Perpetual Ltd Has $546,000 Stock Holdings in The Sherwin-Williams Company (NYSE:SHW)

Perpetual Ltd lessened its position in shares of The Sherwin-Williams Company (NYSE:SHW) by 4.2% during the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 1,430 shares of the specialty chemicals company’s stock after selling 63 shares during the quarter. Perpetual Ltd’s holdings in Sherwin-Williams were worth $546,000 at the end of the most recent quarter.

Other large investors have also made changes to their positions in the company. Valeo Financial Advisors LLC lifted its stake in shares of Sherwin-Williams by 7.9% during the second quarter. Valeo Financial Advisors LLC now owns 2,636 shares of the specialty chemicals company’s stock valued at $787,000 after acquiring an additional 193 shares during the period. Massmutual Trust Co. FSB ADV lifted its stake in shares of Sherwin-Williams by 7.2% during the first quarter. Massmutual Trust Co. FSB ADV now owns 1,533 shares of the specialty chemicals company’s stock valued at $532,000 after acquiring an additional 103 shares during the period. Transcend Capital Advisors LLC lifted its stake in shares of Sherwin-Williams by 24.1% during the second quarter. Transcend Capital Advisors LLC now owns 7,805 shares of the specialty chemicals company’s stock valued at $2,329,000 after acquiring an additional 1,514 shares during the period. Park Avenue Securities LLC lifted its stake in Sherwin-Williams by 11.6% in the first quarter. Park Avenue Securities LLC now owns 4,331 shares of the specialty chemicals company’s stock valued at $1,504,000 after buying an additional 449 shares during the period. Finally, Handelsbanken Fonder AB lifted its stake in Sherwin-Williams by 4.3% in the third quarter. Handelsbanken Fonder AB now owns 98,118 shares of the specialty chemicals company’s stock valued at $37,449,000 after buying an additional 4,074 shares during the period. Institutional investors and hedge funds own 77.67% of the company’s stock.

Analyst Ratings Changes

SHW has been the topic of several analyst reports. Barclays increased their target price on Sherwin-Williams from $315.00 to $355.00 and gave the company an “equal weight” rating in a research note on Wednesday, July 24th. Royal Bank of Canada reissued an “outperform” rating and issued a $418.00 target price on shares of Sherwin-Williams in a research note on Friday, August 30th. UBS Group increased their target price on Sherwin-Williams from $375.00 to $412.00 and gave the company a “buy” rating in a research note on Friday, August 30th. The Goldman Sachs Group increased their target price on Sherwin-Williams from $344.00 to $390.00 and gave the company a “buy” rating in a research note on Wednesday, July 24th. Finally, Jefferies Financial Group increased their target price on Sherwin-Williams from $392.00 to $415.00 and gave the company a “buy” rating in a research note on Monday, August 26th. One research analyst has rated the stock with a sell rating, seven have given a hold rating, thirteen have issued a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $370.39.

Sherwin-Williams Stock Up 0.7 %

NYSE:SHW opened at $378.99 on Friday. The firm has a market capitalization of $95.60 billion, a price-to-earnings ratio of 38.63, a price-to-earnings-growth ratio of 2.97 and a beta of 1.17. The Sherwin-Williams Company has a twelve month low of $232.06 and a twelve month high of $385.25. The stock’s 50 day moving average price is $366.02 and its two-hundred day moving average price is $332.36. The company has a quick ratio of 0.50, a current ratio of 0.81 and a debt-to-equity ratio of 2.17.

Sherwin-Williams (NYSE:SHW) last issued its earnings results on Tuesday, July 23rd. The specialty chemicals company reported $3.70 EPS for the quarter, topping the consensus estimate of $3.51 by $0.19. The company had revenue of $6.27 billion during the quarter, compared to the consensus estimate of $6.33 billion. Sherwin-Williams had a return on equity of 75.58% and a net margin of 10.92%. The firm’s revenue for the quarter was up .5% compared to the same quarter last year. During the same period in the previous year, the company posted $3.29 EPS. Equities research analysts expect that The Sherwin-Williams Company will post 11.5 earnings per share for the current fiscal year.

Sherwin-Williams Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, September 6th. Stockholders of record on Friday, August 16th were issued a dividend of $0.715 per share. The ex-dividend date was Friday, August 16th. This represents a $2.86 dividend on an annualized basis and a dividend yield of 0.75%. Sherwin-Williams’s dividend payout ratio (DPR) is currently 29.15%.

Insider Transactions at Sherwin-Williams

In other Sherwin-Williams news, CFO Allen J. Mistysyn sold 14,520 shares of the company’s stock in a transaction dated Friday, August 30th. The stock was sold at an average price of $366.83, for a total value of $5,326,371.60. Following the completion of 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 position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 0.60% of the stock is owned by insiders.

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.