Monetary Management Group Inc. Raises Holdings in The Sherwin-Williams Company (NYSE:SHW)

Monetary Management Group Inc. lifted its holdings in shares of The Sherwin-Williams Company (NYSE:SHW) by 291.8% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 9,153 shares of the specialty chemicals company’s stock after purchasing an additional 6,817 shares during the period. Monetary Management Group Inc.’s holdings in The Sherwin-Williams were worth $2,494,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of SHW. Gradient Investments LLC increased its stake in shares of The Sherwin-Williams by 217.2% during the 2nd quarter. Gradient Investments LLC now owns 92 shares of the specialty chemicals company’s stock worth $25,000 after purchasing an additional 63 shares in the last quarter. FFT Wealth Management LLC purchased a new position in shares of The Sherwin-Williams during the 2nd quarter worth approximately $25,000. Corbenic Partners LLC increased its stake in shares of The Sherwin-Williams by 200.0% during the 2nd quarter. Corbenic Partners LLC now owns 105 shares of the specialty chemicals company’s stock worth $29,000 after purchasing an additional 70 shares in the last quarter. Tarbox Family Office Inc. increased its stake in shares of The Sherwin-Williams by 200.0% during the 2nd quarter. Tarbox Family Office Inc. now owns 105 shares of the specialty chemicals company’s stock worth $29,000 after purchasing an additional 70 shares in the last quarter. Finally, RE Advisers Corp purchased a new position in shares of The Sherwin-Williams during the 2nd quarter worth approximately $34,000. 75.94% of the stock is owned by institutional investors and hedge funds.

The Sherwin-Williams stock traded down $2.54 during midday trading on Monday, hitting $289.26. 11,924 shares of the stock were exchanged, compared to its average volume of 1,250,628. The Sherwin-Williams Company has a 1 year low of $218.06 and a 1 year high of $310.43. The firm has a market cap of $76.16 billion, a P/E ratio of 36.61, a P/E/G ratio of 2.60 and a beta of 1.08. The company has a debt-to-equity ratio of 2.68, a current ratio of 0.84 and a quick ratio of 0.55. The company has a 50 day moving average price of $297.27 and a two-hundred day moving average price of $282.38.

The Sherwin-Williams (NYSE:SHW) last released its earnings results on Monday, July 26th. The specialty chemicals company reported $2.65 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $2.68 by ($0.03). The company had revenue of $5.38 billion during the quarter, compared to the consensus estimate of $5.39 billion. The Sherwin-Williams had a return on equity of 72.71% and a net margin of 11.05%. The Sherwin-Williams’s revenue for the quarter was up 16.9% on a year-over-year basis. During the same period in the previous year, the firm posted $7.10 EPS. As a group, analysts predict that The Sherwin-Williams Company will post 9.18 EPS for the current year.

The company also recently announced a quarterly dividend, which was paid on Friday, September 10th. Shareholders of record on Friday, August 20th were paid a dividend of $0.55 per share. This represents a $2.20 dividend on an annualized basis and a yield of 0.76%. The ex-dividend date of this dividend was Thursday, August 19th. The Sherwin-Williams’s payout ratio is 26.86%.

In other news, insider Joseph F. Sladek sold 432 shares of the company’s stock in a transaction that occurred on Monday, September 13th. The shares were sold at an average price of $302.32, for a total value of $130,602.24. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, SVP Jane M. Cronin sold 7,722 shares of the business’s stock in a transaction that occurred on Monday, August 16th. The stock was sold at an average price of $308.22, for a total transaction of $2,380,074.84. Following the completion of the sale, the senior vice president now owns 17,094 shares in the company, valued at $5,268,712.68. The disclosure for this sale can be found here. Insiders have sold a total of 215,997 shares of company stock valued at $62,880,055 over the last three months. 0.51% of the stock is currently owned by company insiders.

A number of analysts recently issued reports on SHW shares. BMO Capital Markets raised their target price on shares of The Sherwin-Williams from $300.00 to $307.00 and gave the stock an “outperform” rating in a research report on Wednesday, July 28th. Loop Capital raised their target price on shares of The Sherwin-Williams from $300.00 to $310.00 and gave the stock a “buy” rating in a research report on Wednesday, June 9th. JPMorgan Chase & Co. raised their target price on shares of The Sherwin-Williams from $310.00 to $330.00 and gave the stock an “overweight” rating in a research report on Thursday, September 9th. Bank of America upgraded shares of The Sherwin-Williams from an “underperform” rating to a “buy” rating and raised their target price for the stock from $222.00 to $325.00 in a research report on Thursday, June 10th. Finally, Barclays raised their target price on shares of The Sherwin-Williams from $299.00 to $305.00 and gave the stock an “equal weight” rating in a research report on Wednesday, July 28th. Four equities research analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the company. According to MarketBeat, the stock has an average rating of “Buy” and an average target price of $331.75.

About The Sherwin-Williams

The Sherwin-Williams Co engages in the manufacture and trade of paint and coatings. It operates through the following segments: America Group, Consumer Brands Group, and Performance Coating Group. The America Group segment manages the exclusive outlets for Sherwin-Williams branded paints, stains, supplies, equipment, and floor covering.

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

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