Trust Co. of Oklahoma Grows Holdings in The Sherwin-Williams Company (NYSE:SHW)

Trust Co. of Oklahoma lifted its stake in shares of The Sherwin-Williams Company (NYSE:SHW) by 2.0% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 3,678 shares of the specialty chemicals company’s stock after acquiring an additional 72 shares during the period. Trust Co. of Oklahoma’s holdings in Sherwin-Williams were worth $1,404,000 as of its most recent SEC filing.

Several other large investors have also modified their holdings of the stock. Vanguard Group Inc. raised its holdings in Sherwin-Williams by 0.9% in the first quarter. Vanguard Group Inc. now owns 21,620,939 shares of the specialty chemicals company’s stock valued at $7,509,601,000 after buying an additional 184,979 shares during the period. Capital International Investors grew its position in Sherwin-Williams by 10.5% in the first quarter. Capital International Investors now owns 2,302,120 shares of the specialty chemicals company’s stock valued at $799,595,000 after acquiring an additional 219,149 shares in the last quarter. Legal & General Group Plc grew its position in Sherwin-Williams by 2.9% in the second quarter. Legal & General Group Plc now owns 1,921,846 shares of the specialty chemicals company’s stock valued at $573,538,000 after acquiring an additional 53,487 shares in the last quarter. PineStone Asset Management Inc. grew its position in Sherwin-Williams by 132.8% in the second quarter. PineStone Asset Management Inc. now owns 1,609,392 shares of the specialty chemicals company’s stock valued at $480,291,000 after acquiring an additional 917,979 shares in the last quarter. Finally, D. E. Shaw & Co. Inc. grew its position in Sherwin-Williams by 18.5% in the second quarter. D. E. Shaw & Co. Inc. now owns 1,524,367 shares of the specialty chemicals company’s stock valued at $454,917,000 after acquiring an additional 238,031 shares in the last quarter. 77.67% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity at Sherwin-Williams

In related news, CFO Allen J. Mistysyn sold 14,520 shares of Sherwin-Williams stock in a transaction dated 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 sale, the chief financial officer now directly owns 63,520 shares in the company, valued at $23,301,041.60. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 0.60% of the company’s stock.

Sherwin-Williams Stock Performance

SHW stock traded up $4.79 during mid-day trading on Tuesday, reaching $388.95. The company had a trading volume of 623,635 shares, compared to its average volume of 1,534,679. 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 stock has a market capitalization of $98.12 billion, a P/E ratio of 39.91, a P/E/G ratio of 2.95 and a beta of 1.17. The Sherwin-Williams Company has a one year low of $232.06 and a one year high of $392.57. The stock’s 50-day simple moving average is $366.92 and its two-hundred day simple moving average is $332.45.

Sherwin-Williams (NYSE:SHW) last posted its earnings results on Tuesday, July 23rd. The specialty chemicals company reported $3.70 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.51 by $0.19. The company had revenue of $6.27 billion for the quarter, compared to analysts’ expectations of $6.33 billion. Sherwin-Williams had a return on equity of 75.58% and a net margin of 10.92%. The firm’s quarterly revenue was up .5% compared to the same quarter last year. During the same period last year, the business posted $3.29 earnings per share. Research analysts anticipate that The Sherwin-Williams Company will post 11.5 EPS for the current year.

Sherwin-Williams Dividend Announcement

The business 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. This represents a $2.86 dividend on an annualized basis and a dividend yield of 0.74%. The ex-dividend date was Friday, August 16th. Sherwin-Williams’s dividend payout ratio is currently 29.15%.

Wall Street Analysts Forecast Growth

SHW has been the subject of several recent research reports. UBS Group increased their price objective on shares of Sherwin-Williams from $375.00 to $412.00 and gave the company a “buy” rating in a research report on Friday, August 30th. Barclays raised 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 report on Wednesday, July 24th. KeyCorp reissued a “sector weight” rating on shares of Sherwin-Williams in a research report on Monday, October 7th. The Goldman Sachs Group raised their price target on shares of Sherwin-Williams from $344.00 to $390.00 and gave the stock a “buy” rating in a research report on Wednesday, July 24th. Finally, StockNews.com downgraded shares of Sherwin-Williams from a “buy” rating to a “hold” rating in a research report on Saturday, September 28th. One analyst has rated the stock with a sell rating, seven have assigned a hold rating, thirteen have given a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $373.17.

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.