Pensionfund Sabic Lowers stake in Sherwin-Williams Co (SHW)

Sherwin-Williams Co (SHW) : Pensionfund Sabic reduced its stake in Sherwin-Williams Co by 3.28% during the most recent quarter end. The investment management company now holds a total of 5,900 shares of Sherwin-Williams Co which is valued at $1.7 Million after selling 200 shares in Sherwin-Williams Co according to a report filed by the company on Apr 4, 2016 with the SEC.Sherwin-Williams Co makes up approximately 0.53% of Pensionfund Sabic’s portfolio.

Other Hedge Funds, Including ,

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.

Sherwin-Williams Co closed down -2.27 points or -0.76% at $294.71 with 7,85,550 shares getting traded on Monday. Post opening the session at $296.94, the shares hit an intraday low of $294.06 and an intraday high of $298.75 and the price fluctuated in this range throughout the day.Shares ended Monday session in Red.

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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