Sherwin-Williams Co (NYSE:SHW) Stake Lowered by Strategic Wealth Partners Ltd.

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Strategic Wealth Partners Ltd. cut its holdings in Sherwin-Williams Co (NYSE:SHW) by 17.3% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 2,025 shares of the specialty chemicals company’s stock after selling 425 shares during the quarter. Strategic Wealth Partners Ltd.’s holdings in Sherwin-Williams were worth $825,000 as of its most recent SEC filing.

Several other institutional investors have also bought and sold shares of the company. Northstar Asset Management LLC increased its position in shares of Sherwin-Williams by 5.7% during the second quarter. Northstar Asset Management LLC now owns 3,340 shares of the specialty chemicals company’s stock worth $1,361,000 after purchasing an additional 180 shares in the last quarter. Davidson Kempner Capital Management LP purchased a new stake in Sherwin-Williams in the 2nd quarter valued at $40,757,000. SRS Capital Advisors Inc. grew its holdings in Sherwin-Williams by 31.7% in the 2nd quarter. SRS Capital Advisors Inc. now owns 756 shares of the specialty chemicals company’s stock valued at $308,000 after buying an additional 182 shares in the last quarter. Carnegie Capital Asset Management LLC grew its holdings in Sherwin-Williams by 5.7% in the 2nd quarter. Carnegie Capital Asset Management LLC now owns 39,472 shares of the specialty chemicals company’s stock valued at $17,195,000 after buying an additional 2,114 shares in the last quarter. Finally, Gifford Fong Associates purchased a new stake in Sherwin-Williams in the 2nd quarter valued at $408,000. Institutional investors and hedge funds own 78.91% of the company’s stock.

In other news, SVP Thomas P. Gilligan sold 5,080 shares of the stock in a transaction dated Tuesday, August 28th. The stock was sold at an average price of $458.04, for a total value of $2,326,843.20. Following the transaction, the senior vice president now owns 7,043 shares in the company, valued at approximately $3,225,975.72. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, SVP Jane M. Cronin sold 858 shares of the stock in a transaction dated Friday, August 3rd. The shares were sold at an average price of $443.16, for a total value of $380,231.28. Following the completion of the transaction, the senior vice president now owns 3,257 shares in the company, valued at approximately $1,443,372.12. The disclosure for this sale can be found here. In the last quarter, insiders sold 34,775 shares of company stock worth $15,411,619. Company insiders own 0.78% of the company’s stock.

SHW has been the subject of several analyst reports. Zacks Investment Research upgraded Sherwin-Williams from a “hold” rating to a “buy” rating and set a $494.00 target price for the company in a report on Wednesday, August 1st. Seaport Global Securities restated a “buy” rating and issued a $475.00 target price on shares of Sherwin-Williams in a report on Friday, July 27th. Northcoast Research restated a “buy” rating and issued a $465.00 target price on shares of Sherwin-Williams in a report on Friday, July 27th. ValuEngine raised Sherwin-Williams from a “hold” rating to a “buy” rating in a research note on Thursday, July 26th. Finally, Bank of America upped their price target on Sherwin-Williams from $470.00 to $500.00 and gave the company a “buy” rating in a research note on Wednesday, July 25th. Eleven research analysts have rated the stock with a hold rating, twelve have given a buy rating and one has assigned a strong buy rating to the stock. Sherwin-Williams has an average rating of “Buy” and a consensus price target of $469.42.

NYSE SHW traded down $0.25 during trading hours on Friday, hitting $406.97. 846,634 shares of the company were exchanged, compared to its average volume of 673,189. The company has a debt-to-equity ratio of 2.59, a current ratio of 1.20 and a quick ratio of 0.75. Sherwin-Williams Co has a 52-week low of $362.36 and a 52-week high of $479.64. The company has a market cap of $42.51 billion, a price-to-earnings ratio of 28.52, a price-to-earnings-growth ratio of 1.87 and a beta of 1.24.

Sherwin-Williams (NYSE:SHW) last issued its quarterly earnings results on Tuesday, July 24th. The specialty chemicals company reported $5.73 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $5.59 by $0.14. Sherwin-Williams had a return on equity of 46.68% and a net margin of 10.84%. The company had revenue of $4.77 billion for the quarter, compared to the consensus estimate of $4.65 billion. During the same quarter in the prior year, the business earned $4.52 EPS. Sherwin-Williams’s revenue was up 27.8% on a year-over-year basis. Equities research analysts anticipate that Sherwin-Williams Co will post 19.3 earnings per share for the current fiscal year.

Sherwin-Williams Profile

The Sherwin-Williams Company develops, manufactures, distributes, and sells paints, coatings, and related products to professional, industrial, commercial, and retail customers primarily in North and South America, the Caribbean, Europe, Asia, and Australia. The company operates in three segments: The Americas Group, Consumer Brands Group, and Performance Coatings Group.

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

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