Latest Stocks: Sherwin-Williams Co (SHW) Stake Cut by Suntrust Banks Inc.

Latest Stocks: Sherwin-Williams Co (SHW) Stake Cut by Suntrust Banks Inc.

Suntrust Banks Inc. reduced its stake in shares of Sherwin-Williams Co (NYSE:SHW) by 2.7% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 19,314 shares of the specialty chemicals company’s stock after selling 541 shares during the period. Suntrust Banks Inc.’s holdings in Sherwin-Williams were worth $5,989,000 as of its most recent SEC filing.

A number of other institutional investors have also bought and sold shares of SHW. Massmutual Trust Co. FSB ADV purchased a new position in Sherwin-Williams during the fourth quarter valued at $104,000. Parallel Advisors LLC purchased a new position in Sherwin-Williams during the fourth quarter valued at $113,000. SRS Capital Advisors Inc. purchased a new position in Sherwin-Williams during the fourth quarter valued at $118,000. TLP Group LLC purchased a new position in Sherwin-Williams during the third quarter valued at $120,000. Finally, Barometer Capital Management Inc. purchased a new position in Sherwin-Williams during the first quarter valued at $124,000. Hedge funds and other institutional investors own 72.94% of the company’s stock.

Sherwin-Williams Co (NYSE SHW) opened at 342.26 on Tuesday. The stock has a 50 day moving average of $332.14 and a 200 day moving average of $303.47. Sherwin-Williams Co has a one year low of $239.48 and a one year high of $346.86. The firm has a market cap of $31.68 billion, a PE ratio of 26.81 and a beta of 1.00.

Sherwin-Williams (NYSE:SHW) last issued its earnings results on Thursday, April 20th. The specialty chemicals company reported $2.27 EPS for the quarter, beating analysts’ consensus estimates of $2.07 by $0.20. The business had revenue of $2.76 billion during the quarter, compared to analyst estimates of $2.72 billion. Sherwin-Williams had a return on equity of 82.20% and a net margin of 9.40%. Sherwin-Williams’s revenue was up 7.3% on a year-over-year basis. During the same period in the prior year, the company posted $1.81 earnings per share. On average, equities analysts forecast that Sherwin-Williams Co will post $14.20 earnings per share for the current year. The business also recently disclosed a quarterly dividend, which was paid on Friday, June 2nd. Shareholders of record on Friday, May 19th were paid a dividend of $0.85 per share. The ex-dividend date was Wednesday, May 17th. This represents a $3.40 annualized dividend and a yield of 0.99%. Sherwin-Williams’s dividend payout ratio is currently 28.50%.

Sherwin-Williams (NYSE:SHW) last issued its earnings results on Thursday, April 20th. The specialty chemicals company reported $2.27 EPS for the quarter, beating analysts’ consensus estimates of $2.07 by $0.20. The business had revenue of $2.76 billion during the quarter, compared to analyst estimates of $2.72 billion. Sherwin-Williams had a return on equity of 82.20% and a net margin of 9.40%. Sherwin-Williams’s revenue was up 7.3% on a year-over-year basis. During the same period in the prior year, the company posted $1.81 earnings per share. On average, equities analysts forecast that Sherwin-Williams Co will post $14.20 earnings per share for the current year. A number of research firms have recently issued reports on SHW. Morgan Stanley reissued an “overweight” rating and issued a $375.00 price target (up from $335.00) on shares of Sherwin-Williams in a research note on Wednesday, May 17th. Zacks Investment Research downgraded shares of Sherwin-Williams from a “buy” rating to a “hold” rating in a research note on Monday, May 29th. Jefferies Group LLC began coverage on shares of Sherwin-Williams in a research note on Friday, May 26th. They issued a “hold” rating and a $364.00 price target on the stock. Barclays PLC boosted their price target on shares of Sherwin-Williams from $310.00 to $335.00 and gave the company an “equal weight” rating in a research note on Monday, April 24th. Finally, Credit Suisse Group AG set a $344.00 target price on shares of Sherwin-Williams and gave the stock a “buy” rating in a research note on Thursday, April 20th. One research analyst has rated the stock with a sell rating, seven have given a hold rating and ten have issued a buy rating to the company. The company currently has an average rating of “Buy” and a consensus target price of $342.52.

In other Sherwin-Williams news, SVP Catherine M. Kilbane sold 22,635 shares of the stock in a transaction on Friday, April 21st. The stock was sold at an average price of $324.47, for a total transaction of $7,344,378.45. Following the completion of the transaction, the senior vice president now directly owns 16,635 shares in the company, valued at $5,397,558.45. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Robert J. Davisson sold 10,500 shares of the stock in a transaction on Thursday, May 4th. The stock was sold at an average price of $335.00, for a total value of $3,517,500.00. Following the transaction, the insider now owns 7,166 shares of the company’s stock, valued at $2,400,610. The disclosure for this sale can be found here. Insiders have sold 46,955 shares of company stock valued at $15,525,668 over the last quarter. Corporate insiders own 1.89% of the company’s stock. About Sherwin-Williams

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