LifePro Asset Management Grows Stake in The Sherwin-Williams Company (NYSE:SHW)

LifePro Asset Management increased its position in The Sherwin-Williams Company (NYSE:SHW) by 147.6% in the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 1,567 shares of the specialty chemicals company’s stock after purchasing an additional 934 shares during the quarter. LifePro Asset Management’s holdings in The Sherwin-Williams were worth $427,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in SHW. Geode Capital Management LLC grew its holdings in shares of The Sherwin-Williams by 202.1% in the first quarter. Geode Capital Management LLC now owns 3,459,174 shares of the specialty chemicals company’s stock worth $851,449,000 after acquiring an additional 2,314,238 shares during the period. Alliancebernstein L.P. lifted its position in The Sherwin-Williams by 187.8% during the second quarter. Alliancebernstein L.P. now owns 3,234,606 shares of the specialty chemicals company’s stock valued at $881,268,000 after purchasing an additional 2,110,675 shares in the last quarter. WCM Investment Management LLC lifted its position in shares of The Sherwin-Williams by 306.0% in the second quarter. WCM Investment Management LLC now owns 2,013,455 shares of the specialty chemicals company’s stock valued at $548,566,000 after acquiring an additional 1,517,566 shares in the last quarter. American Century Companies Inc. lifted its position in shares of The Sherwin-Williams by 183.9% in the second quarter. American Century Companies Inc. now owns 1,285,330 shares of the specialty chemicals company’s stock valued at $350,188,000 after acquiring an additional 832,639 shares in the last quarter. Finally, Chilton Investment Co. LLC lifted its position in shares of The Sherwin-Williams by 191.9% in the second quarter. Chilton Investment Co. LLC now owns 1,173,954 shares of the specialty chemicals company’s stock valued at $319,844,000 after acquiring an additional 771,757 shares in the last quarter. Institutional investors own 75.94% of the company’s stock.

A number of equities research analysts recently commented on the company. Morgan Stanley boosted their target price on The Sherwin-Williams from $315.00 to $345.00 and gave the stock an “overweight” rating in a research report on Friday, August 20th. Barclays upped their target price 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. Deutsche Bank Aktiengesellschaft increased their price objective on The Sherwin-Williams from $315.00 to $320.00 and gave the company a “buy” rating in a report on Wednesday, July 28th. Citigroup lowered The Sherwin-Williams from a “buy” rating to a “neutral” rating and decreased their price objective for the company from $331.00 to $309.00 in a report on Thursday, September 9th. Finally, BMO Capital Markets upped their target price on The Sherwin-Williams from $300.00 to $307.00 and gave the company an “outperform” rating in a research report on Wednesday, July 28th. Four research analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Buy” and an average target price of $331.75.

In other The Sherwin-Williams news, insider Brian E. Padden sold 3,153 shares of the firm’s stock in a transaction on Friday, July 30th. The shares were sold at an average price of $289.53, for a total transaction of $912,888.09. Following the completion of the transaction, the insider now directly owns 8,313 shares of the company’s stock, valued at approximately $2,406,862.89. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CFO Allen J. Mistysyn sold 22,749 shares of the firm’s stock in a transaction on Wednesday, July 28th. The stock was sold at an average price of $286.46, for a total transaction of $6,516,678.54. Following the transaction, the chief financial officer now directly owns 41,099 shares of the company’s stock, valued at $11,773,219.54. The disclosure for this sale can be found here. Insiders sold 213,903 shares of company stock worth $62,244,621 in the last ninety days. Insiders own 0.51% of the company’s stock.

The Sherwin-Williams stock traded up $0.93 during trading on Wednesday, hitting $299.79. The company had a trading volume of 10,796 shares, compared to its average volume of 1,265,256. The Sherwin-Williams Company has a 1-year low of $218.06 and a 1-year high of $310.43. The company has a current ratio of 0.84, a quick ratio of 0.55 and a debt-to-equity ratio of 2.68. The company’s 50 day simple moving average is $294.67 and its 200-day simple moving average is $278.71. The stock has a market cap of $78.94 billion, a price-to-earnings ratio of 37.50, a price-to-earnings-growth ratio of 2.60 and a beta of 1.08.

The Sherwin-Williams (NYSE:SHW) last posted its quarterly earnings results on Monday, July 26th. The specialty chemicals company reported $2.65 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $2.68 by ($0.03). The business had revenue of $5.38 billion during the quarter, compared to analyst estimates of $5.39 billion. The Sherwin-Williams had a return on equity of 72.71% and a net margin of 11.05%. The business’s revenue was up 16.9% on a year-over-year basis. During the same quarter last year, the firm earned $7.10 EPS. As a group, analysts forecast that The Sherwin-Williams Company will post 9.18 earnings per share for the current fiscal year.

The firm also recently declared a quarterly dividend, which was paid on Friday, September 10th. Shareholders of record on Friday, August 20th were issued a $0.55 dividend. This represents a $2.20 annualized dividend and a dividend yield of 0.73%. The ex-dividend date of this dividend was Thursday, August 19th. The Sherwin-Williams’s dividend payout ratio (DPR) is presently 26.86%.

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

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