The Sherwin-Williams Company (NYSE:SHW) Shares Sold by Teachers Retirement System of The State of Kentucky

Teachers Retirement System of The State of Kentucky decreased its stake in shares of The Sherwin-Williams Company (NYSE:SHW - Free Report) by 5.6% in the third quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 43,976 shares of the specialty chemicals company's stock after selling 2,612 shares during the quarter. Teachers Retirement System of The State of Kentucky's holdings in Sherwin-Williams were worth $16,784,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of SHW. FMR LLC grew its holdings in Sherwin-Williams by 18.2% during the 3rd quarter. FMR LLC now owns 6,482,662 shares of the specialty chemicals company's stock valued at $2,474,238,000 after buying an additional 999,164 shares in the last quarter. Geode Capital Management LLC raised its stake in Sherwin-Williams by 1.3% during the third quarter. Geode Capital Management LLC now owns 4,733,131 shares of the specialty chemicals company's stock valued at $1,799,196,000 after purchasing an additional 58,463 shares in the last quarter. Legal & General Group Plc lifted its position in Sherwin-Williams by 2.9% during the second quarter. Legal & General Group Plc now owns 1,921,846 shares of the specialty chemicals company's stock valued at $573,538,000 after purchasing an additional 53,487 shares during the last quarter. D. E. Shaw & Co. Inc. increased its holdings in shares of Sherwin-Williams by 18.5% in the 2nd quarter. D. E. Shaw & Co. Inc. now owns 1,524,367 shares of the specialty chemicals company's stock worth $454,917,000 after buying an additional 238,031 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. raised its position in shares of Sherwin-Williams by 1.1% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 1,421,090 shares of the specialty chemicals company's stock valued at $542,387,000 after buying an additional 15,843 shares in the last quarter. 77.67% of the stock is owned by hedge funds and other institutional investors.

Sherwin-Williams Stock Performance

NYSE SHW traded down $5.12 during trading hours on Thursday, reaching $366.82. The stock had a trading volume of 1,219,203 shares, compared to its average volume of 1,642,605. The Sherwin-Williams Company has a 52-week low of $282.09 and a 52-week high of $400.42. The stock has a fifty day moving average of $379.37 and a 200 day moving average of $351.26. The company has a debt-to-equity ratio of 1.97, a quick ratio of 0.51 and a current ratio of 0.83. The stock has a market cap of $92.38 billion, a P/E ratio of 36.62, a price-to-earnings-growth ratio of 3.10 and a beta of 1.19.

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

Sherwin-Williams Announces Dividend

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

Analyst Upgrades and Downgrades

Several research firms have recently weighed in on SHW. Barclays boosted their target price on Sherwin-Williams from $355.00 to $370.00 and gave the company an "equal weight" rating in a research report on Wednesday, October 23rd. UBS Group restated an "underperform" rating on shares of Sherwin-Williams in a report on Friday, October 18th. BMO Capital Markets lifted their price target on shares of Sherwin-Williams from $400.00 to $425.00 and gave the company an "outperform" rating in a research note on Monday, September 30th. Citigroup lowered their price target on Sherwin-Williams from $430.00 to $420.00 and set a "buy" rating for the company in a report on Thursday, October 24th. Finally, Morgan Stanley upped their target price on Sherwin-Williams from $375.00 to $450.00 and gave the stock an "overweight" rating in a report on Friday, October 18th. One analyst has rated the stock with a sell rating, seven have given a hold rating, twelve have given a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average target price of $396.47.

Insider Activity at Sherwin-Williams

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

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.