Barometer Capital Management Inc. Has $13.62 Million Position in Sherwin-Williams Company (The) (SHW)

Barometer Capital Management Inc. raised its stake in Sherwin-Williams Company (The) (NYSE:SHW) by 9,600.0% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 38,800 shares of the specialty chemicals company’s stock after buying an additional 38,400 shares during the period. Sherwin-Williams Company (The) comprises about 1.4% of Barometer Capital Management Inc.’s investment portfolio, making the stock its 26th largest position. Barometer Capital Management Inc.’s holdings in Sherwin-Williams Company (The) were worth $13,617,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in the company. Thrivent Financial for Lutherans increased its position in shares of Sherwin-Williams Company (The) by 7.6% in the fourth quarter. Thrivent Financial for Lutherans now owns 2,830 shares of the specialty chemicals company’s stock valued at $761,000 after buying an additional 200 shares during the last quarter. Quadrature Capital Ltd acquired a new position in shares of Sherwin-Williams Company (The) during the fourth quarter valued at approximately $218,000. Migdal Insurance & Financial Holdings Ltd. acquired a new position in shares of Sherwin-Williams Company (The) during the fourth quarter valued at approximately $585,000. Perigon Wealth Management LLC increased its position in shares of Sherwin-Williams Company (The) by 15.7% in the fourth quarter. Perigon Wealth Management LLC now owns 7,341 shares of the specialty chemicals company’s stock valued at $2,296,000 after buying an additional 998 shares during the last quarter. Finally, Hudson Bay Capital Management LP increased its position in shares of Sherwin-Williams Company (The) by 113.8% in the fourth quarter. Hudson Bay Capital Management LP now owns 6,308 shares of the specialty chemicals company’s stock valued at $1,695,000 after buying an additional 3,358 shares during the last quarter. 72.69% of the stock is currently owned by institutional investors and hedge funds.

Sherwin-Williams Company (SHW) traded down 0.18% during trading on Friday, hitting $328.97. 553,832 shares of the stock were exchanged. The firm has a market cap of $30.54 billion, a PE ratio of 27.12 and a beta of 1.23. The firm’s 50-day moving average is $344.62 and its 200 day moving average is $329.62. Sherwin-Williams Company has a 52 week low of $239.48 and a 52 week high of $362.57.

Sherwin-Williams Company (The) (NYSE:SHW) last announced its quarterly earnings results on Thursday, July 20th. The specialty chemicals company reported $4.52 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $4.54 by $0.02. The company had revenue of $3.74 billion for the quarter, compared to analysts’ expectations of $3.83 billion. Sherwin-Williams Company (The) had a net margin of 9.14% and a return on equity of 63.81%. The business’s revenue was up 16.0% compared to the same quarter last year. During the same period in the previous year, the business earned $4.06 EPS. Analysts expect that Sherwin-Williams Company will post $15.00 earnings per share for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Friday, September 8th. Stockholders of record on Friday, August 18th will be issued a dividend of $0.85 per share. This represents a $3.40 dividend on an annualized basis and a dividend yield of 1.03%. The ex-dividend date of this dividend is Wednesday, August 16th. Sherwin-Williams Company (The)’s payout ratio is presently 28.05%.

TRADEMARK VIOLATION WARNING: “Barometer Capital Management Inc. Has $13.62 Million Position in Sherwin-Williams Company (The) (SHW)” was originally published by BNB Daily and is the property of of BNB Daily. If you are viewing this news story on another site, it was illegally stolen and republished in violation of United States & international trademark and copyright laws. The original version of this news story can be viewed at https://www.baseball-news-blog.com/2017/08/19/sherwin-williams-company-the-shw-position-boosted-by-barometer-capital-management-inc-updated-updated-updated.html.

Several research analysts recently weighed in on SHW shares. Credit Suisse Group set a $344.00 price objective on shares of Sherwin-Williams Company (The) and gave the stock a “buy” rating in a research report on Thursday, April 20th. Barclays PLC boosted their price objective on shares of Sherwin-Williams Company (The) from $310.00 to $335.00 and gave the stock an “equal weight” rating in a research report on Monday, April 24th. Zacks Investment Research upgraded shares of Sherwin-Williams Company (The) from a “hold” rating to a “buy” rating and set a $371.00 price objective for the company in a research report on Thursday, April 27th. Morgan Stanley restated an “overweight” rating and issued a $375.00 price objective (up previously from $335.00) on shares of Sherwin-Williams Company (The) in a research report on Wednesday, May 17th. Finally, Jefferies Group LLC started coverage on shares of Sherwin-Williams Company (The) in a research report on Friday, May 26th. They issued a “hold” rating and a $364.00 price objective for the company. Two analysts have rated the stock with a sell rating, eight have given a hold rating and thirteen have given a buy rating to the stock. Sherwin-Williams Company (The) presently has an average rating of “Hold” and a consensus price target of $360.10.

Sherwin-Williams Company (The) Company Profile

The Sherwin-Williams Company (Sherwin-Williams) is engaged in the development, manufacture, distribution and sale of paint, coatings and related products. The Company’s segments are Paint Stores Group, Consumer Group, Global Finishes Group, Latin America Coatings Group and Administrative. The Paint Stores Group markets and sells Sherwin-Williams branded architectural paint and coatings, protective and marine products, original equipment manufacturer (OEM) product finishes and related items.

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

Receive News & Ratings for Sherwin-Williams Company (The) Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Sherwin-Williams Company (The) and related companies with MarketBeat.com's FREE daily email newsletter.

Latest News

Leave a Reply