The Sherwin-Williams Company (NYSE:SHW) Shares Sold by Whittier Trust Co. of Nevada Inc.

Whittier Trust Co. of Nevada Inc. trimmed its holdings in The Sherwin-Williams Company (NYSE:SHW) by 2.6% in the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 15,487 shares of the specialty chemicals company’s stock after selling 414 shares during the quarter. Whittier Trust Co. of Nevada Inc.’s holdings in Sherwin-Williams were worth $4,622,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in SHW. Vanguard Group Inc. boosted its holdings in shares of Sherwin-Williams by 0.9% in the 1st quarter. Vanguard Group Inc. now owns 21,620,939 shares of the specialty chemicals company’s stock valued at $7,509,601,000 after buying an additional 184,979 shares in the last quarter. Capital World Investors grew its holdings in shares of Sherwin-Williams by 38.9% during the fourth quarter. Capital World Investors now owns 3,840,789 shares of the specialty chemicals company’s stock worth $1,197,952,000 after purchasing an additional 1,075,351 shares during the last quarter. Norges Bank acquired a new stake in shares of Sherwin-Williams during the fourth quarter worth about $1,176,356,000. Clearbridge Investments LLC increased its position in shares of Sherwin-Williams by 4.4% during the fourth quarter. Clearbridge Investments LLC now owns 2,779,294 shares of the specialty chemicals company’s stock worth $866,862,000 after purchasing an additional 116,647 shares in the last quarter. Finally, Capital Research Global Investors lifted its holdings in shares of Sherwin-Williams by 2.3% in the 4th quarter. Capital Research Global Investors now owns 2,536,096 shares of the specialty chemicals company’s stock valued at $791,008,000 after purchasing an additional 56,161 shares during the last quarter. 77.67% of the stock is owned by institutional investors and hedge funds.

Sherwin-Williams Trading Up 0.2 %

Shares of SHW traded up $0.80 on Thursday, hitting $362.50. 296,389 shares of the stock traded hands, compared to its average volume of 1,608,700. The firm has a market capitalization of $91.91 billion, a P/E ratio of 38.66, a P/E/G ratio of 2.79 and a beta of 1.16. The company has a quick ratio of 0.50, a current ratio of 0.81 and a debt-to-equity ratio of 2.17. The Sherwin-Williams Company has a 1 year low of $232.06 and a 1 year high of $363.13. The stock’s 50 day moving average is $328.87 and its two-hundred day moving average is $322.07.

Sherwin-Williams (NYSE:SHW) last released its earnings results on Tuesday, July 23rd. The specialty chemicals company reported $3.70 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.51 by $0.19. The business had revenue of $6.27 billion for the quarter, compared to analysts’ expectations of $6.33 billion. Sherwin-Williams had a net margin of 10.92% and a return on equity of 75.58%. The company’s quarterly revenue was up .5% on a year-over-year basis. During the same period last year, the company earned $3.29 earnings per share. As a group, sell-side analysts predict that The Sherwin-Williams Company will post 11.44 earnings per share for the current year.

Sherwin-Williams Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, September 6th. Stockholders of record on Friday, August 16th will be issued a dividend of $0.715 per share. This represents a $2.86 dividend on an annualized basis and a dividend yield of 0.79%. The ex-dividend date is Friday, August 16th. Sherwin-Williams’s payout ratio is currently 30.49%.

Wall Street Analyst Weigh In

Several research analysts have commented on the company. Redburn Atlantic raised Sherwin-Williams to a “strong-buy” rating in a research report on Thursday, July 18th. Royal Bank of Canada upped their price target on shares of Sherwin-Williams from $370.00 to $418.00 and gave the company an “outperform” rating in a research report on Wednesday, July 24th. KeyCorp increased their price target on shares of Sherwin-Williams from $400.00 to $410.00 and gave the stock an “overweight” rating in a research note on Wednesday, July 24th. UBS Group dropped their price objective on shares of Sherwin-Williams from $385.00 to $355.00 and set a “buy” rating on the stock in a research note on Tuesday, July 9th. Finally, Morgan Stanley increased their target price on shares of Sherwin-Williams from $338.00 to $375.00 and gave the stock an “overweight” rating in a research note on Wednesday, July 24th. One investment analyst has rated the stock with a sell rating, seven have given a hold rating, fourteen have assigned a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, Sherwin-Williams has an average rating of “Moderate Buy” and an average target price of $358.16.

Sherwin-Williams 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.