WCM Investment Management LLC raised its position in Sherwin-Williams Co (NYSE:SHW) by 15.7% in the 2nd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 213,108 shares of the specialty chemicals company’s stock after purchasing an additional 28,891 shares during the period. Sherwin-Williams makes up about 0.6% of WCM Investment Management LLC’s investment portfolio, making the stock its 29th biggest holding. WCM Investment Management LLC owned about 0.23% of Sherwin-Williams worth $97,665,000 at the end of the most recent reporting period.
A number of other large investors have also recently modified their holdings of the business. Investors Research Corp bought a new stake in shares of Sherwin-Williams during the first quarter worth $25,000. Thor Advisors LLC acquired a new position in Sherwin-Williams during the first quarter worth $25,000. Hexavest Inc. acquired a new position in Sherwin-Williams during the second quarter worth $27,000. Next Capital Management LLC acquired a new position in Sherwin-Williams during the second quarter worth $27,000. Finally, Penserra Capital Management LLC acquired a new position in Sherwin-Williams during the first quarter worth $28,000. 76.72% of the stock is owned by hedge funds and other institutional investors.
SHW has been the subject of several recent research reports. Buckingham Research increased their target price on shares of Sherwin-Williams from $440.00 to $460.00 and gave the stock a “neutral” rating in a report on Wednesday, July 24th. ValuEngine upgraded shares of Sherwin-Williams from a “hold” rating to a “buy” rating in a report on Friday, June 7th. Royal Bank of Canada increased their target price on shares of Sherwin-Williams to $550.00 and gave the stock an “outperform” rating in a report on Thursday, July 25th. Wolfe Research cut shares of Sherwin-Williams from an “outperform” rating to a “peer perform” rating in a report on Thursday, April 25th. Finally, UBS Group increased their target price on shares of Sherwin-Williams from $448.00 to $460.00 and gave the stock a “neutral” rating in a report on Wednesday, April 24th. Nine research analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and a consensus price target of $518.63.
Sherwin-Williams (NYSE:SHW) last posted its earnings results on Tuesday, July 23rd. The specialty chemicals company reported $6.57 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $6.35 by $0.22. The company had revenue of $4.88 billion during the quarter, compared to analysts’ expectations of $4.94 billion. Sherwin-Williams had a net margin of 6.61% and a return on equity of 48.92%. Sherwin-Williams’s quarterly revenue was up 2.2% compared to the same quarter last year. During the same quarter last year, the company posted $5.73 EPS. As a group, equities research analysts expect that Sherwin-Williams Co will post 21.1 EPS for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Friday, September 6th. Investors of record on Friday, August 16th will be given a dividend of $1.13 per share. This represents a $4.52 dividend on an annualized basis and a yield of 0.86%. The ex-dividend date of this dividend is Thursday, August 15th. Sherwin-Williams’s dividend payout ratio is 24.39%.
In other Sherwin-Williams news, Director David F. Hodnik sold 501 shares of the firm’s stock in a transaction dated Thursday, August 1st. The shares were sold at an average price of $521.57, for a total value of $261,306.57. Following the transaction, the director now directly owns 9,569 shares of the company’s stock, valued at approximately $4,990,903.33. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, SVP Jane M. Cronin sold 1,627 shares of Sherwin-Williams stock in a transaction that occurred on Wednesday, July 31st. The shares were sold at an average price of $515.00, for a total transaction of $837,905.00. Following the sale, the senior vice president now directly owns 3,598 shares in the company, valued at $1,852,970. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 31,608 shares of company stock worth $15,329,391. 0.50% of the stock is owned by insiders.
The Sherwin-Williams Company develops, manufactures, distributes, and sells paints, coatings, and related products to professional, industrial, commercial, and retail customers. It operates in three segments: The Americas Group, Consumer Brands Group, and Performance Coatings Group. The Americas Group segment offers architectural paints and coatings, and protective and marine products, as well as OEM product finishes and related products for architectural and industrial paint contractors and do-it-yourself homeowners.
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