Northstar Asset Management LLC Holds Stake in Sherwin-Williams Company (The) (SHW)

Northstar Asset Management LLC maintained its position in shares of Sherwin-Williams Company (The) (NYSE:SHW) during the second quarter, according to its most recent 13F filing with the SEC. The firm owned 1,915 shares of the specialty chemicals company’s stock at the end of the second quarter. Northstar Asset Management LLC’s holdings in Sherwin-Williams Company (The) were worth $672,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in the company. Thrivent Financial for Lutherans increased its position in shares of Sherwin-Williams Company (The) by 7.6% in the fourth quarter. Thrivent Financial for Lutherans now owns 2,830 shares of the specialty chemicals company’s stock valued at $761,000 after buying an additional 200 shares during the last quarter. Quadrature Capital Ltd acquired a new position in shares of Sherwin-Williams Company (The) during the fourth quarter valued at approximately $218,000. Migdal Insurance & Financial Holdings Ltd. acquired a new position in shares of Sherwin-Williams Company (The) during the fourth quarter valued at approximately $585,000. Perigon Wealth Management LLC increased its position in shares of Sherwin-Williams Company (The) by 15.7% in the fourth quarter. Perigon Wealth Management LLC now owns 7,341 shares of the specialty chemicals company’s stock valued at $2,296,000 after buying an additional 998 shares during the last quarter. Finally, Hudson Bay Capital Management LP increased its position in shares of Sherwin-Williams Company (The) by 113.8% in the fourth quarter. Hudson Bay Capital Management LP now owns 6,308 shares of the specialty chemicals company’s stock valued at $1,695,000 after buying an additional 3,358 shares during the last quarter. 72.69% of the stock is currently owned by institutional investors and hedge funds.

Sherwin-Williams Company (SHW) traded down 0.18% during trading on Friday, hitting $328.97. 553,832 shares of the stock were exchanged. The firm’s 50-day moving average is $344.62 and its 200 day moving average is $329.62. Sherwin-Williams Company has a 52 week low of $239.48 and a 52 week high of $362.57. The firm has a market cap of $30.54 billion, a PE ratio of 27.12 and a beta of 1.23.

Sherwin-Williams Company (The) (NYSE:SHW) last released its quarterly earnings data on Thursday, July 20th. The specialty chemicals company reported $4.52 earnings per share (EPS) for the quarter, missing the consensus estimate of $4.54 by $0.02. Sherwin-Williams Company (The) had a net margin of 9.14% and a return on equity of 63.81%. The company had revenue of $3.74 billion for the quarter, compared to the consensus estimate of $3.83 billion. During the same quarter in the previous year, the business earned $4.06 EPS. The company’s quarterly revenue was up 16.0% on a year-over-year basis. Analysts expect that Sherwin-Williams Company will post $15.00 earnings per share for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Friday, September 8th. Investors of record on Friday, August 18th will be given a $0.85 dividend. This represents a $3.40 annualized dividend and a yield of 1.03%. The ex-dividend date of this dividend is Wednesday, August 16th. Sherwin-Williams Company (The)’s dividend payout ratio is presently 28.05%.

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Several research analysts recently weighed in on SHW shares. Credit Suisse Group set a $344.00 price objective on shares of Sherwin-Williams Company (The) and gave the stock a “buy” rating in a research report on Thursday, April 20th. Barclays PLC boosted their price objective on shares of Sherwin-Williams Company (The) from $310.00 to $335.00 and gave the stock an “equal weight” rating in a research report on Monday, April 24th. Zacks Investment Research upgraded shares of Sherwin-Williams Company (The) from a “hold” rating to a “buy” rating and set a $371.00 price objective for the company in a research report on Thursday, April 27th. Morgan Stanley restated an “overweight” rating and issued a $375.00 price objective (up previously from $335.00) on shares of Sherwin-Williams Company (The) in a research report on Wednesday, May 17th. Finally, Jefferies Group LLC started coverage on shares of Sherwin-Williams Company (The) in a research report on Friday, May 26th. They issued a “hold” rating and a $364.00 price objective for the company. Two analysts have rated the stock with a sell rating, eight have given a hold rating and thirteen have given a buy rating to the stock. Sherwin-Williams Company (The) presently has an average rating of “Hold” and a consensus price target of $360.10.

Sherwin-Williams Company (The) Company Profile

The Sherwin-Williams Company (Sherwin-Williams) is engaged in the development, manufacture, distribution and sale of paint, coatings and related products. The Company’s segments are Paint Stores Group, Consumer Group, Global Finishes Group, Latin America Coatings Group and Administrative. The Paint Stores Group markets and sells Sherwin-Williams branded architectural paint and coatings, protective and marine products, original equipment manufacturer (OEM) product finishes and related items.

Institutional Ownership by Quarter for Sherwin-Williams Company (The) (NYSE:SHW)

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