Taylor Hoffman Wealth Management lessened its position in Sherwin-Williams Co (NYSE:SHW) by 59.2% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 117 shares of the specialty chemicals company’s stock after selling 170 shares during the quarter. Taylor Hoffman Wealth Management’s holdings in Sherwin-Williams were worth $54,000 at the end of the most recent reporting period.

Other institutional investors have also recently added to or reduced their stakes in the company. Investors Research Corp bought a new stake in shares of Sherwin-Williams in the 1st quarter worth about $25,000. Thor Advisors LLC purchased a new position in Sherwin-Williams in the 1st quarter worth about $25,000. Hexavest Inc. purchased a new position in Sherwin-Williams in the 2nd quarter worth about $27,000. Next Capital Management LLC purchased a new position in Sherwin-Williams during the 2nd quarter valued at about $27,000. Finally, Penserra Capital Management LLC purchased a new position in Sherwin-Williams during the 1st quarter valued at about $28,000. Hedge funds and other institutional investors own 76.72% of the company’s stock.

A number of research analysts have commented on SHW shares. Barclays raised their target price on shares of Sherwin-Williams from $470.00 to $505.00 and gave the company an “equal weight” rating in a research report on Wednesday, July 24th. Argus raised their target price on shares of Sherwin-Williams from $480.00 to $527.00 and gave the company a “buy” rating in a research report on Friday, April 26th. Zacks Investment Research raised shares of Sherwin-Williams from a “sell” rating to a “hold” rating and set a $526.00 target price on the stock in a research report on Thursday, July 25th. Morgan Stanley set a $600.00 target price on shares of Sherwin-Williams and gave the company a “buy” rating in a research report on Monday, August 12th. Finally, BMO Capital Markets raised their target price on shares of Sherwin-Williams to $517.00 and gave the company a “market perform” rating in a research report on Monday, July 29th. They noted that the move was a valuation call. Nine research analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company. The stock currently has an average rating of “Buy” and an average price target of $518.63.

In related news, Chairman John G. Morikis sold 16,260 shares of Sherwin-Williams stock in a transaction dated Wednesday, June 12th. The stock was sold at an average price of $471.26, for a total transaction of $7,662,687.60. Following the completion of the sale, the chairman now owns 112,276 shares in the company, valued at approximately $52,911,187.76. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director Jeff M. Fettig acquired 500 shares of the company’s stock in a transaction that occurred on Wednesday, May 22nd. The shares were bought at an average price of $432.07 per share, with a total value of $216,035.00. The disclosure for this purchase can be found here. In the last 90 days, insiders sold 31,608 shares of company stock valued at $15,329,391. Company insiders own 0.50% of the company’s stock.

Shares of SHW stock traded down $1.06 during mid-day trading on Monday, reaching $529.03. The stock had a trading volume of 17,989 shares, compared to its average volume of 641,401. Sherwin-Williams Co has a 12-month low of $355.28 and a 12-month high of $532.02. The company has a market cap of $47.99 billion, a P/E ratio of 28.54, a price-to-earnings-growth ratio of 2.04 and a beta of 1.28. The business has a 50-day simple moving average of $487.52 and a 200 day simple moving average of $452.22. The company has a current ratio of 0.80, a quick ratio of 0.50 and a debt-to-equity ratio of 2.29.

Sherwin-Williams (NYSE:SHW) last announced its quarterly earnings results on Tuesday, July 23rd. The specialty chemicals company reported $6.57 earnings per share for the quarter, beating analysts’ consensus estimates of $6.35 by $0.22. Sherwin-Williams had a return on equity of 48.92% and a net margin of 6.61%. The business had revenue of $4.88 billion during the quarter, compared to analysts’ expectations of $4.94 billion. During the same quarter last year, the business posted $5.73 earnings per share. The business’s revenue for the quarter was up 2.2% on a year-over-year basis. Research analysts anticipate that Sherwin-Williams Co will post 21.1 EPS for the current year.

The company also recently declared a quarterly dividend, which will be paid on Friday, September 6th. Stockholders of record on Friday, August 16th will be given a $1.13 dividend. This represents a $4.52 dividend on an annualized basis and a dividend yield of 0.85%. The ex-dividend date of this dividend is Thursday, August 15th. Sherwin-Williams’s dividend payout ratio is currently 24.39%.

Sherwin-Williams Profile

The Sherwin-Williams Company develops, manufactures, distributes, and sells paints, coatings, and related products to professional, industrial, commercial, and retail customers. It operates in three segments: The Americas Group, Consumer Brands Group, and Performance Coatings Group. The Americas Group segment offers architectural paints and coatings, and protective and marine products, as well as OEM product finishes and related products for architectural and industrial paint contractors and do-it-yourself homeowners.

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

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