The Sherwin-Williams Company (NYSE:SHW) Shares Sold by Teachers Retirement System of The State of Kentucky

Teachers Retirement System of The State of Kentucky reduced its holdings in shares of The Sherwin-Williams Company (NYSE:SHW) by 6.0% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 41,344 shares of the specialty chemicals company’s stock after selling 2,632 shares during the quarter. Teachers Retirement System of The State of Kentucky’s holdings in Sherwin-Williams were worth $14,054,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds also recently modified their holdings of SHW. Midwest Capital Advisors LLC acquired a new position in shares of Sherwin-Williams during the 4th quarter worth approximately $26,000. Lee Danner & Bass Inc. acquired a new position in shares of Sherwin-Williams in the fourth quarter worth $28,000. Sierra Ocean LLC acquired a new stake in shares of Sherwin-Williams during the fourth quarter valued at $36,000. WR Wealth Planners LLC increased its position in Sherwin-Williams by 41.7% during the 4th quarter. WR Wealth Planners LLC now owns 119 shares of the specialty chemicals company’s stock worth $40,000 after purchasing an additional 35 shares in the last quarter. Finally, AlphaMark Advisors LLC acquired a new position in Sherwin-Williams in the 4th quarter valued at about $41,000. Hedge funds and other institutional investors own 77.67% of the company’s stock.

Insider Transactions at Sherwin-Williams

In other Sherwin-Williams news, insider Colin M. Davie sold 2,799 shares of Sherwin-Williams stock in a transaction that occurred on Thursday, February 27th. The stock was sold at an average price of $360.30, for a total transaction of $1,008,479.70. Following the sale, the insider now directly owns 5,365 shares in the company, valued at $1,933,009.50. The trade was a 34.28 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Corporate insiders own 0.60% of the company’s stock.

Sherwin-Williams Price Performance

Shares of NYSE SHW opened at $322.77 on Tuesday. The company has a debt-to-equity ratio of 2.02, a current ratio of 0.79 and a quick ratio of 0.46. The Sherwin-Williams Company has a 1-year low of $282.09 and a 1-year high of $400.42. The company has a market capitalization of $81.18 billion, a price-to-earnings ratio of 30.59, a PEG ratio of 2.98 and a beta of 1.26. The business has a 50-day moving average of $344.13 and a 200-day moving average of $358.32.

Sherwin-Williams (NYSE:SHW) last issued its quarterly earnings data on Thursday, January 30th. The specialty chemicals company reported $2.09 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.07 by $0.02. Sherwin-Williams had a net margin of 11.61% and a return on equity of 74.50%. During the same period in the prior year, the business earned $1.81 earnings per share. On average, equities analysts anticipate that The Sherwin-Williams Company will post 12 EPS for the current fiscal year.

Sherwin-Williams Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, June 6th. Stockholders of record on Friday, May 16th will be paid a dividend of $0.79 per share. The ex-dividend date of this dividend is Friday, May 16th. This represents a $3.16 annualized dividend and a dividend yield of 0.98%. Sherwin-Williams’s dividend payout ratio is presently 29.95%.

Wall Street Analyst Weigh In

SHW has been the topic of several analyst reports. Wells Fargo & Company decreased their price target on shares of Sherwin-Williams from $380.00 to $350.00 and set an “equal weight” rating on the stock in a research note on Wednesday, April 9th. Jefferies Financial Group reaffirmed a “hold” rating and issued a $380.00 target price (down from $423.00) on shares of Sherwin-Williams in a research note on Monday, March 10th. Royal Bank of Canada reduced their price target on Sherwin-Williams from $438.00 to $415.00 and set an “outperform” rating on the stock in a research note on Monday, February 3rd. UBS Group decreased their price objective on Sherwin-Williams from $430.00 to $400.00 and set a “buy” rating on the stock in a report on Monday, April 7th. Finally, Citigroup dropped their target price on Sherwin-Williams from $423.00 to $375.00 and set a “buy” rating for the company in a research note on Tuesday, April 8th. Six analysts have rated the stock with a hold rating, eleven have assigned a buy rating and two have given a strong buy rating to the company. According to data from MarketBeat.com, Sherwin-Williams currently has a consensus rating of “Moderate Buy” and a consensus price target of $392.50.

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.