Marble Harbor Investment Counsel LLC Has $3.30 Million Position in The Sherwin-Williams Company (NYSE:SHW)

Marble Harbor Investment Counsel LLC increased its stake in shares of The Sherwin-Williams Company (NYSE:SHW) by 3.1% during the second quarter, HoldingsChannel reports. The institutional investor owned 11,059 shares of the specialty chemicals company’s stock after buying an additional 335 shares during the quarter. Marble Harbor Investment Counsel LLC’s holdings in Sherwin-Williams were worth $3,300,000 at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in SHW. Conning Inc. grew its holdings in Sherwin-Williams by 1.9% during the 2nd quarter. Conning Inc. now owns 1,606 shares of the specialty chemicals company’s stock worth $479,000 after acquiring an additional 30 shares during the period. Oxbow Advisors LLC grew its stake in shares of Sherwin-Williams by 4.5% in the 2nd quarter. Oxbow Advisors LLC now owns 690 shares of the specialty chemicals company’s stock valued at $206,000 after buying an additional 30 shares during the period. Global X Japan Co. Ltd. grew its stake in shares of Sherwin-Williams by 2.2% in the 2nd quarter. Global X Japan Co. Ltd. now owns 1,403 shares of the specialty chemicals company’s stock valued at $419,000 after buying an additional 30 shares during the period. Optas LLC grew its stake in shares of Sherwin-Williams by 1.3% in the 2nd quarter. Optas LLC now owns 2,424 shares of the specialty chemicals company’s stock valued at $723,000 after buying an additional 32 shares during the period. Finally, Capital Advisors Ltd. LLC grew its stake in shares of 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. Institutional investors and hedge funds own 77.67% of the company’s stock.

Insider Transactions at Sherwin-Williams

In related news, CFO Allen J. Mistysyn sold 14,520 shares of Sherwin-Williams stock in a transaction dated Friday, August 30th. The shares were sold at an average price of $366.83, for a total transaction of $5,326,371.60. Following the completion of the sale, the chief financial officer now owns 63,520 shares in the company, valued at approximately $23,301,041.60. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Company insiders own 0.60% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts have recently commented on the company. KeyCorp raised their target price on Sherwin-Williams from $400.00 to $410.00 and gave the company an “overweight” rating in a research note on Wednesday, July 24th. Evercore ISI raised their price target on shares of Sherwin-Williams from $365.00 to $380.00 and gave the company an “outperform” rating in a research report on Friday, August 30th. UBS Group raised their price target on shares of Sherwin-Williams from $375.00 to $412.00 and gave the company a “buy” rating in a research report on Friday, August 30th. Wells Fargo & Company raised their price target on shares of Sherwin-Williams from $320.00 to $350.00 and gave the company an “equal weight” rating in a research report on Wednesday, July 24th. Finally, The Goldman Sachs Group raised their price target 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. One research analyst has rated the stock with a sell rating, seven have issued a hold rating, fourteen have issued a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, Sherwin-Williams presently has a consensus rating of “Moderate Buy” and an average target price of $362.68.

Sherwin-Williams Stock Up 0.4 %

SHW opened at $375.40 on Monday. The company has a market capitalization of $94.70 billion, a PE ratio of 40.02, a PEG ratio of 2.94 and a beta of 1.17. The Sherwin-Williams Company has a 1-year low of $232.06 and a 1-year high of $378.86. The firm’s 50 day simple moving average is $346.75 and its two-hundred day simple moving average is $326.70. The company has a current ratio of 0.81, a quick ratio of 0.50 and a debt-to-equity ratio of 2.17.

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, beating the consensus estimate of $3.51 by $0.19. Sherwin-Williams had a net margin of 10.92% and a return on equity of 75.58%. The company had revenue of $6.27 billion during the quarter, compared to analysts’ expectations of $6.33 billion. During the same period last year, the company posted $3.29 earnings per share. Sherwin-Williams’s quarterly revenue was up .5% on a year-over-year basis. As a group, equities analysts forecast that The Sherwin-Williams Company will post 11.47 EPS for the current year.

Sherwin-Williams Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, September 6th. Stockholders of record on Friday, August 16th were issued a $0.715 dividend. The ex-dividend date was Friday, August 16th. This represents a $2.86 annualized dividend and a dividend yield of 0.76%. Sherwin-Williams’s dividend payout ratio (DPR) is presently 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.