Liberty Mutual Group Asset Management Inc. Has $1.27 Million Position in Sherwin-Williams Company (The) (SHW)

Liberty Mutual Group Asset Management Inc. reduced its position in shares of Sherwin-Williams Company (The) (NYSE:SHW) by 26.4% during the first quarter, according to its most recent filing with the SEC. The institutional investor owned 4,083 shares of the specialty chemicals company’s stock after selling 1,464 shares during the period. Liberty Mutual Group Asset Management Inc.’s holdings in Sherwin-Williams Company (The) were worth $1,266,000 at the end of the most recent reporting period.

A number of other hedge funds have also bought and sold shares of the stock. Vanguard Group Inc. boosted its stake in Sherwin-Williams Company (The) by 6.2% in the first quarter. Vanguard Group Inc. now owns 6,276,033 shares of the specialty chemicals company’s stock worth $1,946,763,000 after buying an additional 365,675 shares during the last quarter. Massachusetts Financial Services Co. MA raised its position in Sherwin-Williams Company (The) by 3.3% in the first quarter. Massachusetts Financial Services Co. MA now owns 4,264,765 shares of the specialty chemicals company’s stock worth $1,322,887,000 after buying an additional 136,991 shares during the period. FMR LLC raised its position in Sherwin-Williams Company (The) by 10.9% in the first quarter. FMR LLC now owns 3,433,712 shares of the specialty chemicals company’s stock worth $1,065,103,000 after buying an additional 338,320 shares during the period. Bank of New York Mellon Corp raised its position in Sherwin-Williams Company (The) by 5.7% in the first quarter. Bank of New York Mellon Corp now owns 923,423 shares of the specialty chemicals company’s stock worth $286,435,000 after buying an additional 49,470 shares during the period. Finally, Geode Capital Management LLC raised its position in Sherwin-Williams Company (The) by 8.6% in the first quarter. Geode Capital Management LLC now owns 808,672 shares of the specialty chemicals company’s stock worth $250,495,000 after buying an additional 63,957 shares during the period. 72.78% of the stock is currently owned by institutional investors and hedge funds.

Shares of Sherwin-Williams Company (SHW) traded up 0.16% during trading on Tuesday, reaching $352.22. 501,211 shares of the company traded hands. Sherwin-Williams Company has a 12-month low of $239.48 and a 12-month high of $362.57. The firm has a market capitalization of $32.70 billion, a price-to-earnings ratio of 29.04 and a beta of 1.24. The company has a 50 day moving average price of $352.93 and a 200 day moving average price of $323.63.

Sherwin-Williams Company (The) (NYSE:SHW) last issued its quarterly earnings results on Thursday, July 20th. The specialty chemicals company reported $4.52 earnings per share for the quarter, missing the consensus estimate of $4.54 by $0.02. Sherwin-Williams Company (The) had a net margin of 9.14% and a return on equity of 63.98%. The company had revenue of $3.74 billion for the quarter, compared to the consensus estimate of $3.83 billion. During the same quarter in the previous year, the business earned $4.06 earnings per share. Sherwin-Williams Company (The)’s revenue was up 16.0% compared to the same quarter last year. On average, equities analysts predict that Sherwin-Williams Company will post $15.14 EPS for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, September 8th. Investors of record on Friday, August 18th will be issued a $0.85 dividend. The ex-dividend date is Wednesday, August 16th. This represents a $3.40 annualized dividend and a yield of 0.97%. Sherwin-Williams Company (The)’s payout ratio is 28.05%.

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A number of equities analysts have commented on SHW shares. Zacks Investment Research upgraded shares of Sherwin-Williams Company (The) from a “hold” rating to a “buy” rating and set a $371.00 price target on the stock in a research report on Thursday, April 27th. KeyCorp upgraded shares of Sherwin-Williams Company (The) from a “sector weight” rating to an “overweight” rating and set a $375.00 price target on the stock in a research report on Tuesday, April 4th. Morgan Stanley restated an “overweight” rating and issued a $375.00 price target (up from $335.00) on shares of Sherwin-Williams Company (The) in a research report on Wednesday, May 17th. Royal Bank Of Canada restated a “buy” rating and issued a $350.00 price target on shares of Sherwin-Williams Company (The) in a research report on Tuesday, March 28th. Finally, Barclays PLC boosted their price target on shares of Sherwin-Williams Company (The) from $310.00 to $335.00 and gave the company an “equal weight” rating in a research report on Monday, April 24th. One investment analyst has rated the stock with a sell rating, nine have given a hold rating and fourteen have assigned a buy rating to the company’s stock. Sherwin-Williams Company (The) currently has an average rating of “Buy” and an average price target of $356.54.

In related news, insider Robert J. Davisson sold 10,500 shares of Sherwin-Williams Company (The) stock in a transaction dated Thursday, May 4th. The stock was sold at an average price of $335.00, for a total value of $3,517,500.00. Following the completion of the sale, the insider now directly owns 7,166 shares in the company, valued at approximately $2,400,610. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, insider Joel D. Baxter sold 5,470 shares of Sherwin-Williams Company (The) stock in a transaction dated Monday, May 15th. The stock was sold at an average price of $335.50, for a total value of $1,835,185.00. Following the completion of the sale, the insider now owns 8,523 shares of the company’s stock, valued at $2,859,466.50. The disclosure for this sale can be found here. Insiders sold a total of 24,320 shares of company stock valued at $8,181,290 over the last quarter. 1.69% of the stock is owned by corporate insiders.

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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