Raub Brock Capital Management LP Sells 2,467 Shares of The Sherwin-Williams Company (NYSE:SHW)

Raub Brock Capital Management LP cut its holdings in The Sherwin-Williams Company (NYSE:SHW) by 4.0% during the second quarter, HoldingsChannel reports. The firm owned 59,042 shares of the specialty chemicals company’s stock after selling 2,467 shares during the period. Sherwin-Williams comprises 3.8% of Raub Brock Capital Management LP’s investment portfolio, making the stock its 11th biggest position. Raub Brock Capital Management LP’s holdings in Sherwin-Williams were worth $17,620,000 at the end of the most recent quarter.

Other large investors have also made changes to their positions in the company. Conning Inc. raised its holdings in Sherwin-Williams by 1.9% in the 2nd quarter. Conning Inc. now owns 1,606 shares of the specialty chemicals company’s stock valued at $479,000 after acquiring an additional 30 shares in the last quarter. Oxbow Advisors LLC lifted its position in Sherwin-Williams by 4.5% in the second quarter. Oxbow Advisors LLC now owns 690 shares of the specialty chemicals company’s stock worth $206,000 after purchasing an additional 30 shares during the period. Optas LLC boosted its stake in Sherwin-Williams by 1.3% during the second quarter. Optas LLC now owns 2,424 shares of the specialty chemicals company’s stock worth $723,000 after buying an additional 32 shares in the last quarter. Capital Advisors Ltd. LLC increased its holdings in Sherwin-Williams by 2.9% in the 2nd quarter. Capital Advisors Ltd. LLC now owns 1,173 shares of the specialty chemicals company’s stock valued at $350,000 after buying an additional 33 shares during the period. Finally, Meixler Investment Management Ltd. raised its stake in shares of Sherwin-Williams by 5.1% in the 2nd quarter. Meixler Investment Management Ltd. now owns 695 shares of the specialty chemicals company’s stock valued at $207,000 after buying an additional 34 shares in the last quarter. Institutional investors and hedge funds own 77.67% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages have recently weighed in on SHW. The Goldman Sachs Group lifted their target price on shares of Sherwin-Williams from $344.00 to $390.00 and gave the company a “buy” rating in a research report on Wednesday, July 24th. KeyCorp increased their target price on Sherwin-Williams from $400.00 to $410.00 and gave the stock an “overweight” rating in a report on Wednesday, July 24th. BMO Capital Markets reaffirmed an “outperform” rating and issued a $400.00 price target (up previously from $386.00) on shares of Sherwin-Williams in a research note on Wednesday. Morgan Stanley upped their target price on shares of Sherwin-Williams from $338.00 to $375.00 and gave the stock an “overweight” rating in a report on Wednesday, July 24th. Finally, Robert W. Baird increased 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. One analyst has rated the stock with a sell rating, seven have assigned a hold rating, fourteen have given a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $362.68.

Insider Activity

In related news, CFO Allen J. Mistysyn sold 14,520 shares of the stock in a transaction dated Friday, August 30th. The stock was sold at an average price of $366.83, for a total transaction of $5,326,371.60. Following the completion of the transaction, the chief financial officer now directly owns 63,520 shares in the company, valued at $23,301,041.60. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Corporate insiders own 0.60% of the company’s stock.

Sherwin-Williams Trading Up 0.2 %

SHW traded up $0.75 during mid-day trading on Friday, hitting $360.83. The stock had a trading volume of 1,171,249 shares, compared to its average volume of 1,364,089. The stock’s fifty day simple moving average is $339.22 and its 200-day simple moving average is $324.97. The firm has a market capitalization of $91.49 billion, a price-to-earnings ratio of 38.47, a price-to-earnings-growth ratio of 2.85 and a beta of 1.17. The Sherwin-Williams Company has a 1-year low of $232.06 and a 1-year high of $371.19. The company has a debt-to-equity ratio of 2.17, a current ratio of 0.81 and a quick ratio of 0.50.

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

Sherwin-Williams Announces Dividend

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

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.