The Sherwin-Williams Company (NYSE:SHW) Shares Acquired by GAMMA Investing LLC

GAMMA Investing LLC increased its position in The Sherwin-Williams Company (NYSE:SHW) by 28.0% in the second quarter, according to its most recent disclosure with the SEC. The institutional investor owned 2,770 shares of the specialty chemicals company’s stock after purchasing an additional 606 shares during the period. GAMMA Investing LLC’s holdings in Sherwin-Williams were worth $827,000 at the end of the most recent reporting period.

A number of other hedge funds have also bought and sold shares of the company. Vanguard Group Inc. boosted its stake in Sherwin-Williams by 0.9% in the first quarter. Vanguard Group Inc. now owns 21,620,939 shares of the specialty chemicals company’s stock valued at $7,509,601,000 after acquiring an additional 184,979 shares during the period. Capital World Investors boosted its stake in Sherwin-Williams by 38.9% in the fourth quarter. Capital World Investors now owns 3,840,789 shares of the specialty chemicals company’s stock valued at $1,197,952,000 after acquiring an additional 1,075,351 shares during the period. Norges Bank acquired a new position in Sherwin-Williams in the fourth quarter valued at approximately $1,176,356,000. Clearbridge Investments LLC boosted its stake in Sherwin-Williams by 4.4% in the fourth quarter. Clearbridge Investments LLC now owns 2,779,294 shares of the specialty chemicals company’s stock valued at $866,862,000 after acquiring an additional 116,647 shares during the period. Finally, Capital Research Global Investors boosted its stake in Sherwin-Williams by 2.3% in the fourth quarter. Capital Research Global Investors now owns 2,536,096 shares of the specialty chemicals company’s stock valued at $791,008,000 after acquiring an additional 56,161 shares during the period. 77.67% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of equities analysts have commented on SHW shares. Barclays lifted their target price on Sherwin-Williams from $315.00 to $355.00 and gave the company an “equal weight” rating in a research note on Wednesday, July 24th. Wells Fargo & Company boosted their target price on Sherwin-Williams from $320.00 to $350.00 and gave the stock an “equal weight” rating in a report on Wednesday, July 24th. JPMorgan Chase & Co. dropped their price target on Sherwin-Williams from $317.00 to $315.00 and set an “overweight” rating on the stock in a report on Wednesday, April 24th. Mizuho dropped their price target on Sherwin-Williams from $340.00 to $334.00 and set a “buy” rating on the stock in a report on Wednesday, April 24th. Finally, Loop Capital dropped their price target on Sherwin-Williams from $395.00 to $380.00 and set a “buy” rating on the stock in a report on Wednesday, April 24th. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating, thirteen have given a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, Sherwin-Williams has an average rating of “Moderate Buy” and a consensus price target of $355.00.

Sherwin-Williams Stock Down 1.3 %

Shares of Sherwin-Williams stock traded down $4.58 on Monday, hitting $342.67. 799,641 shares of the company traded hands, compared to its average volume of 1,610,827. 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 Sherwin-Williams Company has a 12-month low of $232.06 and a 12-month high of $356.69. The company has a 50-day moving average price of $311.61 and a 200 day moving average price of $316.73. The company has a market cap of $86.44 billion, a PE ratio of 37.02, a PEG ratio of 2.76 and a beta of 1.16.

Sherwin-Williams (NYSE:SHW) last released its quarterly earnings data on Tuesday, July 23rd. The specialty chemicals company reported $3.70 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.51 by $0.19. The business had revenue of $6.27 billion during the quarter, compared to analyst estimates of $6.33 billion. Sherwin-Williams had a net margin of 10.92% and a return on equity of 75.58%. Sherwin-Williams’s quarterly revenue was up .5% compared to the same quarter last year. During the same quarter in the previous year, the business earned $3.29 EPS. Sell-side analysts predict that The Sherwin-Williams Company will post 11.44 earnings per share for the current year.

Sherwin-Williams Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, September 6th. Shareholders of record on Friday, August 16th will be given a dividend of $0.715 per share. This represents a $2.86 dividend on an annualized basis and a yield of 0.83%. The ex-dividend date of this dividend is Friday, August 16th. Sherwin-Williams’s dividend payout ratio is 30.49%.

Insiders Place Their Bets

In related news, insider Jane M. Cronin 9,320 shares of Sherwin-Williams stock in a transaction dated Tuesday, July 30th. The was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 0.60% of the company’s stock.

Sherwin-Williams 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.