Axa S.A. lowered its position in shares of The Sherwin-Williams Company (NYSE:SHW - Free Report) by 26.2% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 98,269 shares of the specialty chemicals company's stock after selling 34,904 shares during the period. Axa S.A.'s holdings in Sherwin-Williams were worth $29,326,000 as of its most recent SEC filing.
A number of other hedge funds and other institutional investors have also bought and sold shares of SHW. Capital World Investors raised its position in shares of Sherwin-Williams by 38.9% in the fourth quarter. Capital World Investors now owns 3,840,789 shares of the specialty chemicals company's stock worth $1,197,952,000 after buying an additional 1,075,351 shares in the last quarter. PineStone Asset Management Inc. increased its stake in Sherwin-Williams by 132.8% in the 2nd 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 last quarter. Assenagon Asset Management S.A. raised its holdings in shares of 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 valued at $311,971,000 after acquiring an additional 898,143 shares in the last quarter. Jensen Investment Management Inc. bought a new stake in shares of Sherwin-Williams during the 2nd quarter valued at about $169,770,000. Finally, Public Employees Retirement Association of Colorado grew its holdings in shares of Sherwin-Williams by 8,986.8% during the fourth quarter. Public Employees Retirement Association of Colorado now owns 534,121 shares of the specialty chemicals company's stock worth $166,592,000 after purchasing an additional 528,243 shares in the last quarter. Institutional investors own 77.67% of the company's stock.
Shares of NYSE SHW opened at $384.03 on Friday. The company has a market cap of $97.37 billion, a price-to-earnings ratio of 40.94, a PEG ratio of 3.00 and a beta of 1.17. The company has a quick ratio of 0.50, a current ratio of 0.81 and a debt-to-equity ratio of 2.17. The firm's fifty day moving average is $357.30 and its 200 day moving average is $329.14. The Sherwin-Williams Company has a 52 week low of $232.06 and a 52 week high of $385.23.
Sherwin-Williams (NYSE:SHW - Get Free Report) last released its quarterly earnings data on Tuesday, July 23rd. The specialty chemicals company reported $3.70 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $3.51 by $0.19. The firm had revenue of $6.27 billion for the quarter, compared to analysts' expectations of $6.33 billion. Sherwin-Williams had a net margin of 10.92% and a return on equity of 75.58%. The company's revenue for the quarter was up .5% compared to the same quarter last year. During the same quarter in the previous year, the company earned $3.29 earnings per share. On average, equities research analysts expect that The Sherwin-Williams Company will post 11.47 earnings per share for the current year.
The firm also recently disclosed a quarterly dividend, which was paid on Friday, September 6th. Stockholders of record on Friday, August 16th were given a $0.715 dividend. The ex-dividend date was Friday, August 16th. This represents a $2.86 dividend on an annualized basis and a dividend yield of 0.74%. Sherwin-Williams's dividend payout ratio is currently 30.49%.
In related news, CFO Allen J. Mistysyn sold 14,520 shares of the firm's stock in a transaction on 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 sale, the chief financial officer now owns 63,520 shares of the company's stock, valued at $23,301,041.60. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 0.60% of the company's stock.
A number of equities research analysts recently weighed in on SHW shares. Royal Bank of Canada reaffirmed an "outperform" rating and issued a $418.00 target price on shares of Sherwin-Williams in a research note on Friday, August 30th. Wells Fargo & Company raised their price objective on shares of Sherwin-Williams from $320.00 to $350.00 and gave the company an "equal weight" rating in a research report on Wednesday, July 24th. Evercore ISI upped their target price on shares of Sherwin-Williams from $365.00 to $380.00 and gave the stock an "outperform" rating in a research report on Friday, August 30th. StockNews.com upgraded Sherwin-Williams from a "hold" rating to a "buy" rating in a research report on Friday, September 20th. Finally, Redburn Atlantic raised Sherwin-Williams to a "strong-buy" rating in a research note on Thursday, July 18th. One analyst has rated the stock with a sell rating, six have issued a hold rating, fifteen have issued a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus target price of $362.68.
Get Our Latest Stock Analysis on SHW
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.
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