Huntington National Bank Buys 1,727 Shares of Sherwin-Williams Co (NYSE:SHW)

Huntington National Bank raised its stake in shares of Sherwin-Williams Co (NYSE:SHW) by 12.7% in the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 15,340 shares of the specialty chemicals company’s stock after purchasing an additional 1,727 shares during the period. Huntington National Bank’s holdings in Sherwin-Williams were worth $8,865,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in SHW. JFS Wealth Advisors LLC purchased a new stake in shares of Sherwin-Williams during the 1st quarter valued at about $25,000. Key Financial Inc purchased a new stake in shares of Sherwin-Williams during the 1st quarter valued at about $29,000. Center for Financial Planning Inc. raised its position in shares of Sherwin-Williams by 250.0% during the 1st quarter. Center for Financial Planning Inc. now owns 63 shares of the specialty chemicals company’s stock valued at $29,000 after buying an additional 45 shares in the last quarter. Lindbrook Capital LLC raised its position in shares of Sherwin-Williams by 50.8% during the 1st quarter. Lindbrook Capital LLC now owns 92 shares of the specialty chemicals company’s stock valued at $42,000 after buying an additional 31 shares in the last quarter. Finally, Front Row Advisors LLC purchased a new stake in shares of Sherwin-Williams during the 1st quarter valued at about $44,000. 76.25% of the stock is owned by institutional investors and hedge funds.

Several brokerages have recently issued reports on SHW. JPMorgan Chase & Co. upped their target price on shares of Sherwin-Williams from $555.00 to $637.00 and gave the company a “neutral” rating in a research report on Wednesday. Deutsche Bank upped their target price on shares of Sherwin-Williams from $675.00 to $700.00 and gave the company a “buy” rating in a research report on Wednesday. Citigroup increased their price objective on shares of Sherwin-Williams from $555.00 to $625.00 and gave the stock a “buy” rating in a research report on Thursday, April 30th. Robert W. Baird increased their price objective on shares of Sherwin-Williams from $550.00 to $650.00 and gave the stock an “outperform” rating in a research report on Wednesday, June 24th. Finally, Royal Bank of Canada increased their price objective on shares of Sherwin-Williams from $655.00 to $700.00 and gave the stock an “outperform” rating in a research report on Wednesday. One investment analyst has rated the stock with a sell rating, eleven have assigned a hold rating, eleven have assigned a buy rating and two have given a strong buy rating to the stock. Sherwin-Williams presently has an average rating of “Buy” and an average target price of $641.95.

In other Sherwin-Williams news, insider Aaron M. Erter sold 935 shares of the firm’s stock in a transaction that occurred on Friday, May 8th. The shares were sold at an average price of $534.70, for a total value of $499,944.50. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, COO David B. Sewell sold 5,752 shares of the firm’s stock in a transaction that occurred on Tuesday, May 19th. The shares were sold at an average price of $571.13, for a total transaction of $3,285,139.76. Following the completion of the sale, the chief operating officer now owns 14,100 shares of the company’s stock, valued at $8,052,933. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 19,481 shares of company stock valued at $11,529,647. 0.55% of the stock is owned by insiders.

Shares of NYSE SHW traded up $0.29 during midday trading on Friday, reaching $647.92. 592,788 shares of the company’s stock traded hands, compared to its average volume of 462,408. The company has a quick ratio of 0.57, a current ratio of 1.10 and a debt-to-equity ratio of 2.50. The stock’s 50 day simple moving average is $588.73 and its 200-day simple moving average is $550.00. Sherwin-Williams Co has a one year low of $325.43 and a one year high of $659.87. The company has a market cap of $58.99 billion, a price-to-earnings ratio of 34.54, a P/E/G ratio of 3.10 and a beta of 1.22.

Sherwin-Williams (NYSE:SHW) last announced its earnings results on Tuesday, July 28th. The specialty chemicals company reported $7.10 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $5.69 by $1.41. The company had revenue of $4.60 billion during the quarter, compared to the consensus estimate of $4.55 billion. Sherwin-Williams had a net margin of 9.83% and a return on equity of 53.67%. Sherwin-Williams’s revenue was down 5.7% compared to the same quarter last year. During the same period last year, the firm earned $6.57 earnings per share. Equities analysts predict that Sherwin-Williams Co will post 22.66 EPS for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Friday, September 11th. Shareholders of record on Friday, August 21st will be paid a $1.34 dividend. The ex-dividend date of this dividend is Thursday, August 20th. This represents a $5.36 annualized dividend and a yield of 0.83%. Sherwin-Williams’s dividend payout ratio (DPR) is 25.38%.

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.

Further Reading: NASDAQ

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

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