Neuburgh Advisers LLC Sells 2,608 Shares of Sherwin-Williams Company (The) (SHW)

Neuburgh Advisers LLC cut its stake in shares of Sherwin-Williams Company (The) (NYSE:SHW) by 64.9% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 1,408 shares of the specialty chemicals company’s stock after selling 2,608 shares during the period. Neuburgh Advisers LLC’s holdings in Sherwin-Williams Company (The) were worth $437,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of the stock. Thrivent Financial for Lutherans increased its position in 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. Alpha Cubed Investments LLC increased its position in Sherwin-Williams Company (The) by 18.2% in the first quarter. Alpha Cubed Investments LLC now owns 2,569 shares of the specialty chemicals company’s stock valued at $797,000 after buying an additional 395 shares during the last quarter. Rockland Trust Co. increased its position in Sherwin-Williams Company (The) by 1.6% in the first quarter. Rockland Trust Co. now owns 31,600 shares of the specialty chemicals company’s stock valued at $9,802,000 after buying an additional 493 shares during the last quarter. WealthTrust Fairport LLC increased its position in Sherwin-Williams Company (The) by 0.7% in the first quarter. WealthTrust Fairport LLC now owns 18,341 shares of the specialty chemicals company’s stock valued at $5,689,000 after buying an additional 134 shares during the last quarter. Finally, Dimensional Fund Advisors LP increased its position in Sherwin-Williams Company (The) by 1.7% in the fourth quarter. Dimensional Fund Advisors LP now owns 181,137 shares of the specialty chemicals company’s stock valued at $48,682,000 after buying an additional 3,096 shares during the last quarter. Institutional investors and hedge funds own 73.23% of the company’s stock.

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

Sherwin-Williams Company (SHW) traded down 0.27% during mid-day trading on Friday, reaching $350.55. 870,128 shares of the company’s stock traded hands. The firm has a market cap of $32.44 billion, a price-to-earnings ratio of 27.46 and a beta of 1.22. The firm’s 50-day moving average price is $338.65 and its 200 day moving average price is $307.88. Sherwin-Williams Company has a one year low of $239.48 and a one year high of $354.64.

Sherwin-Williams Company (The) (NYSE:SHW) last released its quarterly earnings data on Thursday, April 20th. The specialty chemicals company reported $2.27 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $2.07 by $0.20. Sherwin-Williams Company (The) had a return on equity of 71.96% and a net margin of 10.02%. The company had revenue of $2.76 billion for the quarter, compared to the consensus estimate of $2.72 billion. During the same quarter last year, the business posted $1.81 EPS. Sherwin-Williams Company (The)’s revenue for the quarter was up 7.3% on a year-over-year basis. On average, equities analysts forecast that Sherwin-Williams Company will post $14.16 EPS for the current year.

The business also recently announced a quarterly dividend, which was paid on Friday, June 2nd. Shareholders of record on Friday, May 19th were issued a dividend of $0.85 per share. This represents a $3.40 annualized dividend and a yield of 0.97%. The ex-dividend date of this dividend was Wednesday, May 17th. Sherwin-Williams Company (The)’s payout ratio is presently 26.67%.

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A number of brokerages have issued reports on SHW. Credit Suisse Group set a $344.00 target price on shares of Sherwin-Williams Company (The) and gave the company a “buy” rating in a report on Thursday, April 20th. Goldman Sachs Group, Inc. (The) began coverage on shares of Sherwin-Williams Company (The) in a report on Thursday, June 8th. They set a “buy” rating and a $403.00 target price on the stock. Longbow Research raised shares of Sherwin-Williams Company (The) from a “neutral” rating to a “buy” rating and set a $400.00 target price on the stock in a report on Tuesday. Zacks Investment Research cut shares of Sherwin-Williams Company (The) from a “buy” rating to a “hold” rating in a report on Monday, May 29th. Finally, Jefferies Group LLC began coverage on shares of Sherwin-Williams Company (The) in a report on Friday, May 26th. They issued a “hold” rating and a $364.00 price target on the stock. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating and twelve have given a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and an average target price of $350.38.

In other Sherwin-Williams Company (The) news, insider Robert J. Davisson sold 10,500 shares of Sherwin-Williams Company (The) stock in a transaction dated Thursday, May 4th. The stock was sold at an average price of $335.00, for a total transaction of $3,517,500.00. Following the transaction, the insider now directly owns 7,166 shares of the company’s stock, valued at approximately $2,400,610. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, SVP Catherine M. Kilbane sold 22,635 shares of Sherwin-Williams Company (The) stock in a transaction dated Friday, April 21st. The stock was sold at an average price of $324.47, for a total value of $7,344,378.45. Following the transaction, the senior vice president now directly owns 16,635 shares in the company, valued at $5,397,558.45. The disclosure for this sale can be found here. Insiders have sold a total of 46,955 shares of company stock worth $15,525,668 over the last ninety days. Company insiders own 1.69% of the company’s stock.

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.

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