Columbus Circle Investors Purchases 1,606 Shares of Sherwin-Williams (SHW)

Columbus Circle Investors boosted its position in Sherwin-Williams (NYSE:SHW) by 2.3% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 70,086 shares of the specialty chemicals company’s stock after buying an additional 1,606 shares during the period. Columbus Circle Investors’ holdings in Sherwin-Williams were worth $27,482,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also recently modified their holdings of SHW. Bank of Montreal Can boosted its position in Sherwin-Williams by 44.1% in the fourth quarter. Bank of Montreal Can now owns 65,250 shares of the specialty chemicals company’s stock valued at $26,755,000 after buying an additional 19,978 shares during the last quarter. National Pension Service boosted its position in Sherwin-Williams by 1.7% in the fourth quarter. National Pension Service now owns 76,444 shares of the specialty chemicals company’s stock valued at $31,345,000 after buying an additional 1,272 shares during the last quarter. Schwab Charles Investment Management Inc. boosted its position in Sherwin-Williams by 3.4% in the fourth quarter. Schwab Charles Investment Management Inc. now owns 279,976 shares of the specialty chemicals company’s stock valued at $114,802,000 after buying an additional 9,230 shares during the last quarter. Fox Run Management L.L.C. purchased a new stake in Sherwin-Williams in the fourth quarter valued at approximately $297,000. Finally, Frontier Capital Management Co. LLC boosted its position in Sherwin-Williams by 10.3% in the fourth quarter. Frontier Capital Management Co. LLC now owns 184,811 shares of the specialty chemicals company’s stock valued at $75,780,000 after buying an additional 17,237 shares during the last quarter. Hedge funds and other institutional investors own 75.72% of the company’s stock.

Shares of Sherwin-Williams opened at $380.23 on Friday, Marketbeat Ratings reports. The company has a debt-to-equity ratio of 2.68, a current ratio of 1.13 and a quick ratio of 0.67. The company has a market cap of $35.51 billion, a PE ratio of 26.65, a price-to-earnings-growth ratio of 1.72 and a beta of 1.17. Sherwin-Williams has a 1-year low of $376.87 and a 1-year high of $379.67.

Sherwin-Williams (NYSE:SHW) last announced its earnings results on Tuesday, April 24th. The specialty chemicals company reported $3.57 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $3.16 by $0.41. The business had revenue of $3.97 billion during the quarter, compared to the consensus estimate of $3.94 billion. Sherwin-Williams had a return on equity of 48.06% and a net margin of 11.02%. The business’s quarterly revenue was up 43.6% on a year-over-year basis. During the same period in the prior year, the company posted $2.27 EPS. sell-side analysts forecast that Sherwin-Williams will post 18.77 earnings per share for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Friday, June 1st. Stockholders of record on Friday, May 18th will be paid a dividend of $0.86 per share. This represents a $3.44 annualized dividend and a dividend yield of 0.90%. The ex-dividend date of this dividend is Thursday, May 17th. Sherwin-Williams’s payout ratio is 24.11%.

SHW has been the topic of a number of recent research reports. Zacks Investment Research lowered Sherwin-Williams from a “buy” rating to a “hold” rating in a research report on Wednesday, April 4th. Cleveland Research reissued a “buy” rating on shares of Sherwin-Williams in a report on Wednesday, March 7th. BMO Capital Markets began coverage on Sherwin-Williams in a report on Tuesday, March 27th. They issued a “market perform” rating and a $453.00 price target for the company. Citigroup boosted their price target on Sherwin-Williams to $486.00 and gave the company a “buy” rating in a report on Friday, January 26th. Finally, Credit Suisse Group decreased their price target on Sherwin-Williams from $473.00 to $457.00 and set an “outperform” rating for the company in a report on Wednesday, April 25th. One equities research analyst has rated the stock with a sell rating, nine have given a hold rating, fifteen have given a buy rating and one has given a strong buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and an average target price of $437.90.

In other news, insider Peter J. Ippolito sold 750 shares of the company’s stock in a transaction that occurred on Wednesday, March 14th. The stock was sold at an average price of $409.26, for a total transaction of $306,945.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Corporate insiders own 0.78% of the company’s stock.

Sherwin-Williams Profile

The Sherwin-Williams Company develops, manufactures, distributes, and sells paints, coatings, and related products to professional, industrial, commercial, and retail customers primarily in North and South America, the Caribbean, Europe, Asia, and Australia. The company operates in three segments: The Americas Group, Consumer Brands Group, and Performance Coatings Group.

Want to see what other hedge funds are holding SHW? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Sherwin-Williams (NYSE:SHW).

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

Receive News & Ratings for Sherwin-Williams Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Sherwin-Williams and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply