Sherwin-Williams Sees Institutional Buying Frenzy
Corda Investment Management LLC has acquired a new position in The Sherwin-Williams Company (NYSE:SHW) shares, according to its recent 13F filing with the Securities & Exchange Commission.
The firm bought 5,267 shares of the specialty chemicals company's stock, valued at approximately $1.814 million during the second quarter.
This is not the only institutional investor that has made a significant purchase in Sherwin-Williams. Wilkerson Advisory Group LLC increased its holdings by 172.4% during the first quarter and now owns 79 shares of the company's stock valued at $25,000 after purchasing an additional 50 shares.
Sherwin-Williams had previously announced its quarterly earnings data on July 28th, reporting a net margin of 11.01% and a return on equity of 67.97%. The company also declared a quarterly dividend, which will be paid on September 11th to shareholders who recorded ownership by August 21st.