CORDA Investment Management LLC. Acquires 4,310 Shares of The Sherwin-Williams Company (NYSE:SHW)

CORDA Investment Management LLC. raised its position in shares of The Sherwin-Williams Company (NYSE:SHW) by 200.0% in the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 6,465 shares of the specialty chemicals company’s stock after purchasing an additional 4,310 shares during the period. CORDA Investment Management LLC.’s holdings in The Sherwin-Williams were worth $1,761,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. Ballentine Partners LLC lifted its holdings in shares of The Sherwin-Williams by 11.4% in the 1st quarter. Ballentine Partners LLC now owns 342 shares of the specialty chemicals company’s stock valued at $252,000 after buying an additional 35 shares during the period. Prospera Financial Services Inc raised its holdings in The Sherwin-Williams by 2.5% in the 1st quarter. Prospera Financial Services Inc now owns 1,491 shares of the specialty chemicals company’s stock worth $1,101,000 after purchasing an additional 37 shares during the period. First Foundation Advisors raised its holdings in The Sherwin-Williams by 7.9% in the 1st quarter. First Foundation Advisors now owns 506 shares of the specialty chemicals company’s stock worth $373,000 after purchasing an additional 37 shares during the period. tru Independence LLC raised its holdings in The Sherwin-Williams by 8.3% in the 1st quarter. tru Independence LLC now owns 521 shares of the specialty chemicals company’s stock worth $384,000 after purchasing an additional 40 shares during the period. Finally, JLB & Associates Inc. raised its holdings in The Sherwin-Williams by 0.7% in the 1st quarter. JLB & Associates Inc. now owns 6,215 shares of the specialty chemicals company’s stock worth $4,586,000 after purchasing an additional 41 shares during the period. 75.94% of the stock is owned by institutional investors and hedge funds.

In other The Sherwin-Williams news, SVP Thomas P. Gilligan sold 9,780 shares of The Sherwin-Williams stock in a transaction that occurred on Thursday, August 12th. The shares were sold at an average price of $302.87, for a total value of $2,962,068.60. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, SVP Peter J. Ippolito sold 12,390 shares of The Sherwin-Williams stock in a transaction that occurred on Thursday, August 26th. The stock was sold at an average price of $302.42, for a total transaction of $3,746,983.80. Following the completion of the sale, the senior vice president now directly owns 1,941 shares of the company’s stock, valued at $586,997.22. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 215,997 shares of company stock valued at $62,880,055. Insiders own 0.51% of the company’s stock.

Several research firms have commented on SHW. Barclays boosted their price objective on The Sherwin-Williams from $299.00 to $305.00 and gave the stock an “equal weight” rating in a research note on Wednesday, July 28th. Citigroup lowered The Sherwin-Williams from a “buy” rating to a “neutral” rating and dropped their price target for the company from $331.00 to $309.00 in a research report on Thursday, September 9th. Loop Capital upped their price target on The Sherwin-Williams from $300.00 to $310.00 and gave the company a “buy” rating in a research report on Wednesday, June 9th. KeyCorp upped their price target on The Sherwin-Williams from $320.00 to $330.00 and gave the company an “overweight” rating in a research report on Monday, August 2nd. Finally, Wells Fargo & Company increased their price objective on The Sherwin-Williams from $325.00 to $330.00 and gave the stock an “overweight” rating in a research report on Friday, September 10th. Four equities research analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Buy” and an average target price of $331.75.

NYSE:SHW traded down $4.14 during mid-day trading on Monday, reaching $289.60. The stock had a trading volume of 12,414 shares, compared to its average volume of 1,261,441. The company has a debt-to-equity ratio of 2.68, a quick ratio of 0.55 and a current ratio of 0.84. The firm has a market capitalization of $76.25 billion, a price-to-earnings ratio of 36.86, a PEG ratio of 2.60 and a beta of 1.08. The Sherwin-Williams Company has a twelve month low of $218.06 and a twelve month high of $310.43. The business has a 50 day simple moving average of $295.96 and a 200 day simple moving average of $280.16.

The Sherwin-Williams (NYSE:SHW) last announced its quarterly earnings data on Monday, July 26th. The specialty chemicals company reported $2.65 EPS for the quarter, missing the Zacks’ consensus estimate of $2.68 by ($0.03). The Sherwin-Williams had a net margin of 11.05% and a return on equity of 72.71%. The firm had revenue of $5.38 billion during the quarter, compared to analyst estimates of $5.39 billion. During the same quarter in the previous year, the business earned $7.10 EPS. The Sherwin-Williams’s revenue for the quarter was up 16.9% on a year-over-year basis. As a group, sell-side analysts expect that The Sherwin-Williams Company will post 9.18 earnings per share for the current year.

The business also recently declared a quarterly dividend, which was paid on Friday, September 10th. Stockholders of record on Friday, August 20th were given a dividend of $0.55 per share. The ex-dividend date of this dividend was Thursday, August 19th. This represents a $2.20 dividend on an annualized basis and a dividend yield of 0.76%. The Sherwin-Williams’s payout ratio is 26.86%.

About The Sherwin-Williams

The Sherwin-Williams Co engages in the manufacture and trade of paint and coatings. It operates through the following segments: America Group, Consumer Brands Group, and Performance Coating Group. The America Group segment manages the exclusive outlets for Sherwin-Williams branded paints, stains, supplies, equipment, and floor covering.

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

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