The Sherwin-Williams Company $SHW Shares Sold by Vienna Powszechne Towarzystwo Emerytalne S.A. Vienna Insurance Group

Vienna Powszechne Towarzystwo Emerytalne S.A. Vienna Insurance Group lowered its position in The Sherwin-Williams Company (NYSE:SHW) by 18.3% in the second quarter, Holdings Channel.com reports. The firm owned 2,497 shares of the specialty chemicals company’s stock after selling 561 shares during the quarter. Vienna Powszechne Towarzystwo Emerytalne S.A. Vienna Insurance Group’s holdings in Sherwin-Williams were worth $857,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also recently added to or reduced their stakes in the company. Price T Rowe Associates Inc. MD boosted its stake in shares of Sherwin-Williams by 21.0% during 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 acquiring an additional 1,505,341 shares in the last quarter. Nuveen LLC acquired a new position in Sherwin-Williams during the first quarter worth $265,510,000. Assenagon Asset Management S.A. raised its holdings in Sherwin-Williams by 601.0% during the second quarter. Assenagon Asset Management S.A. now owns 839,756 shares of the specialty chemicals company’s stock worth $288,339,000 after purchasing an additional 719,965 shares during the last quarter. National Bank of Canada FI raised its holdings in Sherwin-Williams by 223.1% during the first quarter. National Bank of Canada FI now owns 615,375 shares of the specialty chemicals company’s stock worth $214,883,000 after purchasing an additional 424,930 shares during the last quarter. Finally, Alyeska Investment Group L.P. raised its holdings in Sherwin-Williams by 367.9% during the first quarter. Alyeska Investment Group L.P. now owns 537,216 shares of the specialty chemicals company’s stock worth $187,590,000 after purchasing an additional 422,410 shares during the last quarter. Institutional investors and hedge funds own 77.67% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts recently issued reports on SHW shares. JPMorgan Chase & Co. reduced their price objective on Sherwin-Williams from $390.00 to $378.00 and set an “overweight” rating for the company in a report on Wednesday, July 23rd. BMO Capital Markets reduced their price objective on Sherwin-Williams from $405.00 to $391.00 and set an “outperform” rating for the company in a report on Wednesday, July 23rd. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Sherwin-Williams in a report on Friday. Wells Fargo & Company set a $395.00 price objective on shares of Sherwin-Williams and gave the stock an “overweight” rating in a research note on Friday, October 10th. Finally, UBS Group reissued a “buy” rating and set a $400.00 price objective (up from $395.00) on shares of Sherwin-Williams in a research note on Monday, October 6th. One investment 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.com, Sherwin-Williams presently has an average rating of “Moderate Buy” and a consensus target price of $387.13.

Sherwin-Williams Trading Up 0.6%

Shares of SHW opened at $333.64 on Monday. The company has a debt-to-equity ratio of 1.78, a current ratio of 0.78 and a quick ratio of 0.48. The firm has a 50 day simple moving average of $350.33 and a 200-day simple moving average of $348.30. The Sherwin-Williams Company has a 1-year low of $308.84 and a 1-year high of $400.42. The stock has a market cap of $83.19 billion, a price-to-earnings ratio of 33.10, a price-to-earnings-growth ratio of 3.13 and a beta of 1.20.

Sherwin-Williams Dividend Announcement

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

Insider Activity at Sherwin-Williams

In other Sherwin-Williams news, CAO James P. Lang sold 860 shares of Sherwin-Williams stock in a transaction that occurred on Wednesday, August 6th. The shares were sold at an average price of $350.35, for a total value of $301,301.00. Following the completion of the sale, the chief accounting officer directly owned 377 shares of the company’s stock, valued at approximately $132,081.95. The trade was a 69.52% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Justin T. Binns sold 609 shares of Sherwin-Williams stock in a transaction that occurred on Monday, August 25th. The stock was sold at an average price of $368.82, for a total transaction of $224,611.38. Following the completion of the sale, the insider directly owned 17,922 shares of the company’s stock, valued at $6,609,992.04. The trade was a 3.29% decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.60% of the stock is currently owned by insiders.

About Sherwin-Williams

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.