The Sherwin-Williams Company (NYSE:SHW) Position Decreased by Fernbridge Capital Management LP

Fernbridge Capital Management LP decreased its holdings in shares of The Sherwin-Williams Company (NYSE:SHW) by 15.5% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 240,578 shares of the specialty chemicals company’s stock after selling 44,008 shares during the quarter. Sherwin-Williams accounts for approximately 4.8% of Fernbridge Capital Management LP’s portfolio, making the stock its 8th largest position. Fernbridge Capital Management LP owned about 0.10% of Sherwin-Williams worth $71,796,000 as of its most recent SEC filing.

Several other institutional investors also recently modified their holdings of the stock. Vanguard Group Inc. lifted its holdings in shares of Sherwin-Williams by 0.9% during the 1st quarter. Vanguard Group Inc. now owns 21,620,939 shares of the specialty chemicals company’s stock worth $7,509,601,000 after acquiring an additional 184,979 shares during the last quarter. Capital World Investors lifted its holdings in shares of Sherwin-Williams by 38.9% in the 4th quarter. Capital World Investors now owns 3,840,789 shares of the specialty chemicals company’s stock worth $1,197,952,000 after acquiring an additional 1,075,351 shares during the last quarter. Capital Research Global Investors boosted its stake in shares of Sherwin-Williams by 2.3% in the 4th quarter. Capital Research Global Investors now owns 2,536,096 shares of the specialty chemicals company’s stock valued at $791,008,000 after purchasing an additional 56,161 shares in the last quarter. Capital International Investors grew its holdings in shares of Sherwin-Williams by 10.5% during the 1st quarter. Capital International Investors now owns 2,302,120 shares of the specialty chemicals company’s stock valued at $799,595,000 after purchasing an additional 219,149 shares during the last quarter. Finally, DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main raised its position in Sherwin-Williams by 2.8% in the 4th quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main now owns 1,820,266 shares of the specialty chemicals company’s stock worth $567,740,000 after purchasing an additional 49,809 shares during the period. 77.67% of the stock is currently owned by institutional investors.

Insider Transactions at Sherwin-Williams

In related news, CFO Allen J. Mistysyn sold 14,520 shares of the business’s stock in a transaction that occurred on 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 transaction, the chief financial officer now directly owns 63,520 shares in the company, valued at approximately $23,301,041.60. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Insiders own 0.60% of the company’s stock.

Sherwin-Williams Stock Performance

Sherwin-Williams stock opened at $378.52 on Friday. The Sherwin-Williams Company has a twelve month low of $232.06 and a twelve month high of $382.83. 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 $95.97 billion, a P/E ratio of 40.35, a PEG ratio of 2.98 and a beta of 1.17. The stock’s 50 day moving average is $353.82 and its 200 day moving average is $328.28.

Sherwin-Williams (NYSE:SHW) last released its 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. The firm had revenue of $6.27 billion for the quarter, compared to analysts’ expectations of $6.33 billion. Sherwin-Williams had a return on equity of 75.58% and a net margin of 10.92%. The company’s quarterly revenue was up .5% on a year-over-year basis. During the same period in the prior year, the firm posted $3.29 earnings per share. On average, equities research analysts predict that The Sherwin-Williams Company will post 11.47 earnings per share for the current fiscal year.

Sherwin-Williams Dividend Announcement

The company also recently announced 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 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%.

Analyst Ratings Changes

A number of research analysts have recently issued reports on SHW shares. KeyCorp raised their price objective on Sherwin-Williams from $400.00 to $410.00 and gave the company an “overweight” rating in a research note on Wednesday, July 24th. Redburn Atlantic upgraded Sherwin-Williams to a “strong-buy” rating in a research report on Thursday, July 18th. Barclays boosted their price objective on Sherwin-Williams from $315.00 to $355.00 and gave the company an “equal weight” rating in a research report on Wednesday, July 24th. The Goldman Sachs Group raised their target price on shares of Sherwin-Williams from $344.00 to $390.00 and gave the stock a “buy” rating in a report on Wednesday, July 24th. Finally, Royal Bank of Canada reaffirmed an “outperform” rating and issued a $418.00 target price on shares of Sherwin-Williams in a research note on Friday, August 30th. One research analyst has rated the stock with a sell rating, six have assigned a hold rating, fifteen have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target 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.