Public Employees Retirement Association of Colorado decreased its position in Sherwin-Williams Co. (NYSE:SHW) by 0.8% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 128,434 shares of the company’s stock after selling 1,058 shares during the period. Public Employees Retirement Association of Colorado owned 0.14% of Sherwin-Williams worth $37,717,000 at the end of the most recent quarter.

Other hedge funds have also bought and sold shares of the company. BB&T Securities LLC increased its stake in Sherwin-Williams by 15.1% in the first quarter. BB&T Securities LLC now owns 5,979 shares of the company’s stock worth $1,701,000 after buying an additional 786 shares during the period. 1832 Asset Management L.P. bought a new position in shares of Sherwin-Williams during the first quarter worth approximately $6,216,000. Canada Pension Plan Investment Board boosted its position in shares of Sherwin-Williams by 23.5% in the first quarter. Canada Pension Plan Investment Board now owns 126,993 shares of the company’s stock worth $36,151,000 after buying an additional 24,196 shares in the last quarter. Meiji Yasuda Asset Management Co Ltd. boosted its position in shares of Sherwin-Williams by 6.5% in the first quarter. Meiji Yasuda Asset Management Co Ltd. now owns 3,458 shares of the company’s stock worth $984,000 after buying an additional 210 shares in the last quarter. Finally, AMF Pensionsforsakring AB boosted its position in shares of Sherwin-Williams by 7.0% in the first quarter. AMF Pensionsforsakring AB now owns 165,641 shares of the company’s stock worth $47,153,000 after buying an additional 10,830 shares in the last quarter. 74.62% of the stock is owned by institutional investors and hedge funds.

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

Shares of Sherwin-Williams Co. (NYSE:SHW) traded up 0.80% on Monday, reaching $270.90. 541,630 shares of the company’s stock were exchanged. Sherwin-Williams Co. has a 12 month low of $234.96 and a 12 month high of $312.48. The firm’s 50-day moving average price is $280.39 and its 200 day moving average price is $290.49. The company has a market cap of $24.87 billion, a price-to-earnings ratio of 22.84 and a beta of 0.92.

Sherwin-Williams (NYSE:SHW) last released its earnings results on Thursday, July 21st. The company reported $4.06 earnings per share for the quarter, missing the consensus estimate of $4.16 by $0.10. Sherwin-Williams had a return on equity of 110.16% and a net margin of 9.50%. The business had revenue of $3.22 billion for the quarter, compared to the consensus estimate of $3.28 billion. During the same quarter last year, the business posted $3.70 earnings per share. The firm’s revenue for the quarter was up 2.8% compared to the same quarter last year. Equities research analysts predict that Sherwin-Williams Co. will post $12.64 EPS for the current fiscal year.

Several research analysts recently commented on SHW shares. Morgan Stanley reissued a “buy” rating on shares of Sherwin-Williams in a report on Thursday, June 16th. Zacks Investment Research lowered Sherwin-Williams from a “hold” rating to a “sell” rating in a report on Monday, June 27th. Seaport Global Securities lowered Sherwin-Williams from an “accumulate” rating to a “neutral” rating and set a $320.00 price objective for the company. in a report on Monday, July 11th. Robert W. Baird reissued an “outperform” rating and issued a $330.00 price objective on shares of Sherwin-Williams in a report on Monday, July 25th. Finally, RBC Capital Markets reissued an “outperform” rating and issued a $335.00 price objective on shares of Sherwin-Williams in a report on Saturday, August 13th. Three equities research analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company’s stock. Sherwin-Williams has a consensus rating of “Buy” and an average price target of $324.85.

In other news, CEO John G. Morikis sold 30,353 shares of the business’s stock in a transaction dated Monday, August 1st. The stock was sold at an average price of $298.75, for a total transaction of $9,067,958.75. Following the sale, the chief executive officer now owns 119,804 shares in the company, valued at $35,791,445. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Joel D. Baxter sold 3,853 shares of the business’s stock in a transaction dated Friday, August 5th. The stock was sold at an average price of $300.16, for a total value of $1,156,516.48. Following the sale, the insider now owns 8,347 shares in the company, valued at approximately $2,505,435.52. The disclosure for this sale can be found here. Insiders own 1.89% of the company’s stock.

About Sherwin-Williams

The Sherwin-Williams Company is engaged in the development, manufacture, distribution and sale of paint, coatings and related products. The Company has four operating segments: Paint Stores Group, Consumer Group, Global Finishes Group and Latin America Coatings Group. The Paint Stores Group markets and sells architectural paint and coatings, protective and marine products, original equipment manufacturer (OEM) product finishes and related items.

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