLC now owns 25,460 shares of the specialty chemicals company valued at $7,122,000 after buying 855 additional shares last quarter. DekaBank Deutsche Girozentrale increased its holdings of Sherwin-Williams shares by 2.4% in the third quarter. DekaBank Deutsche Girozentrale now owns 41,942 shares of the specialty chemicals company valued at $11,865,000 after buying an additional 992 shares last quarter. James Investment Research Inc. increased its holdings of Sherwin-Williams shares by 3.0% during the third quarter. James Investment Research Inc. now owns 1,268 shares of the specialty chemicals company worth $355,000 after acquiring 37 additional shares last quarter. Finally, Eudaimonia Partners LLC increased its position in Sherwin-Williams by 120.1% during the third quarter. Eudaimonia Partners LLC now owns 3,533 shares of the specialty chemicals company worth $988,000 after buying 1,928 additional shares in the last quarter. 76.74% of the shares are held by institutional investors and hedge funds.

NYSE SHW shares opened at $263.76 on Monday. The company has a market capitalization of $68.72 billion, a price/earnings ratio of 37.90, a PEG ratio of 2.16 and a beta of 1.15. The company has a quick ratio of 0.55, a current ratio of 0.88 and a debt ratio of 3.52. The Sherwin-Williams Company has a 52-week low of $233.32 and a 52-week high of $354.15. The company’s 50-day moving average is $260.01 and its two-hundred-day moving average is $297.77.

Sherwin-Williams (NYSE:SHW – Get Rating) last released quarterly earnings data on Thursday, January 27. The specialty chemicals company reported earnings per share (EPS) of $1.34 for the quarter, missing the consensus estimate of $1.35 per ($0.01). Sherwin-Williams had a net margin of 9.35% and a return on equity of 78.98%. The company posted revenue of $4.76 billion in the quarter, versus analyst estimates of $4.76 billion. During the same quarter of the previous year, the company achieved EPS of $1.70. The company’s revenue increased 6.1% year over year. Analysts expect The Sherwin-Williams Company to post EPS of 9.41 for the current fiscal year.

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 11. Shareholders of record on Monday, February 28 received a dividend of $0.60 per share. This represents a dividend of $2.40 on an annualized basis and a dividend yield of 0.91%. This is a boost from Sherwin-Williams’ previous quarterly dividend of $0.55. The ex-dividend date was Friday, February 25. Sherwin-Williams’ dividend payout ratio (DPR) is 34.48%.

Several research companies have recently weighed in on SHW. Royal Bank of Canada lowered its price target on Sherwin-Williams shares from $360.00 to $332.00 and set an “outperform” rating for the company in a Wednesday, January 19 research report. KeyCorp cut its price target on Sherwin-Williams shares from $394.00 to $335.00 and set an “overweight” rating on the stock in a Monday, January 31 research report. Loop Capital lowered its price target on Sherwin-Williams shares from $345.00 to $300.00 and set a “buy” rating on the stock in a Wednesday, April 6 report. Barclays lowered its price target on Sherwin-Williams shares from $355.00 to $345.00 in a Tuesday, January 18 research note. Finally, StockNews.com supported coverage of Sherwin-Williams in a Thursday, March 31 research report. They issued a “holding” rating on the stock. Ten investment analysts gave the stock a hold rating and eleven gave the stock a buy rating. According to MarketBeat.com, the stock has a consensus buy quote and a consensus price target of $328.42.

In other Sherwin-Williams news, Chief Financial Officer Allen J. Mistysyn purchased 1,000 shares of the company in a trade dated Thursday, February 24. The shares were acquired at an average price of $253.91 per share, with a total value of $253,910.00. The purchase was disclosed in a filing with the SEC, which is available on the SEC’s website. Additionally, CEO John G. Morikis purchased 2,000 shares of the company in a transaction that took place on Friday, February 25. The shares were purchased at an average cost of $259.55 per share, for a total transaction of $519,100.00. Disclosure of this purchase can be found here. 0.48% of the shares are currently held by insiders of the company.

Profile of Sherwin-Williams (Get an assessment)

The Sherwin-Williams Company develops, manufactures, distributes and sells paints, coatings and related products to professional, industrial, commercial and retail customers. It operates through three segments: Americas Group, Consumer Brands Group and Performance Coatings Group. The Americas Group segment offers architectural paints and coatings, protective and marine products, as well as OEM product finishes and related products for architectural and industrial painting contractors and do-it-yourselfers.

See also

Want to see what other hedge funds hold SHW? Visit HoldingsChannel.com for the latest 13F filings and insider trading for The Sherwin-Williams Company (NYSE: SHW – Get Rating).

Institutional ownership by quarter for Sherwin-Williams (NYSE: SHW)



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