Sherwin-Williams Co. (SHW) Stake Lowered by Alta Capital Management LLC
Alta Capital Management LLC reduced its stake in shares of Sherwin-Williams Co. (NYSE:SHW) by 0.7% during the third quarter, according to its most recent disclosure with the SEC. The fund owned 177,858 shares of the company’s stock after selling 1,178 shares during the period. Sherwin-Williams accounts for about 3.1% of Alta Capital Management LLC’s holdings, making the stock its 12th largest position. Alta Capital Management LLC owned about 0.19% of Sherwin-Williams worth $49,206,000 at the end of the most recent quarter.
A number of other large investors also recently bought and sold shares of SHW. Carroll Financial Associates Inc. boosted its stake in Sherwin-Williams by 2.9% in the third quarter. Carroll Financial Associates Inc. now owns 465 shares of the company’s stock valued at $128,000 after buying an additional 13 shares during the last quarter. PineBridge Investments L.P. boosted its stake in Sherwin-Williams by 109.7% in the second quarter. PineBridge Investments L.P. now owns 520 shares of the company’s stock valued at $153,000 after buying an additional 272 shares during the last quarter. SevenBridge Financial Group LLC bought a new stake in Sherwin-Williams during the first quarter valued at $163,000. Gilder Gagnon Howe & Co. LLC boosted its stake in Sherwin-Williams by 18.4% in the second quarter. Gilder Gagnon Howe & Co. LLC now owns 619 shares of the company’s stock valued at $182,000 after buying an additional 96 shares during the last quarter. Finally, Athena Capital Advisors LLC bought a new stake in Sherwin-Williams during the second quarter valued at $206,000. Hedge funds and other institutional investors own 72.93% of the company’s stock.
Shares of Sherwin-Williams Co. (NYSE:SHW) traded down 0.22% on Monday, reaching $274.37. 503,971 shares of the company’s stock were exchanged. The stock has a market cap of $25.24 billion, a P/E ratio of 22.89 and a beta of 0.98. The company’s 50 day moving average price is $261.11 and its 200-day moving average price is $283.04. Sherwin-Williams Co. has a 52-week low of $234.96 and a 52-week high of $312.48.
Sherwin-Williams (NYSE:SHW) last issued its quarterly earnings results on Tuesday, October 25th. The company reported $4.23 earnings per share for the quarter, missing analysts’ consensus estimates of $4.32 by $0.09. Sherwin-Williams had a net margin of 9.50% and a return on equity of 97.87%. The company earned $3.28 billion during the quarter, compared to the consensus estimate of $3.29 billion. During the same period last year, the company earned $3.97 earnings per share. Sherwin-Williams’s revenue for the quarter was up 4.0% on a year-over-year basis. Equities analysts forecast that Sherwin-Williams Co. will post $12.34 EPS for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, December 2nd. Stockholders of record on Friday, November 18th will be issued a dividend of $0.84 per share. This represents a $3.36 dividend on an annualized basis and a dividend yield of 1.22%. The ex-dividend date is Wednesday, November 16th. Sherwin-Williams’s payout ratio is 28.57%.
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SHW has been the subject of several research reports. Zacks Investment Research upgraded shares of Sherwin-Williams from a “hold” rating to a “buy” rating and set a $317.00 price objective for the company in a research report on Monday, September 26th. restated a “buy” rating and issued a $350.00 price objective on shares of Sherwin-Williams in a research report on Wednesday, September 14th. Sterne Agee CRT upgraded shares of Sherwin-Williams from a “neutral” rating to a “buy” rating in a research report on Thursday, August 25th. Argus upgraded shares of Sherwin-Williams from a “hold” rating to a “buy” rating and set a $300.00 price objective for the company in a research report on Monday, October 10th. Finally, Vetr cut shares of Sherwin-Williams from a “strong-buy” rating to a “buy” rating and set a $292.87 price objective for the company. in a research report on Thursday, November 10th. Four investment analysts have rated the stock with a hold rating, thirteen have assigned a buy rating and one has issued a strong buy rating to the company. The stock has a consensus rating of “Buy” and a consensus target price of $322.56.
In other Sherwin-Williams news, Director John M. Stropki acquired 500 shares of Sherwin-Williams stock in a transaction dated Thursday, October 27th. The stock was bought at an average cost of $247.30 per share, with a total value of $123,650.00. The purchase was disclosed in a document filed with the SEC, which is accessible through the SEC website. Insiders own 1.89% of the company’s stock.
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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