Vision Capital Management Inc. Sells 379 Shares of The Sherwin-Williams Company (NYSE:SHW)

Vision Capital Management Inc. trimmed its position in shares of The Sherwin-Williams Company (NYSE:SHW) by 0.9% during the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 41,089 shares of the specialty chemicals company’s stock after selling 379 shares during the quarter. Sherwin-Williams makes up approximately 1.8% of Vision Capital Management Inc.’s holdings, making the stock its 15th largest position. Vision Capital Management Inc.’s holdings in Sherwin-Williams were worth $12,262,000 at the end of the most recent reporting period.

Several other large investors have also bought and sold shares of the company. Conning Inc. boosted its position in Sherwin-Williams by 1.9% during the 2nd quarter. Conning Inc. now owns 1,606 shares of the specialty chemicals company’s stock valued at $479,000 after acquiring an additional 30 shares in the last quarter. Oxbow Advisors LLC raised its position in Sherwin-Williams by 4.5% in the 2nd quarter. Oxbow Advisors LLC now owns 690 shares of the specialty chemicals company’s stock worth $206,000 after buying an additional 30 shares during the last quarter. Global X Japan Co. Ltd. lifted its stake in Sherwin-Williams by 2.2% during the 2nd quarter. Global X Japan Co. Ltd. now owns 1,403 shares of the specialty chemicals company’s stock valued at $419,000 after acquiring an additional 30 shares during the period. Optas LLC boosted its holdings in shares of Sherwin-Williams by 1.3% during the 2nd quarter. Optas LLC now owns 2,424 shares of the specialty chemicals company’s stock valued at $723,000 after acquiring an additional 32 shares during the last quarter. Finally, Capital Advisors Ltd. LLC grew its stake in shares of Sherwin-Williams by 2.9% in the second quarter. Capital Advisors Ltd. LLC now owns 1,173 shares of the specialty chemicals company’s stock worth $350,000 after acquiring an additional 33 shares during the period. 77.67% of the stock is owned by institutional investors.

Insider Buying and Selling

In other Sherwin-Williams news, CFO Allen J. Mistysyn sold 14,520 shares of the stock in a transaction that occurred on Friday, August 30th. The shares were sold at an average price of $366.83, for a total transaction of $5,326,371.60. Following the completion of the sale, the chief financial officer now directly owns 63,520 shares of the company’s stock, valued at approximately $23,301,041.60. The sale was disclosed in a legal filing with the SEC, which is available at this link. 0.60% of the stock is owned by insiders.

Analysts Set New Price Targets

A number of research analysts recently weighed in on the stock. BMO Capital Markets restated an “outperform” rating and set a $400.00 price objective (up previously from $386.00) on shares of Sherwin-Williams in a research report on Wednesday, September 4th. Evercore ISI increased their price target on Sherwin-Williams from $365.00 to $380.00 and gave the company an “outperform” rating in a report on Friday, August 30th. UBS Group lifted their price objective on Sherwin-Williams from $375.00 to $412.00 and gave the stock a “buy” rating in a report on Friday, August 30th. The Goldman Sachs Group upped their price objective on Sherwin-Williams from $344.00 to $390.00 and gave the company a “buy” rating in a research report on Wednesday, July 24th. Finally, KeyCorp raised their target price on Sherwin-Williams from $400.00 to $410.00 and gave the stock an “overweight” rating in a research report on Wednesday, July 24th. One research analyst has rated the stock with a sell rating, seven have given a hold rating, fourteen have assigned a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $362.68.

Sherwin-Williams Stock Performance

Shares of NYSE SHW opened at $363.90 on Tuesday. The stock has a market cap of $91.80 billion, a PE ratio of 38.80, a price-to-earnings-growth ratio of 2.83 and a beta of 1.17. The Sherwin-Williams Company has a 1 year low of $232.06 and a 1 year high of $371.19. The firm has a fifty day moving average price of $340.58 and a 200-day moving average price of $325.35. The company has a debt-to-equity ratio of 2.17, a current ratio of 0.81 and a quick ratio of 0.50.

Sherwin-Williams (NYSE:SHW) last issued its quarterly earnings results on Tuesday, July 23rd. The specialty chemicals company reported $3.70 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.51 by $0.19. The business had revenue of $6.27 billion during the quarter, compared to analyst estimates of $6.33 billion. Sherwin-Williams had a return on equity of 75.58% and a net margin of 10.92%. Sherwin-Williams’s revenue for the quarter was up .5% compared to the same quarter last year. During the same quarter in the prior year, the business posted $3.29 EPS. Equities analysts anticipate that The Sherwin-Williams Company will post 11.47 earnings per share for the current fiscal year.

Sherwin-Williams Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, September 6th. Investors of record on Friday, August 16th were paid a dividend of $0.715 per share. This represents a $2.86 annualized dividend and a yield of 0.79%. The ex-dividend date was Friday, August 16th. Sherwin-Williams’s dividend payout ratio (DPR) is presently 30.49%.

About Sherwin-Williams

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.