The Sherwin-Williams Company $SHW Stock Position Increased by Leavell Investment Management Inc.

Leavell Investment Management Inc. increased its position in The Sherwin-Williams Company (NYSE:SHW) by 11.3% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 4,672 shares of the specialty chemicals company’s stock after buying an additional 474 shares during the quarter. Leavell Investment Management Inc.’s holdings in Sherwin-Williams were worth $1,604,000 at the end of the most recent reporting period.

Several other large investors have also bought and sold shares of the company. Vanguard Group Inc. lifted its holdings in Sherwin-Williams by 1.1% in the 1st quarter. Vanguard Group Inc. now owns 22,082,544 shares of the specialty chemicals company’s stock valued at $7,711,004,000 after acquiring an additional 245,896 shares during the last quarter. Price T Rowe Associates Inc. MD raised its holdings in shares of Sherwin-Williams by 21.0% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 8,657,536 shares of the specialty chemicals company’s stock worth $3,023,126,000 after purchasing an additional 1,505,341 shares in the last quarter. Alliancebernstein L.P. lifted its stake in Sherwin-Williams by 2.2% during the first quarter. Alliancebernstein L.P. now owns 4,409,209 shares of the specialty chemicals company’s stock valued at $1,539,652,000 after purchasing an additional 93,209 shares during the last quarter. PineStone Asset Management Inc. lifted its stake in Sherwin-Williams by 12.0% during the second quarter. PineStone Asset Management Inc. now owns 1,681,100 shares of the specialty chemicals company’s stock valued at $577,222,000 after purchasing an additional 180,616 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. boosted its holdings in Sherwin-Williams by 4.4% during the first quarter. Charles Schwab Investment Management Inc. now owns 1,536,398 shares of the specialty chemicals company’s stock worth $536,495,000 after buying an additional 64,325 shares in the last quarter. Institutional investors own 77.67% of the company’s stock.

Wall Street Analyst Weigh In

SHW has been the topic of several research reports. UBS Group reaffirmed a “buy” rating and issued a $400.00 price target (up previously from $395.00) on shares of Sherwin-Williams in a report on Monday, October 6th. Loop Capital cut their target price on Sherwin-Williams from $395.00 to $380.00 and set a “buy” rating on the stock in a research report on Wednesday, July 23rd. Citigroup reiterated a “neutral” rating and issued a $380.00 price target (up previously from $375.00) on shares of Sherwin-Williams in a research report on Monday, October 6th. Evercore ISI lifted their price target on Sherwin-Williams from $380.00 to $400.00 and gave the stock an “outperform” rating in a research note on Tuesday, August 26th. Finally, Wells Fargo & Company set a $395.00 price objective on shares of Sherwin-Williams and gave the company an “overweight” rating in a research note on Friday, October 10th. One equities research analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating and four have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $387.13.

Insider Buying and Selling

In other Sherwin-Williams news, insider Justin T. Binns sold 609 shares of the stock in a transaction that occurred 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 completion of the sale, the insider owned 17,922 shares in the company, valued at $6,609,992.04. This represents a 3.29% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CAO James P. Lang sold 860 shares of the business’s stock in a transaction on Wednesday, August 6th. The shares were sold at an average price of $350.35, for a total transaction of $301,301.00. Following the transaction, the chief accounting officer owned 377 shares in the company, valued at approximately $132,081.95. This represents a 69.52% decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.60% of the stock is owned by corporate insiders.

Sherwin-Williams Stock Up 0.6%

NYSE:SHW opened at $333.64 on Friday. The business’s fifty day moving average price is $350.33 and its 200 day moving average price is $348.22. The firm has a market capitalization of $83.19 billion, a price-to-earnings ratio of 33.10, a PEG ratio of 3.13 and a beta of 1.20. 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 Sherwin-Williams Company has a 1-year low of $308.84 and a 1-year high of $400.42.

Sherwin-Williams Dividend Announcement

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

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.