Centaurus Financial Inc. Reduces Stock Holdings in The Sherwin-Williams Company (NYSE:SHW)

Centaurus Financial Inc. reduced its holdings in shares of The Sherwin-Williams Company (NYSE:SHW) by 13.3% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,219 shares of the specialty chemicals company’s stock after selling 187 shares during the period. Centaurus Financial Inc.’s holdings in Sherwin-Williams were worth $364,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Anchor Investment Management LLC increased its holdings in shares of Sherwin-Williams by 0.8% during the second quarter. Anchor Investment Management LLC now owns 17,441 shares of the specialty chemicals company’s stock valued at $5,205,000 after acquiring an additional 138 shares in the last quarter. University of Texas Texas AM Investment Management Co. grew its position in Sherwin-Williams by 4.7% during the 2nd quarter. University of Texas Texas AM Investment Management Co. now owns 8,956 shares of the specialty chemicals company’s stock worth $2,673,000 after purchasing an additional 403 shares during the last quarter. Vienna Powszechne Towarzystwo Emerytalne S.A. Vienna Insurance Group increased its stake in Sherwin-Williams by 3.3% during the 2nd quarter. Vienna Powszechne Towarzystwo Emerytalne S.A. Vienna Insurance Group now owns 4,339 shares of the specialty chemicals company’s stock valued at $1,295,000 after purchasing an additional 138 shares in the last quarter. Cim LLC increased its stake in Sherwin-Williams by 2.2% during the 2nd quarter. Cim LLC now owns 7,322 shares of the specialty chemicals company’s stock valued at $2,185,000 after purchasing an additional 158 shares in the last quarter. Finally, Sanctuary Advisors LLC purchased a new position in shares of Sherwin-Williams in the second quarter worth $11,335,000. 77.67% of the stock is currently owned by hedge funds and other institutional investors.

Sherwin-Williams Trading Down 0.5 %

Shares of NYSE:SHW opened at $371.30 on Friday. 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 firm has a market capitalization of $93.66 billion, a price-to-earnings ratio of 39.58, a price-to-earnings-growth ratio of 2.97 and a beta of 1.17. The Sherwin-Williams Company has a 1 year low of $232.06 and a 1 year high of $385.25. The business’s 50 day moving average price is $363.56 and its 200-day moving average price is $331.17.

Sherwin-Williams (NYSE:SHW) last released its quarterly earnings results on Tuesday, July 23rd. The specialty chemicals company reported $3.70 earnings per share for the quarter, topping the consensus estimate 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 firm earned $3.29 EPS. The company’s revenue for the quarter was up .5% on a year-over-year basis. On average, equities research analysts forecast 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. Investors of record on Friday, August 16th were given a dividend of $0.715 per share. This represents a $2.86 annualized dividend and a dividend yield of 0.77%. The ex-dividend date of this dividend was Friday, August 16th. Sherwin-Williams’s payout ratio is 30.49%.

Analyst Ratings Changes

A number of equities research analysts have recently weighed in on the stock. Morgan Stanley boosted their price objective on shares of Sherwin-Williams from $338.00 to $375.00 and gave the company an “overweight” rating in a report on Wednesday, July 24th. Robert W. Baird boosted their price target on Sherwin-Williams from $310.00 to $325.00 and gave the company a “neutral” rating in a research note on Wednesday, July 24th. Royal Bank of Canada restated an “outperform” rating and issued a $418.00 price objective on shares of Sherwin-Williams in a research note on Friday, August 30th. StockNews.com downgraded Sherwin-Williams from a “buy” rating to a “hold” rating in a report on Saturday, September 28th. Finally, Wells Fargo & Company increased their price target on shares of Sherwin-Williams from $320.00 to $350.00 and gave the stock an “equal weight” rating in a report on Wednesday, July 24th. One analyst has rated the stock with a sell rating, six have issued a hold rating, fourteen have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, Sherwin-Williams currently has an average rating of “Moderate Buy” and a consensus price target of $370.39.

Insider Activity at Sherwin-Williams

In other news, CFO Allen J. Mistysyn sold 14,520 shares of the company’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 sale, the chief financial officer now owns 63,520 shares of the company’s stock, valued at $23,301,041.60. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.60% of the stock is owned by corporate insiders.

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.