Evercore Wealth Management Lowers stake in Sherwin-Williams Co (SHW)

Sherwin-Williams Co (SHW) : Evercore Wealth Management reduced its stake in Sherwin-Williams Co by 1.11% during the most recent quarter end. The investment management company now holds a total of 44,885 shares of Sherwin-Williams Co which is valued at $13,533,276 after selling 504 shares in Sherwin-Williams Co , the firm said in a disclosure report filed with the SEC on Aug 1, 2016.Sherwin-Williams Co makes up approximately 0.58% of Evercore Wealth Management’s portfolio.

Other Hedge Funds, Including , Mckinley Carter Wealth Services boosted its stake in SHW in the latest quarter, The investment management firm added 2,107 additional shares and now holds a total of 5,436 shares of Sherwin-Williams Co which is valued at $1,639,008. Sherwin-Williams Co makes up approx 0.83% of Mckinley Carter Wealth Services’s portfolio.American Century Companies Inc reduced its stake in SHW by selling 5,547 shares or 1.04% in the most recent quarter. The Hedge Fund company now holds 525,797 shares of SHW which is valued at $153,690,463. Sherwin-Williams Co makes up approx 0.17% of American Century Companies Inc’s portfolio. Parametrica Management Ltd added SHW to its portfolio by purchasing 907 company shares during the most recent quarter which is valued at $266,277. Sherwin-Williams Co makes up approx 0.38% of Parametrica Management Ltd’s portfolio. Fox Run Management L.l.c. sold out all of its stake in SHW during the most recent quarter. The investment firm sold 800 shares of SHW which is valued $249,680.Creative Planning boosted its stake in SHW in the latest quarter, The investment management firm added 299 additional shares and now holds a total of 2,069 shares of Sherwin-Williams Co which is valued at $634,955.

Sherwin-Williams Co closed down -1.48 points or -0.49% at $300.03 with 3,96,133 shares getting traded on Thursday. Post opening the session at $302.22, the shares hit an intraday low of $299.28 and an intraday high of $302.68 and the price fluctuated in this range throughout the day.Shares ended Thursday 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.

Investors should note that on Jul 20, 2016, Sherwin-Williams Co announced a cash dividend of $0.8400. The company’s management has announced Aug 17, 2016 as the ex-dividend date and fixed the record date on Aug 19, 2016. The payable date has been fixed on Sep 9, 2016.

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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