The Sherwin-Williams Company $SHW Stock Bought by PBU The Pension Fund of Early Childhood & Youth Educators

PBU The Pension Fund of Early Childhood & Youth Educators grew its stake in The Sherwin-Williams Company (NYSE:SHW) by 4.0% during the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 89,006 shares of the specialty chemicals company’s stock after acquiring an additional 3,415 shares during the quarter. PBU The Pension Fund of Early Childhood & Youth Educators’ holdings in Sherwin-Williams were worth $28,773,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also made changes to their positions in the stock. BlackRock Inc. acquired a new position in Sherwin-Williams in the 2nd quarter valued at about $6,100,083,000. Wellington Management Group LLP boosted its stake in shares of Sherwin-Williams by 133.7% during the 2nd quarter. Wellington Management Group LLP now owns 2,784,679 shares of the specialty chemicals company’s stock worth $958,821,000 after purchasing an additional 1,593,009 shares during the last quarter. Amundi grew its holdings in shares of Sherwin-Williams by 20.6% during the first quarter. Amundi now owns 2,200,895 shares of the specialty chemicals company’s stock worth $705,497,000 after buying an additional 376,505 shares in the last quarter. Bank of New York Mellon Corp purchased a new stake in shares of Sherwin-Williams during the second quarter worth about $547,097,000. Finally, Legal & General Group Plc acquired a new position in shares of Sherwin-Williams in the second quarter valued at approximately $459,652,000. 77.67% of the stock is currently owned by hedge funds and other institutional investors.

Sherwin-Williams Price Performance

SHW stock opened at $350.81 on Friday. The company has a market cap of $84.75 billion, a PE ratio of 32.24, a price-to-earnings-growth ratio of 2.96 and a beta of 1.05. The company has a current ratio of 0.71, a quick ratio of 0.45 and a debt-to-equity ratio of 2.00. The stock has a 50-day moving average price of $331.16 and a two-hundred day moving average price of $333.11. The Sherwin-Williams Company has a 12-month low of $289.86 and a 12-month high of $377.77.

Sherwin-Williams (NYSE:SHW) last released its quarterly earnings data on Tuesday, October 27th. The specialty chemicals company reported $3.63 EPS for the quarter, missing analysts’ consensus estimates of $3.69 by ($0.06). The firm had revenue of $6.86 billion during the quarter, compared to analysts’ expectations of $6.78 billion. Sherwin-Williams had a return on equity of 69.51% and a net margin of 10.74%. The business’s revenue for the quarter was up 7.9% compared to the same quarter last year. During the same quarter last year, the business earned $3.59 earnings per share. As a group, research analysts predict that The Sherwin-Williams Company will post 12.02 EPS for the current year.

Sherwin-Williams Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, December 4th. Investors of record on Friday, November 13th will be issued a $0.80 dividend. The ex-dividend date is Friday, November 13th. This represents a $3.20 annualized dividend and a yield of 0.9%. Sherwin-Williams’s dividend payout ratio (DPR) is presently 29.41%.

Insider Transactions at Sherwin-Williams

In other Sherwin-Williams news, insider Justin T. Binns sold 13,500 shares of Sherwin-Williams stock in a transaction that occurred on Monday, August 17th. The shares were sold at an average price of $352.70, for a total transaction of $4,761,450.00. Following the transaction, the insider directly owned 21,937 shares of the company’s stock, valued at $7,737,179.90. The trade was a 38.10% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, SVP James R. Jaye sold 2,301 shares of Sherwin-Williams stock in a transaction that occurred on Tuesday, November 3rd. The shares were sold at an average price of $345.56, for a total transaction of $795,133.56. Following the transaction, the senior vice president directly owned 6,936 shares in the company, valued at approximately $2,396,804.16. This trade represents a 24.91% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold a total of 22,315 shares of company stock valued at $7,848,071 in the last three months. 0.23% of the stock is owned by company insiders.

Analysts Set New Price Targets

Several brokerages recently issued reports on SHW. Citigroup reduced their price objective on shares of Sherwin-Williams from $400.00 to $370.00 and set a “buy” rating on the stock in a research note on Thursday, October 29th. Royal Bank Of Canada lowered their target price on shares of Sherwin-Williams from $392.00 to $383.00 and set an “outperform” rating for the company in a research note on Thursday, October 29th. UBS Group reiterated a “neutral” rating and issued a $370.00 price target (up from $363.00) on shares of Sherwin-Williams in a report on Wednesday, October 28th. BMO Capital Markets reiterated an “outperform” rating on shares of Sherwin-Williams in a report on Monday, September 28th. Finally, Mizuho set a $396.00 price target on Sherwin-Williams and gave the stock an “outperform” rating in a research note on Thursday, September 24th. Fifteen investment analysts have rated the stock with a Buy rating and twelve have assigned a Hold rating to the stock. According to MarketBeat, Sherwin-Williams has a consensus rating of “Moderate Buy” and a consensus price target of $377.29.

About Sherwin-Williams

The Sherwin-Williams Company is a global manufacturer, retailer and distributor of paints and coatings. Founded in 1866 and headquartered in Cleveland, Ohio, the company serves customers through company-operated paint stores, home improvement retailers, distributors and other channels. Its products include paints, stains and related supplies for homes and commercial buildings, as well as coatings for industrial, automotive, protective and marine applications. The company markets products under brands including Sherwin-Williams and Valspar.