Sherwin-Williams Co (SHW) Position Trimmed by Oregon Public Employees Retirement Fund
Oregon Public Employees Retirement Fund reduced its position in Sherwin-Williams Co (NYSE:SHW) by 75.5% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 8,918 shares of the specialty chemicals company’s stock after selling 27,421 shares during the quarter. Oregon Public Employees Retirement Fund’s holdings in Sherwin-Williams were worth $3,635,000 as of its most recent SEC filing.
A number of other institutional investors have also recently bought and sold shares of SHW. Summit Trail Advisors LLC raised its position in Sherwin-Williams by 37,388.4% in the 1st quarter. Summit Trail Advisors LLC now owns 113,215 shares of the specialty chemicals company’s stock worth $113,000 after purchasing an additional 112,913 shares during the period. BTIM Corp. purchased a new position in shares of Sherwin-Williams during the second quarter worth approximately $201,000. Cumberland Partners Ltd purchased a new position in shares of Sherwin-Williams during the second quarter worth approximately $203,000. New England Research & Management Inc. purchased a new position in shares of Sherwin-Williams during the second quarter worth approximately $204,000. Finally, S. R. Schill & Associates purchased a new position in shares of Sherwin-Williams during the second quarter worth approximately $204,000. 78.94% of the stock is currently owned by institutional investors.
SHW has been the topic of a number of research reports. Zacks Investment Research lowered shares of Sherwin-Williams from a “buy” rating to a “hold” rating in a research report on Tuesday, July 31st. Jefferies Financial Group reaffirmed a “hold” rating and set a $465.00 target price on shares of Sherwin-Williams in a research report on Wednesday, July 25th. Bank of America raised their target price on shares of Sherwin-Williams from $470.00 to $500.00 and gave the stock a “buy” rating in a research report on Wednesday, July 25th. Credit Suisse Group set a $457.00 target price on shares of Sherwin-Williams and gave the stock a “buy” rating in a research report on Tuesday, July 3rd. Finally, Seaport Global Securities reaffirmed a “buy” rating and set a $475.00 target price on shares of Sherwin-Williams in a research report on Friday, July 27th. Nine analysts have rated the stock with a hold rating, fifteen have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Sherwin-Williams has a consensus rating of “Buy” and a consensus price target of $461.60.
Shares of SHW stock opened at $462.52 on Monday. The company has a market cap of $43.19 billion, a P/E ratio of 32.41, a price-to-earnings-growth ratio of 2.01 and a beta of 1.24. The company has a debt-to-equity ratio of 2.59, a quick ratio of 0.75 and a current ratio of 1.20. Sherwin-Williams Co has a 52-week low of $336.27 and a 52-week high of $465.75.
Sherwin-Williams (NYSE:SHW) last issued its quarterly earnings data on Tuesday, July 24th. The specialty chemicals company reported $5.73 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $5.59 by $0.14. The company had revenue of $4.77 billion for the quarter, compared to analyst estimates of $4.65 billion. Sherwin-Williams had a net margin of 10.84% and a return on equity of 46.68%. Sherwin-Williams’s revenue was up 27.8% compared to the same quarter last year. During the same period last year, the company posted $4.52 earnings per share. sell-side analysts anticipate that Sherwin-Williams Co will post 19.3 earnings per share for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which was paid on Friday, September 7th. Investors of record on Friday, August 17th were issued a dividend of $0.86 per share. This represents a $3.44 annualized dividend and a yield of 0.74%. The ex-dividend date was Thursday, August 16th. Sherwin-Williams’s payout ratio is 24.11%.
The Sherwin-Williams Company develops, manufactures, distributes, and sells paints, coatings, and related products to professional, industrial, commercial, and retail customers primarily in North and South America, the Caribbean, Europe, Asia, and Australia. The company operates in three segments: The Americas Group, Consumer Brands Group, and Performance Coatings Group.
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