Blair William & Co. IL Has $11.68 Million Position in The Sherwin-Williams Company (NYSE:SHW)

Blair William & Co. IL cut its holdings in shares of The Sherwin-Williams Company (NYSE:SHW) by 0.1% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 39,122 shares of the specialty chemicals company’s stock after selling 31 shares during the quarter. Blair William & Co. IL’s holdings in Sherwin-Williams were worth $11,675,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of SHW. Conning Inc. grew its stake in Sherwin-Williams by 1.9% in the second quarter. Conning Inc. now owns 1,606 shares of the specialty chemicals company’s stock valued at $479,000 after purchasing an additional 30 shares in the last quarter. Oxbow Advisors LLC boosted its holdings in shares of Sherwin-Williams by 4.5% in the 2nd quarter. Oxbow Advisors LLC now owns 690 shares of the specialty chemicals company’s stock valued at $206,000 after buying an additional 30 shares during the last quarter. Global X Japan Co. Ltd. grew its stake in shares of Sherwin-Williams by 2.2% in the second quarter. Global X Japan Co. Ltd. now owns 1,403 shares of the specialty chemicals company’s stock valued at $419,000 after buying an additional 30 shares in the last quarter. Optas LLC increased its holdings in Sherwin-Williams by 1.3% during the second quarter. Optas LLC now owns 2,424 shares of the specialty chemicals company’s stock worth $723,000 after buying an additional 32 shares during the last quarter. Finally, Capital Advisors Ltd. LLC raised its position in Sherwin-Williams by 2.9% during the second quarter. Capital Advisors Ltd. LLC now owns 1,173 shares of the specialty chemicals company’s stock worth $350,000 after acquiring an additional 33 shares in the last quarter. 77.67% of the stock is currently owned by institutional investors and hedge funds.

Sherwin-Williams Price Performance

Sherwin-Williams stock opened at $379.77 on Friday. The firm has a market cap of $95.80 billion, a PE ratio of 40.49, a price-to-earnings-growth ratio of 2.98 and a beta of 1.17. The company has a debt-to-equity ratio of 2.17, a current ratio of 0.81 and a quick ratio of 0.50. The stock’s fifty day moving average price is $352.62 and its two-hundred day moving average price is $328.03. The Sherwin-Williams Company has a one year low of $232.06 and a one year high of $382.83.

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

Sherwin-Williams Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, September 6th. Stockholders of record on Friday, August 16th were issued a dividend of $0.715 per share. This represents a $2.86 dividend on an annualized basis and a dividend yield of 0.75%. The ex-dividend date of this dividend was Friday, August 16th. Sherwin-Williams’s dividend payout ratio (DPR) is presently 30.49%.

Insider Buying and Selling

In other Sherwin-Williams news, CFO Allen J. Mistysyn sold 14,520 shares of the company’s stock in a transaction on Friday, August 30th. The stock was sold at an average price of $366.83, for a total transaction 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 transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.60% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

A number of research analysts have recently commented on the stock. Wells Fargo & Company boosted their price objective on shares of Sherwin-Williams from $320.00 to $350.00 and gave the stock an “equal weight” rating in a research note on Wednesday, July 24th. KeyCorp boosted their price target on Sherwin-Williams from $400.00 to $410.00 and gave the stock an “overweight” rating in a research report on Wednesday, July 24th. BMO Capital Markets reaffirmed an “outperform” rating and issued a $400.00 price objective (up from $386.00) on shares of Sherwin-Williams in a research report on Wednesday, September 4th. Barclays boosted their target price on Sherwin-Williams from $315.00 to $355.00 and gave the stock an “equal weight” rating in a report on Wednesday, July 24th. Finally, UBS Group raised their price target on Sherwin-Williams from $375.00 to $412.00 and gave the company a “buy” rating in a report on Friday, August 30th. One research analyst has rated the stock with a sell rating, seven have given a hold rating, fourteen have issued a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $362.68.

Sherwin-Williams Company 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.