Hl Financial Services buys $17,010,691 stake in Sherwin-Williams Co (SHW)

Sherwin-Williams Co (SHW) : Hl Financial Services scooped up 2,231 additional shares in Sherwin-Williams Co during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Jul 26, 2016. The investment management firm now holds a total of 58,196 shares of Sherwin-Williams Co which is valued at $17,010,691.Sherwin-Williams Co makes up approximately 0.39% of Hl Financial Services’s portfolio.

Other Hedge Funds, Including , Livforsakringsbolaget Skandia Omsesidigt boosted its stake in SHW in the latest quarter, The investment management firm added 2,100 additional shares and now holds a total of 8,048 shares of Sherwin-Williams Co which is valued at $2,472,748. Sherwin-Williams Co makes up approx 0.11% of Livforsakringsbolaget Skandia Omsesidigt’s portfolio. Boys Arnold Co Inc added SHW to its portfolio by purchasing 8,494 company shares during the most recent quarter which is valued at $2,609,782. Sherwin-Williams Co makes up approx 0.44% of Boys Arnold Co Inc’s portfolio.

Sherwin-Williams Co opened for trading at $298.05 and hit $299.73 on the upside on Friday, eventually ending the session at $299.73, with a gain of 0.62% or 1.84 points. The heightened volatility saw the trading volume jump to 8,24,150 shares. Company has a market cap of $27,642 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.

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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