Sherwin-Williams Co (NYSE:SHW) Shares Bought by CSat Investment Advisory L.P.

CSat Investment Advisory L.P. lifted its holdings in Sherwin-Williams Co (NYSE:SHW) by 69.6% in the first quarter, according to the company in its most recent filing with the SEC. The fund owned 502 shares of the specialty chemicals company’s stock after acquiring an additional 206 shares during the quarter. CSat Investment Advisory L.P.’s holdings in Sherwin-Williams were worth $216,000 at the end of the most recent quarter.

A number of other large investors have also recently bought and sold shares of SHW. King Luther Capital Management Corp grew its position in Sherwin-Williams by 7.3% during the 1st quarter. King Luther Capital Management Corp now owns 60,360 shares of the specialty chemicals company’s stock valued at $25,998,000 after purchasing an additional 4,125 shares during the last quarter. AlphaCrest Capital Management LLC lifted its stake in shares of Sherwin-Williams by 55.0% in the 1st quarter. AlphaCrest Capital Management LLC now owns 1,545 shares of the specialty chemicals company’s stock worth $665,000 after purchasing an additional 548 shares during the period. Campbell & CO Investment Adviser LLC bought a new position in shares of Sherwin-Williams in the 1st quarter worth approximately $238,000. Coldstream Capital Management Inc. bought a new position in shares of Sherwin-Williams in the 1st quarter worth approximately $215,000. Finally, Rockefeller Capital Management L.P. bought a new position in shares of Sherwin-Williams in the 1st quarter worth approximately $952,000. Institutional investors own 76.17% of the company’s stock.

In other Sherwin-Williams news, insider Robert F. Lynch sold 6,984 shares of Sherwin-Williams stock in a transaction on Monday, May 13th. The shares were sold at an average price of $430.54, for a total transaction of $3,006,891.36. Following the completion of the transaction, the insider now directly owns 13,855 shares of the company’s stock, valued at $5,965,131.70. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Jeff M. Fettig bought 500 shares of the firm’s stock in a transaction dated Wednesday, May 22nd. The shares were acquired at an average price of $432.07 per share, with a total value of $216,035.00. The disclosure for this purchase can be found here. Insiders have sold 26,471 shares of company stock valued at $12,202,129 over the last ninety days. 0.50% of the stock is owned by insiders.

SHW has been the topic of several recent research reports. Deutsche Bank increased their price objective on shares of Sherwin-Williams from $460.00 to $490.00 and gave the stock a “buy” rating in a research note on Wednesday, April 24th. Argus increased their price objective on shares of Sherwin-Williams from $480.00 to $527.00 and gave the stock a “buy” rating in a research note on Friday, April 26th. ValuEngine upgraded shares of Sherwin-Williams from a “hold” rating to a “buy” rating in a research note on Friday, June 7th. Barclays raised their target price on shares of Sherwin-Williams from $440.00 to $470.00 and gave the stock an “equal weight” rating in a research note on Wednesday, April 24th. Finally, Zacks Investment Research upgraded shares of Sherwin-Williams from a “sell” rating to a “hold” rating in a research note on Tuesday, March 19th. One analyst has rated the stock with a sell rating, nine have given a hold rating and fourteen have given a buy rating to the company. The company currently has a consensus rating of “Buy” and a consensus price target of $480.09.

Shares of SHW stock traded up $3.54 on Friday, reaching $458.29. The company’s stock had a trading volume of 549,000 shares, compared to its average volume of 618,568. The stock’s fifty day simple moving average is $448.07. Sherwin-Williams Co has a 1 year low of $355.28 and a 1 year high of $479.64. The company has a debt-to-equity ratio of 2.52, a current ratio of 0.96 and a quick ratio of 0.56. The stock has a market capitalization of $41.94 billion, a P/E ratio of 24.73, a price-to-earnings-growth ratio of 1.88 and a beta of 1.26.

Sherwin-Williams (NYSE:SHW) last posted its earnings results on Tuesday, April 23rd. The specialty chemicals company reported $3.60 earnings per share for the quarter, missing analysts’ consensus estimates of $3.63 by ($0.03). The business had revenue of $4.04 billion during the quarter, compared to analysts’ expectations of $4.09 billion. Sherwin-Williams had a net margin of 6.27% and a return on equity of 47.09%. The company’s revenue for the quarter was up 1.9% compared to the same quarter last year. During the same period last year, the business posted $3.57 earnings per share. On average, research analysts expect that Sherwin-Williams Co will post 21 earnings per share for the current year.

The company also recently disclosed a quarterly dividend, which was paid on Friday, May 31st. Shareholders of record on Friday, May 17th were paid a dividend of $1.13 per share. This represents a $4.52 annualized dividend and a yield of 0.99%. The ex-dividend date was Thursday, May 16th. Sherwin-Williams’s payout ratio is 24.39%.

Sherwin-Williams Profile

The Sherwin-Williams Company develops, manufactures, distributes, and sells paints, coatings, and related products to professional, industrial, commercial, and retail customers. It operates in three segments: The Americas Group, Consumer Brands Group, and Performance Coatings Group. The Americas Group segment offers architectural paints and coatings, and protective and marine products, as well as OEM product finishes and related products for architectural and industrial paint contractors and do-it-yourself homeowners.

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

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