Vision Capital Management Inc. Reduces Stake in The Sherwin-Williams Company (NYSE:SHW)

Vision Capital Management Inc. cut its stake in shares of The Sherwin-Williams Company (NYSE:SHW) by 0.9% during the second quarter, HoldingsChannel reports. The firm owned 41,089 shares of the specialty chemicals company’s stock after selling 379 shares during the quarter. Sherwin-Williams comprises 1.8% of Vision Capital Management Inc.’s holdings, making the stock its 15th largest position. Vision Capital Management Inc.’s holdings in Sherwin-Williams were worth $12,262,000 as of its most recent SEC filing.

Several other institutional investors have also modified their holdings of SHW. Norges Bank purchased a new position in shares of Sherwin-Williams during the 4th quarter worth about $1,176,356,000. Capital World Investors boosted its stake in shares of Sherwin-Williams by 38.9% during the 4th quarter. Capital World Investors now owns 3,840,789 shares of the specialty chemicals company’s stock worth $1,197,952,000 after purchasing an additional 1,075,351 shares during the period. PineStone Asset Management Inc. boosted its stake in shares of Sherwin-Williams by 132.8% during the 2nd quarter. PineStone Asset Management Inc. now owns 1,609,392 shares of the specialty chemicals company’s stock worth $480,291,000 after purchasing an additional 917,979 shares during the period. Assenagon Asset Management S.A. boosted its stake in shares of Sherwin-Williams by 610.0% during the 2nd quarter. Assenagon Asset Management S.A. now owns 1,045,374 shares of the specialty chemicals company’s stock worth $311,971,000 after purchasing an additional 898,143 shares during the period. Finally, Jensen Investment Management Inc. purchased a new position in shares of Sherwin-Williams during the 2nd quarter worth about $169,770,000. 77.67% of the stock is owned by institutional investors.

Sherwin-Williams Trading Up 0.9 %

NYSE SHW opened at $363.90 on Tuesday. The company has a quick ratio of 0.50, a current ratio of 0.81 and a debt-to-equity ratio of 2.17. The firm has a market cap of $91.80 billion, a PE ratio of 38.80, a price-to-earnings-growth ratio of 2.83 and a beta of 1.17. The company has a 50 day moving average price of $340.58 and a 200 day moving average price of $325.35. The Sherwin-Williams Company has a 52 week low of $232.06 and a 52 week high of $371.19.

Sherwin-Williams (NYSE:SHW) last posted its quarterly earnings data on Tuesday, July 23rd. The specialty chemicals company reported $3.70 EPS for the quarter, topping the consensus estimate of $3.51 by $0.19. The firm had revenue of $6.27 billion during the quarter, compared to analyst estimates of $6.33 billion. Sherwin-Williams had a net margin of 10.92% and a return on equity of 75.58%. Sherwin-Williams’s revenue was up .5% on a year-over-year basis. During the same quarter in the previous year, the business posted $3.29 EPS. As a group, sell-side analysts forecast that The Sherwin-Williams Company will post 11.47 EPS for the current fiscal year.

Sherwin-Williams Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, September 6th. Investors of record on Friday, August 16th were paid a dividend of $0.715 per share. The ex-dividend date was Friday, August 16th. This represents a $2.86 annualized dividend and a dividend yield of 0.79%. Sherwin-Williams’s dividend payout ratio (DPR) is presently 30.49%.

Insider Buying and Selling

In other Sherwin-Williams news, CFO Allen J. Mistysyn sold 14,520 shares of the company’s stock in a transaction that occurred on Friday, August 30th. The shares were sold at an average price of $366.83, for a total transaction of $5,326,371.60. Following the transaction, the chief financial officer now owns 63,520 shares in the company, valued at approximately $23,301,041.60. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 0.60% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

A number of equities analysts recently commented on SHW shares. UBS Group lifted their price target on shares of Sherwin-Williams from $375.00 to $412.00 and gave the stock a “buy” rating in a research note on Friday, August 30th. Barclays lifted their price target on shares of Sherwin-Williams from $315.00 to $355.00 and gave the stock an “equal weight” rating in a research note on Wednesday, July 24th. Redburn Atlantic raised shares of Sherwin-Williams to a “strong-buy” rating in a research note on Thursday, July 18th. KeyCorp lifted their price objective on shares of Sherwin-Williams from $400.00 to $410.00 and gave the company an “overweight” rating in a report on Wednesday, July 24th. Finally, BMO Capital Markets reiterated an “outperform” rating and set a $400.00 price objective (up previously from $386.00) on shares of Sherwin-Williams in a report on Wednesday, September 4th. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating, fourteen have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $362.68.

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.