Brown Brothers Harriman & Co. Lowers Holdings in The Sherwin-Williams Company (NYSE:SHW)

Brown Brothers Harriman & Co. lowered its holdings in The Sherwin-Williams Company (NYSE:SHW) by 0.7% during the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. 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 SEC filing.

Several other large investors have also modified their holdings of the business. Vanguard Group Inc. raised its holdings in Sherwin-Williams by 0.9% in the 1st quarter. Vanguard Group Inc. now owns 21,620,939 shares of the specialty chemicals company’s stock valued at $7,509,601,000 after buying an additional 184,979 shares during the period. Capital World Investors increased its position in shares of Sherwin-Williams by 38.9% during the fourth quarter. Capital World Investors now owns 3,840,789 shares of the specialty chemicals company’s stock valued at $1,197,952,000 after acquiring an additional 1,075,351 shares during the last quarter. Capital Research Global Investors raised its stake in shares of Sherwin-Williams by 2.3% in the 4th quarter. Capital Research Global Investors now owns 2,536,096 shares of the specialty chemicals company’s stock valued at $791,008,000 after acquiring an additional 56,161 shares during the period. Capital International Investors lifted its holdings in shares of Sherwin-Williams by 10.5% in the 1st quarter. Capital International Investors now owns 2,302,120 shares of the specialty chemicals company’s stock worth $799,595,000 after acquiring an additional 219,149 shares during the last quarter. Finally, DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main boosted its position in shares of Sherwin-Williams by 2.8% during the 4th quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main now owns 1,820,266 shares of the specialty chemicals company’s stock worth $567,740,000 after purchasing an additional 49,809 shares during the period. Institutional investors and hedge funds own 77.67% of the company’s stock.

Sherwin-Williams Stock Up 1.0 %

Shares of NYSE:SHW opened at $379.14 on Tuesday. The firm has a 50 day simple moving average of $348.33 and a 200-day simple moving average of $327.03. The Sherwin-Williams Company has a twelve month low of $232.06 and a twelve 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 has a market capitalization of $96.13 billion, a PE ratio of 40.42, a P/E/G ratio of 2.94 and a beta of 1.17.

Sherwin-Williams (NYSE:SHW) last announced its quarterly earnings results on Tuesday, July 23rd. The specialty chemicals company reported $3.70 earnings per share for the quarter, beating analysts’ consensus estimates of $3.51 by $0.19. Sherwin-Williams had a net margin of 10.92% and a return on equity of 75.58%. The firm had revenue of $6.27 billion during the quarter, compared to analysts’ expectations of $6.33 billion. During the same period in the previous year, the company earned $3.29 earnings per share. Sherwin-Williams’s quarterly revenue was up .5% compared to the same quarter last year. On average, equities analysts predict that The Sherwin-Williams Company will post 11.47 EPS for the current fiscal year.

Sherwin-Williams Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, September 6th. Investors of record on Friday, August 16th were given a $0.715 dividend. The ex-dividend date of this dividend was Friday, August 16th. This represents a $2.86 dividend on an annualized basis and a dividend yield of 0.75%. Sherwin-Williams’s dividend payout ratio (DPR) is presently 30.49%.

Analysts Set New Price Targets

A number of research analysts have commented on SHW shares. Robert W. Baird upped their price target on Sherwin-Williams from $310.00 to $325.00 and gave the stock a “neutral” rating in a research note on Wednesday, July 24th. The Goldman Sachs Group increased their target price on Sherwin-Williams from $344.00 to $390.00 and gave the stock a “buy” rating in a research note on Wednesday, July 24th. KeyCorp lifted their target price on Sherwin-Williams from $400.00 to $410.00 and gave the company an “overweight” rating in a research report on Wednesday, July 24th. Royal Bank of Canada reissued an “outperform” rating and issued a $418.00 price objective on shares of Sherwin-Williams in a research note on Friday, August 30th. Finally, Barclays lifted their price objective on shares of Sherwin-Williams from $315.00 to $355.00 and gave the company an “equal weight” rating in a report on Wednesday, July 24th. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating, fourteen have given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $362.68.

Insider Buying and Selling

In other Sherwin-Williams news, CFO Allen J. Mistysyn sold 14,520 shares of the business’s stock in a transaction that occurred 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 in the company, valued at $23,301,041.60. The sale was disclosed in a document filed with the SEC, which is available through this link. 0.60% of the stock is currently owned by company insiders.

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.