Rockefeller Capital Management L.P. Makes New $952,000 Investment in Sherwin-Williams Co (NYSE:SHW)

Rockefeller Capital Management L.P. purchased a new stake in Sherwin-Williams Co (NYSE:SHW) in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor purchased 2,209 shares of the specialty chemicals company’s stock, valued at approximately $952,000.

A number of other hedge funds and other institutional investors have also bought and sold shares of SHW. Griffin Asset Management Inc. boosted its position in Sherwin-Williams by 3.8% during the 1st quarter. Griffin Asset Management Inc. now owns 633 shares of the specialty chemicals company’s stock worth $273,000 after acquiring an additional 23 shares during the last quarter. Gilman Hill Asset Management LLC boosted its holdings in shares of Sherwin-Williams by 1.5% in the 1st quarter. Gilman Hill Asset Management LLC now owns 1,819 shares of the specialty chemicals company’s stock valued at $783,000 after buying an additional 26 shares during the last quarter. Cornerstone Advisors Inc. boosted its holdings in shares of Sherwin-Williams by 11.2% in the 1st quarter. Cornerstone Advisors Inc. now owns 277 shares of the specialty chemicals company’s stock valued at $119,000 after buying an additional 28 shares during the last quarter. Signaturefd LLC boosted its holdings in shares of Sherwin-Williams by 3.7% in the 1st quarter. Signaturefd LLC now owns 791 shares of the specialty chemicals company’s stock valued at $341,000 after buying an additional 28 shares during the last quarter. Finally, Welch Group LLC boosted its holdings in shares of Sherwin-Williams by 3.9% in the 1st quarter. Welch Group LLC now owns 773 shares of the specialty chemicals company’s stock valued at $333,000 after buying an additional 29 shares during the last quarter. 76.17% of the stock is owned by institutional investors and hedge funds.

In other news, insider Robert F. Lynch sold 6,984 shares of the business’s 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 completion of the sale, the insider now owns 13,855 shares in the company, valued at $5,965,131.70. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, insider Robert F. Lynch sold 2,227 shares of the company’s stock in a transaction on Friday, June 14th. The stock was sold at an average price of $473.48, for a total value of $1,054,439.96. Following the sale, the insider now owns 8,314 shares of the company’s stock, valued at approximately $3,936,512.72. The disclosure for this sale can be found here. Over the last quarter, insiders sold 26,471 shares of company stock valued at $12,202,129. 0.50% of the stock is currently owned by corporate insiders.

Several brokerages have issued reports on SHW. Northcoast Research downgraded Sherwin-Williams from a “buy” rating to a “neutral” rating and set a $465.96 price target for the company. in a report on Tuesday, June 25th. ValuEngine upgraded Sherwin-Williams from a “hold” rating to a “buy” rating in a research report on Friday, June 7th. Argus increased their price objective on Sherwin-Williams from $480.00 to $527.00 and gave the stock a “buy” rating in a research report on Friday, April 26th. Wolfe Research cut Sherwin-Williams from an “outperform” rating to a “peer perform” rating in a research report on Thursday, April 25th. Finally, UBS Group raised their price target on Sherwin-Williams from $448.00 to $460.00 and gave the stock a “neutral” rating in a research report on Wednesday, April 24th. One investment 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. Sherwin-Williams presently has an average rating of “Buy” and an average target price of $480.09.

Shares of SHW stock traded up $3.01 during mid-day trading on Monday, reaching $461.30. 420,500 shares of the stock traded hands, compared to its average volume of 616,983. The business has a fifty day moving average price of $449.18. The company has a debt-to-equity ratio of 2.52, a quick ratio of 0.56 and a current ratio of 0.96. The stock has a market capitalization of $42.31 billion, a P/E ratio of 24.89, a price-to-earnings-growth ratio of 1.90 and a beta of 1.27. Sherwin-Williams Co has a 1-year low of $355.28 and a 1-year high of $479.64.

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

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

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