Centennial Bank AR Trims Holdings in The Sherwin-Williams Company (NYSE:SHW)

Centennial Bank AR decreased its holdings in shares of The Sherwin-Williams Company (NYSE:SHW) by 25.6% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 145 shares of the specialty chemicals company’s stock after selling 50 shares during the period. Centennial Bank AR’s holdings in Sherwin-Williams were worth $43,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of SHW. HHM Wealth Advisors LLC boosted its position in Sherwin-Williams by 102.3% during the 2nd quarter. HHM Wealth Advisors LLC now owns 89 shares of the specialty chemicals company’s stock valued at $27,000 after acquiring an additional 45 shares in the last quarter. Semmax Financial Advisors Inc. grew its stake in Sherwin-Williams by 136.4% in the second quarter. Semmax Financial Advisors Inc. now owns 104 shares of the specialty chemicals company’s stock worth $31,000 after purchasing an additional 60 shares during the period. VitalStone Financial LLC raised its holdings in Sherwin-Williams by 233.3% in the second quarter. VitalStone Financial LLC now owns 110 shares of the specialty chemicals company’s stock worth $33,000 after purchasing an additional 77 shares in the last quarter. Anfield Capital Management LLC purchased a new position in Sherwin-Williams during the second quarter valued at $38,000. Finally, Meeder Asset Management Inc. bought a new stake in shares of Sherwin-Williams during the 2nd quarter valued at $41,000. Hedge funds and other institutional investors own 77.67% of the company’s stock.

Sherwin-Williams Stock Down 0.3 %

NYSE SHW opened at $380.63 on Wednesday. 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 $96.02 billion, a P/E ratio of 40.58, a price-to-earnings-growth ratio of 3.01 and a beta of 1.17. The stock’s 50-day moving average price is $361.59 and its 200-day moving average price is $330.33. The company has a quick ratio of 0.50, a current ratio of 0.81 and a debt-to-equity ratio of 2.17.

Sherwin-Williams (NYSE:SHW) last issued its quarterly 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 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 analyst estimates of $6.33 billion. During the same quarter in the prior year, the business posted $3.29 EPS. Sherwin-Williams’s revenue for the quarter was up .5% compared to the same quarter last year. On average, equities research analysts predict that The Sherwin-Williams Company will post 11.47 earnings per share for the current year.

Sherwin-Williams Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, September 6th. Shareholders of record on Friday, August 16th were paid 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 0.75%. Sherwin-Williams’s payout ratio is 30.49%.

Analyst Upgrades and Downgrades

A number of equities research analysts have weighed in on the stock. Robert W. Baird upped their price objective on shares of Sherwin-Williams from $310.00 to $325.00 and gave the stock a “neutral” rating in a report on Wednesday, July 24th. BMO Capital Markets upped their price target on Sherwin-Williams from $400.00 to $425.00 and gave the stock an “outperform” rating in a research note on Monday. Barclays lifted their price objective on Sherwin-Williams from $315.00 to $355.00 and gave the company an “equal weight” rating in a research note on Wednesday, July 24th. Jefferies Financial Group increased their target price on Sherwin-Williams from $392.00 to $415.00 and gave the stock a “buy” rating in a research note on Monday, August 26th. Finally, The Goldman Sachs Group raised their price target on Sherwin-Williams from $344.00 to $390.00 and gave the company a “buy” rating in a report on Wednesday, July 24th. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating, fourteen have assigned a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $370.39.

Insider Buying and Selling at Sherwin-Williams

In related news, CFO Allen J. Mistysyn sold 14,520 shares of the firm’s stock in a transaction on 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 transaction, the chief financial officer now directly owns 63,520 shares of the company’s stock, valued at $23,301,041.60. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 0.60% of the company’s stock.

About Sherwin-Williams

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.