WCM Investment Management LLC grew its position in Sherwin-Williams Co (NYSE:SHW) by 1.1% in the first quarter, according to its most recent filing with the SEC. The fund owned 184,217 shares of the specialty chemicals company’s stock after acquiring an additional 2,054 shares during the period. WCM Investment Management LLC owned 0.20% of Sherwin-Williams worth $79,345,000 as of its most recent filing with the SEC.
Other institutional investors and hedge funds have also recently made changes to their positions in the company. Investors Research Corp acquired a new stake in Sherwin-Williams during the 1st quarter worth about $25,000. Berman Capital Advisors LLC acquired a new stake in Sherwin-Williams during the 4th quarter worth about $28,000. Penserra Capital Management LLC acquired a new stake in Sherwin-Williams during the 1st quarter worth about $28,000. Karp Capital Management Corp acquired a new stake in Sherwin-Williams during the 4th quarter worth about $33,000. Finally, JNBA Financial Advisors acquired a new stake in Sherwin-Williams during the 4th quarter worth about $35,000. Institutional investors own 76.17% of the company’s stock.
In other Sherwin-Williams news, Director Susan J. Kropf sold 1,000 shares of Sherwin-Williams stock in a transaction that occurred on Friday, June 14th. The shares were sold at an average price of $478.11, for a total transaction of $478,110.00. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider Robert F. Lynch sold 6,984 shares of Sherwin-Williams stock in a transaction that occurred on Monday, May 13th. The stock was sold at an average price of $430.54, for a total transaction of $3,006,891.36. Following the transaction, the insider now directly owns 13,855 shares in the company, valued at approximately $5,965,131.70. The disclosure for this sale can be found here. In the last three months, insiders have sold 26,471 shares of company stock worth $12,202,129. Insiders own 0.50% of the company’s stock.
Sherwin-Williams (NYSE:SHW) last announced its quarterly earnings results on Tuesday, April 23rd. The specialty chemicals company reported $3.60 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $3.63 by ($0.03). Sherwin-Williams had a net margin of 6.27% and a return on equity of 47.09%. The business had revenue of $4.04 billion during the quarter, compared to the consensus estimate of $4.09 billion. During the same period in the previous year, the business posted $3.57 EPS. Sherwin-Williams’s revenue was up 1.9% compared to the same quarter last year. On average, research analysts anticipate that Sherwin-Williams Co will post 21 EPS for the current fiscal year.
The firm also recently declared a quarterly dividend, which was paid on Friday, May 31st. Investors of record on Friday, May 17th were given a $1.13 dividend. The ex-dividend date of this dividend was Thursday, May 16th. This represents a $4.52 annualized dividend and a yield of 0.99%. Sherwin-Williams’s payout ratio is 24.39%.
A number of analysts have weighed in on the company. Wells Fargo & Co increased their price target on Sherwin-Williams from $475.00 to $510.00 and gave the stock an “outperform” rating in a report on Wednesday, April 24th. UBS Group increased their price target on Sherwin-Williams from $448.00 to $460.00 and gave the stock a “neutral” rating in a report on Wednesday, April 24th. Wolfe Research downgraded Sherwin-Williams from an “outperform” rating to a “peer perform” rating in a research note on Thursday, April 25th. ValuEngine upgraded Sherwin-Williams from a “hold” rating to a “buy” rating in a research note on Friday, June 7th. Finally, Northcoast Research downgraded Sherwin-Williams from a “buy” rating to a “neutral” rating and set a $465.96 target price for the company. in a research note on Tuesday. One equities research analyst has rated the stock with a sell rating, nine have assigned a hold rating and fourteen have given a buy rating to the company’s stock. The company has a consensus rating of “Buy” and an average target price of $480.09.
Sherwin-Williams Company 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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