Retirement Systems of Alabama Lowers Holdings in The Sherwin-Williams Company (NYSE:SHW)

Retirement Systems of Alabama trimmed its position in The Sherwin-Williams Company (NYSE:SHW - Free Report) by 7.1% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 226,651 shares of the specialty chemicals company's stock after selling 17,435 shares during the quarter. Retirement Systems of Alabama owned about 0.09% of Sherwin-Williams worth $86,506,000 as of its most recent SEC filing.

Several other hedge funds have also made changes to their positions in the company. Franklin Resources Inc. lifted its holdings in Sherwin-Williams by 5.8% in the third quarter. Franklin Resources Inc. now owns 1,412,722 shares of the specialty chemicals company's stock valued at $542,711,000 after acquiring an additional 78,075 shares during the last quarter. Tidal Investments LLC raised its position in Sherwin-Williams by 10.7% in the third quarter. Tidal Investments LLC now owns 16,153 shares of the specialty chemicals company's stock valued at $6,165,000 after purchasing an additional 1,567 shares during the period. Wilmington Savings Fund Society FSB raised its position in Sherwin-Williams by 2,092.0% in the third quarter. Wilmington Savings Fund Society FSB now owns 16,747 shares of the specialty chemicals company's stock valued at $6,392,000 after purchasing an additional 15,983 shares during the period. Arvest Bank Trust Division acquired a new position in shares of Sherwin-Williams in the 3rd quarter valued at $350,000. Finally, Sanctuary Advisors LLC grew its holdings in shares of Sherwin-Williams by 17.1% during the 3rd quarter. Sanctuary Advisors LLC now owns 43,295 shares of the specialty chemicals company's stock worth $16,812,000 after purchasing an additional 6,308 shares during the period. Hedge funds and other institutional investors own 77.67% of the company's stock.

Sherwin-Williams Stock Down 0.6 %

Shares of Sherwin-Williams stock traded down $2.35 during trading on Friday, hitting $364.50. 1,118,831 shares of the stock were exchanged, compared to its average volume of 1,640,481. The company has a debt-to-equity ratio of 1.97, a current ratio of 0.83 and a quick ratio of 0.51. The firm's 50-day moving average price is $379.24 and its 200 day moving average price is $351.37. The stock has a market cap of $91.80 billion, a price-to-earnings ratio of 36.54, a price-to-earnings-growth ratio of 3.00 and a beta of 1.19. The Sherwin-Williams Company has a 12-month low of $282.09 and a 12-month high of $400.42.

Sherwin-Williams (NYSE:SHW - Get Free Report) last announced its quarterly earnings results on Tuesday, October 22nd. The specialty chemicals company reported $3.37 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $3.56 by ($0.19). Sherwin-Williams had a return on equity of 74.45% and a net margin of 11.09%. The business had revenue of $6.16 billion for the quarter, compared to analysts' expectations of $6.20 billion. During the same period last year, the firm earned $3.20 earnings per share. The firm's quarterly revenue was up .7% on a year-over-year basis. As a group, analysts forecast that The Sherwin-Williams Company will post 11.32 earnings per share for the current fiscal year.

Sherwin-Williams Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, December 6th. Investors of record on Friday, November 15th were given a $0.715 dividend. The ex-dividend date of this dividend was Friday, November 15th. This represents a $2.86 dividend on an annualized basis and a yield of 0.78%. Sherwin-Williams's dividend payout ratio (DPR) is presently 28.49%.

Insider Buying and Selling at Sherwin-Williams

In related news, SVP Gregory P. Sofish sold 2,565 shares of the company's stock in a transaction on Monday, November 18th. The shares were sold at an average price of $378.63, for a total value of $971,185.95. Following the completion of the sale, the senior vice president now owns 6,329 shares in the company, valued at $2,396,349.27. This represents a 28.84 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, SVP Mary L. Garceau sold 15,770 shares of Sherwin-Williams stock in a transaction on Tuesday, November 26th. The shares were sold at an average price of $397.92, for a total transaction of $6,275,198.40. Following the completion of the transaction, the senior vice president now owns 29,205 shares in the company, valued at approximately $11,621,253.60. This represents a 35.06 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.60% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

Several brokerages recently issued reports on SHW. UBS Group reaffirmed an "underperform" rating on shares of Sherwin-Williams in a research report on Friday, October 18th. Barclays boosted their price target on shares of Sherwin-Williams from $355.00 to $370.00 and gave the company an "equal weight" rating in a research note on Wednesday, October 23rd. Robert W. Baird increased their price objective on shares of Sherwin-Williams from $350.00 to $360.00 and gave the stock a "neutral" rating in a research report on Wednesday, October 23rd. Wells Fargo & Company boosted their target price on Sherwin-Williams from $350.00 to $400.00 and gave the company an "equal weight" rating in a research report on Tuesday, October 15th. Finally, KeyCorp restated a "sector weight" rating on shares of Sherwin-Williams in a research report on Monday, October 7th. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating, twelve have assigned a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $396.47.

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.