Mckinley Carter Wealth Services buys $1,639,008 stake in Sherwin-Williams Co (SHW)

Sherwin-Williams Co (SHW) : Mckinley Carter Wealth Services scooped up 2,107 additional shares in Sherwin-Williams Co during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Aug 1, 2016. The investment management firm now holds a total of 5,436 shares of Sherwin-Williams Co which is valued at $1,639,008.Sherwin-Williams Co makes up approximately 0.83% of Mckinley Carter Wealth Services’s portfolio.

Other Hedge Funds, Including , Putnam Fl Investment Management Co boosted its stake in SHW in the latest quarter, The investment management firm added 3,016 additional shares and now holds a total of 21,577 shares of Sherwin-Williams Co which is valued at $6,505,681. Sherwin-Williams Co makes up approx 0.75% of Putnam Fl Investment Management Co’s portfolio.Alps Advisors Inc reduced its stake in SHW by selling 104 shares or 6.89% in the most recent quarter. The Hedge Fund company now holds 1,405 shares of SHW which is valued at $410,682.Retirement Systems Of Alabama reduced its stake in SHW by selling 1,385 shares or 3.34% in the most recent quarter. The Hedge Fund company now holds 40,081 shares of SHW which is valued at $11,715,676. Sherwin-Williams Co makes up approx 0.07% of Retirement Systems Of Alabama’s portfolio.Pitcairn Co reduced its stake in SHW by selling 322 shares or 30.46% in the most recent quarter. The Hedge Fund company now holds 735 shares of SHW which is valued at $214,841. Sherwin-Williams Co makes up approx 0.03% of Pitcairn Co’s portfolio.

Sherwin-Williams Co closed down -1.48 points or -0.49% at $300.03 with 3,96,133 shares getting traded on Thursday. Post opening the session at $302.22, the shares hit an intraday low of $299.28 and an intraday high of $302.68 and the price fluctuated in this range throughout the day.Shares ended Thursday session in Red.

On the company’s financial health, Sherwin-Williams Co reported $4.06 EPS for the quarter, missing the analyst consensus estimate by $ -0.10 based on the information available during the earnings call on Jul 21, 2016. Analyst had a consensus of $4.16. The company had revenue of $3219.53 million for the quarter, compared to analysts expectations of $3283.57 million. The company’s revenue was up 2.8% compared to the same quarter last year. During the same quarter in the previous year, the company posted $3.70 EPS.

Investors should note that on Jul 20, 2016, Sherwin-Williams Co announced a cash dividend of $0.8400. The company’s management has announced Aug 17, 2016 as the ex-dividend date and fixed the record date on Aug 19, 2016. The payable date has been fixed on Sep 9, 2016.

Many Wall Street Analysts have commented on Sherwin-Williams Co. Sherwin-Williams Co was Upgraded by CLSA to ” Buy” on Jul 22, 2016. Seaport Global Securities Downgraded Sherwin-Williams Co on Jul 11, 2016 to ” Neutral”, Price Target of the shares are set at $320.

The Sherwin-Williams Company is engaged in the development manufacture distribution and sale of paint coatings and related products. The Company’s segments include Paint Stores Group Consumer Group Global Finishes Group and Latin America Coatings Group. The Paint Stores Group markets and sells architectural paint and coatings protective and marine products original equipment manufacturer (OEM) product finishes and related items. The Consumer Group develops manufactures and distributes a range of paint coatings and related products to third party customers. The Global Finishes Group develops licenses manufactures distributes and sells a range of protective and marine products automotive finishes and refinished products and OEM product finishes among others. The Latin America Coatings Group develops licenses manufactures distributes and sells a range of architectural paint and coatings protective and marine products and OEM product finishes among others.

Comments (0)

Leave a Reply

Your email address will not be published. Required fields are marked *