Vienna Powszechne Towarzystwo Emerytalne S.A. Vienna Insurance Group Boosts Stake in The Sherwin-Williams Company (NYSE:SHW)

Vienna Powszechne Towarzystwo Emerytalne S.A. Vienna Insurance Group increased its stake in The Sherwin-Williams Company (NYSE:SHW) by 3.3% in the 2nd quarter, Holdings Channel reports. The fund owned 4,339 shares of the specialty chemicals company’s stock after buying an additional 138 shares during the quarter. Vienna Powszechne Towarzystwo Emerytalne S.A. Vienna Insurance Group’s holdings in Sherwin-Williams were worth $1,295,000 at the end of the most recent reporting period.

A number of other institutional investors have also added to or reduced their stakes in SHW. CWA Asset Management Group LLC raised its holdings in shares of Sherwin-Williams by 79.0% during the 4th quarter. CWA Asset Management Group LLC now owns 2,713 shares of the specialty chemicals company’s stock valued at $846,000 after buying an additional 1,197 shares in the last quarter. NEOS Investment Management LLC lifted its holdings in shares of Sherwin-Williams by 33.7% in the 4th quarter. NEOS Investment Management LLC now owns 4,028 shares of the specialty chemicals company’s stock worth $1,256,000 after acquiring an additional 1,015 shares during the last quarter. Rafferty Asset Management LLC boosted its stake in shares of Sherwin-Williams by 16.3% in the 4th quarter. Rafferty Asset Management LLC now owns 48,928 shares of the specialty chemicals company’s stock valued at $15,261,000 after purchasing an additional 6,874 shares in the last quarter. First Trust Advisors LP grew its holdings in shares of Sherwin-Williams by 51.9% during the 4th quarter. First Trust Advisors LP now owns 158,242 shares of the specialty chemicals company’s stock valued at $49,356,000 after purchasing an additional 54,070 shares during the last quarter. Finally, Armistice Capital LLC bought a new position in shares of Sherwin-Williams during the 4th quarter valued at $240,000. Institutional investors own 77.67% of the company’s stock.

Analysts Set New Price Targets

Several analysts have weighed in on SHW shares. Redburn Atlantic raised shares of Sherwin-Williams to a “strong-buy” rating in a research note on Thursday, July 18th. Jefferies Financial Group boosted their target price on Sherwin-Williams from $392.00 to $415.00 and gave the company a “buy” rating in a research note on Monday, August 26th. The Goldman Sachs Group raised their price target on Sherwin-Williams from $344.00 to $390.00 and gave the stock a “buy” rating in a research report on Wednesday, July 24th. UBS Group boosted their price objective on Sherwin-Williams from $375.00 to $412.00 and gave the company a “buy” rating in a research report on Friday, August 30th. Finally, 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 report on Friday, August 30th. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating, fourteen have given a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $370.39.

Sherwin-Williams Stock Performance

Sherwin-Williams stock opened at $380.63 on Wednesday. The Sherwin-Williams Company has a fifty-two week low of $232.06 and a fifty-two week high of $385.25. The stock’s 50 day simple moving average is $361.59 and its two-hundred day simple moving average is $330.33. 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 stock has a market cap of $96.02 billion, a price-to-earnings ratio of 40.58, a PEG ratio of 3.01 and a beta of 1.17.

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

Sherwin-Williams Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, September 6th. Stockholders of record on Friday, August 16th were issued a dividend of $0.715 per share. The ex-dividend date was Friday, August 16th. This represents a $2.86 annualized dividend and a dividend yield of 0.75%. Sherwin-Williams’s payout ratio is presently 30.49%.

Insider Transactions at Sherwin-Williams

In related news, CFO Allen J. Mistysyn sold 14,520 shares of the 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 sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through 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.