Canada Pension Plan Investment Board Has $113.03 Million Stake in The Sherwin-Williams Company (NYSE:SHW)

Canada Pension Plan Investment Board lessened its holdings in shares of The Sherwin-Williams Company (NYSE:SHW) by 14.8% during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 378,758 shares of the specialty chemicals company’s stock after selling 65,959 shares during the period. Canada Pension Plan Investment Board owned about 0.15% of Sherwin-Williams worth $113,033,000 at the end of the most recent quarter.

Other hedge funds also recently made changes to their positions in the company. Granite Investment Partners LLC increased its stake in Sherwin-Williams by 33.8% during the 2nd quarter. Granite Investment Partners LLC now owns 36,828 shares of the specialty chemicals company’s stock worth $10,991,000 after acquiring an additional 9,310 shares during the period. Public Employees Retirement Association of Colorado grew its holdings in shares of Sherwin-Williams by 12.9% during the 2nd quarter. Public Employees Retirement Association of Colorado now owns 595,576 shares of the specialty chemicals company’s stock worth $177,738,000 after purchasing an additional 67,933 shares in the last quarter. Benjamin F. Edwards & Company Inc. increased its position in shares of Sherwin-Williams by 1.2% in the second quarter. Benjamin F. Edwards & Company Inc. now owns 116,367 shares of the specialty chemicals company’s stock worth $34,728,000 after purchasing an additional 1,411 shares during the period. Ieq Capital LLC raised its stake in Sherwin-Williams by 8.1% in the second quarter. Ieq Capital LLC now owns 10,810 shares of the specialty chemicals company’s stock valued at $3,226,000 after purchasing an additional 812 shares in the last quarter. Finally, Brighton Jones LLC lifted its position in Sherwin-Williams by 92.1% during the second quarter. Brighton Jones LLC now owns 1,863 shares of the specialty chemicals company’s stock worth $556,000 after purchasing an additional 893 shares during the period. 77.67% of the stock is owned by institutional investors.

Insider Buying and Selling at Sherwin-Williams

In other news, CFO Allen J. Mistysyn sold 14,520 shares of Sherwin-Williams stock in a transaction dated 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 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 transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Insiders own 0.60% of the company’s stock.

Sherwin-Williams Trading Down 0.3 %

NYSE SHW opened at $378.52 on Friday. The firm has a market capitalization of $95.49 billion, a PE ratio of 40.35, a price-to-earnings-growth ratio of 2.98 and a beta of 1.17. The business’s 50-day moving average price is $353.82 and its two-hundred day moving average price is $328.32. The company has a current ratio of 0.81, a quick ratio of 0.50 and a debt-to-equity ratio of 2.17. The Sherwin-Williams Company has a 12 month low of $232.06 and a 12 month high of $382.83.

Sherwin-Williams (NYSE:SHW) last released its earnings results on Tuesday, July 23rd. The specialty chemicals company reported $3.70 earnings per share for the quarter, beating 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 the consensus estimate of $6.33 billion. During the same quarter in the prior year, the firm posted $3.29 EPS. The company’s revenue for the quarter was up .5% compared to the same quarter last year. On average, analysts expect that The Sherwin-Williams Company will post 11.47 EPS for the current year.

Sherwin-Williams Announces Dividend

The company also recently announced 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 of this dividend was Friday, August 16th. This represents a $2.86 annualized dividend and a yield of 0.76%. Sherwin-Williams’s payout ratio is 30.49%.

Analysts Set New Price Targets

Several equities analysts have commented on SHW shares. Royal Bank of Canada reissued an “outperform” rating and issued a $418.00 target price on shares of Sherwin-Williams in a report on Friday, August 30th. Barclays lifted their price objective on shares of Sherwin-Williams from $315.00 to $355.00 and gave the company an “equal weight” rating in a research note on Wednesday, July 24th. Evercore ISI upped their target price on Sherwin-Williams from $365.00 to $380.00 and gave the stock an “outperform” rating in a research note on Friday, August 30th. StockNews.com upgraded Sherwin-Williams from a “hold” rating to a “buy” rating in a research note on Friday. Finally, Jefferies Financial Group upped their price objective on Sherwin-Williams from $392.00 to $415.00 and gave the stock a “buy” rating in a research report on Monday, August 26th. One equities research analyst has rated the stock with a sell rating, six have given a hold rating, fifteen have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average 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.