The Sherwin-Williams Company (NYSE:SHW) Shares Acquired by Morris Capital Advisors LLC

Morris Capital Advisors LLC increased its position in The Sherwin-Williams Company (NYSE:SHWGet Rating) by 1.7% in the 2nd quarter, HoldingsChannel reports. The institutional investor owned 15,939 shares of the specialty chemicals company’s stock after acquiring an additional 269 shares during the period. Sherwin-Williams makes up about 3.2% of Morris Capital Advisors LLC’s investment portfolio, making the stock its 9th largest position. Morris Capital Advisors LLC’s holdings in Sherwin-Williams were worth $3,569,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of the company. Parnassus Investments LLC purchased a new stake in shares of Sherwin-Williams during the first quarter valued at $549,574,000. Norges Bank purchased a new stake in shares of Sherwin-Williams during the fourth quarter valued at $668,384,000. Capital International Investors lifted its holdings in shares of Sherwin-Williams by 97.3% during the fourth quarter. Capital International Investors now owns 3,375,591 shares of the specialty chemicals company’s stock valued at $1,188,688,000 after purchasing an additional 1,664,485 shares during the last quarter. Sustainable Growth Advisers LP purchased a new stake in shares of Sherwin-Williams during the first quarter valued at $277,399,000. Finally, Massachusetts Financial Services Co. MA lifted its holdings in shares of Sherwin-Williams by 6.2% during the first quarter. Massachusetts Financial Services Co. MA now owns 8,651,975 shares of the specialty chemicals company’s stock valued at $2,159,706,000 after purchasing an additional 502,212 shares during the last quarter. Institutional investors and hedge funds own 77.48% of the company’s stock.

Sherwin-Williams Stock Performance

NYSE:SHW traded up $3.25 during mid-day trading on Friday, hitting $211.30. 92,458 shares of the company’s stock traded hands, compared to its average volume of 1,266,981. The firm has a 50 day moving average of $239.24 and a two-hundred day moving average of $247.96. The Sherwin-Williams Company has a 12 month low of $207.68 and a 12 month high of $354.15. The firm has a market capitalization of $54.76 billion, a price-to-earnings ratio of 31.38, a price-to-earnings-growth ratio of 2.06 and a beta of 1.05. The company has a current ratio of 0.87, a quick ratio of 0.53 and a debt-to-equity ratio of 3.86.

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

Sherwin-Williams Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, September 9th. Shareholders of record on Friday, August 19th were given a $0.60 dividend. The ex-dividend date was Thursday, August 18th. This represents a $2.40 dividend on an annualized basis and a dividend yield of 1.14%. Sherwin-Williams’s dividend payout ratio is currently 36.09%.

Analyst Upgrades and Downgrades

Several equities research analysts have recently commented on SHW shares. Mizuho reduced their target price on Sherwin-Williams from $310.00 to $294.00 and set a “buy” rating for the company in a report on Thursday, July 14th. Credit Suisse Group assumed coverage on Sherwin-Williams in a research report on Tuesday, May 31st. They set an “underperform” rating and a $245.00 price target on the stock. Bank of America lowered Sherwin-Williams from a “buy” rating to a “neutral” rating and dropped their price target for the company from $313.00 to $292.00 in a research report on Wednesday, July 13th. KeyCorp dropped their price target 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. Finally, Northcoast Research raised Sherwin-Williams from a “neutral” rating to a “buy” rating and set a $300.00 price target on the stock in a research report on Tuesday, July 12th. One equities research analyst has rated the stock with a sell rating, nine have issued a hold rating and eight have given a buy rating to the company’s stock. According to data from MarketBeat, Sherwin-Williams has an average rating of “Hold” and a consensus price target of $310.39.

Sherwin-Williams Company Profile

(Get Rating)

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.

See Also

Want to see what other hedge funds are holding SHW? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for The Sherwin-Williams Company (NYSE:SHWGet Rating).

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

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