Berkshire Money Management Inc. Has $593,000 Stake in Sherwin-Williams Company (The) (SHW)

Berkshire Money Management Inc. raised its stake in Sherwin-Williams Company (The) (NYSE:SHW) by 2.1% during the second quarter, according to its most recent Form 13F filing with the SEC. The firm owned 1,689 shares of the specialty chemicals company’s stock after buying an additional 34 shares during the period. Sherwin-Williams Company (The) makes up about 0.2% of Berkshire Money Management Inc.’s investment portfolio, making the stock its 19th largest position. Berkshire Money Management Inc.’s holdings in Sherwin-Williams Company (The) were worth $593,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in SHW. Thrivent Financial for Lutherans boosted its position in Sherwin-Williams Company (The) by 7.6% in the fourth quarter. Thrivent Financial for Lutherans now owns 2,830 shares of the specialty chemicals company’s stock valued at $761,000 after buying an additional 200 shares during the last quarter. Alpha Cubed Investments LLC boosted its position in shares of Sherwin-Williams Company (The) by 18.2% in the first quarter. Alpha Cubed Investments LLC now owns 2,569 shares of the specialty chemicals company’s stock worth $797,000 after buying an additional 395 shares in the last quarter. Fairfax Financial Holdings Ltd Can purchased a new position in shares of Sherwin-Williams Company (The) during the first quarter worth $212,000. Rockland Trust Co. boosted its position in shares of Sherwin-Williams Company (The) by 1.6% in the first quarter. Rockland Trust Co. now owns 31,600 shares of the specialty chemicals company’s stock worth $9,802,000 after buying an additional 493 shares in the last quarter. Finally, WealthTrust Fairport LLC boosted its position in shares of Sherwin-Williams Company (The) by 0.7% in the first quarter. WealthTrust Fairport LLC now owns 18,341 shares of the specialty chemicals company’s stock worth $5,689,000 after buying an additional 134 shares in the last quarter. Hedge funds and other institutional investors own 72.92% of the company’s stock.

Shares of Sherwin-Williams Company (NYSE SHW) traded down 0.05% on Friday, reaching $331.88. The company’s stock had a trading volume of 509,013 shares. The stock has a market capitalization of $30.81 billion, a price-to-earnings ratio of 27.36 and a beta of 1.23. Sherwin-Williams Company has a 52 week low of $239.48 and a 52 week high of $362.57. The stock has a 50-day moving average of $348.21 and a 200 day moving average of $328.31.

Sherwin-Williams Company (The) (NYSE:SHW) last posted its quarterly earnings data on Thursday, July 20th. The specialty chemicals company reported $4.52 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $4.54 by $0.02. The firm had revenue of $3.74 billion during the quarter, compared to analysts’ expectations of $3.83 billion. Sherwin-Williams Company (The) had a net margin of 9.14% and a return on equity of 63.81%. The company’s quarterly revenue was up 16.0% on a year-over-year basis. During the same quarter last year, the business posted $4.06 EPS. On average, analysts expect that Sherwin-Williams Company will post $15.00 EPS for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, September 8th. Shareholders of record on Friday, August 18th will be paid a $0.85 dividend. The ex-dividend date of this dividend is Wednesday, August 16th. This represents a $3.40 annualized dividend and a yield of 1.02%. Sherwin-Williams Company (The)’s dividend payout ratio (DPR) is 28.05%.

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A number of analysts recently commented on SHW shares. Zacks Investment Research upgraded Sherwin-Williams Company (The) from a “hold” rating to a “buy” rating and set a $371.00 price objective for the company in a research report on Thursday, April 27th. Morgan Stanley reissued an “overweight” rating and issued a $375.00 price target (up from $335.00) on shares of Sherwin-Williams Company (The) in a research note on Wednesday, May 17th. Barclays PLC raised their price target on Sherwin-Williams Company (The) from $310.00 to $335.00 and gave the stock an “equal weight” rating in a research note on Monday, April 24th. Jefferies Group LLC began coverage on Sherwin-Williams Company (The) in a research note on Friday, May 26th. They issued a “hold” rating and a $364.00 price target on the stock. Finally, Northcoast Research reaffirmed a “buy” rating on shares of Sherwin-Williams Company (The) in a research note on Wednesday, July 19th. Two equities research analysts have rated the stock with a sell rating, eight have assigned a hold rating and thirteen have given a buy rating to the company’s stock. Sherwin-Williams Company (The) has an average rating of “Hold” and an average target price of $360.10.

In other news, insider Joel D. Baxter sold 5,470 shares of the firm’s stock in a transaction that occurred on Monday, May 15th. The shares were sold at an average price of $335.50, for a total transaction of $1,835,185.00. Following the completion of the sale, the insider now owns 8,523 shares in the company, valued at approximately $2,859,466.50. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Company insiders own 1.69% of the company’s stock.

About Sherwin-Williams Company (The)

The Sherwin-Williams Company (Sherwin-Williams) is engaged in the development, manufacture, distribution and sale of paint, coatings and related products. The Company’s segments are Paint Stores Group, Consumer Group, Global Finishes Group, Latin America Coatings Group and Administrative. The Paint Stores Group markets and sells Sherwin-Williams branded architectural paint and coatings, protective and marine products, original equipment manufacturer (OEM) product finishes and related items.

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

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