Commonwealth of Pennsylvania Public School Empls Retrmt SYS Sells 1,254 Shares of The Sherwin-Williams Company (NYSE:SHW)

Commonwealth of Pennsylvania Public School Empls Retrmt SYS cut its position in shares of The Sherwin-Williams Company (NYSE:SHW - Free Report) by 2.5% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 49,267 shares of the specialty chemicals company's stock after selling 1,254 shares during the quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS's holdings in Sherwin-Williams were worth $16,747,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of the company. Merit Financial Group LLC grew its position in Sherwin-Williams by 80.0% during the fourth quarter. Merit Financial Group LLC now owns 1,177 shares of the specialty chemicals company's stock valued at $400,000 after acquiring an additional 523 shares during the last quarter. Park Avenue Securities LLC boosted its stake in shares of Sherwin-Williams by 52.6% in the 4th quarter. Park Avenue Securities LLC now owns 6,680 shares of the specialty chemicals company's stock valued at $2,271,000 after purchasing an additional 2,303 shares in the last quarter. Burney Co. grew its holdings in shares of Sherwin-Williams by 4.6% during the 4th quarter. Burney Co. now owns 17,272 shares of the specialty chemicals company's stock valued at $5,871,000 after purchasing an additional 766 shares during the last quarter. Kerusso Capital Management LLC raised its position in Sherwin-Williams by 75.9% in the 4th quarter. Kerusso Capital Management LLC now owns 10,290 shares of the specialty chemicals company's stock worth $3,498,000 after purchasing an additional 4,439 shares during the period. Finally, Swedbank AB lifted its stake in Sherwin-Williams by 4.2% in the third quarter. Swedbank AB now owns 117,055 shares of the specialty chemicals company's stock worth $44,676,000 after purchasing an additional 4,681 shares during the last quarter. 77.67% of the stock is owned by hedge funds and other institutional investors.

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Insider Transactions at Sherwin-Williams

In related news, insider Colin M. Davie sold 2,799 shares of the business's stock in a transaction dated Thursday, February 27th. The shares were sold at an average price of $360.30, for a total transaction of $1,008,479.70. Following the sale, the insider now owns 5,365 shares of the company's stock, valued at $1,933,009.50. The trade was a 34.28 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Insiders own 0.60% of the company's stock.

Wall Street Analyst Weigh In

A number of brokerages have recently issued reports on SHW. Morgan Stanley reduced their price objective on Sherwin-Williams from $450.00 to $405.00 and set an "overweight" rating on the stock in a research note on Tuesday, January 28th. Zelman & Associates upgraded Sherwin-Williams to a "strong-buy" rating in a research report on Friday, January 17th. Robert W. Baird set a $370.00 price objective on Sherwin-Williams in a research report on Friday, January 31st. Mizuho cut their target price on shares of Sherwin-Williams from $435.00 to $408.00 and set an "outperform" rating on the stock in a report on Tuesday, January 7th. Finally, Royal Bank of Canada lowered their price target on shares of Sherwin-Williams from $438.00 to $415.00 and set an "outperform" rating for the company in a report on Monday, February 3rd. One investment analyst has rated the stock with a sell rating, six have given a hold rating, ten have assigned a buy rating and two have given a strong buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average target price of $401.13.

Sherwin-Williams Stock Down 0.4 %

SHW traded down $1.51 on Tuesday, hitting $341.20. The company had a trading volume of 1,180,490 shares, compared to its average volume of 1,633,614. The stock has a fifty day simple moving average of $354.10 and a 200-day simple moving average of $364.49. 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 firm has a market capitalization of $85.82 billion, a P/E ratio of 32.34, a P/E/G ratio of 2.98 and a beta of 1.23. The Sherwin-Williams Company has a 52-week low of $282.09 and a 52-week high of $400.42.

Sherwin-Williams (NYSE:SHW - Get Free Report) last released its earnings results on Thursday, January 30th. The specialty chemicals company reported $2.09 EPS for the quarter, beating analysts' consensus estimates of $2.07 by $0.02. Sherwin-Williams had a return on equity of 74.50% and a net margin of 11.61%. During the same period in the previous year, the firm posted $1.81 earnings per share. As a group, equities analysts expect that The Sherwin-Williams Company will post 12 EPS for the current fiscal year.

Sherwin-Williams Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, March 14th. Stockholders of record on Monday, March 3rd were issued a dividend of $0.79 per share. This represents a $3.16 dividend on an annualized basis and a dividend yield of 0.93%. The ex-dividend date was Monday, March 3rd. This is a boost from Sherwin-Williams's previous quarterly dividend of $0.72. Sherwin-Williams's payout ratio is 29.95%.

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.