The Sherwin-Williams Company (NYSE:SHW) Shares Sold by Ensign Peak Advisors Inc

Ensign Peak Advisors Inc lowered its position in shares of The Sherwin-Williams Company (NYSE:SHW) by 5.0% in the second quarter, Holdings Channel reports. The institutional investor owned 583,573 shares of the specialty chemicals company’s stock after selling 30,870 shares during the period. Ensign Peak Advisors Inc’s holdings in Sherwin-Williams were worth $174,156,000 as of its most recent filing with the SEC.

Several other large investors have also recently added to or reduced their stakes in SHW. HHM Wealth Advisors LLC grew its holdings in shares of Sherwin-Williams by 102.3% in the 2nd quarter. HHM Wealth Advisors LLC now owns 89 shares of the specialty chemicals company’s stock worth $27,000 after acquiring an additional 45 shares during the period. VitalStone Financial LLC increased its stake in shares of Sherwin-Williams by 233.3% during the 2nd 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 acquired a new position in shares of Sherwin-Williams during the 2nd quarter worth approximately $38,000. Northwest Investment Counselors LLC purchased a new stake in Sherwin-Williams in the 1st quarter valued at approximately $47,000. Finally, Rise Advisors LLC grew its holdings in Sherwin-Williams by 1,154.5% during the 1st quarter. Rise Advisors LLC now owns 138 shares of the specialty chemicals company’s stock valued at $48,000 after buying an additional 127 shares during the last quarter. 77.67% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In related news, CFO Allen J. Mistysyn sold 14,520 shares of the company’s stock in a transaction that occurred on Friday, August 30th. The shares were sold at an average price of $366.83, for a total value 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 legal filing with the SEC, which can be accessed through this hyperlink. Corporate insiders own 0.60% of the company’s stock.

Sherwin-Williams Stock Performance

Sherwin-Williams stock opened at $378.52 on Friday. The Sherwin-Williams Company has a 12 month low of $232.06 and a 12 month high of $382.83. The company has a fifty day moving average price of $353.82 and a two-hundred day moving average price of $328.32. 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 company has a market cap of $95.49 billion, a PE ratio of 40.35, a P/E/G ratio of 2.98 and a beta of 1.17.

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. The company had revenue of $6.27 billion during the quarter, compared to the consensus estimate of $6.33 billion. Sherwin-Williams had a return on equity of 75.58% and a net margin of 10.92%. Sherwin-Williams’s quarterly revenue was up .5% compared to the same quarter last year. During the same period in the previous year, the firm posted $3.29 earnings per share. Research analysts expect 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 given 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 yield of 0.76%. Sherwin-Williams’s dividend payout ratio (DPR) is presently 30.49%.

Wall Street Analysts Forecast Growth

SHW has been the subject of several analyst reports. The Goldman Sachs Group boosted 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. Wells Fargo & Company lifted their price target on Sherwin-Williams from $320.00 to $350.00 and gave the company an “equal weight” rating in a report on Wednesday, July 24th. StockNews.com upgraded shares of Sherwin-Williams from a “hold” rating to a “buy” rating in a report on Friday. Morgan Stanley boosted their target price 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. Finally, UBS Group increased their price target on shares of Sherwin-Williams from $375.00 to $412.00 and gave the stock a “buy” rating in a research note on Friday, August 30th. 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, the company currently has an average rating of “Moderate Buy” and a consensus price target of $362.68.

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.