The Sherwin-Williams Company $SHW Stock: PBU The Pension Fund of Early Childhood & Youth Educators Increases Position

PBU The Pension Fund of Early Childhood & Youth Educators increased its stake in shares of The Sherwin-Williams Company (NYSE:SHW) by 4.0% during the 3rd quarter, HoldingsChannel.com reports. The fund owned 89,006 shares of the specialty chemicals company’s stock after purchasing an additional 3,415 shares during the period. PBU The Pension Fund of Early Childhood & Youth Educators’ holdings in Sherwin-Williams were worth $28,773,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently bought and sold shares of SHW. Milestone Asset Management LLC acquired a new stake in Sherwin-Williams during the 3rd quarter valued at $3,153,000. Caisse de depot et placement du Quebec purchased a new stake in Sherwin-Williams during the 2nd quarter worth $5,473,000. William John Sempolinski acquired a new position in Sherwin-Williams in the 2nd quarter worth $2,456,000. BlackRock Inc. acquired a new position in Sherwin-Williams in the 2nd quarter worth $6,100,083,000. Finally, First Citizens Bank & Trust Co. boosted its position in Sherwin-Williams by 421.7% in the 3rd quarter. First Citizens Bank & Trust Co. now owns 4,309 shares of the specialty chemicals company’s stock valued at $1,393,000 after buying an additional 3,483 shares during the last quarter. 77.67% of the stock is owned by institutional investors and hedge funds.

Sherwin-Williams Stock Performance

Sherwin-Williams stock opened at $350.81 on Friday. The company has a market cap of $84.75 billion, a PE ratio of 32.24, a P/E/G ratio of 2.96 and a beta of 1.05. The company has a fifty day moving average price of $331.16 and a two-hundred day moving average price of $333.11. The company has a debt-to-equity ratio of 2.00, a current ratio of 0.71 and a quick ratio of 0.45. The Sherwin-Williams Company has a 12 month low of $289.86 and a 12 month high of $377.77.

Sherwin-Williams (NYSE:SHW) last released its earnings results on Tuesday, October 27th. The specialty chemicals company reported $3.63 earnings per share for the quarter, missing the consensus estimate of $3.69 by ($0.06). The business had revenue of $6.86 billion for the quarter, compared to the consensus estimate of $6.78 billion. Sherwin-Williams had a net margin of 10.74% and a return on equity of 69.51%. The firm’s revenue for the quarter was up 7.9% on a year-over-year basis. During the same quarter in the previous year, the firm earned $3.59 EPS. Research analysts expect that The Sherwin-Williams Company will post 12.02 earnings per share for the current year.

Sherwin-Williams Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, December 4th. Investors of record on Friday, November 13th 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, November 13th. Sherwin-Williams’s dividend payout ratio is currently 29.41%.

Analyst Ratings Changes

Several analysts have recently weighed in on SHW shares. Melius Research initiated coverage on Sherwin-Williams in a research note on Tuesday, October 6th. They set a “hold” rating and a $367.00 target price for the company. KeyCorp assumed coverage on Sherwin-Williams in a research report on Thursday, September 10th. They set a “sector weight” rating on the stock. Royal Bank Of Canada cut their price target on Sherwin-Williams from $392.00 to $383.00 and set an “outperform” rating on the stock in a research note on Thursday, October 29th. Jefferies Financial Group reissued a “hold” rating and issued a $353.00 price target on shares of Sherwin-Williams in a report on Tuesday, October 27th. Finally, BMO Capital Markets restated an “outperform” rating on shares of Sherwin-Williams in a research note on Monday, September 28th. Fifteen investment analysts have rated the stock with a Buy rating and twelve have assigned a Hold rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $377.29.

Insider Buying and Selling at Sherwin-Williams

In related news, SVP James R. Jaye sold 2,301 shares of the stock in a transaction dated Tuesday, November 3rd. The shares were sold at an average price of $345.56, for a total transaction of $795,133.56. Following the sale, the senior vice president owned 6,936 shares in the company, valued at $2,396,804.16. This represents a 24.91% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Justin T. Binns sold 13,500 shares of the stock in a transaction dated Monday, August 17th. The stock was sold at an average price of $352.70, for a total transaction of $4,761,450.00. Following the sale, the insider owned 21,937 shares in the company, valued at approximately $7,737,179.90. This trade represents a 38.10% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last quarter, insiders have sold 22,315 shares of company stock worth $7,848,071. 0.23% of the stock is owned by company insiders.

Sherwin-Williams Company Profile

The Sherwin-Williams Company is a global manufacturer, retailer and distributor of paints and coatings. Founded in 1866 and headquartered in Cleveland, Ohio, the company serves customers through company-operated paint stores, home improvement retailers, distributors and other channels. Its products include paints, stains and related supplies for homes and commercial buildings, as well as coatings for industrial, automotive, protective and marine applications. The company markets products under brands including Sherwin-Williams and Valspar.