Creative Planning Sells 582 Shares of The Sherwin-Williams Company (NYSE:SHW)

Creative Planning decreased its position in shares of The Sherwin-Williams Company (NYSE:SHW) by 1.4% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 41,227 shares of the specialty chemicals company’s stock after selling 582 shares during the quarter. Creative Planning’s holdings in Sherwin-Williams were worth $12,303,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors also recently modified their holdings of the company. Vanguard Group Inc. increased its stake in 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 valued at $7,509,601,000 after purchasing an additional 184,979 shares in the last quarter. Capital World Investors increased its position in shares of 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 worth $1,197,952,000 after acquiring an additional 1,075,351 shares in the last quarter. Capital Research Global Investors raised its holdings 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 worth $791,008,000 after acquiring an additional 56,161 shares during the last quarter. Capital International Investors lifted its position in Sherwin-Williams by 10.5% in 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 acquiring an additional 219,149 shares in the last quarter. Finally, Legal & General Group Plc boosted its stake in Sherwin-Williams by 2.9% during the 2nd quarter. Legal & General Group Plc now owns 1,921,846 shares of the specialty chemicals company’s stock valued at $573,538,000 after purchasing an additional 53,487 shares during the last quarter. 77.67% of the stock is owned by institutional investors and hedge funds.

Sherwin-Williams Trading Down 0.3 %

NYSE:SHW opened at $380.63 on Wednesday. The company has a market cap of $96.02 billion, a P/E ratio of 40.58, a P/E/G ratio of 3.01 and a beta of 1.17. The Sherwin-Williams Company has a 1 year low of $232.06 and a 1 year high of $385.25. 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 fifty day moving average price is $361.59 and its two-hundred day moving average price is $330.33.

Sherwin-Williams (NYSE:SHW) last issued its earnings results on Tuesday, July 23rd. The specialty chemicals company reported $3.70 EPS for the quarter, topping 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 the consensus estimate of $6.33 billion. During the same quarter last year, the company earned $3.29 EPS. The firm’s revenue was up .5% compared to the same quarter last year. As a group, analysts expect that The Sherwin-Williams Company will post 11.47 EPS for the current 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 paid a $0.715 dividend. This represents a $2.86 annualized dividend and a yield of 0.75%. The ex-dividend date was Friday, August 16th. Sherwin-Williams’s dividend payout ratio is presently 30.49%.

Analyst Upgrades and Downgrades

A number of research analysts have recently weighed in on SHW shares. Royal Bank of Canada restated an “outperform” rating and issued a $418.00 target price on shares of Sherwin-Williams in a report on Friday, August 30th. Morgan Stanley lifted their price objective on shares of Sherwin-Williams from $338.00 to $375.00 and gave the stock an “overweight” rating in a report on Wednesday, July 24th. Jefferies Financial Group increased their target price on shares of Sherwin-Williams from $392.00 to $415.00 and gave the company a “buy” rating in a report on Monday, August 26th. Wells Fargo & Company boosted their price target on shares of Sherwin-Williams from $320.00 to $350.00 and gave the stock an “equal weight” rating in a report on Wednesday, July 24th. Finally, KeyCorp increased their price objective on shares of Sherwin-Williams from $400.00 to $410.00 and gave the company an “overweight” rating in a research note on Wednesday, July 24th. One analyst has rated the stock with a sell rating, six have issued a hold rating, fourteen have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, Sherwin-Williams has a consensus rating of “Moderate Buy” and a consensus target price of $370.39.

Insider Buying and Selling at Sherwin-Williams

In other news, CFO Allen J. Mistysyn sold 14,520 shares of the company’s stock in a transaction 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 transaction, the chief financial officer now owns 63,520 shares of the company’s stock, valued at $23,301,041.60. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Insiders own 0.60% of the company’s stock.

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.