Teacher Retirement System of Texas Reduces Position in The Sherwin-Williams Company (NYSE:SHW)

Teacher Retirement System of Texas lessened its stake in The Sherwin-Williams Company (NYSE:SHW - Free Report) by 7.8% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 212,920 shares of the specialty chemicals company's stock after selling 17,917 shares during the quarter. Teacher Retirement System of Texas owned approximately 0.08% of Sherwin-Williams worth $72,378,000 at the end of the most recent quarter.

Several other institutional investors have also bought and sold shares of the company. Legacy Capital Wealth Partners LLC increased its stake in Sherwin-Williams by 2.9% in the 4th quarter. Legacy Capital Wealth Partners LLC now owns 1,028 shares of the specialty chemicals company's stock worth $350,000 after purchasing an additional 29 shares during the period. Apella Capital LLC boosted its stake in shares of Sherwin-Williams by 2.1% during the fourth quarter. Apella Capital LLC now owns 1,465 shares of the specialty chemicals company's stock valued at $498,000 after purchasing an additional 30 shares during the period. Atlantic Edge Private Wealth Management LLC grew its holdings in shares of Sherwin-Williams by 0.8% in the fourth quarter. Atlantic Edge Private Wealth Management LLC now owns 3,742 shares of the specialty chemicals company's stock worth $1,272,000 after purchasing an additional 30 shares during the last quarter. IMS Capital Management increased its stake in shares of Sherwin-Williams by 2.4% in the fourth quarter. IMS Capital Management now owns 1,287 shares of the specialty chemicals company's stock worth $437,000 after buying an additional 30 shares during the period. Finally, D.A. Davidson & CO. raised its holdings in Sherwin-Williams by 0.4% during the 3rd quarter. D.A. Davidson & CO. now owns 7,428 shares of the specialty chemicals company's stock valued at $2,835,000 after buying an additional 31 shares during the last quarter. Hedge funds and other institutional investors own 77.67% of the company's stock.

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Analysts Set New Price Targets

A number of research firms have issued reports on SHW. Mizuho decreased their price objective on shares of Sherwin-Williams from $435.00 to $408.00 and set an "outperform" rating on the stock in a research report on Tuesday, January 7th. Berenberg Bank upgraded Sherwin-Williams from a "hold" rating to a "buy" rating and boosted their price target for the company from $321.00 to $420.00 in a report on Friday, January 24th. Robert W. Baird set a $370.00 price target on Sherwin-Williams in a research report on Friday, January 31st. Zelman & Associates upgraded Sherwin-Williams to a "strong-buy" rating in a research report on Friday, January 17th. Finally, JPMorgan Chase & Co. upped their target price on Sherwin-Williams from $370.00 to $390.00 and gave the company an "overweight" rating in a report on Monday, February 3rd. One analyst has rated the stock with a sell rating, six have assigned a hold rating, ten have given a buy rating and two have given a strong buy rating to the company's stock. Based on data from MarketBeat, Sherwin-Williams has an average rating of "Moderate Buy" and an average price target of $401.13.

Insider Buying and Selling at Sherwin-Williams

In other news, insider Colin M. Davie sold 2,799 shares of the stock in a transaction that occurred on 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 in the company, valued at $1,933,009.50. This represents a 34.28 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. 0.60% of the stock is owned by company insiders.

Sherwin-Williams Stock Up 2.5 %

Shares of SHW stock traded up $8.49 during trading hours on Monday, hitting $342.90. 1,847,668 shares of the company's stock traded hands, compared to its average volume of 1,633,859. The company has a quick ratio of 0.46, a current ratio of 0.79 and a debt-to-equity ratio of 2.02. The stock's fifty day simple moving average is $353.97 and its two-hundred day simple moving average is $364.61. The Sherwin-Williams Company has a 12-month low of $282.09 and a 12-month high of $400.42. The stock has a market cap of $86.24 billion, a price-to-earnings ratio of 32.50, a PEG ratio of 2.98 and a beta of 1.23.

Sherwin-Williams (NYSE:SHW - Get Free Report) last announced its quarterly earnings data on Thursday, January 30th. The specialty chemicals company reported $2.09 earnings per share (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 quarter in the previous year, the business earned $1.81 earnings per share. On average, analysts expect that The Sherwin-Williams Company will post 12 EPS for the current year.

Sherwin-Williams Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 14th. Investors of record on Monday, March 3rd were given a dividend of $0.79 per share. This represents a $3.16 annualized dividend and a yield of 0.92%. This is an increase from Sherwin-Williams's previous quarterly dividend of $0.72. The ex-dividend date of this dividend was Monday, March 3rd. Sherwin-Williams's dividend payout ratio is 29.95%.

Sherwin-Williams Company 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.