The Sherwin-Williams Company $SHW Shares Sold by AustralianSuper Pty Ltd

AustralianSuper Pty Ltd lessened its stake in The Sherwin-Williams Company (NYSE:SHW) by 47.1% during the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 9,520 shares of the specialty chemicals company’s stock after selling 8,470 shares during the period. AustralianSuper Pty Ltd’s holdings in Sherwin-Williams were worth $3,269,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. Moors & Cabot Inc. grew its stake in shares of Sherwin-Williams by 0.4% in the 1st quarter. Moors & Cabot Inc. now owns 9,016 shares of the specialty chemicals company’s stock valued at $3,148,000 after purchasing an additional 39 shares during the last quarter. Johnson Investment Counsel Inc. grew its position in Sherwin-Williams by 95.8% in the 2nd quarter. Johnson Investment Counsel Inc. now owns 78,144 shares of the specialty chemicals company’s stock valued at $26,832,000 after buying an additional 38,228 shares during the last quarter. Ransom Advisory Ltd acquired a new position in Sherwin-Williams in the 1st quarter valued at $515,000. Moody Lynn & Lieberson LLC raised its position in Sherwin-Williams by 138.0% during the 2nd quarter. Moody Lynn & Lieberson LLC now owns 20,402 shares of the specialty chemicals company’s stock worth $7,005,000 after buying an additional 11,828 shares during the last quarter. Finally, Lindenwold Advisors INC acquired a new stake in shares of Sherwin-Williams in the 2nd quarter worth $1,303,000. 77.67% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of research analysts have recently issued reports on SHW shares. Mizuho dropped their price target on shares of Sherwin-Williams from $400.00 to $385.00 and set an “outperform” rating on the stock in a research note on Wednesday, July 23rd. Citigroup reissued a “neutral” rating and issued a $380.00 target price (up previously from $375.00) on shares of Sherwin-Williams in a report on Monday, October 6th. Bank of America lowered their price target on shares of Sherwin-Williams from $375.00 to $368.00 and set a “neutral” rating on the stock in a research note on Tuesday, October 14th. UBS Group reissued a “buy” rating and set a $400.00 price objective (up previously from $395.00) on shares of Sherwin-Williams in a report on Monday, October 6th. Finally, Loop Capital reduced their price target on shares of Sherwin-Williams from $395.00 to $380.00 and set a “buy” rating for the company in a research report on Wednesday, July 23rd. One research analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and four have given a Hold rating to the stock. According to MarketBeat.com, Sherwin-Williams has an average rating of “Moderate Buy” and a consensus price target of $387.13.

Sherwin-Williams Stock Performance

NYSE:SHW opened at $335.43 on Tuesday. The company has a current ratio of 0.78, a quick ratio of 0.48 and a debt-to-equity ratio of 1.78. The company has a market capitalization of $83.63 billion, a P/E ratio of 33.28, a price-to-earnings-growth ratio of 3.13 and a beta of 1.20. The firm has a 50-day moving average price of $349.86 and a two-hundred day moving average price of $348.29. The Sherwin-Williams Company has a twelve month low of $308.84 and a twelve month high of $400.42.

Sherwin-Williams Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 5th. Investors of record on Friday, November 14th will be given a dividend of $0.79 per share. This represents a $3.16 annualized dividend and a dividend yield of 0.9%. The ex-dividend date is Friday, November 14th. Sherwin-Williams’s payout ratio is currently 31.35%.

Insider Buying and Selling

In other news, CAO James P. Lang sold 860 shares of the business’s stock in a transaction on Wednesday, August 6th. The stock was sold at an average price of $350.35, for a total value of $301,301.00. Following the completion of the transaction, the chief accounting officer directly owned 377 shares of the company’s stock, valued at $132,081.95. The trade was a 69.52% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, insider Justin T. Binns sold 609 shares of the stock in a transaction on Monday, August 25th. The shares were sold at an average price of $368.82, for a total value of $224,611.38. Following the sale, the insider directly owned 17,922 shares in the company, valued at approximately $6,609,992.04. The trade was a 3.29% decrease in their position. The disclosure for this sale can be found here. 0.60% of the stock is currently owned by corporate 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.