9258 Wealth Management LLC Sells 334 Shares of The Sherwin-Williams Company (NYSE:SHW)

9258 Wealth Management LLC cut its position in The Sherwin-Williams Company (NYSE:SHW) by 24.2% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,048 shares of the specialty chemicals company’s stock after selling 334 shares during the quarter. 9258 Wealth Management LLC’s holdings in Sherwin-Williams were worth $313,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in the company. Norges Bank bought a new stake in Sherwin-Williams in the 4th quarter valued at about $1,176,356,000. Capital World Investors lifted its stake in shares of Sherwin-Williams by 38.9% during the 4th quarter. Capital World Investors now owns 3,840,789 shares of the specialty chemicals company’s stock valued at $1,197,952,000 after buying an additional 1,075,351 shares in the last quarter. PineStone Asset Management Inc. grew its stake in Sherwin-Williams by 132.8% in the 2nd quarter. PineStone Asset Management Inc. now owns 1,609,392 shares of the specialty chemicals company’s stock valued at $480,291,000 after buying an additional 917,979 shares in the last quarter. Assenagon Asset Management S.A. raised its holdings in Sherwin-Williams by 610.0% during the 2nd quarter. Assenagon Asset Management S.A. now owns 1,045,374 shares of the specialty chemicals company’s stock valued at $311,971,000 after acquiring an additional 898,143 shares during the period. Finally, Public Employees Retirement Association of Colorado boosted its holdings 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 acquiring an additional 528,243 shares during the period. Hedge funds and other institutional investors own 77.67% of the company’s stock.

Sherwin-Williams Price Performance

SHW opened at $360.08 on Friday. The stock’s 50 day moving average price is $337.97 and its 200-day moving average price is $324.52. The Sherwin-Williams Company has a 52-week low of $232.06 and a 52-week high of $371.19. The stock has a market capitalization of $90.83 billion, a PE ratio of 38.39, a price-to-earnings-growth ratio of 2.90 and a beta of 1.17. The company has a debt-to-equity ratio of 2.17, a quick ratio of 0.50 and a current ratio of 0.81.

Sherwin-Williams (NYSE:SHW) last announced its earnings results on Tuesday, July 23rd. The specialty chemicals company reported $3.70 earnings per share 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 firm had revenue of $6.27 billion for the quarter, compared to analyst estimates of $6.33 billion. During the same quarter in the previous year, the firm posted $3.29 EPS. The company’s revenue for the quarter was up .5% compared to the same quarter last year. On average, equities research analysts predict that The Sherwin-Williams Company will post 11.47 EPS for the current year.

Sherwin-Williams Announces Dividend

The company 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 dividend of $0.715 per share. The ex-dividend date of this dividend is Friday, August 16th. This represents a $2.86 annualized dividend and a dividend yield of 0.79%. Sherwin-Williams’s dividend payout ratio is presently 30.49%.

Insider Buying and Selling 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 value of $5,326,371.60. Following the completion of the transaction, the chief financial officer now directly owns 63,520 shares in the company, valued at approximately $23,301,041.60. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Insiders own 0.60% of the company’s stock.

Analyst Upgrades and Downgrades

SHW has been the subject of a number of recent analyst reports. UBS Group lifted their target price on Sherwin-Williams from $375.00 to $412.00 and gave the company a “buy” rating in a report on Friday, August 30th. Robert W. Baird boosted their price target on shares of Sherwin-Williams from $310.00 to $325.00 and gave the company a “neutral” rating in a research report on Wednesday, July 24th. The Goldman Sachs Group lifted their price objective on Sherwin-Williams from $344.00 to $390.00 and gave the company a “buy” rating in a research note on Wednesday, July 24th. BMO Capital Markets reaffirmed an “outperform” rating and issued a $400.00 price target (up previously from $386.00) on shares of Sherwin-Williams in a report on Wednesday. Finally, Royal Bank of Canada reaffirmed an “outperform” rating and issued a $418.00 target price on shares of Sherwin-Williams in a research note on Friday, August 30th. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating, fourteen have given a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $362.68.

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.