Edgestream Partners L.P. Has $7.45 Million Stake in The Sherwin-Williams Company (NYSE:SHW)

Edgestream Partners L.P. boosted its stake in shares of The Sherwin-Williams Company (NYSE:SHW) by 5.4% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 24,953 shares of the specialty chemicals company’s stock after buying an additional 1,289 shares during the quarter. Edgestream Partners L.P.’s holdings in Sherwin-Williams were worth $7,447,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in SHW. Conning Inc. boosted its holdings in Sherwin-Williams by 1.9% in the second quarter. Conning Inc. now owns 1,606 shares of the specialty chemicals company’s stock valued at $479,000 after acquiring an additional 30 shares during the last quarter. Oxbow Advisors LLC boosted its stake in shares of Sherwin-Williams by 4.5% in the 2nd quarter. Oxbow Advisors LLC now owns 690 shares of the specialty chemicals company’s stock valued at $206,000 after purchasing an additional 30 shares during the last quarter. Global X Japan Co. Ltd. boosted its stake in shares of Sherwin-Williams by 2.2% in the 2nd quarter. Global X Japan Co. Ltd. now owns 1,403 shares of the specialty chemicals company’s stock valued at $419,000 after purchasing an additional 30 shares during the last quarter. Optas LLC increased its position in shares of Sherwin-Williams by 1.3% during the second quarter. Optas LLC now owns 2,424 shares of the specialty chemicals company’s stock worth $723,000 after buying an additional 32 shares during the period. Finally, Capital Advisors Ltd. LLC raised its stake in Sherwin-Williams by 2.9% during the second quarter. Capital Advisors Ltd. LLC now owns 1,173 shares of the specialty chemicals company’s stock worth $350,000 after buying an additional 33 shares during the last quarter. Institutional investors own 77.67% of the company’s stock.

Sherwin-Williams Stock Up 1.0 %

SHW stock opened at $379.14 on Tuesday. The firm has a market capitalization of $96.13 billion, a PE ratio of 40.42, a P/E/G ratio of 2.94 and a beta of 1.17. The company has a quick ratio of 0.50, a current ratio of 0.81 and a debt-to-equity ratio of 2.17. The Sherwin-Williams Company has a twelve month low of $232.06 and a twelve month high of $380.13. The stock’s 50 day moving average is $348.33 and its 200-day moving average is $327.03.

Sherwin-Williams (NYSE:SHW) last issued its quarterly earnings data on Tuesday, July 23rd. The specialty chemicals company reported $3.70 earnings per share for the quarter, beating the consensus estimate of $3.51 by $0.19. Sherwin-Williams had a return on equity of 75.58% and a net margin of 10.92%. The business had revenue of $6.27 billion for the quarter, compared to analysts’ expectations of $6.33 billion. During the same period last year, the business earned $3.29 EPS. The business’s revenue was up .5% on a year-over-year basis. Sell-side analysts expect that The Sherwin-Williams Company will post 11.47 EPS for the current fiscal year.

Sherwin-Williams Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, September 6th. Shareholders of record on Friday, August 16th were given a $0.715 dividend. This represents a $2.86 dividend on an annualized basis and a yield of 0.75%. The ex-dividend date of this dividend was Friday, August 16th. Sherwin-Williams’s payout ratio is 30.49%.

Insider Buying and Selling at Sherwin-Williams

In other news, CFO Allen J. Mistysyn sold 14,520 shares of the business’s stock in a transaction that occurred on Friday, August 30th. The stock was sold at an average price of $366.83, for a total value of $5,326,371.60. Following the transaction, the chief financial officer now owns 63,520 shares in the company, valued at approximately $23,301,041.60. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Company insiders own 0.60% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages have weighed in on SHW. Robert W. Baird increased their price target on Sherwin-Williams from $310.00 to $325.00 and gave the stock a “neutral” rating in a report on Wednesday, July 24th. The Goldman Sachs Group raised their target price on Sherwin-Williams from $344.00 to $390.00 and gave the stock a “buy” rating in a research note on Wednesday, July 24th. Wells Fargo & Company boosted their price target on Sherwin-Williams from $320.00 to $350.00 and gave the company an “equal weight” rating in a research note on Wednesday, July 24th. UBS Group raised their price objective on shares of Sherwin-Williams from $375.00 to $412.00 and gave the stock a “buy” rating in a research report on Friday, August 30th. Finally, BMO Capital Markets reiterated an “outperform” rating and set a $400.00 target price (up previously from $386.00) on shares of Sherwin-Williams in a research report on Wednesday, September 4th. One investment analyst has rated the stock with a sell rating, seven have given a hold rating, fourteen have issued a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $362.68.

About Sherwin-Williams

The Sherwin-Williams Company engages in the development, manufacture, distribution, and sale of paints, coating, and related products to professional, industrial, commercial, and retail customers. It operates through three segments: Paint Stores Group, Consumer Brands Group, and Performance Coatings Group.