The Sherwin-Williams Company (NYSE:SHW) Stock Holdings Boosted by Xponance Inc.

Xponance Inc. lifted its position in shares of The Sherwin-Williams Company (NYSE:SHW) by 3.0% in the 2nd quarter, according to its most recent disclosure with the SEC. The fund owned 51,791 shares of the specialty chemicals company’s stock after acquiring an additional 1,527 shares during the period. Xponance Inc.’s holdings in Sherwin-Williams were worth $15,456,000 as of its most recent filing with the SEC.

Several other institutional investors have also modified their holdings of the company. Bank of Montreal Can grew its position in shares of Sherwin-Williams by 71.3% during the second quarter. Bank of Montreal Can now owns 508,723 shares of the specialty chemicals company’s stock worth $151,269,000 after acquiring an additional 211,831 shares during the last quarter. Magnetar Financial LLC bought a new position in Sherwin-Williams in the 2nd quarter valued at about $3,359,000. Public Sector Pension Investment Board grew its position in Sherwin-Williams by 84.9% in the 2nd quarter. Public Sector Pension Investment Board now owns 7,880 shares of the specialty chemicals company’s stock valued at $2,352,000 after buying an additional 3,619 shares in the last quarter. Nippon Life Global Investors Americas Inc. grew its position in Sherwin-Williams by 113.8% in the 2nd quarter. Nippon Life Global Investors Americas Inc. now owns 3,870 shares of the specialty chemicals company’s stock valued at $1,155,000 after buying an additional 2,060 shares in the last quarter. Finally, DRW Securities LLC bought a new position in Sherwin-Williams in the 2nd quarter valued at about $788,000. Institutional investors own 77.67% of the company’s stock.

Insider Buying and Selling

In related news, CFO Allen J. Mistysyn sold 14,520 shares of the stock in a transaction that occurred on Friday, August 30th. The stock was sold at an average price of $366.83, for a total value of $5,326,371.60. Following the transaction, the chief financial officer now 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 is available at this link. 0.60% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

A number of brokerages recently issued reports on SHW. Wells Fargo & Company increased their target price on shares of Sherwin-Williams from $320.00 to $350.00 and gave the company an “equal weight” rating in a research report on Wednesday, July 24th. The Goldman Sachs Group increased their target price on shares of Sherwin-Williams from $344.00 to $390.00 and gave the company a “buy” rating in a research report on Wednesday, July 24th. UBS Group raised their price objective on shares of Sherwin-Williams from $375.00 to $412.00 and gave the company a “buy” rating in a research report on Friday, August 30th. StockNews.com upgraded shares of Sherwin-Williams from a “hold” rating to a “buy” rating in a research report on Friday. Finally, Redburn Atlantic upgraded shares of Sherwin-Williams to a “strong-buy” rating in a research report on Thursday, July 18th. 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 given a strong buy rating to the company. According to data from MarketBeat, Sherwin-Williams has an average rating of “Moderate Buy” and an average target price of $362.68.

Sherwin-Williams Price Performance

NYSE SHW opened at $378.52 on Monday. The company has a 50 day simple moving average of $353.82 and a 200-day simple moving average of $328.22. 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 firm has a market capitalization of $95.97 billion, a price-to-earnings ratio of 40.35, a price-to-earnings-growth ratio of 2.98 and a beta of 1.17. The Sherwin-Williams Company has a 52-week low of $232.06 and a 52-week high of $382.83.

Sherwin-Williams (NYSE:SHW) last posted its quarterly 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. Sherwin-Williams had a net margin of 10.92% and a return on equity of 75.58%. The business 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 firm earned $3.29 earnings per share. The firm’s revenue was up .5% compared to the same quarter last year. 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 disclosed a quarterly dividend, which was paid on Friday, September 6th. Investors 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 dividend on an annualized basis and a yield of 0.76%. 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.