Condor Capital Management Has $3.65 Million Holdings in The Sherwin-Williams Company (NYSE:SHW)

Condor Capital Management lessened its position in shares of The Sherwin-Williams Company (NYSE:SHW) by 2.1% in the second quarter, according to its most recent filing with the SEC. The firm owned 12,225 shares of the specialty chemicals company’s stock after selling 261 shares during the quarter. Condor Capital Management’s holdings in Sherwin-Williams were worth $3,648,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Waterloo Capital L.P. acquired a new stake in Sherwin-Williams during the 4th quarter valued at approximately $360,000. Valeo Financial Advisors LLC grew its position in shares of Sherwin-Williams by 7.9% during the 2nd quarter. Valeo Financial Advisors LLC now owns 2,636 shares of the specialty chemicals company’s stock worth $787,000 after buying an additional 193 shares during the period. Massmutual Trust Co. FSB ADV grew its position in shares of Sherwin-Williams by 7.2% during the 1st quarter. Massmutual Trust Co. FSB ADV now owns 1,533 shares of the specialty chemicals company’s stock worth $532,000 after buying an additional 103 shares during the period. Brevan Howard Capital Management LP grew its position in shares of Sherwin-Williams by 259.1% during the 4th quarter. Brevan Howard Capital Management LP now owns 6,998 shares of the specialty chemicals company’s stock worth $2,183,000 after buying an additional 5,049 shares during the period. Finally, Transcend Capital Advisors LLC grew its position in shares of Sherwin-Williams by 24.1% during the 2nd quarter. Transcend Capital Advisors LLC now owns 7,805 shares of the specialty chemicals company’s stock worth $2,329,000 after buying an additional 1,514 shares during the period. Institutional investors and hedge funds own 77.67% of the company’s stock.

Insider Buying and Selling

In related news, CFO Allen J. Mistysyn sold 14,520 shares of Sherwin-Williams stock in a transaction dated Friday, August 30th. The stock was sold at an average price of $366.83, for a total value of $5,326,371.60. Following the completion of the sale, the chief financial officer now owns 63,520 shares of the company’s stock, valued at approximately $23,301,041.60. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. 0.60% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

Several analysts have recently commented on the stock. Jefferies Financial Group raised their price objective on shares of Sherwin-Williams from $392.00 to $415.00 and gave the stock a “buy” rating in a research report on Monday, August 26th. UBS Group raised their price objective on shares of Sherwin-Williams from $375.00 to $412.00 and gave the stock a “buy” rating in a research report on Friday, August 30th. The Goldman Sachs Group raised their price objective on shares of Sherwin-Williams from $344.00 to $390.00 and gave the stock a “buy” rating in a research report on Wednesday, July 24th. KeyCorp lifted their price target on shares of Sherwin-Williams from $400.00 to $410.00 and gave the company an “overweight” rating in a research report on Wednesday, July 24th. Finally, Morgan Stanley lifted their price target on shares of Sherwin-Williams from $338.00 to $375.00 and gave the company an “overweight” rating in a research report on Wednesday, July 24th. One analyst has rated the stock with a sell rating, seven have issued a hold rating, fourteen have assigned a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $362.68.

Sherwin-Williams Price Performance

Shares of NYSE:SHW opened at $375.40 on Friday. The company has a current ratio of 0.81, a quick ratio of 0.50 and a debt-to-equity ratio of 2.17. The stock’s fifty day simple moving average is $346.75 and its two-hundred day simple moving average is $326.72. The Sherwin-Williams Company has a 1-year low of $232.06 and a 1-year high of $378.86. The stock has a market cap of $94.70 billion, a PE ratio of 40.02, a price-to-earnings-growth ratio of 2.92 and a beta of 1.17.

Sherwin-Williams (NYSE:SHW) last released its earnings results on Tuesday, July 23rd. The specialty chemicals company reported $3.70 EPS for the quarter, topping analysts’ consensus estimates of $3.51 by $0.19. The company had revenue of $6.27 billion for the quarter, compared to analysts’ expectations of $6.33 billion. Sherwin-Williams had a return on equity of 75.58% and a net margin of 10.92%. The business’s revenue for the quarter was up .5% compared to the same quarter last year. During the same period in the previous year, the business posted $3.29 EPS. As a group, analysts forecast that The Sherwin-Williams Company will post 11.47 EPS for the current fiscal year.

Sherwin-Williams Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, September 6th. Investors of record on Friday, August 16th were issued a $0.715 dividend. This represents a $2.86 annualized dividend and a yield of 0.76%. The ex-dividend date was Friday, August 16th. Sherwin-Williams’s dividend payout ratio (DPR) is currently 30.49%.

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.