The Sherwin-Williams Company (NYSE:SHW) Stock Position Decreased by Ameritas Investment Partners Inc.

Ameritas Investment Partners Inc. decreased its position in The Sherwin-Williams Company (NYSE:SHW) by 1.6% in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 10,998 shares of the specialty chemicals company’s stock after selling 180 shares during the quarter. Ameritas Investment Partners Inc.’s holdings in Sherwin-Williams were worth $3,282,000 as of its most recent filing with the SEC.

A number of other hedge funds have also recently added to or reduced their stakes in SHW. Capital World Investors raised its holdings in Sherwin-Williams by 38.9% during the fourth quarter. Capital World Investors now owns 3,840,789 shares of the specialty chemicals company’s stock valued at $1,197,952,000 after buying an additional 1,075,351 shares in the last quarter. PineStone Asset Management Inc. raised its stake in shares of Sherwin-Williams by 132.8% in the 2nd quarter. PineStone Asset Management Inc. now owns 1,609,392 shares of the specialty chemicals company’s stock valued at $480,291,000 after acquiring an additional 917,979 shares in the last quarter. Assenagon Asset Management S.A. lifted its holdings in Sherwin-Williams by 610.0% in the 2nd quarter. Assenagon Asset Management S.A. now owns 1,045,374 shares of the specialty chemicals company’s stock worth $311,971,000 after purchasing an additional 898,143 shares during the last quarter. Jensen Investment Management Inc. bought a new stake in Sherwin-Williams during the second quarter worth approximately $169,770,000. Finally, Public Employees Retirement Association of Colorado grew its holdings in Sherwin-Williams by 8,986.8% during the fourth quarter. Public Employees Retirement Association of Colorado now owns 534,121 shares of the specialty chemicals company’s stock valued at $166,592,000 after purchasing an additional 528,243 shares during the last quarter. Institutional investors and hedge funds own 77.67% of the company’s stock.

Insider Transactions at Sherwin-Williams

In related news, CFO Allen J. Mistysyn sold 14,520 shares of Sherwin-Williams 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 completion of the transaction, the chief financial officer now directly 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 Securities & Exchange Commission, which is available at the SEC website. 0.60% of the stock is owned by insiders.

Sherwin-Williams Stock Performance

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

Sherwin-Williams (NYSE:SHW) last issued its earnings results on Tuesday, July 23rd. The specialty chemicals company reported $3.70 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.51 by $0.19. The business had revenue of $6.27 billion during 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%. Sherwin-Williams’s quarterly revenue was up .5% compared to the same quarter last year. During the same period in the prior year, the firm posted $3.29 EPS. As a group, 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 company 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 annualized dividend and a dividend yield of 0.76%. Sherwin-Williams’s dividend payout ratio is presently 30.49%.

Wall Street Analysts Forecast Growth

Several research firms recently issued reports on SHW. KeyCorp upped their price objective on shares of Sherwin-Williams from $400.00 to $410.00 and gave the stock an “overweight” rating in a report on Wednesday, July 24th. Royal Bank of Canada restated an “outperform” rating and set a $418.00 price target on shares of Sherwin-Williams in a report on Friday, August 30th. Wells Fargo & Company lifted their price objective on Sherwin-Williams from $320.00 to $350.00 and gave the stock an “equal weight” rating in a research note on Wednesday, July 24th. BMO Capital Markets restated an “outperform” rating and set a $400.00 target price (up previously from $386.00) on shares of Sherwin-Williams in a research note on Wednesday, September 4th. Finally, UBS Group lifted their price target on Sherwin-Williams from $375.00 to $412.00 and gave the stock a “buy” rating in a research report on Friday, August 30th. One investment analyst has rated the stock with a sell rating, six have issued a hold rating, fifteen have given a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus 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.