Vision Capital Management Lowers stake in Sherwin-Williams Co (SHW)

Sherwin-Williams Co (SHW) : Vision Capital Management reduced its stake in Sherwin-Williams Co by 50.59% during the most recent quarter end. The investment management company now holds a total of 18,842 shares of Sherwin-Williams Co which is valued at $5,573,652 after selling 19,295 shares in Sherwin-Williams Co , the firm said in a disclosure report filed with the SEC on Aug 12, 2016.Sherwin-Williams Co makes up approximately 2.08% of Vision Capital Management’s portfolio.

Other Hedge Funds, Including , Atlanta Capital Management Co L L C boosted its stake in SHW in the latest quarter, The investment management firm added 5,169 additional shares and now holds a total of 59,154 shares of Sherwin-Williams Co which is valued at $17,498,345. Sherwin-Williams Co makes up approx 0.11% of Atlanta Capital Management Co L L C’s portfolio.Canada Pension Plan Investment Board reduced its stake in SHW by selling 120,686 shares or 95.03% in the most recent quarter. The Hedge Fund company now holds 6,307 shares of SHW which is valued at $1,865,674. Sherwin-Williams Co makes up approx 0.01% of Canada Pension Plan Investment Board’s portfolio.Tredje Ap-fonden boosted its stake in SHW in the latest quarter, The investment management firm added 632 additional shares and now holds a total of 8,671 shares of Sherwin-Williams Co which is valued at $2,564,969. Sherwin-Williams Co makes up approx 0.11% of Tredje Ap-fonden’s portfolio.Allegis Investment Advisors boosted its stake in SHW in the latest quarter, The investment management firm added 562 additional shares and now holds a total of 4,634 shares of Sherwin-Williams Co which is valued at $1,375,093. Sherwin-Williams Co makes up approx 0.66% of Allegis Investment Advisors’s portfolio.

Sherwin-Williams Co opened for trading at $285.89 and hit $287.975 on the upside on Monday, eventually ending the session at $286.68, with a gain of 0.30% or 0.86 points. The heightened volatility saw the trading volume jump to 8,21,495 shares. Company has a market cap of $26,438 M.

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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