Compass Capital Management Inc. Has $21,666,000 Position in Sherwin-Williams Co. (SHW)
Compass Capital Management Inc. reduced its stake in shares of Sherwin-Williams Co. (NYSE:SHW) by 0.4% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 73,775 shares of the company’s stock after selling 261 shares during the period. Sherwin-Williams accounts for about 4.1% of Compass Capital Management Inc.’s holdings, making the stock its 5th largest position. Compass Capital Management Inc. owned 0.08% of Sherwin-Williams worth $21,666,000 as of its most recent SEC filing.
A number of other hedge funds have also modified their holdings of the stock. Nikko Asset Management Americas Inc. acquired a new stake in shares of Sherwin-Williams during the first quarter valued at approximately $114,000. Monetary Management Group Inc. acquired a new stake in shares of Sherwin-Williams during the first quarter valued at approximately $121,000. NN Investment Partners Holdings N.V. acquired a new stake in shares of Sherwin-Williams during the first quarter valued at approximately $142,000. SevenBridge Financial Group LLC acquired a new stake in shares of Sherwin-Williams during the first quarter valued at approximately $163,000. Finally, Athena Capital Advisors LLC acquired a new stake in shares of Sherwin-Williams during the second quarter valued at approximately $206,000. 74.62% of the stock is currently owned by institutional investors.
Shares of Sherwin-Williams Co. (NYSE:SHW) traded down 0.32% during midday trading on Monday, hitting $275.78. The stock had a trading volume of 455,611 shares. The stock has a 50-day moving average price of $283.19 and a 200-day moving average price of $290.90. Sherwin-Williams Co. has a 12-month low of $232.50 and a 12-month high of $312.48. The stock has a market cap of $25.31 billion, a P/E ratio of 23.25 and a beta of 0.92.
Sherwin-Williams (NYSE:SHW) last released its quarterly earnings results on Thursday, July 21st. The company reported $4.06 earnings per share for the quarter, missing analysts’ consensus estimates of $4.16 by $0.10. The firm earned $3.22 billion during the quarter, compared to analyst estimates of $3.28 billion. Sherwin-Williams had a return on equity of 110.16% and a net margin of 9.50%. The business’s revenue was up 2.8% on a year-over-year basis. During the same quarter in the prior year, the company earned $3.70 EPS. Equities analysts forecast that Sherwin-Williams Co. will post $12.64 earnings per share for the current year.
The company also recently declared a quarterly dividend, which was paid on Friday, September 9th. Investors of record on Friday, August 19th were issued a $0.84 dividend. This represents a $3.36 dividend on an annualized basis and a dividend yield of 1.22%. The ex-dividend date was Wednesday, August 17th. Sherwin-Williams’s dividend payout ratio is currently 28.84%.
Several research firms have recently weighed in on SHW. Zacks Investment Research upgraded Sherwin-Williams from a “hold” rating to a “buy” rating and set a $317.00 target price on the stock in a research report on Monday, September 26th. Credit Agricole SA restated a “buy” rating and issued a $350.00 target price on shares of Sherwin-Williams in a research report on Wednesday, September 14th. Sterne Agee CRT upgraded Sherwin-Williams from a “neutral” rating to a “buy” rating in a research report on Thursday, August 25th. Morgan Stanley restated a “buy” rating on shares of Sherwin-Williams in a research report on Thursday, June 16th. Finally, Wells Fargo & Co. began coverage on Sherwin-Williams in a research report on Wednesday, September 28th. They issued a “market perform” rating on the stock. Four research analysts have rated the stock with a hold rating and twelve have given a buy rating to the company. Sherwin-Williams has an average rating of “Buy” and a consensus price target of $324.31.
In other Sherwin-Williams news, CEO John G. Morikis sold 30,353 shares of the stock in a transaction on Monday, August 1st. The stock was sold at an average price of $298.75, for a total transaction of $9,067,958.75. Following the sale, the chief executive officer now owns 119,804 shares in the company, valued at approximately $35,791,445. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, insider Joel D. Baxter sold 3,853 shares of the stock in a transaction on Friday, August 5th. The shares were sold at an average price of $300.16, for a total value of $1,156,516.48. Following the sale, the insider now owns 8,347 shares in the company, valued at approximately $2,505,435.52. The disclosure for this sale can be found here. 1.89% of the stock is owned by corporate insiders.
The Sherwin-Williams Company is engaged in the development, manufacture, distribution and sale of paint, coatings and related products. The Company has four operating segments: Paint Stores Group, Consumer Group, Global Finishes Group and Latin America Coatings Group. The Paint Stores Group markets and sells architectural paint and coatings, protective and marine products, original equipment manufacturer (OEM) product finishes and related items.
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