Teacher Retirement System of Texas Buys 4,389 Shares of The Sherwin-Williams Company $SHW

Teacher Retirement System of Texas boosted its stake in The Sherwin-Williams Company (NYSE:SHW) by 5.9% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 79,262 shares of the specialty chemicals company’s stock after acquiring an additional 4,389 shares during the period. Teacher Retirement System of Texas’ holdings in Sherwin-Williams were worth $25,683,000 at the end of the most recent quarter.

Several other institutional investors have also added to or reduced their stakes in the stock. Vanguard Group Inc. boosted its holdings in Sherwin-Williams by 1.4% in the third quarter. Vanguard Group Inc. now owns 22,637,705 shares of the specialty chemicals company’s stock valued at $7,838,532,000 after acquiring an additional 309,153 shares during the last quarter. Capital Research Global Investors boosted its holdings in Sherwin-Williams by 0.3% in the third quarter. Capital Research Global Investors now owns 3,432,977 shares of the specialty chemicals company’s stock valued at $1,188,698,000 after acquiring an additional 11,560 shares during the last quarter. JPMorgan Chase & Co. boosted its holdings in Sherwin-Williams by 0.4% in the third quarter. JPMorgan Chase & Co. now owns 3,052,021 shares of the specialty chemicals company’s stock valued at $1,056,811,000 after acquiring an additional 12,715 shares during the last quarter. Viking Global Investors LP lifted its stake in Sherwin-Williams by 47.2% in the third quarter. Viking Global Investors LP now owns 2,881,091 shares of the specialty chemicals company’s stock valued at $997,607,000 after buying an additional 923,341 shares during the period. Finally, Capital International Investors lifted its stake in Sherwin-Williams by 2.0% in the third quarter. Capital International Investors now owns 2,675,299 shares of the specialty chemicals company’s stock valued at $926,249,000 after buying an additional 52,322 shares during the period. 77.67% of the stock is currently owned by institutional investors.

Sherwin-Williams Price Performance

Shares of NYSE:SHW opened at $337.88 on Friday. The company has a quick ratio of 0.53, a current ratio of 0.87 and a debt-to-equity ratio of 2.03. The Sherwin-Williams Company has a twelve month low of $301.58 and a twelve month high of $379.65. The stock’s 50 day moving average is $335.10 and its 200-day moving average is $338.31. The firm has a market capitalization of $83.58 billion, a price-to-earnings ratio of 32.90, a PEG ratio of 2.88 and a beta of 1.27.

Sherwin-Williams (NYSE:SHW) last issued its earnings results on Thursday, January 29th. The specialty chemicals company reported $2.23 earnings per share for the quarter, topping analysts’ consensus estimates of $2.16 by $0.07. Sherwin-Williams had a return on equity of 65.26% and a net margin of 10.90%.The company had revenue of $5.60 billion for the quarter, compared to analyst estimates of $5.57 billion. During the same period in the prior year, the firm earned $2.09 earnings per share. Sherwin-Williams’s revenue for the quarter was up 5.6% on a year-over-year basis. Sell-side analysts forecast that The Sherwin-Williams Company will post 11.82 EPS for the current fiscal year.

Sherwin-Williams Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, June 5th. Stockholders of record on Friday, May 22nd will be given a dividend of $0.80 per share. This represents a $3.20 dividend on an annualized basis and a dividend yield of 0.9%. The ex-dividend date of this dividend is Friday, May 22nd. Sherwin-Williams’s dividend payout ratio is presently 31.16%.

Insider Buying and Selling

In other news, SVP Bryan J. Young sold 2,513 shares of the company’s stock in a transaction that occurred on Tuesday, February 24th. The stock was sold at an average price of $364.47, for a total transaction of $915,913.11. Following the transaction, the senior vice president directly owned 10,045 shares of the company’s stock, valued at $3,661,101.15. This represents a 20.01% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, insider Colin M. Davie sold 2,976 shares of the company’s stock in a transaction that occurred on Monday, February 2nd. The stock was sold at an average price of $359.50, for a total value of $1,069,872.00. Following the transaction, the insider directly owned 5,365 shares in the company, valued at $1,928,717.50. The trade was a 35.68% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. 0.23% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

Several equities analysts have issued reports on SHW shares. Wells Fargo & Company lowered Sherwin-Williams from an “overweight” rating to an “equal weight” rating and dropped their price target for the company from $410.00 to $365.00 in a research note on Friday, April 10th. Weiss Ratings reissued a “hold (c+)” rating on shares of Sherwin-Williams in a research note on Friday, March 27th. Vertical Research raised Sherwin-Williams from a “hold” rating to a “buy” rating and set a $371.00 price target on the stock in a research note on Wednesday, January 7th. Deutsche Bank Aktiengesellschaft lowered Sherwin-Williams from a “buy” rating to a “hold” rating and set a $380.00 price target on the stock. in a research note on Thursday, January 22nd. Finally, Zacks Research raised Sherwin-Williams from a “strong sell” rating to a “hold” rating in a research note on Tuesday, March 31st. Nine investment analysts have rated the stock with a Buy rating and five have given a Hold rating to the company’s stock. According to data from MarketBeat.com, Sherwin-Williams presently has an average rating of “Moderate Buy” and an average target price of $379.08.

Sherwin-Williams Profile

Sherwin-Williams (NYSE: SHW) is a global manufacturer and distributor of paints, coatings and related products. Founded in 1866 and headquartered in Cleveland, Ohio, the company supplies a broad range of coatings for residential, commercial and industrial applications. Its product offering includes architectural paints and stains, industrial and protective coatings, automotive finishes, and a variety of sundry products such as primers, sealants and specialty treatments used by professionals and consumers.

The company sells through multiple channels, including a large network of company-operated retail paint stores that serve professional contractors and do-it-yourself consumers, as well as through distributors and mass retailers.