Teachers Retirement System of The State of Kentucky Sells 80 Shares of The Sherwin-Williams Company (NYSE:SHW)

Teachers Retirement System of The State of Kentucky decreased its holdings in The Sherwin-Williams Company (NYSE:SHW) by 0.2% in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 46,588 shares of the specialty chemicals company’s stock after selling 80 shares during the quarter. Teachers Retirement System of The State of Kentucky’s holdings in Sherwin-Williams were worth $13,904,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently bought and sold shares of SHW. Cetera Investment Advisers raised its holdings in shares of Sherwin-Williams by 1.3% in the second quarter. Cetera Investment Advisers now owns 57,433 shares of the specialty chemicals company’s stock valued at $17,140,000 after buying an additional 742 shares during the last quarter. Ted Buchan & Co acquired a new stake in Sherwin-Williams in the 2nd quarter valued at about $267,000. Advisory Alpha LLC raised its stake in shares of Sherwin-Williams by 0.6% in the second quarter. Advisory Alpha LLC now owns 5,585 shares of the specialty chemicals company’s stock worth $1,667,000 after acquiring an additional 36 shares during the last quarter. Truist Financial Corp grew its stake in shares of Sherwin-Williams by 0.9% during the second quarter. Truist Financial Corp now owns 52,204 shares of the specialty chemicals company’s stock valued at $15,579,000 after purchasing an additional 446 shares during the last quarter. Finally, EP Wealth Advisors LLC increased its holdings in shares of Sherwin-Williams by 4.5% in the second quarter. EP Wealth Advisors LLC now owns 3,896 shares of the specialty chemicals company’s stock valued at $1,163,000 after purchasing an additional 166 shares in the last quarter. Institutional investors and hedge funds own 77.67% of the company’s stock.

Sherwin-Williams Price Performance

NYSE SHW opened at $380.63 on Wednesday. The company has a debt-to-equity ratio of 2.17, a quick ratio of 0.50 and a current ratio of 0.81. The stock has a market cap of $96.02 billion, a price-to-earnings ratio of 40.58, a PEG ratio of 3.01 and a beta of 1.17. The business has a 50 day simple moving average of $361.59 and a 200 day simple moving average of $330.33. The Sherwin-Williams Company has a 52-week low of $232.06 and a 52-week high of $385.25.

Sherwin-Williams (NYSE:SHW) last issued its quarterly earnings data on Tuesday, July 23rd. The specialty chemicals company reported $3.70 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.51 by $0.19. The company had revenue of $6.27 billion during the quarter, compared to the consensus estimate of $6.33 billion. Sherwin-Williams had a net margin of 10.92% and a return on equity of 75.58%. The firm’s revenue was up .5% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $3.29 earnings per share. Analysts anticipate 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 declared a quarterly dividend, which was paid on Friday, September 6th. Stockholders of record on Friday, August 16th were issued a $0.715 dividend. The ex-dividend date of this dividend was Friday, August 16th. This represents a $2.86 dividend on an annualized basis and a dividend yield of 0.75%. Sherwin-Williams’s dividend payout ratio (DPR) is 30.49%.

Insider Transactions at Sherwin-Williams

In related news, CFO Allen J. Mistysyn sold 14,520 shares of Sherwin-Williams 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 sale, the chief financial officer now 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 SEC, which can be accessed through this link. 0.60% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

Several research analysts have issued reports on the company. UBS Group upped their price objective on Sherwin-Williams from $375.00 to $412.00 and gave the stock a “buy” rating in a report on Friday, August 30th. StockNews.com cut Sherwin-Williams from a “buy” rating to a “hold” rating in a report on Saturday. Wells Fargo & Company boosted their price objective on Sherwin-Williams from $320.00 to $350.00 and gave the stock an “equal weight” rating in a report on Wednesday, July 24th. Redburn Atlantic raised shares of Sherwin-Williams to a “strong-buy” rating in a research note on Thursday, July 18th. Finally, Morgan Stanley boosted their price target on shares of Sherwin-Williams from $338.00 to $375.00 and gave the stock an “overweight” rating in a research note on Wednesday, July 24th. One analyst has rated the stock with a sell rating, six have given a hold rating, fourteen have assigned a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, Sherwin-Williams currently has an average rating of “Moderate Buy” and an average price target of $370.39.

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.