Dupont Capital Management Corp Has $7.41 Million Holdings in The Sherwin-Williams Company $SHW

Dupont Capital Management Corp lessened its stake in The Sherwin-Williams Company (NYSE:SHW) by 20.3% in the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 21,571 shares of the specialty chemicals company’s stock after selling 5,493 shares during the quarter. Dupont Capital Management Corp’s holdings in Sherwin-Williams were worth $7,407,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of SHW. Valley National Advisers Inc. raised its stake in Sherwin-Williams by 68.0% in the second quarter. Valley National Advisers Inc. now owns 84 shares of the specialty chemicals company’s stock valued at $28,000 after purchasing an additional 34 shares in the last quarter. Synergy Investment Management LLC raised its stake in Sherwin-Williams by 583.3% during the first quarter. Synergy Investment Management LLC now owns 82 shares of the specialty chemicals company’s stock worth $29,000 after acquiring an additional 70 shares in the last quarter. Barnes Dennig Private Wealth Management LLC acquired a new position in Sherwin-Williams during the first quarter worth about $30,000. Salomon & Ludwin LLC acquired a new position in Sherwin-Williams during the second quarter worth about $31,000. Finally, Saudi Central Bank acquired a new position in Sherwin-Williams during the first quarter worth about $33,000. Institutional investors and hedge funds own 77.67% of the company’s stock.

Insider Activity at Sherwin-Williams

In related news, insider Justin T. Binns sold 609 shares of the company’s stock in a transaction that occurred on Monday, August 25th. The stock was sold at an average price of $368.82, for a total value of $224,611.38. Following the sale, the insider directly owned 17,922 shares in the company, valued at $6,609,992.04. This represents a 3.29% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CAO James P. Lang sold 860 shares of the company’s stock in a transaction that occurred on Wednesday, August 6th. The shares were sold at an average price of $350.35, for a total value of $301,301.00. Following the completion of the sale, the chief accounting officer owned 377 shares in the company, valued at $132,081.95. The trade was a 69.52% decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 0.60% of the company’s stock.

Analysts Set New Price Targets

Several research analysts have commented on SHW shares. Bank of America lowered their target price on Sherwin-Williams from $375.00 to $368.00 and set a “neutral” rating for the company in a research note on Tuesday, October 14th. Evercore ISI boosted their target price on Sherwin-Williams from $380.00 to $400.00 and gave the stock an “outperform” rating in a research note on Tuesday, August 26th. Loop Capital lowered their target price on Sherwin-Williams from $395.00 to $380.00 and set a “buy” rating for the company in a research note on Wednesday, July 23rd. Weiss Ratings reissued a “buy (b-)” rating on shares of Sherwin-Williams in a research note on Wednesday, October 8th. Finally, UBS Group restated a “buy” rating and set a $400.00 price target (up from $395.00) on shares of Sherwin-Williams in a report on Monday, October 6th. One research analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating and five have issued a Hold rating to the company’s stock. Based on data from MarketBeat, Sherwin-Williams currently has a consensus rating of “Moderate Buy” and an average price target of $387.13.

Sherwin-Williams Stock Performance

NYSE:SHW opened at $330.72 on Tuesday. The stock has a market cap of $82.46 billion, a P/E ratio of 32.81, a price-to-earnings-growth ratio of 3.10 and a beta of 1.20. The company has a current ratio of 0.78, a quick ratio of 0.48 and a debt-to-equity ratio of 1.78. The stock’s 50-day moving average is $352.74 and its 200-day moving average is $347.94. The Sherwin-Williams Company has a 1-year low of $308.84 and a 1-year high of $400.42.

Sherwin-Williams (NYSE:SHW) last released its quarterly earnings results on Tuesday, July 22nd. The specialty chemicals company reported $3.38 earnings per share for the quarter, missing the consensus estimate of $3.76 by ($0.38). Sherwin-Williams had a return on equity of 66.91% and a net margin of 11.03%.The firm had revenue of $6.31 billion for the quarter, compared to the consensus estimate of $6.31 billion. During the same quarter last year, the firm posted $3.70 earnings per share. The business’s revenue for the quarter was up .6% on a year-over-year basis. Equities research analysts anticipate that The Sherwin-Williams Company will post 12 earnings per share for the current year.

Sherwin-Williams Profile

The Sherwin-Williams Company engages in the development, manufacture, distribution, and sale of paints, coating, and related products to professional, industrial, commercial, and retail customers. It operates through three segments: Paint Stores Group, Consumer Brands Group, and Performance Coatings Group.