Giovine Capital Group buys $2.5 Million stake in Sherwin-Williams Co (SHW)

Sherwin-Williams Co (SHW) : Giovine Capital Group scooped up 4,209 additional shares in Sherwin-Williams Co during the most recent quarter end , the firm said in a disclosure report filed with the SEC on May 11, 2016. The investment management firm now holds a total of 8,457 shares of Sherwin-Williams Co which is valued at $2.5 Million.Sherwin-Williams Co makes up approximately 3.52% of Giovine Capital Group’s portfolio.

Other Hedge Funds, Including , Bradley Foster Sargent Incct boosted its stake in SHW in the latest quarter, The investment management firm added 125 additional shares and now holds a total of 8,210 shares of Sherwin-Williams Co which is valued at $2.4 Million. Sherwin-Williams Co makes up approx 0.11% of Bradley Foster Sargent Incct’s portfolio.Mutual Of America Capital Management boosted its stake in SHW in the latest quarter, The investment management firm added 349 additional shares and now holds a total of 9,175 shares of Sherwin-Williams Co which is valued at $2.7 Million. Sherwin-Williams Co makes up approx 0.06% of Mutual Of America Capital Management’s portfolio.Ibm Retirement Fund reduced its stake in SHW by selling 9,101 shares or 46.27% in the most recent quarter. The Hedge Fund company now holds 10,567 shares of SHW which is valued at $3.1 Million. Sherwin-Williams Co makes up approx 0.12% of Ibm Retirement Fund’s portfolio.Proshare Advisors boosted its stake in SHW in the latest quarter, The investment management firm added 18,448 additional shares and now holds a total of 113,649 shares of Sherwin-Williams Co which is valued at $33 Million. Sherwin-Williams Co makes up approx 0.46% of Proshare Advisors’s portfolio.Spectrum Management Group boosted its stake in SHW in the latest quarter, The investment management firm added 255 additional shares and now holds a total of 5,310 shares of Sherwin-Williams Co which is valued at $1.5 Million. Sherwin-Williams Co makes up approx 0.59% of Spectrum Management Group’s portfolio.

Sherwin-Williams Co opened for trading at $294.5 and hit $297.99 on the upside on Monday, eventually ending the session at $297.68, with a gain of 1.54% or 4.51 points. The heightened volatility saw the trading volume jump to 4,38,776 shares. Company has a market cap of $27,534 M.

On the company’s financial health, Sherwin-Williams Co reported $1.81 EPS for the quarter, beating the analyst consensus estimate by $ 0.19 according to the earnings call on Apr 21, 2016. Analyst had a consensus of $1.62. The company had revenue of $2574.00 million for the quarter, compared to analysts expectations of $2480.02 million. The company’s revenue was up 5.0% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.38 EPS.

Many Wall Street Analysts have commented on Sherwin-Williams Co. Company shares were Reiterated by RBC Capital Mkts on Apr 22, 2016 to “Outperform”, Firm has raised the Price Target to $ 340 from a previous price target of $337 .Company shares were Reiterated by UBS on Apr 22, 2016 to “Neutral”, Firm has raised the Price Target to $ 305 from a previous price target of $290 .Sherwin-Williams Co was Resumed by Credit Suisse to “Outperform” on Mar 22, 2016.

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.

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