Sirios Capital Management LP Lowered Its Position in Sherwin Williams Co (SHW) by $25.74 Million

October 2, 2018 - By olga

The Sherwin-Williams Company (NYSE:SHW) LogoInvestors sentiment increased to 1.15 in Q2 2018. Its up 0.37, from 0.78 in 2018Q1. It improved, as 51 investors sold SHW shares while 227 reduced holdings. 90 funds opened positions while 231 raised stakes. 71.82 million shares or 5.45% more from 68.11 million shares in 2018Q1 were reported. Fuller & Thaler Asset Management Incorporated has invested 0% in The Sherwin-Williams Company (NYSE:SHW). Jpmorgan Chase & has 0.11% invested in The Sherwin-Williams Company (NYSE:SHW) for 1.32 million shares. National Pension Serv holds 0.17% of its portfolio in The Sherwin-Williams Company (NYSE:SHW) for 94,846 shares. Financial Bank Of Mellon, New York-based fund reported 802,652 shares. Natixis accumulated 4,487 shares or 0.01% of the stock. Van Cleef Asset Managementinc stated it has 650 shares. Quantitative Systematic Strategies Llc holds 0.33% in The Sherwin-Williams Company (NYSE:SHW) or 4,376 shares. Bluestein R H holds 101,896 shares or 2.14% of its portfolio. 4,250 were reported by Papp L Roy & Associates. Conning Inc holds 1,885 shares or 0.02% of its portfolio. D E Shaw And Com reported 0% of its portfolio in The Sherwin-Williams Company (NYSE:SHW). S R Schill & Assoc invested in 500 shares. 370 are owned by North Star Invest Management. Twin Tree Management Lp reported 0% in The Sherwin-Williams Company (NYSE:SHW). Dekabank Deutsche Girozentrale has 14,483 shares.

Since July 26, 2018, it had 0 insider buys, and 6 selling transactions for $15.03 million activity. IPPOLITO PETER J. had sold 3,839 shares worth $1.69 million on Tuesday, July 31. $234,328 worth of stock was sold by Hodnik David F on Wednesday, August 8. The insider Baxter Joel D. sold 2,533 shares worth $1.13 million. GILLIGAN THOMAS P also sold $2.33M worth of The Sherwin-Williams Company (NYSE:SHW) on Tuesday, August 28. MORIKIS JOHN G had sold 20,946 shares worth $9.20M on Thursday, July 26.

Sirios Capital Management LP decreased its stake in Sherwin Williams Co (SHW) by 11.8% based on its latest 2018Q2 regulatory filing with the SEC. Sirios Capital Management LP sold 63,232 shares as the company’s stock rose 18.17% with the market. The hedge fund held 472,666 shares of the building materials company at the end of 2018Q2, valued at $192.65M, down from 535,898 at the end of the previous reported quarter. Sirios Capital Management LP who had been investing in Sherwin Williams Co for a number of months, seems to be less bullish one the $42.45B market cap company. The stock increased 0.39% or $1.79 during the last trading session, reaching $457. About 658,722 shares traded or 9.49% up from the average. The Sherwin-Williams Company (NYSE:SHW) has risen 33.62% since October 2, 2017 and is uptrending. It has outperformed by 18.00% the S&P500.

Sirios Capital Management L P, which manages about $2.06 billion and $1.92B US Long portfolio, upped its stake in Mcdonalds Corp (NYSE:MCD) by 150,404 shares to 221,716 shares, valued at $34.74M in 2018Q2, according to the filing. It also increased its holding in Berkshire Hathaway Inc Del (BRKA) by 91 shares in the quarter, for a total of 244 shares, and has risen its stake in Affiliated Managers Group (NYSE:AMG).

Analysts await The Sherwin-Williams Company (NYSE:SHW) to report earnings on October, 23. They expect $5.77 earnings per share, up 21.47 % or $1.02 from last year’s $4.75 per share. SHW’s profit will be $535.98M for 19.80 P/E if the $5.77 EPS becomes a reality. After $5.73 actual earnings per share reported by The Sherwin-Williams Company for the previous quarter, Wall Street now forecasts 0.70 % EPS growth.

More recent The Sherwin-Williams Company (NYSE:SHW) news were published by: Seekingalpha.com which released: “Wall Street Breakfast: Stocks Track Higher As Trade Anxiety Fades” on September 19, 2018. Also Seekingalpha.com published the news titled: “Housing starts preview” on September 19, 2018. Seekingalpha.com‘s news article titled: “Dividend Champion Spotlight: The Sherwin-Williams Company” with publication date: September 27, 2018 was also an interesting one.

The Sherwin-Williams Company (NYSE:SHW) Ratings Coverage

Among 5 analysts covering Sherwin-Williams (NYSE:SHW), 3 have Buy rating, 0 Sell and 2 Hold. Therefore 60% are positive. Sherwin-Williams had 6 analyst reports since April 25, 2018 according to SRatingsIntel. As per Wednesday, April 25, the company rating was maintained by Barclays Capital. The stock of The Sherwin-Williams Company (NYSE:SHW) has “Outperform” rating given on Wednesday, April 25 by Credit Suisse. As per Wednesday, July 25, the company rating was maintained by Bank of America. Morgan Stanley maintained The Sherwin-Williams Company (NYSE:SHW) on Tuesday, July 17 with “Overweight” rating. The firm earned “Outperform” rating on Wednesday, July 25 by Credit Suisse.

The Sherwin-Williams Company (NYSE:SHW) Institutional Positions Chart

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