Pacer Advisors Inc. Increases Holdings in Sherwin-Williams Co (NYSE:SHW)

Pacer Advisors Inc. grew its holdings in Sherwin-Williams Co (NYSE:SHW) by 523.5% during the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 6,952 shares of the specialty chemicals company’s stock after acquiring an additional 5,837 shares during the period. Pacer Advisors Inc.’s holdings in Sherwin-Williams were worth $4,017,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also made changes to their positions in SHW. Vontobel Asset Management Inc. boosted its position in shares of Sherwin-Williams by 291.4% during the first quarter. Vontobel Asset Management Inc. now owns 485,080 shares of the specialty chemicals company’s stock valued at $240,025,000 after buying an additional 361,140 shares during the period. Capital Research Global Investors lifted its holdings in Sherwin-Williams by 70.7% during the first quarter. Capital Research Global Investors now owns 869,620 shares of the specialty chemicals company’s stock worth $399,608,000 after buying an additional 360,086 shares during the period. Diamond Hill Capital Management Inc. increased its position in shares of Sherwin-Williams by 1,708.5% during the first quarter. Diamond Hill Capital Management Inc. now owns 309,967 shares of the specialty chemicals company’s stock worth $142,436,000 after purchasing an additional 292,828 shares in the last quarter. Morgan Stanley increased its position in shares of Sherwin-Williams by 46.8% during the first quarter. Morgan Stanley now owns 870,538 shares of the specialty chemicals company’s stock worth $400,031,000 after purchasing an additional 277,410 shares in the last quarter. Finally, JPMorgan Chase & Co. increased its position in shares of Sherwin-Williams by 20.6% during the first quarter. JPMorgan Chase & Co. now owns 1,458,755 shares of the specialty chemicals company’s stock worth $670,328,000 after purchasing an additional 248,727 shares in the last quarter. Institutional investors and hedge funds own 76.25% of the company’s stock.

A number of brokerages have recently issued reports on SHW. Loop Capital upped their price target on Sherwin-Williams from $625.00 to $695.00 and gave the stock a “buy” rating in a research report on Wednesday. Morgan Stanley upped their price target on Sherwin-Williams from $625.00 to $700.00 and gave the stock an “overweight” rating in a research report on Wednesday. Royal Bank of Canada upped their price target on Sherwin-Williams from $655.00 to $700.00 and gave the stock an “outperform” rating in a research report on Wednesday. Deutsche Bank upped their target price on Sherwin-Williams from $675.00 to $700.00 and gave the company a “buy” rating in a research report on Wednesday. Finally, G.Research reissued a “buy” rating on shares of Sherwin-Williams in a research report on Wednesday. One investment analyst has rated the stock with a sell rating, eleven have issued a hold rating, eleven have assigned a buy rating and two have assigned a strong buy rating to the company. The company has an average rating of “Buy” and an average target price of $641.95.

In other news, insider Aaron M. Erter sold 935 shares of the stock in a transaction dated Friday, May 8th. The shares were sold at an average price of $534.70, for a total transaction of $499,944.50. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, SVP Thomas P. Gilligan sold 4,964 shares of the firm’s stock in a transaction dated Wednesday, July 29th. The shares were sold at an average price of $642.70, for a total transaction of $3,190,362.80. Following the completion of the transaction, the senior vice president now directly owns 8,751 shares in the company, valued at $5,624,267.70. The disclosure for this sale can be found here. Over the last three months, insiders have sold 19,481 shares of company stock worth $11,529,647. Corporate insiders own 0.55% of the company’s stock.

Shares of SHW opened at $647.92 on Friday. The business’s 50-day moving average is $588.73 and its two-hundred day moving average is $550.00. The company has a market capitalization of $58.97 billion, a P/E ratio of 29.31, a P/E/G ratio of 3.10 and a beta of 1.22. The company has a debt-to-equity ratio of 2.50, a quick ratio of 0.57 and a current ratio of 1.10. Sherwin-Williams Co has a fifty-two week low of $325.43 and a fifty-two week high of $659.87.

Sherwin-Williams (NYSE:SHW) last posted its earnings results on Tuesday, July 28th. The specialty chemicals company reported $7.10 earnings per share (EPS) for the quarter, topping the consensus estimate of $5.69 by $1.41. Sherwin-Williams had a net margin of 9.83% and a return on equity of 53.67%. The business had revenue of $4.60 billion for the quarter, compared to analyst estimates of $4.55 billion. During the same period in the prior year, the company posted $6.57 EPS. The company’s revenue for the quarter was down 5.7% on a year-over-year basis. Analysts forecast that Sherwin-Williams Co will post 22.66 EPS for the current year.

The company also recently announced a quarterly dividend, which will be paid on Friday, September 11th. Stockholders of record on Friday, August 21st will be paid a dividend of $1.34 per share. This represents a $5.36 annualized dividend and a dividend yield of 0.83%. The ex-dividend date of this dividend is Thursday, August 20th. Sherwin-Williams’s payout ratio is currently 25.38%.

Sherwin-Williams Company Profile

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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