Teacher Retirement System of Texas decreased its stake in shares of Sherwin-Williams Company (The) (NYSE:SHW) by 0.3% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 69,586 shares of the specialty chemicals company’s stock after selling 231 shares during the period. Teacher Retirement System of Texas’ holdings in Sherwin-Williams Company (The) were worth $24,422,000 at the end of the most recent reporting period.

Other institutional investors have also modified their holdings of the company. American Beacon Advisors Inc. acquired a new position in shares of Sherwin-Williams Company (The) during the first quarter valued at about $106,000. Barometer Capital Management Inc. acquired a new position in shares of Sherwin-Williams Company (The) during the first quarter valued at about $124,000. Financial Architects Inc raised its position in shares of Sherwin-Williams Company (The) by 218.4% in the first quarter. Financial Architects Inc now owns 433 shares of the specialty chemicals company’s stock valued at $134,000 after buying an additional 297 shares during the last quarter. State of Alaska Department of Revenue acquired a new position in shares of Sherwin-Williams Company (The) during the first quarter valued at about $139,000. Finally, Parallel Advisors LLC raised its position in shares of Sherwin-Williams Company (The) by 2.6% in the first quarter. Parallel Advisors LLC now owns 432 shares of the specialty chemicals company’s stock valued at $144,000 after buying an additional 11 shares during the last quarter. 72.92% of the stock is currently owned by institutional investors.

Shares of Sherwin-Williams Company (NYSE SHW) opened at 331.88 on Friday. Sherwin-Williams Company has a 1-year low of $239.48 and a 1-year high of $362.57. The firm has a market capitalization of $30.81 billion, a P/E ratio of 27.36 and a beta of 1.23. The stock’s 50 day moving average is $348.21 and its 200 day moving average is $328.31.

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

The business also recently announced a quarterly dividend, which will be paid on Friday, September 8th. Investors of record on Friday, August 18th will be given a $0.85 dividend. This represents a $3.40 dividend on an annualized basis and a dividend yield of 1.02%. The ex-dividend date of this dividend is Wednesday, August 16th. Sherwin-Williams Company (The)’s dividend payout ratio (DPR) is 28.05%.

WARNING: This piece was first published by Daily Political and is the property of of Daily Political. If you are viewing this piece on another site, it was stolen and republished in violation of U.S. & international copyright & trademark legislation. The legal version of this piece can be viewed at https://www.dailypolitical.com/2017/08/12/teacher-retirement-system-of-texas-lowers-position-in-sherwin-williams-company-the-shw.html.

Several brokerages recently issued reports on SHW. UBS AG reissued a “neutral” rating and set a $341.00 price objective (up from $312.00) on shares of Sherwin-Williams Company (The) in a report on Tuesday, June 6th. Credit Suisse Group raised shares of Sherwin-Williams Company (The) to a “buy” rating and set a $375.00 price objective on the stock in a report on Sunday, July 23rd. Citigroup Inc. reissued a “buy” rating and set a $410.00 price objective on shares of Sherwin-Williams Company (The) in a report on Friday, June 23rd. BidaskClub lowered shares of Sherwin-Williams Company (The) from a “strong-buy” rating to a “buy” rating in a report on Saturday, July 1st. Finally, Barclays PLC lifted their price objective on shares of Sherwin-Williams Company (The) from $310.00 to $335.00 and gave the company an “equal weight” rating in a report on Monday, April 24th. Two investment analysts have rated the stock with a sell rating, eight have assigned a hold rating and thirteen have issued a buy rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus target price of $360.10.

In related news, insider Joel D. Baxter sold 5,470 shares of the stock in a transaction on 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 transaction, the insider now directly owns 8,523 shares of the company’s stock, valued at approximately $2,859,466.50. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Company insiders own 1.69% of the company’s stock.

Sherwin-Williams Company (The) Company Profile

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 MarketBeat.com's FREE daily email newsletter.