Bokf Na Sells 448 Shares of The Sherwin-Williams Company (NYSE:SHW)

Bokf Na trimmed its holdings in shares of The Sherwin-Williams Company (NYSE:SHW) by 13.2% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 2,937 shares of the specialty chemicals company’s stock after selling 448 shares during the period. Bokf Na’s holdings in Sherwin-Williams were worth $876,000 at the end of the most recent quarter.

Several other institutional investors have also added to or reduced their stakes in the business. Conning Inc. boosted its stake in Sherwin-Williams by 1.9% during the 2nd quarter. Conning Inc. now owns 1,606 shares of the specialty chemicals company’s stock valued at $479,000 after purchasing an additional 30 shares during the last quarter. Oxbow Advisors LLC boosted 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 worth $206,000 after buying an additional 30 shares during the last quarter. Global X Japan Co. Ltd. boosted 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 worth $419,000 after buying an additional 30 shares during the last quarter. Optas LLC boosted 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 worth $723,000 after buying an additional 32 shares during the last quarter. Finally, Capital Advisors Ltd. LLC boosted 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 worth $350,000 after buying an additional 33 shares during the last quarter. 77.67% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

In related news, CFO Allen J. Mistysyn sold 14,520 shares of the stock in a transaction that occurred on Friday, August 30th. The stock was sold at an average price of $366.83, for a total value of $5,326,371.60. Following the transaction, the chief financial officer now owns 63,520 shares of the company’s stock, valued at $23,301,041.60. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Insiders own 0.60% of the company’s stock.

Wall Street Analyst Weigh In

SHW has been the topic of several analyst reports. Redburn Atlantic upgraded Sherwin-Williams to a “strong-buy” rating in a research report on Thursday, July 18th. Robert W. Baird lifted their target price on Sherwin-Williams from $310.00 to $325.00 and gave the company a “neutral” rating in a research report on Wednesday, July 24th. Barclays lifted their target price on Sherwin-Williams from $315.00 to $355.00 and gave the company an “equal weight” rating in a research report on Wednesday, July 24th. KeyCorp raised their price target on Sherwin-Williams from $400.00 to $410.00 and gave the company an “overweight” rating in a report on Wednesday, July 24th. Finally, BMO Capital Markets reissued an “outperform” rating and set a $400.00 price target (up from $386.00) on shares of Sherwin-Williams in a report on Wednesday, September 4th. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating, fourteen have given a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, Sherwin-Williams has an average rating of “Moderate Buy” and an average price target of $362.68.

Sherwin-Williams Trading Up 0.4 %

SHW opened at $375.40 on Monday. The stock has a market cap of $94.70 billion, a price-to-earnings ratio of 40.02, a P/E/G ratio of 2.94 and a beta of 1.17. The stock’s 50 day moving average price is $346.75 and its 200-day moving average price is $326.70. The Sherwin-Williams Company has a one year low of $232.06 and a one year high of $378.86. The company has a debt-to-equity ratio of 2.17, a quick ratio of 0.50 and a current ratio of 0.81.

Sherwin-Williams (NYSE:SHW) last released its earnings results on Tuesday, July 23rd. The specialty chemicals company reported $3.70 EPS for the quarter, beating analysts’ consensus estimates of $3.51 by $0.19. The firm had revenue of $6.27 billion for the quarter, compared to analysts’ expectations of $6.33 billion. Sherwin-Williams had a return on equity of 75.58% and a net margin of 10.92%. The company’s quarterly revenue was up .5% on a year-over-year basis. During the same quarter in the prior year, the firm posted $3.29 earnings per share. On average, equities analysts forecast that The Sherwin-Williams Company will post 11.47 EPS for the current year.

Sherwin-Williams Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, September 6th. Stockholders of record on Friday, August 16th were paid a dividend of $0.715 per share. The ex-dividend date was Friday, August 16th. This represents a $2.86 dividend on an annualized basis and a dividend yield of 0.76%. Sherwin-Williams’s dividend payout ratio is 30.49%.

Sherwin-Williams Company 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.