The Sherwin-Williams Company (NYSE:SHW) Shares Sold by Brown Brothers Harriman & Co.

Brown Brothers Harriman & Co. lowered its stake in The Sherwin-Williams Company (NYSE:SHW) by 0.7% during the second quarter, HoldingsChannel reports. The firm owned 10,403 shares of the specialty chemicals company’s stock after selling 69 shares during the quarter. Brown Brothers Harriman & Co.’s holdings in Sherwin-Williams were worth $3,105,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also modified their holdings of SHW. Plato Investment Management Ltd increased its stake in Sherwin-Williams by 12.8% in the 2nd quarter. Plato Investment Management Ltd now owns 14,076 shares of the specialty chemicals company’s stock valued at $4,201,000 after buying an additional 1,598 shares during the period. WINTON GROUP Ltd acquired a new position in shares of Sherwin-Williams during the second quarter worth about $319,000. Thompson Siegel & Walmsley LLC purchased a new position in Sherwin-Williams during the second quarter worth about $4,371,000. J.W. Cole Advisors Inc. lifted its position in Sherwin-Williams by 16.7% in the second quarter. J.W. Cole Advisors Inc. now owns 931 shares of the specialty chemicals company’s stock valued at $278,000 after purchasing an additional 133 shares during the period. Finally, Prosperity Consulting Group LLC boosted its holdings in Sherwin-Williams by 27.5% in the 2nd quarter. Prosperity Consulting Group LLC now owns 1,700 shares of the specialty chemicals company’s stock valued at $507,000 after purchasing an additional 367 shares in the last quarter. Hedge funds and other institutional investors own 77.67% of the company’s stock.

Sherwin-Williams Price Performance

NYSE:SHW opened at $379.14 on Tuesday. The firm has a market cap of $96.13 billion, a price-to-earnings ratio of 40.42, a price-to-earnings-growth ratio of 2.94 and a beta of 1.17. The Sherwin-Williams Company has a 12-month low of $232.06 and a 12-month high of $380.13. The company has a current ratio of 0.81, a quick ratio of 0.50 and a debt-to-equity ratio of 2.17. The company’s 50-day moving average is $348.33 and its two-hundred day moving average is $327.03.

Sherwin-Williams (NYSE:SHW) last announced its quarterly earnings data on Tuesday, July 23rd. The specialty chemicals company reported $3.70 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.51 by $0.19. The business had revenue of $6.27 billion for the quarter, compared to the consensus estimate of $6.33 billion. Sherwin-Williams had a net margin of 10.92% and a return on equity of 75.58%. The company’s quarterly revenue was up .5% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $3.29 earnings per share. Research analysts expect that The Sherwin-Williams Company will post 11.47 EPS for the current year.

Sherwin-Williams Dividend Announcement

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. This represents a $2.86 dividend on an annualized basis and a dividend yield of 0.75%. The ex-dividend date of this dividend was Friday, August 16th. Sherwin-Williams’s dividend payout ratio is currently 30.49%.

Insider Activity at Sherwin-Williams

In other Sherwin-Williams news, CFO Allen J. Mistysyn sold 14,520 shares of the firm’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 sale, the chief financial officer now directly owns 63,520 shares of the company’s stock, valued at approximately $23,301,041.60. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Insiders own 0.60% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts have recently issued reports on SHW shares. Wells Fargo & Company increased their target price on Sherwin-Williams from $320.00 to $350.00 and gave the stock an “equal weight” rating in a research note on Wednesday, July 24th. UBS Group raised their target price on Sherwin-Williams from $375.00 to $412.00 and gave the company a “buy” rating in a report on Friday, August 30th. Barclays boosted their target price on shares of Sherwin-Williams from $315.00 to $355.00 and gave the stock an “equal weight” rating in a research report on Wednesday, July 24th. The Goldman Sachs Group increased their price target on shares of Sherwin-Williams from $344.00 to $390.00 and gave the company a “buy” rating in a report on Wednesday, July 24th. Finally, Jefferies Financial Group boosted their price objective on shares of Sherwin-Williams from $392.00 to $415.00 and gave the stock a “buy” rating in a report on Monday, August 26th. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating, fourteen have issued a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, Sherwin-Williams has a consensus rating of “Moderate Buy” and an average target price of $362.68.

Sherwin-Williams Company 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.