MBB Public Markets I LLC Buys 15,907 Shares of The Sherwin-Williams Company (NYSE:SHW)

MBB Public Markets I LLC increased its stake in shares of The Sherwin-Williams Company (NYSE:SHW) by 1,536.9% in the second quarter, HoldingsChannel reports. The firm owned 16,942 shares of the specialty chemicals company’s stock after buying an additional 15,907 shares during the period. MBB Public Markets I LLC’s holdings in Sherwin-Williams were worth $5,056,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in SHW. Waterloo Capital L.P. bought a new stake in shares of Sherwin-Williams in the 4th quarter valued at about $360,000. Valeo Financial Advisors LLC grew its holdings in Sherwin-Williams by 7.9% in the second quarter. Valeo Financial Advisors LLC now owns 2,636 shares of the specialty chemicals company’s stock worth $787,000 after purchasing an additional 193 shares during the last quarter. Massmutual Trust Co. FSB ADV grew its holdings in Sherwin-Williams by 7.2% in the first quarter. Massmutual Trust Co. FSB ADV now owns 1,533 shares of the specialty chemicals company’s stock worth $532,000 after purchasing an additional 103 shares during the last quarter. Brevan Howard Capital Management LP increased its position in shares of Sherwin-Williams by 259.1% during the fourth quarter. Brevan Howard Capital Management LP now owns 6,998 shares of the specialty chemicals company’s stock worth $2,183,000 after purchasing an additional 5,049 shares in the last quarter. Finally, Transcend Capital Advisors LLC lifted its holdings in shares of Sherwin-Williams by 24.1% during the 2nd quarter. Transcend Capital Advisors LLC now owns 7,805 shares of the specialty chemicals company’s stock valued at $2,329,000 after purchasing an additional 1,514 shares during the last quarter. Hedge funds and other institutional investors own 77.67% of the company’s stock.

Sherwin-Williams Trading Down 0.3 %

Shares of NYSE:SHW opened at $382.73 on Friday. The company has a current ratio of 0.81, a quick ratio of 0.50 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 $385.25. The business has a 50 day moving average of $358.47 and a two-hundred day moving average of $329.52. The company has a market capitalization of $96.55 billion, a PE ratio of 40.80, a PEG ratio of 3.00 and a beta of 1.17.

Sherwin-Williams (NYSE:SHW) last posted its earnings results 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. Sherwin-Williams had a net margin of 10.92% and a return on equity of 75.58%. The firm had revenue of $6.27 billion during the quarter, compared to analysts’ expectations of $6.33 billion. During the same period in the previous year, the business posted $3.29 EPS. The business’s revenue was up .5% compared to the same quarter last year. As a group, analysts forecast that The Sherwin-Williams Company will post 11.47 EPS for the current year.

Sherwin-Williams Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, September 6th. Stockholders of record on Friday, August 16th were given a dividend of $0.715 per share. This represents a $2.86 dividend on an annualized basis and a dividend yield of 0.75%. The ex-dividend date was Friday, August 16th. Sherwin-Williams’s dividend payout ratio (DPR) is presently 30.49%.

Wall Street Analysts Forecast Growth

SHW has been the topic of several recent analyst reports. Barclays upped their target price on Sherwin-Williams from $315.00 to $355.00 and gave the company an “equal weight” rating in a research report on Wednesday, July 24th. Royal Bank of Canada restated an “outperform” rating and set a $418.00 price objective on shares of Sherwin-Williams in a report on Friday, August 30th. UBS Group lifted their target price on shares of Sherwin-Williams from $375.00 to $412.00 and gave the stock a “buy” rating in a research note on Friday, August 30th. The Goldman Sachs Group upped their price target on shares of Sherwin-Williams from $344.00 to $390.00 and gave the company a “buy” rating in a research note on Wednesday, July 24th. Finally, StockNews.com downgraded shares of Sherwin-Williams from a “buy” rating to a “hold” rating in a research note on Saturday. One analyst has rated the stock with a sell rating, seven have issued a hold rating, fourteen have issued a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $362.68.

Insider Activity at Sherwin-Williams

In other Sherwin-Williams news, CFO Allen J. Mistysyn sold 14,520 shares of the stock in a transaction that occurred 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 transaction, the chief financial officer now owns 63,520 shares in the company, valued at $23,301,041.60. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 0.60% of the stock is owned by company insiders.

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.