Stelac Advisory Services LLC Takes Position in Sherwin-Williams Co (NYSE:SHW)

Stelac Advisory Services LLC purchased a new position in shares of Sherwin-Williams Co (NYSE:SHW) during the second quarter, HoldingsChannel reports. The fund purchased 298 shares of the specialty chemicals company’s stock, valued at approximately $172,000.

Other large investors have also added to or reduced their stakes in the company. Raymond James Financial Services Advisors Inc. increased its position in Sherwin-Williams by 3.0% during the second quarter. Raymond James Financial Services Advisors Inc. now owns 34,549 shares of the specialty chemicals company’s stock worth $19,978,000 after acquiring an additional 993 shares during the period. Harvest Fund Management Co. Ltd boosted its stake in shares of Sherwin-Williams by 22.2% in the 1st quarter. Harvest Fund Management Co. Ltd now owns 413 shares of the specialty chemicals company’s stock valued at $190,000 after purchasing an additional 75 shares in the last quarter. State of Alaska Department of Revenue boosted its stake in shares of Sherwin-Williams by 48.2% in the 2nd quarter. State of Alaska Department of Revenue now owns 20,943 shares of the specialty chemicals company’s stock valued at $12,101,000 after purchasing an additional 6,815 shares in the last quarter. M&G Investment Management Ltd. acquired a new stake in shares of Sherwin-Williams in the 2nd quarter valued at approximately $209,000. Finally, Ipswich Investment Management Co. Inc. boosted its stake in shares of Sherwin-Williams by 5.5% in the 1st quarter. Ipswich Investment Management Co. Inc. now owns 476 shares of the specialty chemicals company’s stock valued at $219,000 after purchasing an additional 25 shares in the last quarter. 76.25% of the stock is currently owned by institutional investors and hedge funds.

In other news, insider Joel D. Baxter sold 6,830 shares of the stock in a transaction that occurred on Wednesday, May 27th. The stock was sold at an average price of $580.00, for a total transaction of $3,961,400.00. Following the completion of the sale, the insider now owns 8,894 shares of the company’s stock, valued at $5,158,520. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, COO David B. Sewell sold 5,752 shares of the stock in a transaction that occurred on Tuesday, May 19th. The shares were sold at an average price of $571.13, for a total value of $3,285,139.76. Following the sale, the chief operating officer now directly owns 14,100 shares of the company’s stock, valued at approximately $8,052,933. The disclosure for this sale can be found here. In the last three months, insiders have sold 19,481 shares of company stock valued at $11,529,647. Insiders own 0.55% of the company’s stock.

Several equities research analysts recently commented on the stock. JPMorgan Chase & Co. lifted their target price on shares of Sherwin-Williams from $555.00 to $637.00 and gave the stock a “neutral” rating in a research report on Wednesday. Royal Bank of Canada raised their price target on shares of Sherwin-Williams from $655.00 to $700.00 and gave the stock an “outperform” rating in a report on Wednesday. Credit Suisse Group lifted their price objective on shares of Sherwin-Williams from $625.00 to $734.00 and gave the company an “outperform” rating in a research note on Wednesday. G.Research restated a “buy” rating on shares of Sherwin-Williams in a research note on Wednesday. Finally, BMO Capital Markets boosted their price target on shares of Sherwin-Williams from $590.00 to $674.00 and gave the company a “market perform” rating in a research note on Wednesday. One equities research analyst has rated the stock with a sell rating, eleven have issued a hold rating, eleven have issued a buy rating and two have assigned a strong buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and an average target price of $641.95.

Shares of SHW opened at $647.92 on Friday. The firm has a market cap of $58.99 billion, a P/E ratio of 34.54, a P/E/G ratio of 3.10 and a beta of 1.22. The stock has a 50 day simple moving average of $588.73 and a two-hundred day simple moving average of $550.00. The company has a debt-to-equity ratio of 2.50, a current ratio of 1.10 and a quick ratio of 0.57. Sherwin-Williams Co has a 1 year low of $325.43 and a 1 year high of $659.87.

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

The business also recently disclosed 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 dividend on an annualized basis and a dividend yield of 0.83%. The ex-dividend date is Thursday, August 20th. Sherwin-Williams’s dividend payout ratio (DPR) is presently 25.38%.

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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