The Sherwin-Williams Company (NYSE:SHW) Shares Acquired by Commonwealth of Pennsylvania Public School Empls Retrmt SYS

Commonwealth of Pennsylvania Public School Empls Retrmt SYS raised its position in The Sherwin-Williams Company (NYSE:SHW) by 0.2% during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 51,697 shares of the specialty chemicals company’s stock after purchasing an additional 128 shares during the period. Commonwealth of Pennsylvania Public School Empls Retrmt SYS’s holdings in Sherwin-Williams were worth $17,956,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in SHW. First United Bank & Trust acquired a new stake in Sherwin-Williams during the 4th quarter worth approximately $31,000. Tortoise Investment Management LLC increased its position in Sherwin-Williams by 158.5% during the 4th quarter. Tortoise Investment Management LLC now owns 106 shares of the specialty chemicals company’s stock worth $33,000 after purchasing an additional 65 shares in the last quarter. McGlone Suttner Wealth Management Inc. acquired a new stake in Sherwin-Williams during the 4th quarter worth approximately $35,000. Wetzel Investment Advisors Inc. acquired a new stake in Sherwin-Williams in the fourth quarter valued at approximately $36,000. Finally, Northwest Investment Counselors LLC purchased a new stake in shares of Sherwin-Williams during the first quarter valued at approximately $47,000. 77.67% of the stock is currently owned by hedge funds and other institutional investors.

Sherwin-Williams Price Performance

SHW stock traded down $0.06 during trading on Wednesday, hitting $326.34. The company had a trading volume of 887,669 shares, compared to its average volume of 1,577,667. The firm has a market capitalization of $82.74 billion, a price-to-earnings ratio of 34.75, a P/E/G ratio of 2.66 and a beta of 1.16. The business has a 50 day moving average of $304.63 and a 200 day moving average of $313.12. The Sherwin-Williams Company has a fifty-two week low of $232.06 and a fifty-two week high of $348.37. The company has a current ratio of 0.78, a quick ratio of 0.46 and a debt-to-equity ratio of 2.32.

Sherwin-Williams (NYSE:SHW) last posted its quarterly earnings data 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 company had revenue of $5.37 billion during 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 business’s revenue for the quarter was down 1.4% compared to the same quarter last year. During the same period in the previous year, the company earned $2.04 EPS. As a group, research analysts predict that The Sherwin-Williams Company will post 11.42 earnings per share for the current year.

Sherwin-Williams Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, September 6th. Shareholders of record on Friday, August 16th will be given a $0.715 dividend. This represents a $2.86 annualized dividend and a yield of 0.88%. Sherwin-Williams’s dividend payout ratio (DPR) is presently 30.49%.

Analyst Upgrades and Downgrades

A number of research firms have recently issued reports on SHW. Loop Capital dropped their price objective on shares of Sherwin-Williams from $395.00 to $380.00 and set a “buy” rating on the stock in a research note on Wednesday, April 24th. Evercore ISI lifted their price target on shares of Sherwin-Williams from $360.00 to $365.00 and gave the stock an “outperform” rating in a research note on Tuesday, May 14th. Royal Bank of Canada dropped their price target on shares of Sherwin-Williams from $380.00 to $370.00 and set an “outperform” rating for the company in a research note on Thursday, April 25th. StockNews.com lowered shares of Sherwin-Williams from a “buy” rating to a “hold” rating in a research note on Thursday, April 25th. Finally, KeyCorp upgraded shares of Sherwin-Williams from a “sector weight” rating to an “overweight” rating and set a $400.00 price target for the company in a research note on Thursday, April 25th. One analyst has rated the stock with a sell rating, seven have given a hold rating and twelve have given a buy rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $340.65.

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.