The Sherwin-Williams Company (NYSE:SHW) Shares Sold by American Century Companies Inc.

American Century Companies Inc. cut its holdings in shares of The Sherwin-Williams Company (NYSE:SHW) by 29.7% during the second quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 208,610 shares of the specialty chemicals company’s stock after selling 88,117 shares during the period. American Century Companies Inc.’s holdings in Sherwin-Williams were worth $62,255,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently modified their holdings of the business. Conning Inc. grew its position in shares of Sherwin-Williams by 1.9% during the second quarter. Conning Inc. now owns 1,606 shares of the specialty chemicals company’s stock worth $479,000 after acquiring an additional 30 shares during the last quarter. Oxbow Advisors LLC boosted its stake in Sherwin-Williams by 4.5% during the 2nd quarter. Oxbow Advisors LLC now owns 690 shares of the specialty chemicals company’s stock worth $206,000 after purchasing an additional 30 shares during the period. Global X Japan Co. Ltd. grew its position in Sherwin-Williams by 2.2% during the 2nd quarter. Global X Japan Co. Ltd. now owns 1,403 shares of the specialty chemicals company’s stock worth $419,000 after purchasing an additional 30 shares during the last quarter. Optas LLC increased its stake in Sherwin-Williams by 1.3% in the second quarter. Optas LLC now owns 2,424 shares of the specialty chemicals company’s stock valued at $723,000 after purchasing an additional 32 shares during the period. Finally, Capital Advisors Ltd. LLC raised its holdings in shares of Sherwin-Williams by 2.9% in the second quarter. Capital Advisors Ltd. LLC now owns 1,173 shares of the specialty chemicals company’s stock valued at $350,000 after buying an additional 33 shares during the last quarter. Hedge funds and other institutional investors own 77.67% of the company’s stock.

Insider Buying and Selling

In other Sherwin-Williams news, CFO Allen J. Mistysyn sold 14,520 shares of the firm’s 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 sale, 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 Securities & Exchange Commission, which is available through the SEC website. 0.60% of the stock is currently owned by company insiders.

Sherwin-Williams Stock Performance

NYSE:SHW opened at $375.40 on Monday. The Sherwin-Williams Company has a twelve month low of $232.06 and a twelve month high of $378.86. The company has a market capitalization of $94.70 billion, a P/E ratio of 40.02, a price-to-earnings-growth ratio of 2.94 and a beta of 1.17. 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 firm has a 50-day moving average price of $346.75 and a two-hundred day moving average price of $326.70.

Sherwin-Williams (NYSE:SHW) last issued its quarterly earnings data on Tuesday, July 23rd. The specialty chemicals company reported $3.70 earnings per share for the quarter, topping analysts’ consensus estimates of $3.51 by $0.19. The business had revenue of $6.27 billion during the quarter, compared to analysts’ expectations of $6.33 billion. Sherwin-Williams had a net margin of 10.92% and a return on equity of 75.58%. The company’s revenue was up .5% on a year-over-year basis. During the same period last year, the company posted $3.29 EPS. As a group, research analysts expect that The Sherwin-Williams Company will post 11.47 earnings per share for the current fiscal year.

Sherwin-Williams Announces Dividend

The business also recently disclosed 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 dividend on an annualized basis and a yield of 0.76%. The ex-dividend date of this dividend was Friday, August 16th. Sherwin-Williams’s dividend payout ratio is presently 30.49%.

Wall Street Analyst Weigh In

Several brokerages recently issued reports on SHW. 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. Evercore ISI raised their target price on shares of Sherwin-Williams from $365.00 to $380.00 and gave the stock an “outperform” rating in a research note on Friday, August 30th. Robert W. Baird lifted their target price on shares of Sherwin-Williams from $310.00 to $325.00 and gave the company a “neutral” rating in a report on Wednesday, July 24th. 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. Finally, Royal Bank of Canada reaffirmed an “outperform” rating and issued a $418.00 price objective on shares of Sherwin-Williams in a report on Friday, August 30th. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating, fourteen have issued a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target 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.