California State Teachers Retirement System trimmed its holdings in shares of Sherwin-Williams Co (NYSE:SHW) by 1.4% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 138,044 shares of the specialty chemicals company’s stock after selling 1,983 shares during the quarter. California State Teachers Retirement System owned 0.15% of Sherwin-Williams worth $56,604,000 at the end of the most recent reporting period.
Several other large investors have also modified their holdings of SHW. Raymond James Financial Services Advisors Inc. increased its position in shares of Sherwin-Williams by 5.6% during the 3rd quarter. Raymond James Financial Services Advisors Inc. now owns 25,175 shares of the specialty chemicals company’s stock worth $9,018,000 after purchasing an additional 1,339 shares during the last quarter. Gamco Investors INC. ET AL increased its position in shares of Sherwin-Williams by 27.1% during the 3rd quarter. Gamco Investors INC. ET AL now owns 4,227 shares of the specialty chemicals company’s stock worth $1,513,000 after purchasing an additional 900 shares during the last quarter. FDx Advisors Inc. increased its position in shares of Sherwin-Williams by 57.4% during the 3rd quarter. FDx Advisors Inc. now owns 1,187 shares of the specialty chemicals company’s stock worth $425,000 after purchasing an additional 433 shares during the last quarter. Retirement Systems of Alabama grew its position in Sherwin-Williams by 1.5% in the 3rd quarter. Retirement Systems of Alabama now owns 39,880 shares of the specialty chemicals company’s stock valued at $14,279,000 after acquiring an additional 596 shares in the last quarter. Finally, CIBC Asset Management Inc grew its position in Sherwin-Williams by 1.7% in the 3rd quarter. CIBC Asset Management Inc now owns 9,879 shares of the specialty chemicals company’s stock valued at $3,537,000 after acquiring an additional 163 shares in the last quarter. 74.97% of the stock is owned by hedge funds and other institutional investors.
Several equities analysts have weighed in on the company. Cleveland Research reaffirmed a “buy” rating on shares of Sherwin-Williams in a research report on Wednesday, March 7th. Robert W. Baird reaffirmed a “buy” rating and issued a $475.00 target price on shares of Sherwin-Williams in a research report on Wednesday, January 10th. Barclays reaffirmed a “hold” rating on shares of Sherwin-Williams in a research report on Sunday, January 28th. Seaport Global Securities raised Sherwin-Williams from a “neutral” rating to a “buy” rating in a research report on Friday, February 2nd. Finally, Susquehanna Bancshares reaffirmed a “positive” rating and issued a $483.00 target price (down from $511.00) on shares of Sherwin-Williams in a research report on Tuesday, February 13th. One investment analyst has rated the stock with a sell rating, eight have issued a hold rating, fifteen have given a buy rating and one has assigned a strong buy rating to the company. Sherwin-Williams presently has an average rating of “Buy” and a consensus target price of $436.20.
Sherwin-Williams (NYSE:SHW) last announced its quarterly earnings data on Thursday, January 25th. The specialty chemicals company reported $2.95 EPS for the quarter, missing the Zacks’ consensus estimate of $3.18 by ($0.23). Sherwin-Williams had a return on equity of 50.59% and a net margin of 11.83%. The company had revenue of $3.98 billion for the quarter, compared to analyst estimates of $3.91 billion. During the same period in the prior year, the firm posted $2.15 earnings per share. The business’s quarterly revenue was up 43.0% compared to the same quarter last year. research analysts predict that Sherwin-Williams Co will post 19.1 EPS for the current year.
The firm also recently announced a quarterly dividend, which was paid on Friday, March 9th. Investors of record on Monday, February 26th were paid a dividend of $0.86 per share. This is a boost from Sherwin-Williams’s previous quarterly dividend of $0.85. The ex-dividend date of this dividend was Friday, February 23rd. This represents a $3.44 annualized dividend and a yield of 0.83%. Sherwin-Williams’s payout ratio is presently 27.11%.
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The Sherwin-Williams Company (Sherwin-Williams) is engaged in the development, manufacture, distribution and sale of paint, coatings and related products. The Company’s segments are Paint Stores Group, Consumer Group, Global Finishes Group, Latin America Coatings Group and Administrative. The Paint Stores Group markets and sells Sherwin-Williams branded architectural paint and coatings, protective and marine products, original equipment manufacturer (OEM) product finishes and related items.
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