Mutual of America Capital Management LLC Sells 639 Shares of The Sherwin-Williams Company (NYSE:SHW)

Mutual of America Capital Management LLC lessened its stake in The Sherwin-Williams Company (NYSE:SHW) by 2.0% during the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 30,876 shares of the specialty chemicals company’s stock after selling 639 shares during the quarter. Mutual of America Capital Management LLC’s holdings in Sherwin-Williams were worth $10,724,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of SHW. Vanguard Group Inc. increased its position in Sherwin-Williams by 0.8% in the fourth quarter. Vanguard Group Inc. now owns 21,435,960 shares of the specialty chemicals company’s stock worth $6,685,876,000 after buying an additional 179,274 shares during the last quarter. Capital World Investors grew its position in shares of Sherwin-Williams by 38.9% in the fourth quarter. Capital World Investors now owns 3,840,789 shares of the specialty chemicals company’s stock valued at $1,197,952,000 after purchasing an additional 1,075,351 shares in the last quarter. Norges Bank bought a new stake in Sherwin-Williams during the fourth quarter valued at $1,176,356,000. Clearbridge Investments LLC boosted its stake in Sherwin-Williams by 4.4% during the fourth quarter. Clearbridge Investments LLC now owns 2,779,294 shares of the specialty chemicals company’s stock valued at $866,862,000 after buying an additional 116,647 shares during the period. Finally, Capital Research Global Investors boosted its stake in Sherwin-Williams by 2.3% during the fourth quarter. Capital Research Global Investors now owns 2,536,096 shares of the specialty chemicals company’s stock valued at $791,008,000 after buying an additional 56,161 shares during the period. Institutional investors own 77.67% of the company’s stock.

Sherwin-Williams Stock Performance

Shares of NYSE SHW traded down $2.04 during midday trading on Tuesday, hitting $298.21. 279,477 shares of the stock traded hands, compared to its average volume of 1,570,645. The firm has a 50-day moving average of $304.05 and a two-hundred day moving average of $313.06. The firm has a market capitalization of $75.61 billion, a P/E ratio of 32.01, a PEG ratio of 2.38 and a beta of 1.16. The company has a debt-to-equity ratio of 2.32, a quick ratio of 0.46 and a current ratio of 0.78. The Sherwin-Williams Company has a one year low of $232.06 and a one year high of $348.37.

Sherwin-Williams (NYSE:SHW) last released its quarterly earnings results on Tuesday, April 23rd. The specialty chemicals company reported $2.17 earnings per share for the quarter, missing the consensus estimate of $2.22 by ($0.05). The firm had revenue of $5.37 billion for the quarter, compared to the consensus estimate of $5.50 billion. Sherwin-Williams had a net margin of 10.52% and a return on equity of 73.74%. Sherwin-Williams’s quarterly revenue was down 1.4% compared to the same quarter last year. During the same period in the previous year, the company earned $2.04 earnings per share. On average, equities analysts forecast that The Sherwin-Williams Company will post 11.43 EPS for the current fiscal year.

Sherwin-Williams Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, June 7th. Stockholders of record on Friday, May 17th were issued a dividend of $0.715 per share. The ex-dividend date of this dividend was Thursday, May 16th. This represents a $2.86 annualized dividend and a dividend yield of 0.96%. Sherwin-Williams’s payout ratio is 30.49%.

Analyst Ratings Changes

A number of research firms have recently weighed in on SHW. Royal Bank of Canada lowered their target price on Sherwin-Williams from $380.00 to $370.00 and set an “outperform” rating for the company in a research note on Thursday, April 25th. JPMorgan Chase & Co. reduced their target price on Sherwin-Williams from $317.00 to $315.00 and set an “overweight” rating on the stock in a report on Wednesday, April 24th. Robert W. Baird upped their target price on Sherwin-Williams from $300.00 to $310.00 and gave the stock a “neutral” rating in a report on Wednesday, April 24th. Citigroup reduced their target price on Sherwin-Williams from $390.00 to $370.00 and set a “buy” rating on the stock in a report on Thursday, April 25th. Finally, StockNews.com downgraded Sherwin-Williams from a “buy” rating to a “hold” rating in a report on Thursday, April 25th. One investment analyst has rated the stock with a sell rating, seven have given a hold rating and twelve have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $343.41.

About Sherwin-Williams

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.