New York State Common Retirement Fund Has $108.32 Million Stake in The Sherwin-Williams Company (NYSE:SHW)

New York State Common Retirement Fund lowered its stake in shares of The Sherwin-Williams Company (NYSE:SHW) by 15.3% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 347,277 shares of the specialty chemicals company’s stock after selling 62,639 shares during the quarter. New York State Common Retirement Fund’s holdings in Sherwin-Williams were worth $108,316,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Global Retirement Partners LLC grew its holdings in Sherwin-Williams by 4.4% in the 3rd quarter. Global Retirement Partners LLC now owns 1,349 shares of the specialty chemicals company’s stock valued at $346,000 after buying an additional 57 shares during the last quarter. SG Americas Securities LLC grew its stake in shares of Sherwin-Williams by 10.9% in the third quarter. SG Americas Securities LLC now owns 16,644 shares of the specialty chemicals company’s stock worth $4,245,000 after acquiring an additional 1,639 shares during the last quarter. Naples Global Advisors LLC bought a new stake in Sherwin-Williams in the 3rd quarter valued at $310,000. Fifth Third Wealth Advisors LLC raised its position in shares of Sherwin-Williams by 45.3% during the third quarter. Fifth Third Wealth Advisors LLC now owns 1,299 shares of the specialty chemicals company’s stock valued at $331,000 after buying an additional 405 shares during the last quarter. Finally, Avior Wealth Management LLC grew its position in Sherwin-Williams by 34.8% during the third quarter. Avior Wealth Management LLC now owns 4,069 shares of the specialty chemicals company’s stock worth $1,038,000 after buying an additional 1,050 shares in the last quarter. Institutional investors and hedge funds own 77.67% of the company’s stock.

Sherwin-Williams Trading Down 2.2 %

Sherwin-Williams stock traded down $6.74 during trading hours on Tuesday, reaching $302.52. 2,723,963 shares of the company’s stock traded hands, compared to its average volume of 1,421,402. The Sherwin-Williams Company has a fifty-two week low of $221.76 and a fifty-two week high of $348.37. The firm’s 50 day moving average is $328.50 and its 200-day moving average is $298.39. The company has a debt-to-equity ratio of 2.25, a quick ratio of 0.48 and a current ratio of 0.83. The firm has a market capitalization of $76.98 billion, a price-to-earnings ratio of 33.43, a PEG ratio of 2.42 and a beta of 1.15.

Sherwin-Williams (NYSE:SHW) last announced its quarterly earnings data on Tuesday, April 23rd. The specialty chemicals company reported $2.17 earnings per share (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 net margin of 10.36% and a return on equity of 74.72%. Sherwin-Williams’s revenue was down 1.4% compared to the same quarter last year. During the same period in the previous year, the business posted $2.04 earnings per share. On average, analysts predict that The Sherwin-Williams Company will post 11.46 earnings per share for the current year.

Sherwin-Williams Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, June 7th. Investors of record on Friday, May 17th will be given a $0.715 dividend. The ex-dividend date of this dividend is Thursday, May 16th. This represents a $2.86 dividend on an annualized basis and a dividend yield of 0.95%. Sherwin-Williams’s dividend payout ratio is 30.92%.

Insider Buying and Selling

In other Sherwin-Williams news, SVP Gregory P. Sofish sold 1,830 shares of the company’s stock in a transaction that occurred on Friday, February 23rd. The shares were sold at an average price of $320.70, for a total value of $586,881.00. Following the completion of the sale, the senior vice president now owns 6,329 shares of the company’s stock, valued at $2,029,710.30. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, insider Todd D. Rea sold 2,449 shares of the business’s stock in a transaction that occurred on Wednesday, February 21st. The stock was sold at an average price of $313.54, for a total value of $767,859.46. Following the completion of the transaction, the insider now directly owns 9,329 shares in the company, valued at approximately $2,925,014.66. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, SVP Gregory P. Sofish sold 1,830 shares of the firm’s stock in a transaction that occurred on Friday, February 23rd. The stock was sold at an average price of $320.70, for a total transaction of $586,881.00. Following the sale, the senior vice president now owns 6,329 shares in the company, valued at $2,029,710.30. The disclosure for this sale can be found here. Insiders have sold 32,050 shares of company stock valued at $10,340,237 in the last 90 days. 0.60% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

Several analysts have recently weighed in on SHW shares. Barclays lifted their price objective on Sherwin-Williams from $285.00 to $315.00 and gave the stock an “equal weight” rating in a report on Monday, January 29th. Mizuho decreased their target price on shares of Sherwin-Williams from $352.00 to $340.00 and set a “buy” rating on the stock in a research report on Friday, January 26th. JPMorgan Chase & Co. increased their price target on shares of Sherwin-Williams from $285.00 to $317.00 and gave the stock an “overweight” rating in a research report on Friday, January 26th. Wolfe Research started coverage on Sherwin-Williams in a research note on Friday, March 1st. They issued a “peer perform” rating on the stock. Finally, Citigroup raised their target price on Sherwin-Williams from $360.00 to $390.00 and gave the stock a “buy” rating in a research report on Wednesday, April 10th. One research analyst has rated the stock with a sell rating, six have assigned a hold rating and thirteen have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $325.94.

Sherwin-Williams 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.