California State Teachers Retirement System lowered its stake in shares of Sherwin-Williams Co (NYSE:SHW) by 8.7% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 140,027 shares of the specialty chemicals company’s stock after selling 13,264 shares during the period. California State Teachers Retirement System owned 0.15% of Sherwin-Williams worth $50,135,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors also recently added to or reduced their stakes in the company. Alps Advisors Inc. raised its position in shares of Sherwin-Williams by 0.3% during the second quarter. Alps Advisors Inc. now owns 1,544 shares of the specialty chemicals company’s stock valued at $542,000 after buying an additional 4 shares during the last quarter. BRYN MAWR TRUST Co increased its position in Sherwin-Williams by 0.7% in the second quarter. BRYN MAWR TRUST Co now owns 1,030 shares of the specialty chemicals company’s stock worth $361,000 after purchasing an additional 7 shares during the last quarter. Sequoia Financial Advisors LLC increased its position in Sherwin-Williams by 0.9% in the second quarter. Sequoia Financial Advisors LLC now owns 3,032 shares of the specialty chemicals company’s stock worth $1,064,000 after purchasing an additional 28 shares during the last quarter. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA increased its position in Sherwin-Williams by 7.3% in the second quarter. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA now owns 429 shares of the specialty chemicals company’s stock worth $145,000 after purchasing an additional 29 shares during the last quarter. Finally, Ameritas Investment Partners Inc. increased its position in Sherwin-Williams by 0.9% in the second quarter. Ameritas Investment Partners Inc. now owns 3,372 shares of the specialty chemicals company’s stock worth $1,182,000 after purchasing an additional 30 shares during the last quarter. Hedge funds and other institutional investors own 75.98% of the company’s stock.

Several equities research analysts recently weighed in on SHW shares. KeyCorp restated a “buy” rating and issued a $415.00 price target on shares of Sherwin-Williams in a research report on Sunday, September 3rd. Wells Fargo & Company restated a “market perform” rating and issued a $400.00 price target (up previously from $360.00) on shares of Sherwin-Williams in a research report on Wednesday, October 25th. UBS boosted their price target on shares of Sherwin-Williams from $375.00 to $395.00 and gave the stock a “neutral” rating in a research report on Wednesday, October 25th. Citigroup boosted their price target on shares of Sherwin-Williams from $405.00 to $442.00 and gave the stock a “buy” rating in a research report on Wednesday, October 25th. Finally, Robert W. Baird restated a “buy” rating and issued a $375.00 price target on shares of Sherwin-Williams in a research report on Friday, September 1st. Two equities research analysts have rated the stock with a sell rating, seven have given a hold rating and twelve have assigned a buy rating to the company. Sherwin-Williams presently has a consensus rating of “Hold” and a consensus price target of $404.10.

In other news, insider Joel D. Baxter sold 2,376 shares of the business’s stock in a transaction on Monday, November 20th. The shares were sold at an average price of $389.26, for a total transaction of $924,881.76. Following the completion of the sale, the insider now directly owns 3,302 shares of the company’s stock, valued at $1,285,336.52. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, SVP Robert J. Wells sold 2,946 shares of the business’s stock in a transaction on Monday, December 4th. The shares were sold at an average price of $409.11, for a total transaction of $1,205,238.06. Following the sale, the senior vice president now directly owns 18,363 shares of the company’s stock, valued at $7,512,486.93. The disclosure for this sale can be found here. Insiders have sold 15,122 shares of company stock valued at $5,969,846 over the last ninety days. 1.69% of the stock is owned by insiders.

Sherwin-Williams Co (NYSE SHW) traded down $5.22 during midday trading on Friday, reaching $400.23. 445,400 shares of the company’s stock traded hands, compared to its average volume of 625,941. The company has a debt-to-equity ratio of 3.68, a current ratio of 1.07 and a quick ratio of 0.68. The stock has a market capitalization of $37,915.22, a price-to-earnings ratio of 29.21, a price-to-earnings-growth ratio of 2.26 and a beta of 1.22. Sherwin-Williams Co has a 52 week low of $265.14 and a 52 week high of $413.98.

Sherwin-Williams (NYSE:SHW) last posted its quarterly earnings data on Tuesday, October 24th. The specialty chemicals company reported $4.75 EPS for the quarter, topping the consensus estimate of $4.70 by $0.05. The company had revenue of $4.51 billion during the quarter, compared to analyst estimates of $4.45 billion. Sherwin-Williams had a net margin of 7.82% and a return on equity of 58.02%. Sherwin-Williams’s quarterly revenue was up 37.4% compared to the same quarter last year. During the same period in the previous year, the firm earned $4.23 earnings per share. research analysts anticipate that Sherwin-Williams Co will post 15.04 EPS for the current fiscal year.

The company also recently disclosed a quarterly dividend, which was paid on Friday, December 8th. Shareholders of record on Friday, November 17th were paid a dividend of $0.85 per share. This represents a $3.40 annualized dividend and a yield of 0.85%. The ex-dividend date of this dividend was Thursday, November 16th. Sherwin-Williams’s payout ratio is 29.90%.

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About Sherwin-Williams

The Sherwin-Williams Company (Sherwin-Williams) is engaged in the development, manufacture, distribution and sale of paint, coatings and related products. The Company’s segments are Paint Stores Group, Consumer Group, Global Finishes Group, Latin America Coatings Group and Administrative. The Paint Stores Group markets and sells Sherwin-Williams branded architectural paint and coatings, protective and marine products, original equipment manufacturer (OEM) product finishes and related items.

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Institutional Ownership by Quarter for Sherwin-Williams (NYSE:SHW)

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