The Sherwin-Williams Company (NYSE:SHW) Shares Purchased by Trust Co. of Oklahoma

Trust Co. of Oklahoma increased its position in shares of The Sherwin-Williams Company (NYSE:SHW) by 2.0% during the third quarter, Holdings Channel.com reports. The fund owned 3,678 shares of the specialty chemicals company’s stock after acquiring an additional 72 shares during the quarter. Trust Co. of Oklahoma’s holdings in Sherwin-Williams were worth $1,404,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently bought and sold shares of SHW. PineStone Asset Management Inc. grew its holdings in Sherwin-Williams by 132.8% during the second quarter. PineStone Asset Management Inc. now owns 1,609,392 shares of the specialty chemicals company’s stock worth $480,291,000 after acquiring an additional 917,979 shares during the period. Assenagon Asset Management S.A. increased its stake in Sherwin-Williams by 610.0% in the 2nd quarter. Assenagon Asset Management S.A. now owns 1,045,374 shares of the specialty chemicals company’s stock worth $311,971,000 after purchasing an additional 898,143 shares in the last quarter. Jensen Investment Management Inc. purchased a new position in Sherwin-Williams in the 2nd quarter worth about $169,770,000. 1832 Asset Management L.P. increased its stake in Sherwin-Williams by 54.0% in the 2nd quarter. 1832 Asset Management L.P. now owns 1,416,257 shares of the specialty chemicals company’s stock worth $422,654,000 after purchasing an additional 496,326 shares in the last quarter. Finally, DekaBank Deutsche Girozentrale increased its stake in Sherwin-Williams by 192.2% in the 2nd quarter. DekaBank Deutsche Girozentrale now owns 393,010 shares of the specialty chemicals company’s stock worth $116,322,000 after purchasing an additional 258,511 shares in the last quarter. 77.67% of the stock is owned by institutional investors and hedge funds.

Sherwin-Williams Price Performance

Sherwin-Williams stock traded up $4.79 on Tuesday, reaching $388.95. The company’s stock had a trading volume of 623,635 shares, compared to its average volume of 1,534,679. The company has a debt-to-equity ratio of 2.17, a quick ratio of 0.50 and a current ratio of 0.81. The company has a market cap of $98.12 billion, a price-to-earnings ratio of 39.91, a PEG ratio of 2.95 and a beta of 1.17. The business’s fifty day moving average price is $366.92 and its 200 day moving average price is $332.45. The Sherwin-Williams Company has a twelve month low of $232.06 and a twelve month high of $392.57.

Sherwin-Williams (NYSE:SHW) last posted its quarterly earnings data on Tuesday, July 23rd. The specialty chemicals company reported $3.70 EPS for the quarter, topping analysts’ consensus estimates of $3.51 by $0.19. The company had revenue of $6.27 billion for 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%. The business’s revenue was up .5% on a year-over-year basis. During the same quarter in the previous year, the firm earned $3.29 earnings per share. Equities analysts expect that The Sherwin-Williams Company will post 11.5 earnings per share for the current fiscal year.

Sherwin-Williams Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, September 6th. Shareholders of record on Friday, August 16th were paid a $0.715 dividend. This represents a $2.86 dividend on an annualized basis and a yield of 0.74%. The ex-dividend date of this dividend was Friday, August 16th. Sherwin-Williams’s dividend payout ratio is currently 29.15%.

Insiders Place Their Bets

In other news, CFO Allen J. Mistysyn sold 14,520 shares of the company’s stock in a transaction on Friday, August 30th. The stock was sold at an average price of $366.83, for a total transaction of $5,326,371.60. Following the transaction, the chief financial officer now owns 63,520 shares of the company’s stock, valued at $23,301,041.60. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Insiders own 0.60% of the company’s stock.

Wall Street Analyst Weigh In

SHW has been the topic of a number of analyst reports. UBS Group lifted their price target on Sherwin-Williams from $375.00 to $412.00 and gave the stock a “buy” rating in a research note on Friday, August 30th. Royal Bank of Canada reiterated an “outperform” rating and set a $418.00 price target on shares of Sherwin-Williams in a report on Friday, August 30th. Robert W. Baird lifted their price target on Sherwin-Williams from $310.00 to $325.00 and gave the company a “neutral” rating in a report on Wednesday, July 24th. BMO Capital Markets lifted their price target on Sherwin-Williams from $400.00 to $425.00 and gave the company an “outperform” rating in a report on Monday, September 30th. Finally, Barclays lifted their price target on Sherwin-Williams from $315.00 to $355.00 and gave the company an “equal weight” rating in a report on Wednesday, July 24th. One analyst has rated the stock with a sell rating, seven have assigned a hold rating, thirteen have issued a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $373.17.

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.