Teacher Retirement System of Texas Buys 4,389 Shares of The Sherwin-Williams Company $SHW

Key Points

• Teacher Retirement System of Texas increased its stake in The Sherwin‑Williams Company by 5.9% in Q4, buying 4,389 shares to hold 79,262 shares worth about $25.68 million.
• Company insiders sold notable positions: SVP Bryan J. Young sold 2,513 shares at $364.47 (a 20.01% reduction) and Colin M. Davie sold 2,976 shares at $359.50 (a 35.68% reduction).
• Analysts give SHW a consensus "Moderate Buy" rating with an average price target of roughly $379.08, though UBS and Citigroup recently trimmed their targets to $380 and $385, respectively.

Teacher Retirement System of Texas increased its stake in The Sherwin-Williams Company (NYSE:SHW - Free Report) by 5.9% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 79,262 shares of the specialty chemicals company's stock after purchasing an additional 4,389 shares during the period. Teacher Retirement System of Texas' holdings in Sherwin-Williams were worth $25,683,000 as of its most recent filing with the SEC.

A number of other hedge funds also recently modified their holdings of the stock. Kingswood Wealth Advisors LLC increased its position in shares of Sherwin-Williams by 73.3% in the fourth quarter. Kingswood Wealth Advisors LLC now owns 1,125 shares of the specialty chemicals company's stock worth $365,000 after purchasing an additional 476 shares during the period. KLP Kapitalforvaltning AS increased its position in shares of Sherwin-Williams by 0.3% in the fourth quarter. KLP Kapitalforvaltning AS now owns 115,382 shares of the specialty chemicals company's stock worth $37,387,000 after purchasing an additional 300 shares during the period. Accretive Wealth Partners LLC bought a new position in shares of Sherwin-Williams in the fourth quarter worth $244,000. CFM Wealth Partners LLC increased its position in shares of Sherwin-Williams by 0.8% in the fourth quarter. CFM Wealth Partners LLC now owns 18,515 shares of the specialty chemicals company's stock worth $5,999,000 after purchasing an additional 145 shares during the period. Finally, Optas LLC increased its position in shares of Sherwin-Williams by 15.7% in the fourth quarter. Optas LLC now owns 2,974 shares of the specialty chemicals company's stock worth $964,000 after purchasing an additional 403 shares during the period. Institutional investors own 77.67% of the company's stock.

Insider Activity

In other news, SVP Bryan J. Young sold 2,513 shares of the business's stock in a transaction dated Tuesday, February 24th. The stock was sold at an average price of $364.47, for a total transaction of $915,913.11. Following the sale, the senior vice president directly owned 10,045 shares in the company, valued at approximately $3,661,101.15. The trade was a 20.01% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, insider Colin M. Davie sold 2,976 shares of the company's stock in a transaction that occurred on Monday, February 2nd. The shares were sold at an average price of $359.50, for a total value of $1,069,872.00. Following the completion of the sale, the insider owned 5,365 shares in the company, valued at $1,928,717.50. The trade was a 35.68% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders own 0.23% of the company's stock.

Analysts Set New Price Targets

Several research analysts have commented on SHW shares. Weiss Ratings reissued a "hold (c+)" rating on shares of Sherwin-Williams in a research note on Friday, March 27th. Zacks Research raised Sherwin-Williams from a "strong sell" rating to a "hold" rating in a research note on Tuesday, March 31st. Vertical Research raised Sherwin-Williams from a "hold" rating to a "buy" rating and set a $371.00 target price for the company in a research note on Wednesday, January 7th. UBS Group lowered their target price on Sherwin-Williams from $420.00 to $380.00 and set a "buy" rating for the company in a research note on Thursday, April 2nd. Finally, Citigroup lowered their target price on Sherwin-Williams from $410.00 to $385.00 and set a "buy" rating for the company in a research note on Wednesday, April 1st. Nine equities research analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company's stock. According to data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average price target of $379.08.

Sherwin-Williams Stock Performance

NYSE:SHW opened at $337.88 on Friday. The stock has a market cap of $83.58 billion, a P/E ratio of 32.90, a price-to-earnings-growth ratio of 2.88 and a beta of 1.27. The company has a current ratio of 0.87, a quick ratio of 0.53 and a debt-to-equity ratio of 2.03. The stock's 50-day moving average is $335.10 and its 200-day moving average is $338.31. The Sherwin-Williams Company has a 1-year low of $301.58 and a 1-year high of $379.65.

Sherwin-Williams (NYSE:SHW - Get Free Report) last released its quarterly earnings results on Thursday, January 29th. The specialty chemicals company reported $2.23 earnings per share for the quarter, topping the consensus estimate of $2.16 by $0.07. The company had revenue of $5.60 billion for the quarter, compared to analysts' expectations of $5.57 billion. Sherwin-Williams had a return on equity of 65.26% and a net margin of 10.90%.The business's quarterly revenue was up 5.6% compared to the same quarter last year. During the same period in the previous year, the business posted $2.09 earnings per share. Equities research analysts anticipate that The Sherwin-Williams Company will post 11.82 earnings per share for the current year.

Sherwin-Williams Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, June 5th. Stockholders of record on Friday, May 22nd will be issued a dividend of $0.80 per share. This represents a $3.20 annualized dividend and a dividend yield of 0.9%. The ex-dividend date is Friday, May 22nd. Sherwin-Williams's payout ratio is 31.16%.

Sherwin-Williams Company Profile

Sherwin-Williams NYSE: SHW is a global manufacturer and distributor of paints, coatings and related products. Founded in 1866 and headquartered in Cleveland, Ohio, the company supplies a broad range of coatings for residential, commercial and industrial applications. Its product offering includes architectural paints and stains, industrial and protective coatings, automotive finishes, and a variety of sundry products such as primers, sealants and specialty treatments used by professionals and consumers.

The company sells through multiple channels, including a large network of company-operated retail paint stores that serve professional contractors and do-it-yourself consumers, as well as through distributors and mass retailers.

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