Camden National Bank Takes $226,000 Position in Sherwin-Williams Co (NYSE:SHW)

Camden National Bank acquired a new stake in Sherwin-Williams Co (NYSE:SHW) during the 3rd quarter, Holdings Channel.com reports. The firm acquired 411 shares of the specialty chemicals company’s stock, valued at approximately $226,000.

Several other large investors also recently modified their holdings of SHW. Nuveen Asset Management LLC lifted its position in shares of Sherwin-Williams by 10,335.5% in the second quarter. Nuveen Asset Management LLC now owns 910,704 shares of the specialty chemicals company’s stock valued at $417,367,000 after acquiring an additional 901,977 shares in the last quarter. BlackRock Inc. lifted its position in shares of Sherwin-Williams by 1.7% in the second quarter. BlackRock Inc. now owns 5,530,261 shares of the specialty chemicals company’s stock valued at $2,534,464,000 after acquiring an additional 90,828 shares in the last quarter. Marshall Wace North America L.P. lifted its position in shares of Sherwin-Williams by 93.8% in the first quarter. Marshall Wace North America L.P. now owns 174,765 shares of the specialty chemicals company’s stock valued at $75,274,000 after acquiring an additional 84,610 shares in the last quarter. Farallon Capital Management LLC lifted its position in shares of Sherwin-Williams by 21.2% in the second quarter. Farallon Capital Management LLC now owns 465,699 shares of the specialty chemicals company’s stock valued at $213,425,000 after acquiring an additional 81,536 shares in the last quarter. Finally, Cibc World Markets Corp lifted its position in shares of Sherwin-Williams by 245.2% in the second quarter. Cibc World Markets Corp now owns 101,766 shares of the specialty chemicals company’s stock valued at $46,638,000 after acquiring an additional 72,284 shares in the last quarter. Institutional investors and hedge funds own 76.67% of the company’s stock.

NYSE SHW traded down $8.69 during mid-day trading on Friday, reaching $550.01. 721,196 shares of the company’s stock traded hands, compared to its average volume of 446,683. Sherwin-Williams Co has a 1-year low of $355.28 and a 1-year high of $558.85. The company has a fifty day simple moving average of $536.12 and a 200-day simple moving average of $480.58. The company has a current ratio of 0.80, a quick ratio of 0.50 and a debt-to-equity ratio of 2.29. The company has a market cap of $50.37 billion, a price-to-earnings ratio of 29.68, a P/E/G ratio of 2.14 and a beta of 1.27.



Sherwin-Williams (NYSE:SHW) last issued its quarterly earnings data on Tuesday, July 23rd. The specialty chemicals company reported $6.57 earnings per share for the quarter, beating analysts’ consensus estimates of $6.35 by $0.22. Sherwin-Williams had a return on equity of 48.92% and a net margin of 6.61%. The firm had revenue of $4.88 billion during the quarter, compared to analyst estimates of $4.94 billion. During the same quarter last year, the firm earned $5.73 EPS. Sherwin-Williams’s quarterly revenue was up 2.2% on a year-over-year basis. Equities research analysts forecast that Sherwin-Williams Co will post 21.12 earnings per share for the current fiscal year.

In other Sherwin-Williams news, SVP Jane M. Cronin sold 1,627 shares of the stock in a transaction that occurred on Wednesday, July 31st. The stock was sold at an average price of $515.00, for a total transaction of $837,905.00. Following the transaction, the senior vice president now owns 3,598 shares of the company’s stock, valued at approximately $1,852,970. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, Director David F. Hodnik sold 501 shares of the stock in a transaction that occurred on Thursday, August 1st. The stock was sold at an average price of $521.57, for a total value of $261,306.57. Following the transaction, the director now directly owns 9,569 shares in the company, valued at approximately $4,990,903.33. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 12,121 shares of company stock valued at $6,134,153. 0.50% of the stock is owned by insiders.

Several equities analysts recently weighed in on the company. Buckingham Research reiterated a “neutral” rating and set a $485.00 target price (up from $460.00) on shares of Sherwin-Williams in a research report on Friday. They noted that the move was a valuation call. Wells Fargo & Co increased their target price on Sherwin-Williams from $510.00 to $565.00 and gave the stock an “outperform” rating in a research report on Wednesday, July 24th. BMO Capital Markets increased their target price on Sherwin-Williams from $517.00 to $550.00 and gave the stock a “market perform” rating in a research report on Wednesday, September 4th. Morgan Stanley set a $600.00 target price on Sherwin-Williams and gave the stock a “buy” rating in a research report on Monday, August 12th. Finally, Deutsche Bank increased their target price on Sherwin-Williams from $490.00 to $550.00 and gave the stock a “buy” rating in a research report on Wednesday, July 24th. Ten investment analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company. The stock presently has a consensus rating of “Buy” and a consensus price target of $540.58.

About Sherwin-Williams

The Sherwin-Williams Company develops, manufactures, distributes, and sells paints, coatings, and related products to professional, industrial, commercial, and retail customers. It operates in three segments: The Americas Group, Consumer Brands Group, and Performance Coatings Group. The Americas Group segment offers architectural paints and coatings, and protective and marine products, as well as OEM product finishes and related products for architectural and industrial paint contractors and do-it-yourself homeowners.

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

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