Thrivent Financial for Lutherans Has $7.17 Million Stock Holdings in The Sherwin-Williams Company (NYSE:SHW)

Thrivent Financial for Lutherans reduced its holdings in The Sherwin-Williams Company (NYSE:SHW) by 0.6% in the 2nd quarter, HoldingsChannel reports. The fund owned 24,037 shares of the specialty chemicals company’s stock after selling 153 shares during the period. Thrivent Financial for Lutherans’ holdings in Sherwin-Williams were worth $7,173,000 at the end of the most recent quarter.

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

Wall Street Analysts Forecast Growth

Several research analysts have issued reports on the stock. Morgan Stanley raised their price target on shares of Sherwin-Williams from $338.00 to $375.00 and gave the stock an “overweight” rating in a report on Wednesday, July 24th. Royal Bank of Canada restated an “outperform” rating and issued a $418.00 target price on shares of Sherwin-Williams in a report on Friday, August 30th. KeyCorp increased their price target on Sherwin-Williams from $400.00 to $410.00 and gave the stock an “overweight” rating in a report on Wednesday, July 24th. StockNews.com raised Sherwin-Williams from a “hold” rating to a “buy” rating in a research note on Friday, September 20th. Finally, Wells Fargo & Company raised their target price on Sherwin-Williams from $320.00 to $350.00 and gave the stock an “equal weight” rating in a research note on Wednesday, July 24th. One analyst has rated the stock with a sell rating, six have given a hold rating, fifteen have given a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $362.68.

Sherwin-Williams Price Performance

Shares of NYSE SHW opened at $384.03 on Friday. The stock has a market cap of $97.37 billion, a price-to-earnings ratio of 41.03, a PEG ratio of 3.00 and a beta of 1.17. The company has a debt-to-equity ratio of 2.17, a quick ratio of 0.50 and a current ratio of 0.81. The Sherwin-Williams Company has a fifty-two week low of $232.06 and a fifty-two week high of $385.23. The firm’s 50-day simple moving average is $357.30 and its 200 day simple moving average is $329.14.

Sherwin-Williams (NYSE:SHW) last posted its earnings results on Tuesday, July 23rd. The specialty chemicals company reported $3.70 earnings per share 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 company had revenue of $6.27 billion for the quarter, compared to analyst estimates of $6.33 billion. During the same quarter last year, the company earned $3.29 earnings per share. The company’s revenue for the quarter was up .5% on a year-over-year basis. As a group, research analysts anticipate that The Sherwin-Williams Company will post 11.47 earnings per share for the current fiscal year.

Sherwin-Williams Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, September 6th. Stockholders of record on Friday, August 16th were issued a $0.715 dividend. The ex-dividend date was Friday, August 16th. This represents a $2.86 annualized dividend and a dividend yield of 0.74%. Sherwin-Williams’s dividend payout ratio is currently 30.49%.

Insider Activity at Sherwin-Williams

In other Sherwin-Williams news, CFO Allen J. Mistysyn sold 14,520 shares of the company’s stock in a transaction dated 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 directly owns 63,520 shares of the company’s stock, valued at approximately $23,301,041.60. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 0.60% of the stock is owned by insiders.

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.