Sitrin Capital Management LLC reduced its stake in Sherwin-Williams Company (The) (NYSE:SHW) by 0.4% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 14,603 shares of the specialty chemicals company’s stock after selling 56 shares during the period. Sherwin-Williams Company (The) comprises 3.3% of Sitrin Capital Management LLC’s portfolio, making the stock its 16th largest position. Sitrin Capital Management LLC’s holdings in Sherwin-Williams Company (The) were worth $4,530,000 at the end of the most recent reporting period.

Several other institutional investors also recently added to or reduced their stakes in the company. First Citizens Bank & Trust Co. increased its stake in Sherwin-Williams Company (The) by 0.3% in the first quarter. First Citizens Bank & Trust Co. now owns 1,160 shares of the specialty chemicals company’s stock worth $360,000 after buying an additional 3 shares during the last quarter. Alpha Windward LLC increased its stake in shares of Sherwin-Williams Company (The) by 1.3% in the first quarter. Alpha Windward LLC now owns 826 shares of the specialty chemicals company’s stock valued at $256,000 after buying an additional 11 shares in the last quarter. Hilltop Holdings Inc. increased its stake in shares of Sherwin-Williams Company (The) by 1.6% in the fourth quarter. Hilltop Holdings Inc. now owns 1,250 shares of the specialty chemicals company’s stock valued at $336,000 after buying an additional 20 shares in the last quarter. Reynders McVeigh Capital Management LLC increased its stake in shares of Sherwin-Williams Company (The) by 1.0% in the first quarter. Reynders McVeigh Capital Management LLC now owns 2,655 shares of the specialty chemicals company’s stock valued at $824,000 after buying an additional 25 shares in the last quarter. Finally, Wade G W & Inc. increased its stake in shares of Sherwin-Williams Company (The) by 2.8% in the first quarter. Wade G W & Inc. now owns 1,016 shares of the specialty chemicals company’s stock valued at $315,000 after buying an additional 28 shares in the last quarter. 73.23% of the stock is currently owned by hedge funds and other institutional investors.

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

Shares of Sherwin-Williams Company (NYSE:SHW) traded down 0.35% during mid-day trading on Friday, reaching $350.26. 410,600 shares of the company’s stock were exchanged. Sherwin-Williams Company has a 52 week low of $239.48 and a 52 week high of $354.64. The stock has a market cap of $32.42 billion, a price-to-earnings ratio of 27.44 and a beta of 1.22. The stock has a 50 day moving average price of $338.22 and a 200 day moving average price of $307.33.

Sherwin-Williams Company (The) (NYSE:SHW) last announced its earnings results on Thursday, April 20th. The specialty chemicals company reported $2.27 earnings per share for the quarter, beating the consensus estimate of $2.07 by $0.20. The firm had revenue of $2.76 billion for the quarter, compared to the consensus estimate of $2.72 billion. Sherwin-Williams Company (The) had a return on equity of 71.96% and a net margin of 10.02%. The firm’s revenue for the quarter was up 7.3% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.81 EPS. Equities research analysts predict that Sherwin-Williams Company will post $14.16 EPS for the current year.

The company also recently disclosed a quarterly dividend, which was paid on Friday, June 2nd. Stockholders of record on Friday, May 19th were paid a $0.85 dividend. This represents a $3.40 dividend on an annualized basis and a dividend yield of 0.97%. The ex-dividend date of this dividend was Wednesday, May 17th. Sherwin-Williams Company (The)’s dividend payout ratio is presently 26.67%.

COPYRIGHT VIOLATION NOTICE: This piece was originally published by The Cerbat Gem and is the sole property of of The Cerbat Gem. If you are accessing this piece on another site, it was illegally copied and reposted in violation of U.S. & international trademark and copyright legislation. The correct version of this piece can be viewed at https://www.thecerbatgem.com/2017/06/16/sitrin-capital-management-llc-lowers-stake-in-sherwin-williams-co-shw-updated-updated.html.

A number of analysts have recently weighed in on SHW shares. Credit Suisse Group set a $344.00 price target on shares of Sherwin-Williams Company (The) and gave the company a “buy” rating in a report on Thursday, April 20th. Goldman Sachs Group, Inc. (The) initiated coverage on shares of Sherwin-Williams Company (The) in a research report on Thursday, June 8th. They issued a “buy” rating and a $403.00 price objective for the company. Longbow Research raised shares of Sherwin-Williams Company (The) from a “neutral” rating to a “buy” rating and set a $400.00 price objective for the company in a research report on Tuesday. Zacks Investment Research lowered shares of Sherwin-Williams Company (The) from a “buy” rating to a “hold” rating in a research report on Monday, May 29th. Finally, Jefferies Group LLC began coverage on shares of Sherwin-Williams Company (The) in a research note on Friday, May 26th. They set a “hold” rating and a $364.00 price objective on the stock. One research analyst has rated the stock with a sell rating, six have issued a hold rating and twelve have given a buy rating to the stock. The stock currently has an average rating of “Buy” and an average price target of $350.38.

In other news, insider Joel D. Baxter sold 5,470 shares of the business’s stock in a transaction on 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 sale, the insider now owns 8,523 shares of the company’s stock, valued at approximately $2,859,466.50. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, SVP Catherine M. Kilbane sold 22,635 shares of the business’s stock in a transaction on Friday, April 21st. The stock was sold at an average price of $324.47, for a total value of $7,344,378.45. Following the completion of the sale, the senior vice president now directly owns 16,635 shares in the company, valued at approximately $5,397,558.45. The disclosure for this sale can be found here. Insiders sold a total of 46,955 shares of company stock worth $15,525,668 in the last three months. Company insiders own 1.69% of the company’s stock.

Sherwin-Williams Company (The) Company Profile

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.

Receive News & Stock Ratings for Sherwin-Williams Company (The) Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Sherwin-Williams Company (The) and related stocks with our FREE daily email newsletter.