Sherwin-Williams Company (NYSE:SHW) increased 3.74% to $132.43 on a traded volume of 4.73 million shares after the Company reported second quarter results. Net sales increased 9.3% to $2.57 billion in the quarter due to higher paint sales volume in Paint Stores Group and increase in selling price. Diluted net income per common share was $2.17 per share compared to $1.66 per share in the prior year period. Net sales from stores open more than twelve calendar months increased 13.9% in the quarter. Working capital ratio was 12.6% compared to 14.9% in the previous year.
Safeway Inc (NYSE:SWY) slipped 4.18% and closed at 15.80 after the Company reported second quarter results. Income from continuing operations was $121.7 million or $0.50 per diluted share in the second quarter of 2012 compared to $146.0 million or $0.41 per diluted share in the second quarter of 2011. Sales increased 1.9% to $10.4 billion primarily due to higher fuel sales and an identical-store sales increase of 0.8%. Gross Profit Gross profit was 26.27% of sales in the second quarter of 2012 compared to 27.00% of sales in the second quarter of 2011. Operating and Administrative Expense Operating and administrative expense were 23.89% of sales compared to 24.28% of sales in the second quarter of 2011.
TCF Financial Corporation (NYSE:TCB) moved down 9.81% and closed at $10.30. The Company declared a dividend on its 7.50% Series A Non-cumulative Perpetual Preferred Stock payable on September 4, 2012. In addition, the Company declared a quarterly cash dividend of $0.05 per common share payable on August 31, 2012.
TCF Inventory Finance INC has entered into a multi-year agreement with Independent Boat Builders Inc. TCFIF will provide wholesale floorplan financing solutions to the 22 boat manufacturers that are members of IBBI in the United States and Canada.
The Travelers Companies Inc (NYSE:TRV) went down 0.48% and the last traded price was $63.69 on a traded volume of 3.40 million shares. The Company reported second quarter profit of $499 million or $1.26 per diluted share compared to net loss of $364 million or loss 88 cents per share in the prior year period. However, the analysts estimate profit of $1.38 per share.
Union Pacific Corporation (NYSE:UNP) soared 3.52% and closed at $122.77. The Company reported second quarter net income of $1 billion or $2.10 per share compared to $785 million or $1.59 per share in the previous year period. Revenue increased 7.6% to $5.22 billion. Wall Street analysts expected profit of $1.97 per share on revenue of $5.22 billion.