Retirement Systems of Alabama Has $86.88 Million Holdings in The Sherwin-Williams Company (NYSE:SHW)

Retirement Systems of Alabama raised its stake in The Sherwin-Williams Company (NYSE:SHW) by 26.6% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 278,549 shares of the specialty chemicals company’s stock after acquiring an additional 58,457 shares during the quarter. Retirement Systems of Alabama owned about 0.11% of Sherwin-Williams worth $86,879,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. OFI Invest Asset Management acquired a new stake in shares of Sherwin-Williams during the 3rd quarter worth approximately $25,000. Union Savings Bank acquired a new stake in shares of Sherwin-Williams during the 3rd quarter worth approximately $28,000. McGlone Suttner Wealth Management Inc. acquired a new stake in shares of Sherwin-Williams during the 4th quarter worth approximately $35,000. Wetzel Investment Advisors Inc. acquired a new stake in shares of Sherwin-Williams during the 4th quarter worth approximately $36,000. Finally, Lee Financial Co bought a new position in Sherwin-Williams during the 3rd quarter worth approximately $32,000. Institutional investors and hedge funds own 77.67% of the company’s stock.

Insider Buying and Selling

In related news, insider Todd D. Rea sold 2,449 shares of the business’s stock in a transaction on Wednesday, February 21st. The shares were sold at an average price of $313.54, for a total transaction of $767,859.46. Following the transaction, the insider now directly owns 9,329 shares in the company, valued at $2,925,014.66. The sale was disclosed in a filing with the SEC, which is available through this link. In other Sherwin-Williams news, insider Todd D. Rea sold 2,449 shares of the company’s stock in a transaction on Wednesday, February 21st. The shares were sold at an average price of $313.54, for a total value of $767,859.46. Following the transaction, the insider now directly owns 9,329 shares in the company, valued at $2,925,014.66. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, SVP Mary L. Garceau sold 23,518 shares of the company’s stock in a transaction on Monday, February 26th. The shares were sold at an average price of $322.66, for a total transaction of $7,588,317.88. Following the completion of the transaction, the senior vice president now owns 28,475 shares in the company, valued at $9,187,743.50. The disclosure for this sale can be found here. Over the last three months, insiders have sold 32,050 shares of company stock worth $10,340,237. Insiders own 0.60% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts recently weighed in on SHW shares. JPMorgan Chase & Co. reduced their price objective on shares of Sherwin-Williams from $317.00 to $315.00 and set an “overweight” rating on the stock in a research note on Wednesday. Robert W. Baird lifted their price objective on shares of Sherwin-Williams from $300.00 to $310.00 and gave the stock a “neutral” rating in a research note on Wednesday. BMO Capital Markets reissued an “outperform” rating and set a $377.00 price objective (down previously from $385.00) on shares of Sherwin-Williams in a research note on Wednesday. StockNews.com lowered shares of Sherwin-Williams from a “buy” rating to a “hold” rating in a research note on Thursday. Finally, Royal Bank of Canada reduced their price objective on shares of Sherwin-Williams from $380.00 to $370.00 and set an “outperform” rating on the stock in a research note on Thursday. One analyst has rated the stock with a sell rating, seven have issued a hold rating and thirteen have issued a buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $341.39.

Sherwin-Williams Stock Up 0.5 %

Shares of SHW stock traded up $1.64 during trading on Friday, reaching $306.45. The company’s stock had a trading volume of 1,820,261 shares, compared to its average volume of 1,484,751. The business has a fifty day moving average price of $328.05 and a 200-day moving average price of $299.51. The company has a quick ratio of 0.48, a current ratio of 0.78 and a debt-to-equity ratio of 2.32. The company has a market cap of $77.98 billion, a price-to-earnings ratio of 32.67, a price-to-earnings-growth ratio of 2.47 and a beta of 1.15. The Sherwin-Williams Company has a one year low of $221.76 and a one year high of $348.37.

Sherwin-Williams (NYSE:SHW) last announced its quarterly earnings data on Tuesday, April 23rd. The specialty chemicals company reported $2.17 EPS for the quarter, missing analysts’ consensus estimates of $2.22 by ($0.05). The business had revenue of $5.37 billion during the quarter, compared to the consensus estimate of $5.50 billion. Sherwin-Williams had a return on equity of 73.74% and a net margin of 10.52%. The business’s revenue for the quarter was down 1.4% compared to the same quarter last year. During the same period in the prior year, the firm earned $2.04 EPS. Analysts anticipate that The Sherwin-Williams Company will post 11.43 earnings per share for the current year.

Sherwin-Williams Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, June 7th. Investors of record on Friday, May 17th will be issued a dividend of $0.715 per share. The ex-dividend date is Thursday, May 16th. This represents a $2.86 dividend on an annualized basis and a yield of 0.93%. Sherwin-Williams’s payout ratio is 30.49%.

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.