Gilman Hill Asset Management LLC Has $1.06 Million Stock Holdings in Sherwin-Williams Co (NYSE:SHW)

Gilman Hill Asset Management LLC decreased its position in shares of Sherwin-Williams Co (NYSE:SHW) by 7.6% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 1,523 shares of the specialty chemicals company’s stock after selling 125 shares during the period. Gilman Hill Asset Management LLC’s holdings in Sherwin-Williams were worth $1,061,000 at the end of the most recent quarter.

Other hedge funds have also recently bought and sold shares of the company. Raymond James Financial Services Advisors Inc. increased its position in shares of Sherwin-Williams by 3.0% in the second quarter. Raymond James Financial Services Advisors Inc. now owns 34,549 shares of the specialty chemicals company’s stock worth $19,978,000 after purchasing an additional 993 shares during the period. American International Group Inc. increased its position in shares of Sherwin-Williams by 3.5% in the second quarter. American International Group Inc. now owns 29,791 shares of the specialty chemicals company’s stock worth $17,215,000 after purchasing an additional 997 shares during the period. MUFG Securities EMEA plc increased its position in shares of Sherwin-Williams by 190.3% in the second quarter. MUFG Securities EMEA plc now owns 9,000 shares of the specialty chemicals company’s stock worth $5,201,000 after purchasing an additional 5,900 shares during the period. APG Asset Management N.V. increased its position in shares of Sherwin-Williams by 5.2% in the second quarter. APG Asset Management N.V. now owns 192,965 shares of the specialty chemicals company’s stock worth $99,279,000 after purchasing an additional 9,600 shares during the period. Finally, State of Alaska Department of Revenue increased its position in shares of Sherwin-Williams by 48.2% in the second quarter. State of Alaska Department of Revenue now owns 20,943 shares of the specialty chemicals company’s stock worth $12,101,000 after purchasing an additional 6,815 shares during the period. Hedge funds and other institutional investors own 75.16% of the company’s stock.

Shares of SHW stock opened at $695.32 on Friday. The business’s 50-day moving average price is $692.49 and its 200-day moving average price is $603.12. Sherwin-Williams Co has a 12 month low of $325.43 and a 12 month high of $725.91. The firm has a market capitalization of $63.31 billion, a price-to-earnings ratio of 37.06, a PEG ratio of 3.35 and a beta of 1.21. The company has a current ratio of 1.10, a quick ratio of 0.69 and a debt-to-equity ratio of 2.14.

Sherwin-Williams (NYSE:SHW) last announced its quarterly earnings results on Tuesday, July 28th. The specialty chemicals company reported $7.10 EPS for the quarter, beating the Zacks’ consensus estimate of $5.69 by $1.41. Sherwin-Williams had a return on equity of 53.67% and a net margin of 9.83%. The firm had revenue of $4.60 billion for the quarter, compared to analyst estimates of $4.55 billion. During the same period last year, the firm posted $6.57 earnings per share. The business’s revenue for the quarter was down 5.7% on a year-over-year basis. On average, sell-side analysts predict that Sherwin-Williams Co will post 22.94 earnings per share for the current fiscal year.

A number of research analysts recently commented on the company. Bank of America raised their price target on Sherwin-Williams from $565.00 to $600.00 and gave the stock an “underperform” rating in a research report on Wednesday, July 29th. Credit Suisse Group raised their price target on Sherwin-Williams from $734.00 to $765.00 and gave the stock an “outperform” rating in a research report on Wednesday, September 30th. Zacks Investment Research lowered Sherwin-Williams from a “buy” rating to a “hold” rating and set a $742.00 price objective on the stock. in a research note on Tuesday, September 29th. KeyCorp started coverage on Sherwin-Williams in a research note on Thursday, September 10th. They issued an “overweight” rating and a $805.00 price objective on the stock. Finally, BMO Capital Markets raised Sherwin-Williams from a “market perform” rating to an “outperform” rating and raised their price objective for the company from $674.00 to $790.00 in a research note on Wednesday, September 9th. One investment analyst has rated the stock with a sell rating, ten have given a hold rating and fifteen have given a buy rating to the company. The company has a consensus rating of “Buy” and a consensus price target of $679.95.

In related news, SVP Thomas P. Gilligan sold 4,964 shares of Sherwin-Williams stock in a transaction that occurred on Wednesday, July 29th. The stock was sold at an average price of $642.70, for a total value of $3,190,362.80. Following the transaction, the senior vice president now directly owns 8,751 shares of the company’s stock, valued at $5,624,267.70. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CEO John G. Morikis sold 22,282 shares of Sherwin-Williams stock in a transaction that occurred on Monday, September 28th. The stock was sold at an average price of $708.18, for a total value of $15,779,666.76. Following the completion of the transaction, the chief executive officer now directly owns 125,306 shares in the company, valued at $88,739,203.08. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 54,543 shares of company stock worth $37,224,818. 0.55% of the stock is owned by insiders.

About Sherwin-Williams

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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