Marks Group Wealth Management Inc boosted its position in shares of The Sherwin-Williams Company (NYSE:SHW) by 191.7% in the second quarter, Holdings Channel.com reports. The firm owned 21,499 shares of the specialty chemicals company’s stock after acquiring an additional 14,130 shares during the period. Marks Group Wealth Management Inc’s holdings in The Sherwin-Williams were worth $5,873,000 as of its most recent SEC filing.
Other institutional investors have also recently modified their holdings of the company. Geode Capital Management LLC raised its position in The Sherwin-Williams by 202.1% in the 1st quarter. Geode Capital Management LLC now owns 3,459,174 shares of the specialty chemicals company’s stock valued at $851,449,000 after buying an additional 2,314,238 shares during the last quarter. Alliancebernstein L.P. lifted its position in shares of The Sherwin-Williams by 187.8% in the second quarter. Alliancebernstein L.P. now owns 3,234,606 shares of the specialty chemicals company’s stock worth $881,268,000 after purchasing an additional 2,110,675 shares in the last quarter. WCM Investment Management LLC boosted its holdings in The Sherwin-Williams by 306.0% during the second quarter. WCM Investment Management LLC now owns 2,013,455 shares of the specialty chemicals company’s stock worth $548,566,000 after purchasing an additional 1,517,566 shares during the last quarter. American Century Companies Inc. increased its stake in The Sherwin-Williams by 183.9% in the 2nd quarter. American Century Companies Inc. now owns 1,285,330 shares of the specialty chemicals company’s stock valued at $350,188,000 after buying an additional 832,639 shares during the last quarter. Finally, Chilton Investment Co. LLC lifted its position in The Sherwin-Williams by 191.9% during the 2nd quarter. Chilton Investment Co. LLC now owns 1,173,954 shares of the specialty chemicals company’s stock worth $319,844,000 after buying an additional 771,757 shares in the last quarter. Institutional investors own 75.94% of the company’s stock.
SHW has been the subject of several recent research reports. Royal Bank of Canada reduced their price target on The Sherwin-Williams from $350.00 to $340.00 and set an “outperform” rating for the company in a research report on Thursday, September 9th. Deutsche Bank Aktiengesellschaft boosted their target price on shares of The Sherwin-Williams from $315.00 to $320.00 and gave the stock a “buy” rating in a report on Wednesday, July 28th. JPMorgan Chase & Co. boosted their price objective on shares of The Sherwin-Williams from $310.00 to $330.00 and gave the stock an “overweight” rating in a research note on Thursday, September 9th. Barclays lifted their price target on The Sherwin-Williams from $299.00 to $305.00 and gave the stock an “equal weight” rating in a report on Wednesday, July 28th. Finally, Bank of America raised The Sherwin-Williams from an “underperform” rating to a “buy” rating and raised their price objective for the company from $222.00 to $325.00 in a research report on Thursday, June 10th. Four research analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the company. Based on data from MarketBeat, The Sherwin-Williams presently has a consensus rating of “Buy” and a consensus target price of $331.75.
The Sherwin-Williams (NYSE:SHW) last announced its quarterly earnings data on Monday, July 26th. The specialty chemicals company reported $2.65 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.68 by ($0.03). The Sherwin-Williams had a return on equity of 72.71% and a net margin of 11.05%. The firm had revenue of $5.38 billion for the quarter, compared to analyst estimates of $5.39 billion. During the same quarter in the previous year, the company earned $7.10 earnings per share. The company’s quarterly revenue was up 16.9% on a year-over-year basis. On average, sell-side analysts anticipate that The Sherwin-Williams Company will post 9.18 EPS for the current year.
The company also recently disclosed a quarterly dividend, which was paid on Friday, September 10th. Shareholders of record on Friday, August 20th were given a dividend of $0.55 per share. The ex-dividend date of this dividend was Thursday, August 19th. This represents a $2.20 annualized dividend and a yield of 0.73%. The Sherwin-Williams’s dividend payout ratio is currently 26.86%.
In other The Sherwin-Williams news, CEO John G. Morikis sold 155,520 shares of the business’s stock in a transaction on Thursday, July 29th. The shares were sold at an average price of $288.92, for a total transaction of $44,932,838.40. Following the sale, the chief executive officer now owns 433,251 shares of the company’s stock, valued at $125,174,878.92. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, SVP Peter J. Ippolito sold 12,390 shares of the firm’s stock in a transaction on Thursday, August 26th. The shares were sold at an average price of $302.42, for a total value of $3,746,983.80. Following the sale, the senior vice president now directly owns 1,941 shares in the company, valued at approximately $586,997.22. The disclosure for this sale can be found here. Insiders have sold 213,903 shares of company stock valued at $62,244,621 over the last 90 days. Corporate insiders own 0.51% of the company’s stock.
The Sherwin-Williams Profile
The Sherwin-Williams Co engages in the manufacture and trade of paint and coatings. It operates through the following segments: America Group, Consumer Brands Group, and Performance Coating Group. The America Group segment manages the exclusive outlets for Sherwin-Williams branded paints, stains, supplies, equipment, and floor covering.
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