Sentry Investment Management LLC lowered its stake in shares of Sherwin-Williams Co (NYSE:SHW) by 8.0% in the second quarter, according to its most recent 13F filing with the SEC. The firm owned 5,397 shares of the specialty chemicals company’s stock after selling 470 shares during the period. Sentry Investment Management LLC’s holdings in Sherwin-Williams were worth $2,200,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. Apertura Capital LLC purchased a new position in shares of Sherwin-Williams during the 2nd quarter worth approximately $1,956,000. BP PLC boosted its position in Sherwin-Williams by 16.7% in the 2nd quarter. BP PLC now owns 10,500 shares of the specialty chemicals company’s stock valued at $4,280,000 after buying an additional 1,500 shares during the period. Landmark Bank purchased a new position in Sherwin-Williams in the 2nd quarter valued at approximately $510,000. Fiera Capital Corp boosted its position in Sherwin-Williams by 3.3% in the 1st quarter. Fiera Capital Corp now owns 1,311,131 shares of the specialty chemicals company’s stock valued at $514,120,000 after buying an additional 42,234 shares during the period. Finally, Davis R M Inc. boosted its position in Sherwin-Williams by 2.6% in the 2nd quarter. Davis R M Inc. now owns 43,507 shares of the specialty chemicals company’s stock valued at $17,732,000 after buying an additional 1,112 shares during the period. 78.94% of the stock is owned by hedge funds and other institutional investors.

In other news, Director David F. Hodnik sold 524 shares of the firm’s stock in a transaction on Wednesday, August 8th. The shares were sold at an average price of $447.19, for a total value of $234,327.56. Following the sale, the director now directly owns 10,105 shares in the company, valued at approximately $4,518,854.95. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Chairman John G. Morikis sold 20,946 shares of the firm’s stock in a transaction on Thursday, July 26th. The shares were sold at an average price of $439.30, for a total transaction of $9,201,577.80. Following the completion of the sale, the chairman now owns 104,907 shares in the company, valued at $46,085,645.10. The disclosure for this sale can be found here. Insiders sold a total of 34,775 shares of company stock worth $15,411,619 over the last 90 days. Company insiders own 0.78% of the company’s stock.

Several brokerages have commented on SHW. Jefferies Financial Group reissued a “hold” rating and issued a $465.00 price target on shares of Sherwin-Williams in a research report on Wednesday, July 25th. Northcoast Research reissued a “buy” rating and issued a $465.00 price target on shares of Sherwin-Williams in a research report on Friday, July 27th. Credit Suisse Group set a $457.00 price target on shares of Sherwin-Williams and gave the company a “buy” rating in a research report on Wednesday, May 23rd. Morgan Stanley raised their price target on shares of Sherwin-Williams from $425.00 to $455.00 and gave the company an “overweight” rating in a research report on Tuesday, July 17th. Finally, Seaport Global Securities reissued a “buy” rating and issued a $475.00 price target on shares of Sherwin-Williams in a research report on Friday, July 27th. Eight equities research analysts have rated the stock with a hold rating, fifteen have assigned a buy rating and one has assigned a strong buy rating to the company. Sherwin-Williams presently has an average rating of “Buy” and an average price target of $461.60.

Shares of SHW opened at $456.22 on Friday. Sherwin-Williams Co has a twelve month low of $332.61 and a twelve month high of $458.90. The firm has a market capitalization of $42.27 billion, a PE ratio of 31.97, a PEG ratio of 1.97 and a beta of 1.22. The company has a current ratio of 1.20, a quick ratio of 0.75 and a debt-to-equity ratio of 2.59.

Sherwin-Williams (NYSE:SHW) last announced its quarterly earnings data on Tuesday, July 24th. The specialty chemicals company reported $5.73 earnings per share for the quarter, beating the Zacks’ consensus estimate of $5.59 by $0.14. Sherwin-Williams had a net margin of 10.84% and a return on equity of 46.68%. The business had revenue of $4.77 billion for the quarter, compared to analyst estimates of $4.65 billion. During the same period last year, the business earned $4.52 EPS. The company’s revenue was up 27.8% on a year-over-year basis. equities analysts expect that Sherwin-Williams Co will post 19.27 EPS for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, September 7th. Stockholders of record on Friday, August 17th will be issued a $0.86 dividend. The ex-dividend date is Thursday, August 16th. This represents a $3.44 dividend on an annualized basis and a dividend yield of 0.75%. Sherwin-Williams’s payout ratio is 24.11%.

Sherwin-Williams Company Profile

The Sherwin-Williams Company develops, manufactures, distributes, and sells paints, coatings, and related products to professional, industrial, commercial, and retail customers primarily in North and South America, the Caribbean, Europe, Asia, and Australia. The company operates in three segments: The Americas Group, Consumer Brands Group, and Performance Coatings Group.

Featured Story: Market Capitalization in the Stock Market

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

Receive News & Ratings for Sherwin-Williams Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Sherwin-Williams and related companies with MarketBeat.com's FREE daily email newsletter.