Amalgamated Bank Has $14.93 Million Stake in The Sherwin-Williams Company (NYSE:SHW)

Amalgamated Bank reduced its holdings in The Sherwin-Williams Company (NYSE:SHW) by 2.4% during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The fund owned 50,034 shares of the specialty chemicals company’s stock after selling 1,206 shares during the quarter. Amalgamated Bank’s holdings in Sherwin-Williams were worth $14,932,000 as of its most recent filing with the SEC.

A number of other institutional investors have also made changes to their positions in SHW. HHM Wealth Advisors LLC boosted its stake in Sherwin-Williams by 102.3% during the 2nd quarter. HHM Wealth Advisors LLC now owns 89 shares of the specialty chemicals company’s stock valued at $27,000 after purchasing an additional 45 shares during the period. VitalStone Financial LLC lifted its holdings in shares of Sherwin-Williams by 233.3% during the second quarter. VitalStone Financial LLC now owns 110 shares of the specialty chemicals company’s stock worth $33,000 after buying an additional 77 shares during the last quarter. Anfield Capital Management LLC bought a new stake in shares of Sherwin-Williams in the second quarter valued at approximately $38,000. Meeder Asset Management Inc. acquired a new stake in shares of Sherwin-Williams in the second quarter worth $41,000. Finally, Northwest Investment Counselors LLC bought a new position in Sherwin-Williams during the first quarter worth $47,000. 77.67% of the stock is currently owned by institutional investors.

Insider Activity at Sherwin-Williams

In other Sherwin-Williams news, CFO Allen J. Mistysyn sold 14,520 shares of the stock in a transaction dated Friday, August 30th. The shares were sold at an average price of $366.83, for a total transaction of $5,326,371.60. Following the sale, the chief financial officer now owns 63,520 shares of the company’s stock, valued at approximately $23,301,041.60. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 0.60% of the stock is currently owned by company insiders.

Sherwin-Williams Trading Down 0.7 %

Shares of SHW stock opened at $375.29 on Thursday. The company has a quick ratio of 0.50, a current ratio of 0.81 and a debt-to-equity ratio of 2.17. The company has a market capitalization of $95.15 billion, a P/E ratio of 40.01, a P/E/G ratio of 2.94 and a beta of 1.17. The Sherwin-Williams Company has a 12-month low of $232.06 and a 12-month high of $382.83. The firm has a 50-day moving average price of $351.31 and a 200 day moving average price of $327.67.

Sherwin-Williams (NYSE:SHW) last posted its earnings results on Tuesday, July 23rd. The specialty chemicals company reported $3.70 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.51 by $0.19. The company had revenue of $6.27 billion during the quarter, compared to analysts’ expectations of $6.33 billion. Sherwin-Williams had a net margin of 10.92% and a return on equity of 75.58%. Sherwin-Williams’s quarterly revenue was up .5% compared to the same quarter last year. During the same quarter in the previous year, the company posted $3.29 earnings per share. Research analysts forecast that The Sherwin-Williams Company will post 11.47 earnings per share for the current fiscal year.

Sherwin-Williams Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, September 6th. Stockholders of record on Friday, August 16th were paid a $0.715 dividend. The ex-dividend date of this dividend was Friday, August 16th. This represents a $2.86 dividend on an annualized basis and a dividend yield of 0.76%. Sherwin-Williams’s dividend payout ratio (DPR) is presently 30.49%.

Analyst Ratings Changes

SHW has been the subject of a number of research reports. UBS Group increased their price target on shares of Sherwin-Williams from $375.00 to $412.00 and gave the company a “buy” rating in a report on Friday, August 30th. Robert W. Baird increased their target price on shares of Sherwin-Williams from $310.00 to $325.00 and gave the company a “neutral” rating in a research note on Wednesday, July 24th. Wells Fargo & Company boosted their price target on Sherwin-Williams from $320.00 to $350.00 and gave the company an “equal weight” rating in a research note on Wednesday, July 24th. Barclays raised their price objective on Sherwin-Williams from $315.00 to $355.00 and gave the stock an “equal weight” rating in a research report on Wednesday, July 24th. Finally, The Goldman Sachs Group boosted their price objective on Sherwin-Williams from $344.00 to $390.00 and gave the company a “buy” rating in a research report on Wednesday, July 24th. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating, fourteen have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $362.68.

Sherwin-Williams Profile

The Sherwin-Williams Company engages in the development, manufacture, distribution, and sale of paints, coating, and related products to professional, industrial, commercial, and retail customers. It operates through three segments: Paint Stores Group, Consumer Brands Group, and Performance Coatings Group.