New Mexico Educational Retirement Board cut its position in Sherwin-Williams Company (The) (NYSE:SHW) by 8.5% during the second quarter, Holdings Channel reports. The firm owned 7,521 shares of the specialty chemicals company’s stock after selling 700 shares during the period. New Mexico Educational Retirement Board’s holdings in Sherwin-Williams Company (The) were worth $2,537,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of SHW. Alpha Cubed Investments LLC increased its position in Sherwin-Williams Company (The) by 18.2% in the first quarter. Alpha Cubed Investments LLC now owns 2,569 shares of the specialty chemicals company’s stock worth $797,000 after buying an additional 395 shares during the period. Fairfax Financial Holdings Ltd Can purchased a new position in Sherwin-Williams Company (The) during the first quarter worth approximately $212,000. Rockland Trust Co. increased its position in Sherwin-Williams Company (The) by 1.6% in the first quarter. Rockland Trust Co. now owns 31,600 shares of the specialty chemicals company’s stock worth $9,802,000 after buying an additional 493 shares during the period. WealthTrust Fairport LLC increased its position in Sherwin-Williams Company (The) by 0.7% in the first quarter. WealthTrust Fairport LLC now owns 18,341 shares of the specialty chemicals company’s stock worth $5,689,000 after buying an additional 134 shares during the period. Finally, BP PLC increased its position in Sherwin-Williams Company (The) by 140.0% in the first quarter. BP PLC now owns 9,600 shares of the specialty chemicals company’s stock worth $2,977,000 after buying an additional 5,600 shares during the period. Institutional investors and hedge funds own 72.92% of the company’s stock.

Sherwin-Williams Company (NYSE:SHW) opened at 335.68 on Thursday. The company has a market cap of $31.16 billion, a PE ratio of 27.67 and a beta of 1.23. Sherwin-Williams Company has a one year low of $239.48 and a one year high of $362.57. The firm has a 50-day moving average of $349.54 and a 200-day moving average of $327.94.

Sherwin-Williams Company (The) (NYSE:SHW) last posted its earnings results on Thursday, July 20th. The specialty chemicals company reported $4.52 earnings per share for the quarter, missing the Zacks’ consensus estimate of $4.54 by $0.02. The business had revenue of $3.74 billion during the quarter, compared to the consensus estimate of $3.83 billion. Sherwin-Williams Company (The) had a net margin of 9.14% and a return on equity of 63.81%. The business’s revenue was up 16.0% compared to the same quarter last year. During the same period in the previous year, the firm earned $4.06 EPS. On average, analysts predict that Sherwin-Williams Company will post $15.00 EPS for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Friday, September 8th. Investors of record on Friday, August 18th will be paid a $0.85 dividend. The ex-dividend date is Wednesday, August 16th. This represents a $3.40 dividend on an annualized basis and a yield of 1.01%. Sherwin-Williams Company (The)’s payout ratio is currently 28.05%.

TRADEMARK VIOLATION WARNING: This report was posted by Watch List News and is the property of of Watch List News. If you are reading this report on another site, it was copied illegally and republished in violation of United States & international copyright and trademark law. The original version of this report can be viewed at https://www.watchlistnews.com/sherwin-williams-company-the-shw-position-decreased-by-new-mexico-educational-retirement-board/1469400.html.

A number of equities analysts recently commented on SHW shares. Citigroup Inc. reiterated a “buy” rating and issued a $410.00 price target on shares of Sherwin-Williams Company (The) in a research note on Friday, June 23rd. Credit Suisse Group set a $344.00 price target on Sherwin-Williams Company (The) and gave the stock a “buy” rating in a research note on Thursday, April 20th. BidaskClub downgraded Sherwin-Williams Company (The) from a “hold” rating to a “sell” rating in a research note on Tuesday, August 1st. Jefferies Group LLC started coverage on Sherwin-Williams Company (The) in a research note on Friday, May 26th. They issued a “hold” rating and a $364.00 price target for the company. Finally, Zacks Investment Research downgraded Sherwin-Williams Company (The) from a “buy” rating to a “hold” rating in a research note on Monday, May 22nd. Two research analysts have rated the stock with a sell rating, eight have given a hold rating and thirteen have assigned a buy rating to the company. Sherwin-Williams Company (The) has a consensus rating of “Hold” and an average target price of $360.10.

In related news, insider Joel D. Baxter sold 5,470 shares of the company’s stock in a transaction dated Monday, May 15th. The shares were sold at an average price of $335.50, for a total value of $1,835,185.00. Following the sale, the insider now owns 8,523 shares of the company’s stock, valued at $2,859,466.50. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Insiders own 1.69% of the company’s stock.

About Sherwin-Williams Company (The)

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.

Want to see what other hedge funds are holding SHW? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Sherwin-Williams Company (The) (NYSE:SHW).

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

Receive News & Ratings for Sherwin-Williams Company (The) Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Sherwin-Williams Company (The) and related companies with Analyst Ratings Network's FREE daily email newsletter.