IMS Capital Management Has $375,000 Stake in The Sherwin-Williams Company (NYSE:SHW)

IMS Capital Management decreased its position in The Sherwin-Williams Company (NYSE:SHW) by 3.5% in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 1,257 shares of the specialty chemicals company’s stock after selling 46 shares during the quarter. IMS Capital Management’s holdings in Sherwin-Williams were worth $375,000 as of its most recent filing with the SEC.

A number of other hedge funds have also recently added to or reduced their stakes in SHW. Capital World Investors lifted its stake in shares of Sherwin-Williams by 38.9% in the 4th quarter. Capital World Investors now owns 3,840,789 shares of the specialty chemicals company’s stock valued at $1,197,952,000 after purchasing an additional 1,075,351 shares during the last quarter. PineStone Asset Management Inc. boosted its stake in shares of Sherwin-Williams by 132.8% during the 2nd quarter. PineStone Asset Management Inc. now owns 1,609,392 shares of the specialty chemicals company’s stock worth $480,291,000 after acquiring an additional 917,979 shares in the last quarter. Assenagon Asset Management S.A. increased its holdings in shares of Sherwin-Williams by 610.0% during the 2nd quarter. Assenagon Asset Management S.A. now owns 1,045,374 shares of the specialty chemicals company’s stock valued at $311,971,000 after acquiring an additional 898,143 shares during the last quarter. Jensen Investment Management Inc. bought a new position in shares of Sherwin-Williams in the 2nd quarter valued at approximately $169,770,000. Finally, Public Employees Retirement Association of Colorado lifted its holdings in Sherwin-Williams by 8,986.8% in the 4th quarter. Public Employees Retirement Association of Colorado now owns 534,121 shares of the specialty chemicals company’s stock worth $166,592,000 after purchasing an additional 528,243 shares during the last quarter. Institutional investors and hedge funds own 77.67% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts have commented on SHW shares. Robert W. Baird increased their price target on Sherwin-Williams from $310.00 to $325.00 and gave the company a “neutral” rating in a report on Wednesday, July 24th. Royal Bank of Canada reiterated an “outperform” rating and issued a $418.00 target price on shares of Sherwin-Williams in a report on Friday, August 30th. Evercore ISI upped their price target on shares of Sherwin-Williams from $365.00 to $380.00 and gave the company an “outperform” rating in a report on Friday, August 30th. Jefferies Financial Group raised their price target on Sherwin-Williams from $392.00 to $415.00 and gave the company a “buy” rating in a research report on Monday, August 26th. Finally, Redburn Atlantic raised Sherwin-Williams to a “strong-buy” rating in a research report on Thursday, July 18th. One equities research analyst has rated the stock with a sell rating, six have given a hold rating, fourteen have assigned a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $370.39.

Sherwin-Williams Price Performance

NYSE:SHW opened at $381.67 on Tuesday. 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 company has a 50-day moving average of $360.87 and a 200-day moving average of $330.01. The Sherwin-Williams Company has a 52 week low of $232.06 and a 52 week high of $385.25. The company has a market capitalization of $96.77 billion, a price-to-earnings ratio of 40.69, a PEG ratio of 3.00 and a beta of 1.17.

Sherwin-Williams (NYSE:SHW) last released its quarterly earnings data 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 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 the consensus estimate of $6.33 billion. During the same period in the previous year, the business earned $3.29 earnings per share. The company’s quarterly revenue was up .5% on a year-over-year basis. As a group, equities research analysts anticipate that The Sherwin-Williams Company will post 11.47 earnings per share for the current fiscal 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 issued a dividend of $0.715 per share. The ex-dividend date was Friday, August 16th. This represents a $2.86 dividend on an annualized basis and a dividend yield of 0.75%. Sherwin-Williams’s payout ratio is presently 30.49%.

Insider Activity

In related news, CFO Allen J. Mistysyn sold 14,520 shares of the stock in a transaction dated Friday, August 30th. The shares were sold at an average price of $366.83, for a total transaction of $5,326,371.60. Following the completion of the sale, the chief financial officer now owns 63,520 shares in the company, valued at approximately $23,301,041.60. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. 0.60% of the stock is owned by corporate insiders.

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.