Sagefield Capital LP Sells 3,515 Shares of The Sherwin-Williams Company (NYSE:SHW)

Sagefield Capital LP trimmed its stake in shares of The Sherwin-Williams Company (NYSE:SHW) by 12.9% in the second quarter, according to the company in its most recent filing with the SEC. The firm owned 23,685 shares of the specialty chemicals company’s stock after selling 3,515 shares during the quarter. Sagefield Capital LP’s holdings in Sherwin-Williams were worth $7,068,000 as of its most recent SEC filing.

A number of other institutional investors have also recently modified their holdings of the stock. HHM Wealth Advisors LLC raised its holdings 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 worth $27,000 after buying an additional 45 shares in the last quarter. VitalStone Financial LLC raised its holdings 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 worth $33,000 after buying an additional 77 shares in the last quarter. Anfield Capital Management LLC acquired a new position in shares of Sherwin-Williams during the 2nd quarter worth $38,000. Northwest Investment Counselors LLC acquired a new position in shares of Sherwin-Williams during the 1st quarter worth $47,000. Finally, Rise Advisors LLC raised its holdings in shares of Sherwin-Williams by 1,154.5% during the 1st quarter. Rise Advisors LLC now owns 138 shares of the specialty chemicals company’s stock worth $48,000 after buying an additional 127 shares in the last quarter. 77.67% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of equities analysts have recently commented on the company. BMO Capital Markets reissued an “outperform” rating and set a $400.00 price target (up previously from $386.00) on shares of Sherwin-Williams in a report on Wednesday, September 4th. UBS Group upped their target price on Sherwin-Williams from $375.00 to $412.00 and gave the stock a “buy” rating in a report on Friday, August 30th. Barclays upped 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. Robert W. Baird upped their target price on Sherwin-Williams from $310.00 to $325.00 and gave the stock a “neutral” rating in a report on Wednesday, July 24th. Finally, KeyCorp upped their target price on Sherwin-Williams from $400.00 to $410.00 and gave the stock an “overweight” rating in a report on Wednesday, July 24th. One analyst has rated the stock with a sell rating, six have issued a hold rating, fifteen have given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, Sherwin-Williams has a consensus rating of “Moderate Buy” and a consensus target price of $362.68.

Sherwin-Williams Stock Up 0.9 %

Shares of Sherwin-Williams stock opened at $381.85 on Tuesday. The Sherwin-Williams Company has a one year low of $232.06 and a one year high of $382.83. 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 50-day moving average is $355.09 and its 200 day moving average is $328.48. The firm has a market cap of $96.82 billion, a price-to-earnings ratio of 40.71, a PEG ratio of 2.98 and a beta of 1.17.

Sherwin-Williams (NYSE:SHW) last announced its earnings results on Tuesday, July 23rd. The specialty chemicals company reported $3.70 EPS 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 company had revenue of $6.27 billion for the quarter, compared to analyst estimates of $6.33 billion. During the same quarter in the prior year, the company earned $3.29 EPS. The firm’s revenue for the quarter was up .5% compared to the same quarter last year. Equities research analysts anticipate that The Sherwin-Williams Company will post 11.47 EPS for the current year.

Sherwin-Williams Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, September 6th. Investors of record on Friday, August 16th were given 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 dividend yield of 0.75%. Sherwin-Williams’s payout ratio is 30.49%.

Insiders Place Their Bets

In other Sherwin-Williams 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 sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Corporate insiders own 0.60% of the company’s stock.

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.