1832 Asset Management L.P. Has $422.65 Million Holdings in The Sherwin-Williams Company (NYSE:SHW)

1832 Asset Management L.P. boosted its position in The Sherwin-Williams Company (NYSE:SHW) by 54.0% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 1,416,257 shares of the specialty chemicals company’s stock after buying an additional 496,326 shares during the quarter. 1832 Asset Management L.P.’s holdings in Sherwin-Williams were worth $422,654,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of SHW. HHM Wealth Advisors LLC grew its stake in Sherwin-Williams by 102.3% in the 2nd quarter. HHM Wealth Advisors LLC now owns 89 shares of the specialty chemicals company’s stock valued at $27,000 after buying an additional 45 shares during the last quarter. VitalStone Financial LLC grew its stake in Sherwin-Williams by 233.3% in the 2nd quarter. VitalStone Financial LLC now owns 110 shares of the specialty chemicals company’s stock valued at $33,000 after buying an additional 77 shares during the last quarter. Anfield Capital Management LLC acquired a new position in Sherwin-Williams in the 2nd quarter valued at $38,000. Meeder Asset Management Inc. acquired a new position in Sherwin-Williams in the 2nd quarter valued at $41,000. Finally, Northwest Investment Counselors LLC bought a new stake in Sherwin-Williams in the 1st quarter valued at $47,000. 77.67% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other Sherwin-Williams news, CFO Allen J. Mistysyn sold 14,520 shares of the business’s stock in a transaction dated Friday, August 30th. The shares were sold at an average price of $366.83, for a total value of $5,326,371.60. Following the completion of the transaction, the chief financial officer now directly owns 63,520 shares of the company’s stock, valued at $23,301,041.60. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Insiders own 0.60% of the company’s stock.

Analyst Ratings Changes

A number of brokerages have weighed in on SHW. Barclays increased their price target on shares of Sherwin-Williams from $315.00 to $355.00 and gave the company an “equal weight” rating in a report on Wednesday, July 24th. Jefferies Financial Group increased their price target on shares of Sherwin-Williams from $392.00 to $415.00 and gave the company a “buy” rating in a report on Monday, August 26th. UBS Group increased their price target on shares of Sherwin-Williams from $375.00 to $412.00 and gave the company a “buy” rating in a report on Friday, August 30th. Morgan Stanley increased their price target on shares of Sherwin-Williams from $338.00 to $375.00 and gave the company an “overweight” rating in a report on Wednesday, July 24th. Finally, StockNews.com raised shares of Sherwin-Williams from a “hold” rating to a “buy” rating in a report on Friday. One research analyst has rated the stock with a sell rating, six have assigned a hold rating, fifteen have given a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $362.68.

Sherwin-Williams Price Performance

NYSE:SHW opened at $378.52 on Friday. The firm has a market cap of $95.97 billion, a PE ratio of 40.35, a price-to-earnings-growth ratio of 2.98 and a beta of 1.17. The Sherwin-Williams Company has a 12 month low of $232.06 and a 12 month high of $382.83. 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 company’s 50-day moving average price is $353.82 and its two-hundred day moving average price is $328.28.

Sherwin-Williams (NYSE:SHW) last released its quarterly earnings results on Tuesday, July 23rd. The specialty chemicals company reported $3.70 EPS for the quarter, beating analysts’ consensus estimates of $3.51 by $0.19. The firm had revenue of $6.27 billion for 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%. The company’s revenue for the quarter was up .5% compared to the same quarter last year. During the same period in the previous year, the business earned $3.29 earnings per share. On average, equities analysts anticipate that The Sherwin-Williams Company will post 11.47 EPS for the current fiscal year.

Sherwin-Williams Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, September 6th. Shareholders 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 is presently 30.49%.

About Sherwin-Williams

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.