CVA Family Office LLC Purchases 45 Shares of The Sherwin-Williams Company (NYSE:SHW)

CVA Family Office LLC increased its position in The Sherwin-Williams Company (NYSE:SHWGet Rating) by 16.4% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 320 shares of the specialty chemicals company’s stock after purchasing an additional 45 shares during the quarter. CVA Family Office LLC’s holdings in Sherwin-Williams were worth $72,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently bought and sold shares of the company. Woodstock Corp boosted its position in Sherwin-Williams by 11.3% during the 2nd quarter. Woodstock Corp now owns 5,133 shares of the specialty chemicals company’s stock valued at $1,149,000 after acquiring an additional 521 shares in the last quarter. Beese Fulmer Investment Management Inc. boosted its position in Sherwin-Williams by 6.8% during the 2nd quarter. Beese Fulmer Investment Management Inc. now owns 13,809 shares of the specialty chemicals company’s stock valued at $3,092,000 after acquiring an additional 879 shares in the last quarter. State of Alaska Department of Revenue boosted its position in Sherwin-Williams by 15.0% during the 2nd quarter. State of Alaska Department of Revenue now owns 45,836 shares of the specialty chemicals company’s stock valued at $10,262,000 after acquiring an additional 5,965 shares in the last quarter. City Holding Co. boosted its position in Sherwin-Williams by 3.8% during the 2nd quarter. City Holding Co. now owns 1,762 shares of the specialty chemicals company’s stock valued at $394,000 after acquiring an additional 65 shares in the last quarter. Finally, Cox Capital Mgt LLC boosted its position in Sherwin-Williams by 0.9% during the 2nd quarter. Cox Capital Mgt LLC now owns 6,560 shares of the specialty chemicals company’s stock valued at $1,469,000 after acquiring an additional 57 shares in the last quarter. Institutional investors own 77.48% of the company’s stock.

Analysts Set New Price Targets

SHW has been the topic of several recent research reports. KeyCorp dropped their target price on Sherwin-Williams from $335.00 to $290.00 and set an “overweight” rating on the stock in a research report on Thursday, July 28th. Wells Fargo & Company decreased their price objective on Sherwin-Williams from $285.00 to $270.00 and set an “equal weight” rating for the company in a report on Monday, July 18th. Evercore ISI decreased their price objective on Sherwin-Williams to $305.00 in a report on Thursday, June 9th. Credit Suisse Group started coverage on Sherwin-Williams in a report on Tuesday, May 31st. They set an “underperform” rating and a $245.00 price objective for the company. Finally, Northcoast Research upgraded Sherwin-Williams from a “neutral” rating to a “buy” rating and set a $300.00 price objective for the company in a report on Tuesday, July 12th. One equities research analyst has rated the stock with a sell rating, nine have assigned a hold rating and eight have assigned a buy rating to the company. According to data from MarketBeat.com, Sherwin-Williams presently has an average rating of “Hold” and a consensus price target of $310.39.

Sherwin-Williams Stock Performance

NYSE SHW opened at $223.18 on Tuesday. The stock has a 50-day simple moving average of $241.54 and a two-hundred day simple moving average of $249.00. The firm has a market capitalization of $57.84 billion, a P/E ratio of 33.56, a PEG ratio of 2.14 and a beta of 1.05. The Sherwin-Williams Company has a fifty-two week low of $214.22 and a fifty-two week high of $354.15. The company has a debt-to-equity ratio of 3.86, a quick ratio of 0.53 and a current ratio of 0.87.

Sherwin-Williams (NYSE:SHWGet Rating) last released its quarterly earnings data on Wednesday, July 27th. The specialty chemicals company reported $2.41 earnings per share for the quarter, missing analysts’ consensus estimates of $2.78 by ($0.37). The company had revenue of $2.87 billion for the quarter, compared to analysts’ expectations of $6.01 billion. Sherwin-Williams had a net margin of 8.45% and a return on equity of 82.04%. The business’s quarterly revenue was down 46.6% on a year-over-year basis. During the same quarter in the previous year, the business posted $2.65 EPS. On average, equities analysts forecast that The Sherwin-Williams Company will post 8.64 earnings per share for the current year.

Sherwin-Williams Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, September 9th. Shareholders of record on Friday, August 19th were paid a dividend of $0.60 per share. The ex-dividend date of this dividend was Thursday, August 18th. This represents a $2.40 dividend on an annualized basis and a dividend yield of 1.08%. Sherwin-Williams’s payout ratio is currently 36.09%.

Sherwin-Williams Profile

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The Sherwin-Williams Company develops, manufactures, distributes, and sells paints, coatings, and related products to professional, industrial, commercial, and retail customers. It operates through 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.

Further Reading

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

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