JBJ Investment Partners LLC Has $594,000 Stake in Sherwin-Williams Co (NYSE:SHW)

JBJ Investment Partners LLC boosted its position in shares of Sherwin-Williams Co (NYSE:SHW) by 4.0% during the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 1,296 shares of the specialty chemicals company’s stock after buying an additional 50 shares during the period. Sherwin-Williams makes up approximately 0.2% of JBJ Investment Partners LLC’s investment portfolio, making the stock its 21st largest position. JBJ Investment Partners LLC’s holdings in Sherwin-Williams were worth $594,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. Trust Co. of Oklahoma increased its stake in shares of Sherwin-Williams by 4.9% in the 2nd quarter. Trust Co. of Oklahoma now owns 1,359 shares of the specialty chemicals company’s stock valued at $623,000 after acquiring an additional 64 shares in the last quarter. Tokio Marine Asset Management Co. Ltd. bought a new stake in shares of Sherwin-Williams in the 2nd quarter valued at $653,000. Appleton Partners Inc. MA increased its stake in shares of Sherwin-Williams by 2.5% in the 2nd quarter. Appleton Partners Inc. MA now owns 17,522 shares of the specialty chemicals company’s stock valued at $8,030,000 after acquiring an additional 435 shares in the last quarter. Financial Advisory Service Inc. bought a new stake in shares of Sherwin-Williams in the 2nd quarter valued at $201,000. Finally, Strs Ohio increased its stake in shares of Sherwin-Williams by 2.2% in the 2nd quarter. Strs Ohio now owns 149,452 shares of the specialty chemicals company’s stock valued at $68,492,000 after acquiring an additional 3,248 shares in the last quarter. Hedge funds and other institutional investors own 76.28% of the company’s stock.

In related news, Chairman John G. Morikis sold 16,260 shares of the business’s stock in a transaction dated Wednesday, June 12th. The stock was sold at an average price of $471.26, for a total value of $7,662,687.60. Following the sale, the chairman now directly owns 112,276 shares in the company, valued at approximately $52,911,187.76. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Robert F. Lynch sold 6,984 shares of the company’s stock in a transaction dated Monday, May 13th. The shares were sold at an average price of $430.54, for a total value of $3,006,891.36. Following the sale, the insider now owns 13,855 shares in the company, valued at $5,965,131.70. The disclosure for this sale can be found here. Insiders sold a total of 38,592 shares of company stock worth $18,336,282 over the last three months. 0.50% of the stock is owned by insiders.

Several analysts have recently weighed in on SHW shares. Wells Fargo & Co lifted their price objective on shares of Sherwin-Williams from $510.00 to $565.00 and gave the company an “outperform” rating in a research note on Wednesday, July 24th. Susquehanna Bancshares lifted their price objective on shares of Sherwin-Williams from $545.00 to $580.00 and gave the company a “positive” rating in a research note on Thursday, July 25th. Barclays lifted their price objective on shares of Sherwin-Williams from $470.00 to $505.00 and gave the company an “equal weight” rating in a research note on Wednesday, July 24th. Wolfe Research lowered shares of Sherwin-Williams from an “outperform” rating to a “peer perform” rating in a research note on Thursday, April 25th. Finally, ValuEngine raised shares of Sherwin-Williams from a “hold” rating to a “buy” rating in a research report on Friday, June 7th. Nine equities research analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the stock. The company currently has an average rating of “Buy” and an average target price of $513.37.

SHW opened at $495.36 on Tuesday. The company has a quick ratio of 0.50, a current ratio of 0.80 and a debt-to-equity ratio of 2.29. The stock has a market cap of $47.09 billion, a P/E ratio of 26.73, a price-to-earnings-growth ratio of 2.00 and a beta of 1.28. The business’s fifty day moving average price is $475.65. Sherwin-Williams Co has a 1 year low of $355.28 and a 1 year high of $523.26.

Sherwin-Williams (NYSE:SHW) last issued its quarterly earnings results on Tuesday, July 23rd. The specialty chemicals company reported $6.57 earnings per share for the quarter, topping the Zacks’ consensus estimate of $6.35 by $0.22. The company had revenue of $4.88 billion for the quarter, compared to the consensus estimate of $4.94 billion. Sherwin-Williams had a net margin of 6.61% and a return on equity of 48.92%. The firm’s quarterly revenue was up 2.2% on a year-over-year basis. During the same period in the previous year, the firm earned $5.73 EPS. As a group, sell-side analysts forecast that Sherwin-Williams Co will post 21.1 EPS for the current fiscal year.

The business 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 0.91%. The ex-dividend date of this dividend is Thursday, August 15th. Sherwin-Williams’s dividend payout ratio (DPR) is currently 24.39%.

About Sherwin-Williams

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

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