Mutual of America Capital Management LLC Raises Position in The Sherwin-Williams Company (NYSE:SHW)

Mutual of America Capital Management LLC increased its holdings in The Sherwin-Williams Company (NYSE:SHW) by 3.3% during the second quarter, according to its most recent disclosure with the SEC. The institutional investor owned 31,882 shares of the specialty chemicals company’s stock after buying an additional 1,006 shares during the period. Mutual of America Capital Management LLC’s holdings in Sherwin-Williams were worth $9,515,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently made changes to their positions in the business. Pitti Group Wealth Management LLC raised its position in shares of Sherwin-Williams by 5.7% in the second quarter. Pitti Group Wealth Management LLC now owns 961 shares of the specialty chemicals company’s stock worth $300,000 after buying an additional 52 shares in the last quarter. Edgestream Partners L.P. increased its stake in Sherwin-Williams by 5.4% in the second quarter. Edgestream Partners L.P. now owns 24,953 shares of the specialty chemicals company’s stock valued at $7,447,000 after acquiring an additional 1,289 shares during the last quarter. Renaissance Technologies LLC increased its stake in Sherwin-Williams by 41.2% in the second quarter. Renaissance Technologies LLC now owns 324,100 shares of the specialty chemicals company’s stock valued at $96,721,000 after acquiring an additional 94,600 shares during the last quarter. Citizens Financial Group Inc. RI increased its stake in Sherwin-Williams by 12.7% in the second quarter. Citizens Financial Group Inc. RI now owns 4,105 shares of the specialty chemicals company’s stock valued at $1,225,000 after acquiring an additional 461 shares during the last quarter. Finally, One Capital Management LLC increased its stake in Sherwin-Williams by 4.8% in the second quarter. One Capital Management LLC now owns 3,379 shares of the specialty chemicals company’s stock valued at $1,008,000 after acquiring an additional 155 shares during the last quarter. Hedge funds and other institutional investors own 77.67% of the company’s stock.

Insiders Place Their Bets

In other Sherwin-Williams news, CFO Allen J. Mistysyn sold 14,520 shares of the firm’s stock in a transaction dated Friday, August 30th. The shares were sold at an average price of $366.83, for a total value of $5,326,371.60. Following the completion of the sale, the chief financial officer now directly owns 63,520 shares in the company, valued at $23,301,041.60. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 0.60% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

A number of research firms recently commented on SHW. The Goldman Sachs Group increased their target price on Sherwin-Williams from $344.00 to $390.00 and gave the company a “buy” rating in a research note on Wednesday, July 24th. Royal Bank of Canada reissued an “outperform” rating and issued a $418.00 target price on shares of Sherwin-Williams in a research note on Friday, August 30th. Evercore ISI increased their target price on Sherwin-Williams from $365.00 to $380.00 and gave the company an “outperform” rating in a research note on Friday, August 30th. Redburn Atlantic raised Sherwin-Williams to a “strong-buy” rating in a research note on Thursday, July 18th. Finally, BMO Capital Markets reaffirmed an “outperform” rating and set a $400.00 price objective (up from $386.00) on shares of Sherwin-Williams in a research note on Wednesday, September 4th. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating, fourteen have assigned a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, Sherwin-Williams presently has a consensus rating of “Moderate Buy” and an average target price of $362.68.

Sherwin-Williams Stock Performance

Sherwin-Williams stock opened at $375.29 on Thursday. The company has a current ratio of 0.81, a quick ratio of 0.50 and a debt-to-equity ratio of 2.17. The firm has a 50-day moving average of $351.31 and a 200-day moving average of $327.67. The firm has a market cap 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 1-year low of $232.06 and a 1-year high of $382.83.

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

Sherwin-Williams Announces Dividend

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

About Sherwin-Williams

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.