Mpam Credit Trading Partners adds Sherwin-Williams Co (SHW) to its portfolio

Sherwin-Williams Co (SHW) : Mpam Credit Trading Partners added new position in Sherwin-Williams Co during the most recent quarter end. The investment management firm now holds 30,284 shares of Sherwin-Williams Co which is valued at $8.9 Million , the company said in a statement filed on May 13, 2016 with the SEC.Sherwin-Williams Co makes up approximately 21.76% of Mpam Credit Trading Partners’s portfolio.

Other Hedge Funds, Including , Assetmark Inc reduced its stake in SHW by selling 164 shares or 22.78% in the most recent quarter. The Hedge Fund company now holds 556 shares of SHW which is valued at $163,003.Sumitomo Mitsui Asset Management Company Ltd boosted its stake in SHW in the latest quarter, The investment management firm added 123 additional shares and now holds a total of 5,876 shares of Sherwin-Williams Co which is valued at $1.7 Million. Sherwin-Williams Co makes up approx 0.05% of Sumitomo Mitsui Asset Management Company Ltd’s portfolio.State Treasurer State Of Michigan reduced its stake in SHW by selling 100 shares or 0.37% in the most recent quarter. The Hedge Fund company now holds 26,995 shares of SHW which is valued at $7.8 Million. Sherwin-Williams Co makes up approx 0.06% of State Treasurer State Of Michigan’s portfolio.State Board Of Administration Of Florida Retirement System reduced its stake in SHW by selling 2,040 shares or 2.08% in the most recent quarter. The Hedge Fund company now holds 96,145 shares of SHW which is valued at $27.9 Million. Sherwin-Williams Co makes up approx 0.11% of State Board Of Administration Of Florida Retirement System’s portfolio.Pitcairn Co reduced its stake in SHW by selling 304 shares or 22.34% in the most recent quarter. The Hedge Fund company now holds 1,057 shares of SHW which is valued at $303,687. Sherwin-Williams Co makes up approx 0.04% of Pitcairn Co’s portfolio.

Sherwin-Williams Co closed down -0.67 points or -0.23% at $291.25 with 5,85,379 shares getting traded on Wednesday. Post opening the session at $293.02, the shares hit an intraday low of $291.07 and an intraday high of $294.29 and the price fluctuated in this range throughout the day.Shares ended Wednesday session in Red.

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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