691 shares in The Sherwin-Williams Company (NYSE:SHW) acquired by Kornitzer Capital Management Inc. KS

Kornitzer Capital Management Inc. KS acquired a new stake in shares of The Sherwin-Williams Company (NYSE:SHW – Free Report) during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund acquired 691 shares of the specialty chemicals company’s stock, valued at approximately $206,000.

Other large investors have also added to or reduced their stakes in the company. Mitsubishi UFJ Asset Management Co. Ltd. boosted its holdings in Sherwin-Williams by 5.7% during the fourth quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 261,178 shares of the specialty chemicals company’s stock valued at $77,510,000 after buying an additional 13,984 shares in the last quarter. Waterloo Capital LP acquired a new position in shares of Sherwin-Williams in the fourth quarter valued at $360,000. Valeo Financial Advisors LLC boosted its holdings in shares of Sherwin-Williams by 7.9% in the second 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 last quarter. Massmutual Trust Co. FSB ADV boosted its holdings in shares of Sherwin-Williams by 7.2% in the first 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 last quarter. Finally, Brevan Howard Capital Management LP boosted its holdings in shares of Sherwin-Williams by 259.1% in the fourth quarter. Brevan Howard Capital Management LP now owns 6,998 shares of the specialty chemicals company’s stock worth $2,183,000 after purchasing an additional 5,049 shares during the last quarter. Hedge funds and other institutional investors own 77.67% of the company’s shares.

Indoor activity

In other news, CFO Allen J. Mistysyn sold 14,520 shares of the business’s stock in a transaction dated Friday, August 30th. The shares were sold at an average price of $366.83, for a total transaction of $5,326,371.60. Following the transaction, the chief financial officer now owns 63,520 shares in the company, valued at $23,301,041.60. The transaction was disclosed in a filing with the SEC, which is accessible via this hyperlink. Corporate insiders own 0.60% of the company’s shares.

Analyst upgrades and downgrades

SHW has been the subject of several research analyst reports. Evercore ISI boosted their target price on shares of Sherwin-Williams from $365.00 to $380.00 and gave the stock an “outperform” rating in a report on Friday, August 30th. KeyCorp boosted their target price on shares of Sherwin-Williams from $400.00 to $410.00 and gave the stock an “overweight” rating in a research report on Wednesday, July 24th. Wells Fargo & Company boosted their target price on shares of Sherwin-Williams from $320.00 to $350.00 and gave the stock an “equal weight” rating in a research report on Wednesday, July 24th. Robert W. Baird raised their price target on shares of Sherwin-Williams from $310.00 to $325.00 and gave the stock a “neutral” rating in a research report on Wednesday, July 24th. Finally, Jefferies Financial Group upped their price target on shares of Sherwin-Williams from $392.00 to $415.00 and gave the stock a “buy” rating in a research report on Monday, 26th August. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating, fourteen have issued a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $362.68.

Read the latest stock analysis on Sherwin-Williams

Sherwin-Williams stocks rose 0.2%

NYSE:SHW opened at $360.83 on Friday. Sherwin-Williams Company has a 1 year low of $232.06 and a 1 year high of $371.19. The company has a 50-day moving average of $339.22 and a 200-day moving average of $324.88. The firm has a market cap of $91.02 billion, a PE ratio of 38.47, a price-to-earnings-growth ratio of 2.90 and a beta of 1.17. The company has a debt-to-equity ratio of 2.17, a current ratio of 0.81, and a quick ratio of 0.50.

Sherwin-Williams (NYSE:SHW – Get Your Free Report ) last posted its quarterly earnings results on Tuesday, July 23rd. The specialty chemicals company reported $3.70 EPS for the quarter, topping the consensus estimate of $3.51 by $0.19. The business had revenue of $6.27 billion during the quarter, compared to analyst estimates of $6.33 billion. Sherwin-Williams had a net margin of 10.92% and a return on equity of 75.58%. The company’s quarterly revenue was up 0.5% year over year. In the same period last year, the firm posted earnings per share of $3.29. As a group, research analysts anticipate 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. Stockholders of record on Friday, August 16th were issued a dividend of $0.715 per share. The ex-dividend date was Friday, August 16. This represents an annualized dividend of $2.86 and a dividend yield of 0.79%. Sherwin-Williams’s dividend payout ratio (DPR) is currently 30.49%.

Profile of Sherwin-Williams

(Free report)

The Sherwin-Williams Company engages in the development, manufacture, distribution and sale of paints, coatings 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.

Featured stories

Want to see what other hedge funds own SHW? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for The Sherwin-Williams Company (NYSE:SHW – Free Report).

Get news and reviews for Sherwin-Williams Daily – Enter your email address below to receive a concise daily summary of the latest news and analysts’ ratings for Sherwin-Williams and related companies with MarketBeat.com’s FREE daily email newsletter.