Seatown Holdings Pte. Ltd. adds Sherwin-Williams Co (SHW) to its portfolio

Sherwin-Williams Co (SHW) : Seatown Holdings Pte. Ltd. added new position in Sherwin-Williams Co during the most recent quarter end. The investment management firm now holds 17,800 shares of Sherwin-Williams Co which is valued at $5,265,418 , the company said in a statement filed on Aug 10, 2016 with the SEC.Sherwin-Williams Co makes up approximately 1.51% of Seatown Holdings Pte. Ltd.’s portfolio.

Other Hedge Funds, Including , Ajo Lp reduced its stake in SHW by selling 13,480 shares or 94.85% in the most recent quarter. The Hedge Fund company now holds 732 shares of SHW which is valued at $217,821.Commerce Bank reduced its stake in SHW by selling 1,523 shares or 18.29% in the most recent quarter. The Hedge Fund company now holds 6,805 shares of SHW which is valued at $2,019,316. Sherwin-Williams Co makes up approx 0.03% of Commerce Bank’s portfolio.Global X Management Co boosted its stake in SHW in the latest quarter, The investment management firm added 112 additional shares and now holds a total of 255 shares of Sherwin-Williams Co which is valued at $75,669.

Sherwin-Williams Co closed down -0.81 points or -0.28% at $287.77 with 9,44,743 shares getting traded on Friday. Post opening the session at $287.66, the shares hit an intraday low of $285.31 and an intraday high of $288.105 and the price fluctuated in this range throughout the day.Shares ended Friday 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.

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.

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