The Sherwin-Williams Company (NYSE:SHW) Shares Sold by Kentucky Retirement Systems

Kentucky Retirement Systems trimmed its holdings in The Sherwin-Williams Company (NYSE:SHW) by 1.7% during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 17,578 shares of the specialty chemicals company’s stock after selling 306 shares during the period. Kentucky Retirement Systems’ holdings in Sherwin-Williams were worth $5,246,000 as of its most recent SEC filing.

A number of other institutional investors also recently made changes to their positions in the business. HHM Wealth Advisors LLC raised its position in shares of 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 acquiring an additional 45 shares in the last quarter. VitalStone Financial LLC raised its position in shares of Sherwin-Williams by 233.3% during the 2nd quarter. VitalStone Financial LLC now owns 110 shares of the specialty chemicals company’s stock valued at $33,000 after acquiring an additional 77 shares in the last quarter. Anfield Capital Management LLC acquired a new stake in shares of Sherwin-Williams during the 2nd quarter valued at approximately $38,000. Meeder Asset Management Inc. acquired a new stake in shares of Sherwin-Williams during the 2nd quarter valued at approximately $41,000. Finally, Northwest Investment Counselors LLC acquired a new stake in shares of Sherwin-Williams during the 1st quarter valued at approximately $47,000. 77.67% of the stock is owned by institutional investors and hedge funds.

Insider Activity at Sherwin-Williams

In related news, CFO Allen J. Mistysyn sold 14,520 shares of the firm’s stock in a transaction dated 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 transaction, the chief financial officer now owns 63,520 shares of the company’s stock, valued at $23,301,041.60. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Company insiders own 0.60% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts recently issued reports on the company. Morgan Stanley upped their price target on Sherwin-Williams from $338.00 to $375.00 and gave the company an “overweight” rating in a research report on Wednesday, July 24th. The Goldman Sachs Group increased their target price on Sherwin-Williams from $344.00 to $390.00 and gave the stock a “buy” rating in a research report on Wednesday, July 24th. Royal Bank of Canada reaffirmed an “outperform” rating and issued a $418.00 target price on shares of Sherwin-Williams in a research report on Friday, August 30th. BMO Capital Markets reaffirmed an “outperform” rating and issued a $400.00 target price (up from $386.00) on shares of Sherwin-Williams in a research report on Wednesday, September 4th. Finally, Redburn Atlantic raised Sherwin-Williams to a “strong-buy” rating in a research report on Thursday, July 18th. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating, fourteen have assigned a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $362.68.

Sherwin-Williams Trading Up 1.2 %

NYSE:SHW opened at $379.77 on Friday. The Sherwin-Williams Company has a 1 year low of $232.06 and a 1 year high of $382.83. The stock has a market cap of $95.80 billion, a price-to-earnings ratio of 40.49, a PEG ratio of 2.98 and a beta of 1.17. The business has a fifty day moving average of $352.62 and a 200-day moving average of $328.03. The company has a debt-to-equity ratio of 2.17, a quick ratio of 0.50 and a current ratio of 0.81.

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

Sherwin-Williams Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, September 6th. Investors of record on Friday, August 16th were paid a dividend of $0.715 per share. The ex-dividend date of this dividend was Friday, August 16th. This represents a $2.86 annualized dividend and a yield of 0.75%. Sherwin-Williams’s dividend payout ratio is currently 30.49%.

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.