Slow Capital Inc. Has $2.96 Million Stake in Sherwin-Williams Co (NYSE:SHW)
Slow Capital Inc. trimmed its position in Sherwin-Williams Co (NYSE:SHW) by 6.8% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 6,459 shares of the specialty chemicals company’s stock after selling 474 shares during the quarter. Sherwin-Williams accounts for 1.2% of Slow Capital Inc.’s portfolio, making the stock its 14th largest position. Slow Capital Inc.’s holdings in Sherwin-Williams were worth $2,960,000 at the end of the most recent reporting period.
Several other hedge funds and other institutional investors have also recently modified their holdings of the stock. Dimensional Fund Advisors LP boosted its holdings in shares of Sherwin-Williams by 9.0% during the fourth quarter. Dimensional Fund Advisors LP now owns 249,847 shares of the specialty chemicals company’s stock valued at $98,302,000 after acquiring an additional 20,668 shares during the period. Geode Capital Management LLC increased its holdings in Sherwin-Williams by 7.3% in the 4th quarter. Geode Capital Management LLC now owns 938,381 shares of the specialty chemicals company’s stock worth $368,468,000 after purchasing an additional 64,106 shares in the last quarter. Virtu Financial LLC increased its holdings in Sherwin-Williams by 208.2% in the 1st quarter. Virtu Financial LLC now owns 2,786 shares of the specialty chemicals company’s stock worth $1,200,000 after purchasing an additional 1,882 shares in the last quarter. Retirement Systems of Alabama increased its holdings in Sherwin-Williams by 0.3% in the 1st quarter. Retirement Systems of Alabama now owns 37,993 shares of the specialty chemicals company’s stock worth $16,364,000 after purchasing an additional 98 shares in the last quarter. Finally, Sciencast Management LP acquired a new position in Sherwin-Williams in the 1st quarter worth about $395,000. Institutional investors and hedge funds own 76.05% of the company’s stock.
Shares of SHW traded up $10.35 during midday trading on Tuesday, hitting $526.08. 18,055 shares of the company traded hands, compared to its average volume of 651,687. The firm has a 50 day simple moving average of $482.63. Sherwin-Williams Co has a 52 week low of $355.28 and a 52 week high of $524.00. The stock has a market cap of $47.95 billion, a PE ratio of 28.38, a price-to-earnings-growth ratio of 2.04 and a beta of 1.28. The company has a debt-to-equity ratio of 2.29, a quick ratio of 0.50 and a current ratio of 0.80.
The firm also recently declared a quarterly dividend, which will be paid on Friday, September 6th. Investors of record on Friday, August 16th will be issued a $1.13 dividend. This represents a $4.52 dividend on an annualized basis and a dividend yield of 0.86%. The ex-dividend date is Thursday, August 15th. Sherwin-Williams’s payout ratio is 24.39%.
In other Sherwin-Williams news, Director Jeff M. Fettig purchased 500 shares of the stock in a transaction that occurred on Wednesday, May 22nd. The stock was purchased at an average price of $432.07 per share, with a total value of $216,035.00. The purchase was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director David F. Hodnik sold 501 shares of the stock in a transaction dated Thursday, August 1st. The shares were sold at an average price of $521.57, for a total transaction of $261,306.57. Following the completion of the transaction, the director now directly owns 9,569 shares of the company’s stock, valued at approximately $4,990,903.33. The disclosure for this sale can be found here. In the last ninety days, insiders sold 31,608 shares of company stock valued at $15,329,391. 0.50% of the stock is owned by insiders.
SHW has been the topic of a number of research analyst reports. Barclays boosted their price target on Sherwin-Williams from $470.00 to $505.00 and gave the company an “equal weight” rating in a report on Wednesday, July 24th. Northcoast Research restated a “neutral” rating on shares of Sherwin-Williams in a research note on Monday, July 29th. Morgan Stanley upped their target price on shares of Sherwin-Williams from $455.00 to $500.00 and gave the stock an “overweight” rating in a report on Monday, April 15th. Credit Suisse Group upped their target price on shares of Sherwin-Williams from $487.00 to $525.00 and gave the stock an “outperform” rating in a report on Wednesday, July 24th. Finally, Buckingham Research upped their target price on shares of Sherwin-Williams from $440.00 to $460.00 and gave the stock a “neutral” rating in a report on Wednesday, July 24th. Nine research analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and an average price target of $513.37.
The Sherwin-Williams Company develops, manufactures, distributes, and sells paints, coatings, and related products to professional, industrial, commercial, and retail customers. It operates in 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.
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