Texas Permanent School Fund Corp Purchases 57 Shares of The Sherwin-Williams Company (NYSE:SHW)

Texas Permanent School Fund Corp boosted its position in The Sherwin-Williams Company (NYSE:SHW) by 0.1% in the first quarter, HoldingsChannel.com reports. The firm owned 48,643 shares of the specialty chemicals company’s stock after acquiring an additional 57 shares during the period. Texas Permanent School Fund Corp’s holdings in Sherwin-Williams were worth $16,895,000 as of its most recent SEC filing.

A number of other large investors have also added to or reduced their stakes in the company. Valley Wealth Managers Inc. raised its holdings in Sherwin-Williams by 17.2% in the first quarter. Valley Wealth Managers Inc. now owns 1,168 shares of the specialty chemicals company’s stock worth $406,000 after purchasing an additional 171 shares in the last quarter. Team Hewins LLC grew its stake in shares of Sherwin-Williams by 3.0% during the first quarter. Team Hewins LLC now owns 1,848 shares of the specialty chemicals company’s stock worth $642,000 after acquiring an additional 53 shares during the last quarter. Bancreek Capital Management LP grew its stake in shares of Sherwin-Williams by 1.3% during the first quarter. Bancreek Capital Management LP now owns 20,204 shares of the specialty chemicals company’s stock worth $7,017,000 after acquiring an additional 258 shares during the last quarter. Eos Management L.P. grew its stake in shares of Sherwin-Williams by 879.3% during the first quarter. Eos Management L.P. now owns 10,302 shares of the specialty chemicals company’s stock worth $3,578,000 after acquiring an additional 9,250 shares during the last quarter. Finally, Catalina Capital Group LLC grew its stake in shares of Sherwin-Williams by 76.4% during the first quarter. Catalina Capital Group LLC now owns 1,143 shares of the specialty chemicals company’s stock worth $397,000 after acquiring an additional 495 shares during the last quarter. 77.67% of the stock is currently owned by institutional investors.

Sherwin-Williams Stock Performance

Sherwin-Williams stock traded up $8.79 during mid-day trading on Thursday, hitting $314.16. The company had a trading volume of 1,603,105 shares, compared to its average volume of 1,575,595. The company has a current ratio of 0.78, a quick ratio of 0.46 and a debt-to-equity ratio of 2.32. The company has a market capitalization of $79.66 billion, a price-to-earnings ratio of 33.49, a P/E/G ratio of 2.41 and a beta of 1.16. The company’s fifty day moving average is $304.07 and its 200-day moving average is $312.92. The Sherwin-Williams Company has a 12-month low of $232.06 and a 12-month high of $348.37.

Sherwin-Williams (NYSE:SHW) last announced its 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 business had revenue of $5.37 billion for the quarter, compared to analyst estimates of $5.50 billion. Sherwin-Williams had a return on equity of 73.74% and a net margin of 10.52%. The company’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. Equities research analysts predict that The Sherwin-Williams Company will post 11.43 EPS for the current year.

Sherwin-Williams Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, June 7th. Stockholders of record on Friday, May 17th were paid a dividend of $0.715 per share. This represents a $2.86 annualized dividend and a dividend yield of 0.91%. The ex-dividend date was Thursday, May 16th. Sherwin-Williams’s payout ratio is 30.49%.

Wall Street Analysts Forecast Growth

A number of brokerages have recently weighed in on SHW. Mizuho dropped their price target on Sherwin-Williams from $340.00 to $334.00 and set a “buy” rating on the stock in a research note on Wednesday, April 24th. KeyCorp upgraded Sherwin-Williams from a “sector weight” rating to an “overweight” rating and set a $400.00 price target on the stock in a research note on Thursday, April 25th. StockNews.com lowered Sherwin-Williams from a “buy” rating to a “hold” rating in a research note on Thursday, April 25th. Evercore ISI boosted their price target on Sherwin-Williams from $360.00 to $365.00 and gave the stock an “outperform” rating in a research note on Tuesday, May 14th. Finally, BMO Capital Markets dropped their target price on Sherwin-Williams from $377.00 to $360.00 and set an “outperform” rating on the stock in a research report on Wednesday, June 12th. One investment analyst has rated the stock with a sell rating, seven have given a hold rating and twelve have assigned a buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $340.65.

Sherwin-Williams 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.