Montag & Caldwell LLC Increases Holdings in Sherwin-Williams Co (SHW)


Montag & Caldwell LLC raised its position in Sherwin-Williams Co (NYSE:SHW) by 7.2% in the second quarter, according to its most recent disclosure with the SEC. The firm owned 176,834 shares of the specialty chemicals company’s stock after acquiring an additional 11,885 shares during the period. Sherwin-Williams makes up about 2.9% of Montag & Caldwell LLC’s holdings, making the stock its 19th largest position. Montag & Caldwell LLC owned 0.19% of Sherwin-Williams worth $72,073,000 at the end of the most recent reporting period.


A number of other institutional investors have also recently made changes to their positions in the business. BlackRock Inc. grew its stake in Sherwin-Williams by 0.9% in the first quarter. BlackRock Inc. now owns 5,633,466 shares of the specialty chemicals company’s stock valued at $2,208,994,000 after acquiring an additional 47,494 shares during the period. Massachusetts Financial Services Co. MA grew its stake in Sherwin-Williams by 2.7% in the second quarter. Massachusetts Financial Services Co. MA now owns 3,965,703 shares of the specialty chemicals company’s stock valued at $1,616,302,000 after acquiring an additional 103,497 shares during the period. JPMorgan Chase & Co. grew its stake in Sherwin-Williams by 4.4% in the first quarter. JPMorgan Chase & Co. now owns 1,396,160 shares of the specialty chemicals company’s stock valued at $547,463,000 after acquiring an additional 58,419 shares during the period. Fiera Capital Corp grew its stake in Sherwin-Williams by 3.3% in the first quarter. Fiera Capital Corp now owns 1,311,131 shares of the specialty chemicals company’s stock valued at $514,120,000 after acquiring an additional 42,234 shares during the period. Finally, Principal Financial Group Inc. grew its stake in Sherwin-Williams by 5.8% in the first quarter. Principal Financial Group Inc. now owns 1,118,210 shares of the specialty chemicals company’s stock valued at $438,474,000 after acquiring an additional 61,587 shares during the period. 74.89% of the stock is owned by hedge funds and other institutional investors.


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A number of brokerages have commented on SHW. Jefferies Financial Group reissued a “hold” rating and issued a $465.00 price objective on shares of Sherwin-Williams in a research note on Wednesday, July 25th. Northcoast Research reissued a “buy” rating and issued a $465.00 price objective on shares of Sherwin-Williams in a research note on Friday, July 27th. Credit Suisse Group set a $457.00 price objective on Sherwin-Williams and gave the company a “buy” rating in a research note on Wednesday, May 23rd. Morgan Stanley raised their price objective on Sherwin-Williams from $425.00 to $455.00 and gave the company an “overweight” rating in a research note on Tuesday, July 17th. Finally, Zacks Investment Research cut Sherwin-Williams from a “buy” rating to a “hold” rating in a research report on Wednesday, April 4th. One research analyst has rated the stock with a sell rating, seven have issued a hold rating, sixteen have issued a buy rating and one has assigned a strong buy rating to the company. The company has an average rating of “Buy” and an average price target of $461.60.


In related news, insider Joel D. Baxter sold 2,533 shares of Sherwin-Williams stock in a transaction on Friday, July 27th. The stock was sold at an average price of $447.21, for a total transaction of $1,132,782.93. Following the sale, the insider now directly owns 1,593 shares in the company, valued at $712,405.53. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Susan J. Kropf sold 995 shares of Sherwin-Williams stock in a transaction on Thursday, July 26th. The stock was sold at an average price of $445.43, for a total value of $443,202.85. The disclosure for this sale can be found here. Insiders have sold 24,474 shares of company stock worth $10,777,564 over the last quarter. 0.78% of the stock is currently owned by corporate insiders.


Shares of Sherwin-Williams traded down $0.52, hitting $437.73, during mid-day trading on Thursday, MarketBeat Ratings reports. 4,093 shares of the company traded hands, compared to its average volume of 648,666. The stock has a market cap of $41.16 billion, a price-to-earnings ratio of 30.71, a PEG ratio of 1.92 and a beta of 1.22. The company has a quick ratio of 0.75, a current ratio of 1.20 and a debt-to-equity ratio of 2.59. Sherwin-Williams Co has a 12-month low of $326.68 and a 12-month high of $450.83.

Sherwin-Williams (NYSE:SHW) last announced its earnings results on Tuesday, July 24th. The specialty chemicals company reported $5.73 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $5.59 by $0.14. The company had revenue of $4.77 billion for the quarter, compared to analysts’ expectations of $4.65 billion. Sherwin-Williams had a return on equity of 46.68% and a net margin of 10.84%. Sherwin-Williams’s quarterly revenue was up 27.8% on a year-over-year basis. During the same quarter in the previous year, the firm earned $4.52 earnings per share. equities research analysts expect that Sherwin-Williams Co will post 19.27 earnings per share for the current year.


The firm also recently declared a quarterly dividend, which will be paid on Friday, September 7th. Investors of record on Friday, August 17th will be issued a dividend of $0.86 per share. The ex-dividend date is Thursday, August 16th. This represents a $3.44 dividend on an annualized basis and a yield of 0.79%. Sherwin-Williams’s dividend payout ratio (DPR) is currently 24.11%.

Sherwin-Williams Company Profile

The Sherwin-Williams Company develops, manufactures, distributes, and sells paints, coatings, and related products to professional, industrial, commercial, and retail customers primarily in North and South America, the Caribbean, Europe, Asia, and Australia. The company operates in three segments: The Americas Group, Consumer Brands Group, and Performance Coatings Group.

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