Gulf International Bank UK Ltd Decreases Holdings in The Sherwin-Williams Company (NYSE:SHW)

Gulf International Bank UK Ltd decreased its position in The Sherwin-Williams Company (NYSE:SHW) by 26.0% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 13,678 shares of the specialty chemicals company’s stock after selling 4,795 shares during the quarter. Gulf International Bank UK Ltd’s holdings in Sherwin-Williams were worth $4,776,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also bought and sold shares of the company. Vanguard Group Inc. lifted its stake in shares of Sherwin-Williams by 1.1% in the 1st quarter. Vanguard Group Inc. now owns 22,082,544 shares of the specialty chemicals company’s stock valued at $7,711,004,000 after purchasing an additional 245,896 shares during the period. Capital Research Global Investors raised its stake in shares of Sherwin-Williams by 47.1% in the fourth quarter. Capital Research Global Investors now owns 2,998,647 shares of the specialty chemicals company’s stock worth $1,019,329,000 after purchasing an additional 960,724 shares during the last quarter. Northern Trust Corp raised its stake in shares of Sherwin-Williams by 28.0% in the fourth quarter. Northern Trust Corp now owns 2,725,827 shares of the specialty chemicals company’s stock worth $926,590,000 after purchasing an additional 595,586 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its stake in shares of Sherwin-Williams by 6.5% in the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 1,826,498 shares of the specialty chemicals company’s stock worth $620,881,000 after purchasing an additional 111,128 shares during the last quarter. Finally, GAMMA Investing LLC increased its position in Sherwin-Williams by 41,717.1% during the first quarter. GAMMA Investing LLC now owns 1,636,304 shares of the specialty chemicals company’s stock valued at $571,381,000 after acquiring an additional 1,632,391 shares during the last quarter. Hedge funds and other institutional investors own 77.67% of the company’s stock.

Insider Transactions at Sherwin-Williams

In other Sherwin-Williams news, CAO James P. Lang sold 860 shares of the company’s stock in a transaction that occurred on Wednesday, August 6th. The stock was sold at an average price of $350.35, for a total transaction of $301,301.00. Following the sale, the chief accounting officer directly owned 377 shares in the company, valued at $132,081.95. This represents a 69.52% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this link. 0.60% of the stock is currently owned by company insiders.

Sherwin-Williams Trading Up 3.1%

Shares of SHW stock opened at $369.35 on Thursday. The Sherwin-Williams Company has a 1 year low of $308.84 and a 1 year high of $400.42. The company has a debt-to-equity ratio of 1.78, a current ratio of 0.78 and a quick ratio of 0.48. The stock’s 50 day simple moving average is $345.71 and its two-hundred day simple moving average is $347.99. The company has a market cap of $92.09 billion, a PE ratio of 36.64, a price-to-earnings-growth ratio of 3.38 and a beta of 1.16.

Sherwin-Williams (NYSE:SHW) last issued its quarterly earnings data on Tuesday, July 22nd. The specialty chemicals company reported $3.38 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $3.76 by ($0.38). Sherwin-Williams had a net margin of 11.03% and a return on equity of 66.91%. The company had revenue of $6.31 billion for the quarter, compared to analysts’ expectations of $6.31 billion. During the same quarter last year, the company earned $3.70 earnings per share. The company’s revenue for the quarter was up .6% on a year-over-year basis. Research analysts predict that The Sherwin-Williams Company will post 12 earnings per share for the current year.

Sherwin-Williams Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, September 5th. Shareholders of record on Friday, August 15th will be given a dividend of $0.79 per share. The ex-dividend date is Friday, August 15th. This represents a $3.16 dividend on an annualized basis and a yield of 0.9%. Sherwin-Williams’s dividend payout ratio is 31.35%.

Analyst Upgrades and Downgrades

A number of research firms recently commented on SHW. Loop Capital reduced their price objective on Sherwin-Williams from $395.00 to $380.00 and set a “buy” rating for the company in a research report on Wednesday, July 23rd. BMO Capital Markets dropped their price objective on Sherwin-Williams from $405.00 to $391.00 and set an “outperform” rating for the company in a research note on Wednesday, July 23rd. UBS Group dropped their price objective on Sherwin-Williams from $410.00 to $395.00 and set a “buy” rating for the company in a research note on Wednesday, July 23rd. Citigroup dropped their price objective on Sherwin-Williams from $385.00 to $375.00 and set a “neutral” rating for the company in a research note on Wednesday, July 23rd. Finally, Morgan Stanley dropped their price objective on Sherwin-Williams from $405.00 to $385.00 and set an “overweight” rating for the company in a research note on Tuesday, April 22nd. One equities research analyst has rated the stock with a sell rating, six have given a hold rating, ten have given a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $383.33.

Sherwin-Williams Company 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.