California State Teachers Retirement System raised its holdings in shares of The Sherwin-Williams Company (NYSE: SHW – Get Rating) by 2.5% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 447,689 shares of the specialty chemicals company stock after purchasing an additional 10,829 shares during the period. California State Teachers Retirement System’s holdings in Sherwin-Williams were worth $ 157,658,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors have also made changes to their positions in SHW. Capital International Investors increased its stake in shares of Sherwin-Williams by 97.3% during the fourth quarter. Capital International Investors now owns 3,375,591 shares of the specialty chemicals company stock valued at $ 1,188,688,000 after purchasing an additional 1,664,485 shares in the last quarter. Morgan Stanley grew its holdings in shares of Sherwin-Williams by 123.4% during the second quarter. Morgan Stanley now owns 2,950,247 shares of the specialty chemicals company stock valued at $ 803,794,000 after buying an additional 1,629,745 shares during the last quarter. EP Wealth Advisors LLC grew its holdings in shares of Sherwin-Williams by 42,179.0% during the third quarter. EP Wealth Advisors LLC now owns 1,076,000 shares of the specialty chemicals company stock valued at $ 707,000 after buying an additional 1,073,455 shares during the last quarter. Brown Advisory Inc. grew its holdings in shares of Sherwin-Williams by 24.6% during the fourth quarter. Brown Advisory Inc. now owns 3,232,806 shares of the specialty chemicals company stock valued at $ 1,138,465,000 after buying an additional 639,285 shares during the last quarter. Finally, Allspring Global Investments Holdings LLC purchased a new stake in shares of Sherwin-Williams during the fourth quarter valued at approximately $ 218,305,000. 77.35% of the stock is owned by institutional investors and hedge funds.
In other news, insider Justin T. Binns sold 1,542 shares of the business’s stock in a transaction dated Monday, May 23rd. The shares were sold at an average price of $ 259.99, for a total value of $ 400,904.58. Following the sale, the insider now directly owns 6,877 shares in the company, valued at approximately $ 1,787,951.23. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Insiders own 0.48% of the company stock.
Shares of NYSE SHW opened at $ 229.48 on Wednesday. The company has a debt-to-equity ratio of 3.85, a quick ratio of 0.54 and a current ratio of 0.88. The company has a market cap of $ 59.69 billion, a P / E ratio of 33.45, a P / E / G ratio of 1.98 and a beta of 1.00. The firm’s fifty day moving average is $ 263.92 and its two-hundred day moving average is $ 283.02. The Sherwin-Williams Company has a 52-week low of $ 226.94 and a 52-week high of $ 354.15.
Sherwin-Williams (NYSE: SHW – Get Rating) last announced its quarterly earnings results on Tuesday, April 26th. The specialty chemicals company reported $ 1.61 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $ 1.54 by $ 0.07. The company had revenue of $ 5 billion for the quarter, compared to the estimate consensus of $ 4.92 billion. Sherwin-Williams had a net margin of 9.00% and a return on equity of 80.22%. Sherwin-Williams’s revenue for the quarter was up 7.4% compared to the same quarter last year. During the same period in the previous year, the firm posted $ 2.06 EPS. As a group, analysts forecast that The Sherwin-Williams Company will post 9.48 EPS for the current fiscal year.
The firm also recently announced a quarterly dividend, which was paid on Friday, June 3rd. Stockholders of record on Friday, May 20th were issued a $ 0.60 dividend. The ex-dividend date was Thursday, May 19th. This represents a $ 2.40 dividend on an annualized basis and a dividend yield of 1.05%. Sherwin-Williams’s dividend payout ratio (DPR) is presently 34.99%.
Several equities research analysts recently issued reports on the stock. Bank of America upgraded shares of Sherwin-Williams from a “neutral” rating to a “buy” rating and dropped their target price for the stock from $ 325.00 to $ 296.00 in a report on Tuesday, March 22nd. Jefferies Financial Group dropped their target price on shares of Sherwin-Williams from $ 320.00 to $ 275.00 and set a “hold” rating on the stock in a report on Wednesday, March 9th. TheStreet upgraded shares of Sherwin-Williams from a “c +” rating to a “b-” rating in a report on Monday, May 2nd. Credit Suisse Group started coverage on shares of Sherwin-Williams in a research note on Tuesday, May 31st. They set an “underperform” rating and a $ 245.00 price target on the stock. Finally, StockNews.com started coverage on shares of Sherwin-Williams in a research note on Thursday, March 31st. They set a “hold” rating on the stock. One analyst has rated the stock with a sell rating, eleven have assigned a hold rating and nine have assigned a buy rating to the company. According to data from MarketBeat.com, Sherwin-Williams presently has a consensus rating of “Hold” and an average price target of $ 319.79.
About Sherwin-Williams: (Get Rating)
The Sherwin-Williams Company develops, manufactures, distributes, and sells paints, coatings, and related products to professional, industrial, commercial, and retail customers. It operates through three segments: The Americas Group, Consumer Brands Group, and Performance Coatings Group. The Americas Group segment offers architectural paints and coatings, and protective and marine products, as well as OEM product finishes and related products for architectural and industrial paint contractors, and do-it-yourself homeowners.
Want to see what other hedge funds are holding SHW? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for The Sherwin-Williams Company (NYSE: SHW – Get Rating).
Receive News & Ratings for Sherwin-Williams Daily: – Enter your email address below to receive a concise daily summary of the latest news and analysts’ ratings for Sherwin-Williams and related companies with MarketBeat.com’s FREE daily email newsletter.