ProShare Advisors LLC Purchases 22,203 Shares of The Sherwin-Williams Company (NYSE:SHW)

ProShare Advisors LLC lifted its position in The Sherwin-Williams Company (NYSE:SHW) by 3.7% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 623,398 shares of the specialty chemicals company’s stock after acquiring an additional 22,203 shares during the quarter. ProShare Advisors LLC’s holdings in Sherwin-Williams were worth $186,041,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently made changes to their positions in the company. Kayne Anderson Rudnick Investment Management LLC raised its holdings in shares of Sherwin-Williams by 5,225.9% in the second quarter. Kayne Anderson Rudnick Investment Management LLC now owns 19,919 shares of the specialty chemicals company’s stock valued at $5,945,000 after acquiring an additional 19,545 shares in the last quarter. Legacy Financial Advisors Inc. raised its holdings in shares of Sherwin-Williams by 3.4% in the second quarter. Legacy Financial Advisors Inc. now owns 1,193 shares of the specialty chemicals company’s stock valued at $356,000 after acquiring an additional 39 shares in the last quarter. 11 Capital Partners LP raised its holdings in shares of Sherwin-Williams by 23.8% in the second quarter. 11 Capital Partners LP now owns 55,878 shares of the specialty chemicals company’s stock valued at $1,754,000 after acquiring an additional 10,747 shares in the last quarter. Summit Trail Advisors LLC raised its holdings in shares of Sherwin-Williams by 1.5% in the second quarter. Summit Trail Advisors LLC now owns 2,672 shares of the specialty chemicals company’s stock valued at $797,000 after acquiring an additional 40 shares in the last quarter. Finally, Chesapeake Wealth Management raised its holdings in shares of Sherwin-Williams by 4.1% in the second quarter. Chesapeake Wealth Management now owns 2,993 shares of the specialty chemicals company’s stock valued at $893,000 after acquiring an additional 119 shares in the last quarter. 77.67% of the stock is currently owned by institutional investors.

Sherwin-Williams Price Performance

Shares of NYSE SHW opened at $378.52 on Friday. The business’s 50 day moving average price is $353.82 and its 200 day moving average price is $328.28. The firm has a market cap of $95.97 billion, a P/E ratio of 40.35, a P/E/G ratio of 2.98 and a beta of 1.17. The Sherwin-Williams Company has a 52 week low of $232.06 and a 52 week high of $382.83. 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 earnings results on Tuesday, July 23rd. The specialty chemicals company reported $3.70 EPS 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 firm had revenue of $6.27 billion for the quarter, compared to analyst estimates of $6.33 billion. During the same quarter in the prior year, the firm earned $3.29 earnings per share. Sherwin-Williams’s revenue for the quarter was up .5% on a year-over-year basis. On average, sell-side analysts expect 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. The ex-dividend date was Friday, August 16th. This represents a $2.86 annualized dividend and a yield of 0.76%. Sherwin-Williams’s dividend payout ratio is presently 30.49%.

Analyst Ratings Changes

SHW has been the subject of a number of recent research reports. Redburn Atlantic upgraded shares of Sherwin-Williams to a “strong-buy” rating in a report on Thursday, July 18th. Barclays boosted their target price on shares of Sherwin-Williams from $315.00 to $355.00 and gave the stock an “equal weight” rating in a report on Wednesday, July 24th. Wells Fargo & Company boosted their target price 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. 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. Finally, KeyCorp boosted their target price on shares of Sherwin-Williams from $400.00 to $410.00 and gave the stock an “overweight” rating in a report on Wednesday, July 24th. One equities research analyst has rated the stock with a sell rating, six have given a hold rating, fifteen have given a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $362.68.

Insiders Place Their Bets

In other Sherwin-Williams news, CFO Allen J. Mistysyn sold 14,520 shares of the company’s stock in a transaction that occurred on 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 sale, the chief financial officer now owns 63,520 shares in the company, valued at approximately $23,301,041.60. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Insiders own 0.60% of the company’s stock.

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.