Carnegie Capital Asset Management buys $8,519,102 stake in Sherwin-Williams Co (SHW)

Sherwin-Williams Co (SHW) : Carnegie Capital Asset Management scooped up 131 additional shares in Sherwin-Williams Co during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Apr 13, 2016. The investment management firm now holds a total of 28,739 shares of Sherwin-Williams Co which is valued at $8,519,102.Sherwin-Williams Co makes up approximately 1.29% of Carnegie Capital Asset Management’s portfolio.

Sherwin-Williams Co opened for trading at $296 and hit $297.42 on the upside on Monday, eventually ending the session at $296.77, with a gain of 0.11% or 0.34 points. The heightened volatility saw the trading volume jump to 5,42,465 shares. Company has a market cap of $27,383 M.

Other Hedge Funds, Including , Benjamin F. Edwards Company reduced its stake in SHW by selling 30 shares or 60.0% in the most recent quarter. The Hedge Fund company now holds 20 shares of SHW which is valued at $5,929.Marshwinds Advisory Co reduced its stake in SHW by selling 180 shares or 6.78% in the most recent quarter. The Hedge Fund company now holds 2,475 shares of SHW which is valued at $729,407. Sherwin-Williams Co makes up approx 0.37% of Marshwinds Advisory Co’s portfolio.Creative Planning reduced its stake in SHW by selling 31 shares or 1.72% in the most recent quarter. The Hedge Fund company now holds 1,770 shares of SHW which is valued at $521,637.

On the company’s financial health, Sherwin-Williams Co reported $2.12 EPS for the quarter, beating the analyst consensus estimate by $ 0.25 according to the earnings call on Jan 28, 2016. Analyst had a consensus of $1.87. The company had revenue of $2604.60 million for the quarter, compared to analysts expectations of $2592.41 million. The company’s revenue was up 1.4% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.37 EPS.

Many Wall Street Analysts have commented on Sherwin-Williams Co. Sherwin-Williams Co was Resumed by Credit Suisse to “Outperform” on Mar 22, 2016. Company shares were Reiterated by UBS on Mar 21, 2016 to “Neutral”, Firm has raised the Price Target to $ 290 from a previous price target of $270 .Sherwin-Williams Co was Downgraded by KeyBanc Capital Mkts to ” Sector Weight” on Mar 21, 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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