University of Texas Texas AM Investment Management Co. Acquires 403 Shares of The Sherwin-Williams Company (NYSE:SHW)

University of Texas Texas AM Investment Management Co. lifted its position in The Sherwin-Williams Company (NYSE:SHW) by 4.7% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 8,956 shares of the specialty chemicals company’s stock after purchasing an additional 403 shares during the quarter. University of Texas Texas AM Investment Management Co.’s holdings in Sherwin-Williams were worth $2,673,000 at the end of the most recent reporting period.

Other large investors have also recently made changes to their positions in the company. HHM Wealth Advisors LLC increased its holdings in shares of Sherwin-Williams by 102.3% in the second quarter. HHM Wealth Advisors LLC now owns 89 shares of the specialty chemicals company’s stock worth $27,000 after purchasing an additional 45 shares during the last quarter. Semmax Financial Advisors Inc. increased its holdings in shares of Sherwin-Williams by 136.4% in the second quarter. Semmax Financial Advisors Inc. now owns 104 shares of the specialty chemicals company’s stock worth $31,000 after purchasing an additional 60 shares during the last quarter. VitalStone Financial LLC increased its holdings in shares of Sherwin-Williams by 233.3% in the second quarter. VitalStone Financial LLC now owns 110 shares of the specialty chemicals company’s stock worth $33,000 after purchasing an additional 77 shares during the last quarter. Anfield Capital Management LLC bought a new stake in shares of Sherwin-Williams in the second quarter worth about $38,000. Finally, Northwest Investment Counselors LLC purchased a new position in Sherwin-Williams in the first quarter worth about $47,000. 77.67% of the stock is owned by institutional investors.

Insider Activity at Sherwin-Williams

In related news, CFO Allen J. Mistysyn sold 14,520 shares of the business’s stock in a transaction on Friday, August 30th. The shares were sold at an average price of $366.83, for a total value of $5,326,371.60. Following the completion of the sale, the chief financial officer now directly owns 63,520 shares of the company’s stock, valued at $23,301,041.60. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. 0.60% of the stock is owned by corporate insiders.

Sherwin-Williams Stock Performance

NYSE:SHW opened at $380.63 on Wednesday. The company has a fifty day simple moving average of $361.59 and a two-hundred day simple moving average of $330.33. The company has a market cap of $96.02 billion, a price-to-earnings ratio of 40.58, a price-to-earnings-growth ratio of 3.01 and a beta of 1.17. 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 Sherwin-Williams Company has a 52 week low of $232.06 and a 52 week high of $385.25.

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

Sherwin-Williams Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, September 6th. Investors of record on Friday, August 16th were given a $0.715 dividend. The ex-dividend date of this dividend was Friday, August 16th. This represents a $2.86 dividend on an annualized basis and a yield of 0.75%. Sherwin-Williams’s dividend payout ratio (DPR) is presently 30.49%.

Wall Street Analysts Forecast Growth

Several research analysts recently commented on SHW shares. Jefferies Financial Group lifted their price target on Sherwin-Williams from $392.00 to $415.00 and gave the stock a “buy” rating in a research report on Monday, August 26th. Royal Bank of Canada reiterated an “outperform” rating and issued a $418.00 price target on shares of Sherwin-Williams in a research report on Friday, August 30th. Robert W. Baird lifted their price target on Sherwin-Williams from $310.00 to $325.00 and gave the stock a “neutral” rating in a research report on Wednesday, July 24th. StockNews.com lowered Sherwin-Williams from a “buy” rating to a “hold” rating in a research report on Saturday. Finally, BMO Capital Markets lifted their price target on Sherwin-Williams from $400.00 to $425.00 and gave the stock an “outperform” rating in a research report on Monday. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating, fourteen have issued a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $370.39.

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.