Public Employees Retirement System of Ohio Sells 5,005 Shares of The Sherwin-Williams Company (NYSE:SHW)

Public Employees Retirement System of Ohio decreased its holdings in The Sherwin-Williams Company (NYSE:SHW - Free Report) by 4.7% in the 4th quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 101,483 shares of the specialty chemicals company's stock after selling 5,005 shares during the quarter. Public Employees Retirement System of Ohio's holdings in Sherwin-Williams were worth $34,497,000 as of its most recent filing with the SEC.

A number of other hedge funds have also made changes to their positions in the stock. Midwest Capital Advisors LLC acquired a new stake in Sherwin-Williams in the 4th quarter worth approximately $26,000. Lee Danner & Bass Inc. bought a new stake in Sherwin-Williams during the fourth quarter valued at about $28,000. Sierra Ocean LLC bought a new position in shares of Sherwin-Williams in the fourth quarter worth about $36,000. WR Wealth Planners LLC boosted its stake in Sherwin-Williams by 41.7% during the 4th quarter. WR Wealth Planners LLC now owns 119 shares of the specialty chemicals company's stock valued at $40,000 after purchasing an additional 35 shares during the period. Finally, AlphaMark Advisors LLC acquired a new stake in Sherwin-Williams in the 4th quarter valued at approximately $41,000. Institutional investors and hedge funds own 77.67% of the company's stock.

Wall Street Analyst Weigh In

Several research analysts have recently issued reports on the stock. JPMorgan Chase & Co. boosted their price objective on shares of Sherwin-Williams from $370.00 to $390.00 and gave the stock an "overweight" rating in a report on Monday, February 3rd. UBS Group cut their price target on Sherwin-Williams from $430.00 to $400.00 and set a "buy" rating for the company in a report on Monday, April 7th. Barclays reduced their price objective on Sherwin-Williams from $385.00 to $355.00 and set an "equal weight" rating for the company in a research report on Tuesday, April 1st. Mizuho set a $395.00 target price on Sherwin-Williams in a research note on Tuesday, April 15th. Finally, Royal Bank of Canada raised their target price on Sherwin-Williams from $410.00 to $420.00 and gave the stock an "outperform" rating in a research report on Thursday, May 1st. Five research analysts have rated the stock with a hold rating, eleven have issued a buy rating and two have assigned a strong buy rating to the company's stock. According to data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average price target of $397.00.

Sherwin-Williams Stock Up 0.1%

Shares of NYSE:SHW traded up $0.29 during midday trading on Thursday, reaching $355.02. The company had a trading volume of 200,962 shares, compared to its average volume of 1,752,599. The Sherwin-Williams Company has a 1-year low of $282.09 and a 1-year high of $400.42. The stock has a market cap of $88.97 billion, a PE ratio of 33.64, a P/E/G ratio of 2.98 and a beta of 1.25. The business's 50 day moving average price is $344.22 and its 200 day moving average price is $354.28. The company has a quick ratio of 0.46, a current ratio of 0.79 and a debt-to-equity ratio of 2.02.

Sherwin-Williams (NYSE:SHW - Get Free Report) last announced its quarterly earnings results on Tuesday, April 29th. The specialty chemicals company reported $2.25 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.23 by $0.02. Sherwin-Williams had a return on equity of 74.50% and a net margin of 11.61%. The business had revenue of $5.31 billion during the quarter, compared to the consensus estimate of $5.42 billion. During the same quarter last year, the firm posted $2.17 EPS. The company's quarterly revenue was down 1.1% on a year-over-year basis. Research analysts forecast that The Sherwin-Williams Company will post 12 EPS for the current fiscal year.

Sherwin-Williams Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, June 6th. Shareholders of record on Friday, May 16th will be given a dividend of $0.79 per share. This represents a $3.16 annualized dividend and a yield of 0.89%. The ex-dividend date of this dividend is Friday, May 16th. Sherwin-Williams's payout ratio is 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.