Fiduciary Group LLC trimmed its holdings in The Sherwin-Williams Company (NYSE:SHW – Free Report) by 11.3% in the 2nd quarter, HoldingsChannel.com reports. The fund owned 728 shares of the specialty chemicals company’s stock after selling 93 shares during the quarter. Fiduciary Group LLC’s holdings in Sherwin-Williams were worth $217,000 as of its most recent SEC filing.
Other hedge funds also recently modified their holdings of the company. Foundations Investment Advisors LLC boosted its holdings in Sherwin-Williams by 18.8% in the fourth quarter. Foundations Investment Advisors LLC now owns 1,060 shares of the specialty chemicals company’s stock worth $328,000 after purchasing an additional 168 shares in the last quarter. Quadrant Capital Group LLC lifted its position in shares of Sherwin-Williams by 10.3% in the fourth quarter. Quadrant Capital Group LLC now owns 1,682 shares of the specialty chemicals company’s stock worth $525,000 after buying an additional 157 shares during the last quarter. Panagora Asset Management Inc. boosted its stake in shares of Sherwin-Williams by 1.0% during the 4th quarter. Panagora Asset Management Inc. now owns 6,943 shares of the specialty chemicals company’s stock worth $2,166,000 after acquiring an additional 72 shares in the last quarter. Atlantic Edge Private Wealth Management LLC acquired a new position in shares of Sherwin-Williams during the 4th quarter valued at about $59,000. Finally, Great Lakes Advisors LLC lifted its holdings in Sherwin-Williams by 93.4% in the 4th quarter. Great Lakes Advisors LLC now owns 9,322 shares of the specialty chemicals company’s stock worth $2,907,000 after purchasing an additional 4,502 shares during the last quarter. Institutional investors and hedge funds own 77.67% of the company’s stock.
Insider Transactions at Sherwin-Williams
In related news, CFO Allen J. Mistysyn sold 14,520 shares of the firm’s stock in a transaction on Friday, August 30th. The stock was sold at an average price of $366.83, for a total transaction of $5,326,371.60. Following the completion of the sale, the chief financial officer now directly owns 63,520 shares of the company’s stock, valued at approximately $23,301,041.60. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 0.60% of the stock is owned by company insiders.
Analysts Set New Price Targets
Read Our Latest Stock Report on Sherwin-Williams
Sherwin-Williams Price Performance
Shares of SHW stock opened at $375.40 on Friday. The company has a debt-to-equity ratio of 2.17, a current ratio of 0.81 and a quick ratio of 0.50. The stock’s fifty day simple moving average is $346.75 and its 200 day simple moving average is $326.72. The Sherwin-Williams Company has a one year low of $232.06 and a one year high of $378.86. The firm has a market cap of $94.70 billion, a price-to-earnings ratio of 40.02, a P/E/G ratio of 2.92 and a beta of 1.17.
Sherwin-Williams (NYSE:SHW – Get Free Report) last issued its earnings results on Tuesday, July 23rd. The specialty chemicals company reported $3.70 EPS for the quarter, beating the consensus estimate of $3.51 by $0.19. The company had revenue of $6.27 billion for the quarter, compared to the consensus estimate of $6.33 billion. Sherwin-Williams had a net margin of 10.92% and a return on equity of 75.58%. The firm’s revenue for the quarter was up .5% compared to the same quarter last year. During the same quarter in the previous year, the company earned $3.29 EPS. On average, analysts expect that The Sherwin-Williams Company will post 11.47 earnings per share for the current fiscal year.
Sherwin-Williams Dividend Announcement
The company also recently announced a quarterly dividend, which was paid on Friday, September 6th. Stockholders of record on Friday, August 16th were paid a $0.715 dividend. This represents a $2.86 dividend on an annualized basis and a dividend yield of 0.76%. The ex-dividend date was Friday, August 16th. Sherwin-Williams’s dividend payout ratio (DPR) is currently 30.49%.
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.
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