Trust Co. of Oklahoma Trims Stock Position in The Sherwin-Williams Company (NYSE:SHW)

Trust Co. of Oklahoma decreased its holdings in The Sherwin-Williams Company (NYSE:SHW) by 1.5% during the second quarter, HoldingsChannel.com reports. The institutional investor owned 3,606 shares of the specialty chemicals company’s stock after selling 56 shares during the quarter. Trust Co. of Oklahoma’s holdings in Sherwin-Williams were worth $1,076,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors also recently added to or reduced their stakes in the company. Norges Bank purchased a new position in shares of Sherwin-Williams during the 4th quarter worth $1,176,356,000. Capital World Investors lifted its position in Sherwin-Williams by 38.9% during 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. PineStone Asset Management Inc. grew its holdings in Sherwin-Williams by 132.8% during the second quarter. PineStone Asset Management Inc. now owns 1,609,392 shares of the specialty chemicals company’s stock valued at $480,291,000 after purchasing an additional 917,979 shares during the period. Assenagon Asset Management S.A. increased its position in Sherwin-Williams by 610.0% in the second quarter. Assenagon Asset Management S.A. now owns 1,045,374 shares of the specialty chemicals company’s stock worth $311,971,000 after buying an additional 898,143 shares in the last quarter. Finally, Public Employees Retirement Association of Colorado raised its stake in shares of Sherwin-Williams by 8,986.8% in the fourth quarter. Public Employees Retirement Association of Colorado now owns 534,121 shares of the specialty chemicals company’s stock worth $166,592,000 after buying an additional 528,243 shares during the period. 77.67% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several equities research analysts recently issued reports on SHW shares. JPMorgan Chase & Co. reduced their target price on shares of Sherwin-Williams from $317.00 to $315.00 and set an “overweight” rating for the company in a report on Wednesday, April 24th. Barclays increased their price objective on shares of Sherwin-Williams from $315.00 to $355.00 and gave the stock an “equal weight” rating in a research note on Wednesday, July 24th. Morgan Stanley lifted their target price on shares of Sherwin-Williams from $338.00 to $375.00 and gave the company an “overweight” rating in a research note on Wednesday, July 24th. UBS Group dropped their target price on shares of Sherwin-Williams from $385.00 to $355.00 and set a “buy” rating for the company in a report on Tuesday, July 9th. Finally, Wells Fargo & Company raised their price target on Sherwin-Williams from $320.00 to $350.00 and gave the company an “equal weight” rating in a report on Wednesday, July 24th. One analyst has rated the stock with a sell rating, seven have issued a hold rating, thirteen have given a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, Sherwin-Williams has a consensus rating of “Moderate Buy” and an average target price of $355.00.

Sherwin-Williams Price Performance

Shares of SHW traded down $0.06 during mid-day trading on Thursday, hitting $357.91. 1,077,661 shares of the stock were exchanged, compared to its average volume of 1,624,086. 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 company has a market cap of $90.29 billion, a PE ratio of 38.29, a price-to-earnings-growth ratio of 2.79 and a beta of 1.16. The Sherwin-Williams Company has a 52-week low of $232.06 and a 52-week high of $360.31. The firm has a 50-day moving average of $324.13 and a two-hundred day moving average of $320.58.

Sherwin-Williams (NYSE:SHW) last announced its quarterly earnings results on Tuesday, July 23rd. The specialty chemicals company reported $3.70 earnings per share for the quarter, topping the consensus estimate 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 for the quarter, compared to analysts’ expectations of $6.33 billion. During the same quarter in the previous year, the business posted $3.29 earnings per share. Sherwin-Williams’s quarterly revenue was up .5% on a year-over-year basis. On average, equities analysts predict that The Sherwin-Williams Company will post 11.44 earnings per share for the current year.

Sherwin-Williams Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, September 6th. Investors of record on Friday, August 16th will be given a $0.715 dividend. The ex-dividend date of this dividend is Friday, August 16th. This represents a $2.86 annualized dividend and a yield of 0.80%. Sherwin-Williams’s dividend payout ratio is currently 30.49%.

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.