New York State Common Retirement Fund Purchases 41,600 Shares of The Sherwin-Williams Company (NYSE:SHW)

New York State Common Retirement Fund lifted its holdings in shares of The Sherwin-Williams Company (NYSE:SHW - Free Report) by 13.6% during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 347,236 shares of the specialty chemicals company's stock after purchasing an additional 41,600 shares during the quarter. New York State Common Retirement Fund owned approximately 0.14% of Sherwin-Williams worth $121,251,000 as of its most recent SEC filing.

Several other hedge funds also recently modified their holdings of the business. Brighton Jones LLC boosted its holdings in shares of Sherwin-Williams by 73.6% during the 4th quarter. Brighton Jones LLC now owns 1,545 shares of the specialty chemicals company's stock worth $525,000 after buying an additional 655 shares during the period. Proficio Capital Partners LLC boosted its holdings in shares of Sherwin-Williams by 22.5% during the 4th quarter. Proficio Capital Partners LLC now owns 1,411 shares of the specialty chemicals company's stock worth $479,000 after buying an additional 259 shares during the period. Greykasell Wealth Strategies Inc. bought a new stake in shares of Sherwin-Williams during the 4th quarter worth $611,000. Copperwynd Financial LLC boosted its holdings in shares of Sherwin-Williams by 5.0% during the 4th quarter. Copperwynd Financial LLC now owns 2,740 shares of the specialty chemicals company's stock worth $931,000 after buying an additional 131 shares during the period. Finally, Envestnet Portfolio Solutions Inc. boosted its holdings in shares of Sherwin-Williams by 3.5% during the 4th quarter. Envestnet Portfolio Solutions Inc. now owns 21,292 shares of the specialty chemicals company's stock worth $7,238,000 after buying an additional 718 shares during the period. Institutional investors and hedge funds own 77.67% of the company's stock.

Analyst Ratings Changes

Several research firms recently issued reports on SHW. Wells Fargo & Company raised shares of Sherwin-Williams from an "equal weight" rating to an "overweight" rating and upped their price objective for the stock from $350.00 to $420.00 in a report on Wednesday, April 30th. Morgan Stanley decreased their price target on shares of Sherwin-Williams from $405.00 to $385.00 and set an "overweight" rating on the stock in a research report on Tuesday, April 22nd. UBS Group raised their price target on shares of Sherwin-Williams from $398.00 to $410.00 and gave the stock a "buy" rating in a research report on Wednesday. Royal Bank Of Canada raised their price target on shares of Sherwin-Williams from $410.00 to $420.00 and gave the stock an "outperform" rating in a research report on Thursday, May 1st. Finally, Citigroup lowered shares of Sherwin-Williams from a "buy" rating to a "neutral" rating and decreased their price target for the stock from $405.00 to $385.00 in a research report on Friday, June 13th. One research analyst has rated the stock with a sell rating, six have issued a hold rating, ten have issued a buy rating and two have given a strong buy rating to the company. According to data from MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus price target of $391.94.

Sherwin-Williams Price Performance

Shares of Sherwin-Williams stock traded down $5.93 during trading on Friday, hitting $345.90. 1,034,538 shares of the company's stock traded hands, compared to its average volume of 1,721,347. The company has a debt-to-equity ratio of 1.90, a current ratio of 0.77 and a quick ratio of 0.45. The firm's fifty day moving average price is $351.12 and its 200 day moving average price is $348.01. The Sherwin-Williams Company has a twelve month low of $308.84 and a twelve month high of $400.42. The company has a market cap of $86.68 billion, a PE ratio of 32.69, a PEG ratio of 3.11 and a beta of 1.18.

Sherwin-Williams (NYSE:SHW - Get Free Report) last issued its earnings results on Tuesday, April 29th. The specialty chemicals company reported $2.25 earnings per share for the quarter, beating the consensus estimate of $2.23 by $0.02. Sherwin-Williams had a net margin of 11.63% and a return on equity of 71.86%. The business had revenue of $5.31 billion for the quarter, compared to analyst estimates of $5.42 billion. During the same period in the previous year, the business earned $2.17 EPS. The firm's revenue was down 1.1% on a year-over-year basis. Analysts forecast that The Sherwin-Williams Company will post 12 earnings per share for the current year.

Sherwin-Williams Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, June 6th. Investors of record on Friday, May 16th were issued a dividend of $0.79 per share. This represents a $3.16 annualized dividend and a yield of 0.91%. The ex-dividend date of this dividend was Friday, May 16th. Sherwin-Williams's dividend payout ratio is currently 29.87%.

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.