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:SHWFree Report) 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.

View Our Latest Analysis on Sherwin-Williams

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:SHWGet Free Report) 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

(Free Report)

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.

Further Reading

Want to see what other hedge funds are holding SHW? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for The Sherwin-Williams Company (NYSE:SHWFree Report).

Institutional Ownership by Quarter for Sherwin-Williams (NYSE:SHW)

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