The Sherwin-Williams Company (NYSE:SHW) Shares Sold by Montag & Caldwell LLC

Montag & Caldwell LLC lessened its holdings in The Sherwin-Williams Company (NYSE:SHW) by 23.5% in the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 13,596 shares of the specialty chemicals company’s stock after selling 4,168 shares during the quarter. Montag & Caldwell LLC’s holdings in Sherwin-Williams were worth $4,057,000 at the end of the most recent reporting period.

Several other hedge funds have also recently modified their holdings of SHW. Conning Inc. increased its stake in Sherwin-Williams by 1.9% during the 2nd quarter. Conning Inc. now owns 1,606 shares of the specialty chemicals company’s stock valued at $479,000 after purchasing an additional 30 shares in the last quarter. Oxbow Advisors LLC raised its stake in Sherwin-Williams by 4.5% in the 2nd quarter. Oxbow Advisors LLC now owns 690 shares of the specialty chemicals company’s stock worth $206,000 after acquiring an additional 30 shares during the last quarter. Global X Japan Co. Ltd. lifted its position in Sherwin-Williams by 2.2% during the 2nd quarter. Global X Japan Co. Ltd. now owns 1,403 shares of the specialty chemicals company’s stock worth $419,000 after acquiring an additional 30 shares during the period. Optas LLC grew its stake in Sherwin-Williams by 1.3% during the 2nd quarter. Optas LLC now owns 2,424 shares of the specialty chemicals company’s stock valued at $723,000 after purchasing an additional 32 shares during the last quarter. Finally, Capital Advisors Ltd. LLC raised its stake in shares of Sherwin-Williams by 2.9% in the second quarter. Capital Advisors Ltd. LLC now owns 1,173 shares of the specialty chemicals company’s stock worth $350,000 after purchasing an additional 33 shares during the last quarter. Institutional investors and hedge funds own 77.67% of the company’s stock.

Sherwin-Williams Stock Up 0.4 %

NYSE SHW opened at $375.40 on Monday. The Sherwin-Williams Company has a one year low of $232.06 and a one year high of $378.86. 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 business has a fifty day moving average price of $346.75 and a 200 day moving average price of $326.70. The company has a market cap of $94.70 billion, a P/E ratio of 40.02, a P/E/G ratio of 2.94 and a beta of 1.17.

Sherwin-Williams (NYSE:SHW) last posted its quarterly earnings results on Tuesday, July 23rd. The specialty chemicals company reported $3.70 earnings per share for the quarter, topping analysts’ consensus estimates of $3.51 by $0.19. The firm had revenue of $6.27 billion for the quarter, compared to analyst estimates of $6.33 billion. Sherwin-Williams had a net margin of 10.92% and a return on equity of 75.58%. Sherwin-Williams’s quarterly revenue was up .5% on a year-over-year basis. During the same period in the previous year, the business posted $3.29 earnings per share. Research analysts anticipate that The Sherwin-Williams Company will post 11.47 EPS for the current fiscal year.

Sherwin-Williams Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, September 6th. Investors of record on Friday, August 16th were issued a $0.715 dividend. The ex-dividend date of this dividend was Friday, August 16th. This represents a $2.86 annualized dividend and a dividend yield of 0.76%. Sherwin-Williams’s dividend payout ratio is presently 30.49%.

Wall Street Analyst Weigh In

Several equities analysts recently weighed in on SHW shares. Redburn Atlantic upgraded shares of Sherwin-Williams to a “strong-buy” rating in a report on Thursday, July 18th. BMO Capital Markets restated an “outperform” rating and set a $400.00 target price (up from $386.00) on shares of Sherwin-Williams in a research report on Wednesday, September 4th. Wells Fargo & Company boosted their price objective on Sherwin-Williams from $320.00 to $350.00 and gave the company an “equal weight” rating in a report on Wednesday, July 24th. KeyCorp raised their target price on Sherwin-Williams from $400.00 to $410.00 and gave the stock an “overweight” rating in a report on Wednesday, July 24th. Finally, Barclays boosted their price target on Sherwin-Williams from $315.00 to $355.00 and gave the company an “equal weight” rating in a report on Wednesday, July 24th. 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 given a strong buy rating to the company. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $362.68.

Insider Buying and Selling

In other Sherwin-Williams news, CFO Allen J. Mistysyn sold 14,520 shares of the firm’s stock in a transaction on Friday, August 30th. The stock was sold at an average price of $366.83, for a total value of $5,326,371.60. Following the completion of the sale, the chief financial officer now directly owns 63,520 shares of the company’s stock, valued at approximately $23,301,041.60. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.60% of the stock is currently owned by company insiders.

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.