United Super Pty Ltd in its capacity as Trustee for the Construction & Building Unions Superannuation Fund Has $25.92 Million Stake in The Sherwin-Williams Company (NYSE:SHW)

Key Points

• United Super Pty Ltd has increased its stake in Sherwin-Williams by 14.1% by acquiring an additional 9,193 shares, bringing its total holdings to 74,232 shares worth approximately $25.9 million.
• Sherwin-Williams reported a missed earnings estimate for the last quarter with earnings per share at $3.38, below the consensus estimate of $3.76, despite a year-over-year revenue increase of 0.6% to $6.31 billion.
• The company announced a quarterly dividend of $0.79 per share, which will be paid on September 5th, indicating a yield of 0.9% based on the current stock price.

United Super Pty Ltd in its capacity as Trustee for the Construction & Building Unions Superannuation Fund grew its stake in The Sherwin-Williams Company (NYSE:SHW - Free Report) by 14.1% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 74,232 shares of the specialty chemicals company's stock after purchasing an additional 9,193 shares during the period. United Super Pty Ltd in its capacity as Trustee for the Construction & Building Unions Superannuation Fund's holdings in Sherwin-Williams were worth $25,921,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently bought and sold shares of SHW. Park Square Financial Group LLC acquired a new stake in Sherwin-Williams in the 4th quarter worth $27,000. Perkins Coie Trust Co acquired a new stake in shares of Sherwin-Williams during the 1st quarter valued at about $27,000. Synergy Investment Management LLC boosted its position in shares of Sherwin-Williams by 583.3% during the 1st quarter. Synergy Investment Management LLC now owns 82 shares of the specialty chemicals company's stock valued at $29,000 after acquiring an additional 70 shares in the last quarter. Barnes Dennig Private Wealth Management LLC acquired a new stake in shares of Sherwin-Williams during the 1st quarter valued at about $30,000. Finally, HWG Holdings LP acquired a new stake in shares of Sherwin-Williams during the 1st quarter valued at about $46,000. 77.67% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

SHW has been the topic of several recent research reports. Royal Bank Of Canada lifted their target price on shares of Sherwin-Williams from $410.00 to $420.00 and gave the company an "outperform" rating in a research report on Thursday, May 1st. Citigroup cut their price target on shares of Sherwin-Williams from $385.00 to $375.00 and set a "neutral" rating for the company in a report on Wednesday, July 23rd. Wells Fargo & Company cut their price target on shares of Sherwin-Williams from $420.00 to $400.00 and set an "overweight" rating for the company in a report on Wednesday, July 23rd. JPMorgan Chase & Co. cut their price target on shares of Sherwin-Williams from $390.00 to $378.00 and set an "overweight" rating for the company in a report on Wednesday, July 23rd. Finally, Bank of America lifted their price target on shares of Sherwin-Williams from $289.00 to $296.00 and gave the company an "underperform" rating in a report on Monday, June 23rd. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating, ten have given a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, Sherwin-Williams has an average rating of "Moderate Buy" and a consensus price target of $383.33.

Sherwin-Williams Trading Down 0.4%

NYSE SHW traded down $1.26 during trading on Wednesday, reaching $350.83. 1,764,321 shares of the stock traded hands, compared to its average volume of 1,769,870. The firm has a market cap of $87.47 billion, a price-to-earnings ratio of 34.80, a price-to-earnings-growth ratio of 3.29 and a beta of 1.16. The Sherwin-Williams Company has a fifty-two week low of $308.84 and a fifty-two week high of $400.42. The company has a quick ratio of 0.48, a current ratio of 0.78 and a debt-to-equity ratio of 1.78. The stock's 50-day moving average price is $345.90 and its 200 day moving average price is $348.04.

Sherwin-Williams (NYSE:SHW - Get Free Report) last released its quarterly earnings results on Tuesday, July 22nd. The specialty chemicals company reported $3.38 earnings per share for the quarter, missing the consensus estimate of $3.76 by ($0.38). The company had revenue of $6.31 billion during the quarter, compared to analyst estimates of $6.31 billion. Sherwin-Williams had a net margin of 11.03% and a return on equity of 66.91%. The firm's quarterly revenue was up .6% compared to the same quarter last year. During the same quarter last year, the company earned $3.70 EPS. Analysts predict that The Sherwin-Williams Company will post 12 EPS for the current year.

Sherwin-Williams Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, September 5th. Investors of record on Friday, August 15th will be issued a dividend of $0.79 per share. The ex-dividend date is Friday, August 15th. This represents a $3.16 annualized dividend and a yield of 0.9%. Sherwin-Williams's dividend payout ratio is presently 31.35%.

Sherwin-Williams Company Profile

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.