The Sherwin-Williams Company (NYSE:SHW) Shares Sold by Farallon Capital Management LLC

Farallon Capital Management LLC decreased its holdings in The Sherwin-Williams Company (NYSE:SHW) by 14.1% in the 2nd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 647,550 shares of the specialty chemicals company’s stock after selling 106,280 shares during the quarter. Farallon Capital Management LLC owned about 0.26% of Sherwin-Williams worth $193,248,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. HHM Wealth Advisors LLC grew its position in Sherwin-Williams by 102.3% during the second 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 during the period. VitalStone Financial LLC grew its holdings in shares of Sherwin-Williams by 233.3% in the 2nd quarter. VitalStone Financial LLC now owns 110 shares of the specialty chemicals company’s stock worth $33,000 after acquiring an additional 77 shares during the period. Anfield Capital Management LLC acquired a new stake in shares of Sherwin-Williams in the 2nd quarter worth approximately $38,000. Meeder Asset Management Inc. acquired a new position in Sherwin-Williams during the second quarter worth $41,000. Finally, Northwest Investment Counselors LLC purchased a new stake in Sherwin-Williams during the first quarter worth $47,000. Institutional investors and hedge funds own 77.67% of the company’s stock.

Analysts Set New Price Targets

SHW has been the subject of a number of research analyst reports. BMO Capital Markets restated an “outperform” rating and issued a $400.00 price target (up previously from $386.00) on shares of Sherwin-Williams in a research report on Wednesday, September 4th. Barclays raised their target price on shares of Sherwin-Williams from $315.00 to $355.00 and gave the company an “equal weight” rating in a report on Wednesday, July 24th. Wells Fargo & Company raised their price objective on shares of Sherwin-Williams from $320.00 to $350.00 and gave the stock an “equal weight” rating in a research note on Wednesday, July 24th. Morgan Stanley increased their target price on Sherwin-Williams from $338.00 to $375.00 and gave the company an “overweight” rating in a report on Wednesday, July 24th. Finally, Robert W. Baird boosted their price target on Sherwin-Williams from $310.00 to $325.00 and gave the stock a “neutral” rating in a report on Wednesday, July 24th. One research analyst has rated the stock with a sell rating, six have given a hold rating, fifteen have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, Sherwin-Williams currently has an average rating of “Moderate Buy” and an average price target of $362.68.

Insiders Place Their Bets

In other news, CFO Allen J. Mistysyn sold 14,520 shares of the company’s 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 sale, the chief financial officer now owns 63,520 shares of the company’s stock, valued at $23,301,041.60. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 0.60% of the stock is currently owned by insiders.

Sherwin-Williams Stock Performance

Shares of NYSE:SHW opened at $381.85 on Tuesday. The firm has a market capitalization of $96.82 billion, a PE ratio of 40.71, a P/E/G ratio of 2.98 and a beta of 1.17. The Sherwin-Williams Company has a 12 month low of $232.06 and a 12 month 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 business has a 50-day moving average of $355.09 and a two-hundred day moving average of $328.48.

Sherwin-Williams (NYSE:SHW) last posted its 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 firm 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 company earned $3.29 EPS. The company’s revenue was up .5% on a year-over-year basis. As a group, research analysts forecast that The Sherwin-Williams Company will post 11.47 earnings per share for the current year.

Sherwin-Williams Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, September 6th. Shareholders of record on Friday, August 16th were given a $0.715 dividend. This represents a $2.86 annualized dividend and a yield of 0.75%. The ex-dividend date of this dividend was Friday, August 16th. Sherwin-Williams’s dividend payout ratio (DPR) is presently 30.49%.

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.