Citizens Financial Group Inc. RI Has $1.23 Million Holdings in The Sherwin-Williams Company (NYSE:SHW)

Citizens Financial Group Inc. RI raised its position in The Sherwin-Williams Company (NYSE:SHW) by 12.7% during the second quarter, according to its most recent filing with the SEC. The firm owned 4,105 shares of the specialty chemicals company’s stock after purchasing an additional 461 shares during the period. Citizens Financial Group Inc. RI’s holdings in Sherwin-Williams were worth $1,225,000 as of its most recent filing with the SEC.

A number of other institutional investors also recently modified their holdings of the company. One Capital Management LLC lifted its holdings in Sherwin-Williams by 4.8% in the second quarter. One Capital Management LLC now owns 3,379 shares of the specialty chemicals company’s stock valued at $1,008,000 after buying an additional 155 shares during the period. Quantbot Technologies LP boosted its position in shares of Sherwin-Williams by 166.0% during the 2nd quarter. Quantbot Technologies LP now owns 36,533 shares of the specialty chemicals company’s stock valued at $10,903,000 after purchasing an additional 22,797 shares in the last quarter. Dimensional Fund Advisors LP grew its stake in Sherwin-Williams by 13.4% during the second quarter. Dimensional Fund Advisors LP now owns 1,316,857 shares of the specialty chemicals company’s stock worth $392,986,000 after purchasing an additional 155,779 shares during the period. Marble Harbor Investment Counsel LLC increased its holdings in Sherwin-Williams by 3.1% in the second quarter. Marble Harbor Investment Counsel LLC now owns 11,059 shares of the specialty chemicals company’s stock worth $3,300,000 after purchasing an additional 335 shares in the last quarter. Finally, Plato Investment Management Ltd lifted its stake in Sherwin-Williams by 12.8% in the second quarter. Plato Investment Management Ltd now owns 14,076 shares of the specialty chemicals company’s stock valued at $4,201,000 after buying an additional 1,598 shares during the period. 77.67% of the stock is owned by institutional investors.

Insider Activity at Sherwin-Williams

In other Sherwin-Williams news, CFO Allen J. Mistysyn sold 14,520 shares of the 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 transaction, the chief financial officer now owns 63,520 shares in the company, valued at $23,301,041.60. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 0.60% of the stock is currently owned by company insiders.

Analyst Ratings Changes

Several analysts have recently weighed in on the stock. Barclays lifted their price objective on shares of Sherwin-Williams from $315.00 to $355.00 and gave the company an “equal weight” rating in a research note on Wednesday, July 24th. Jefferies Financial Group upped their price target on Sherwin-Williams from $392.00 to $415.00 and gave the stock a “buy” rating in a research note on Monday, August 26th. Robert W. Baird raised their price objective on Sherwin-Williams from $310.00 to $325.00 and gave the company a “neutral” rating in a research note on Wednesday, July 24th. KeyCorp raised their price objective on shares of Sherwin-Williams from $400.00 to $410.00 and gave the company an “overweight” rating in a research note on Wednesday, July 24th. Finally, The Goldman Sachs Group upped their target price on shares of Sherwin-Williams from $344.00 to $390.00 and gave the stock a “buy” rating in a report on Wednesday, July 24th. One equities 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 issued a strong buy rating to the company. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $362.68.

Sherwin-Williams Price Performance

SHW opened at $378.00 on Wednesday. The firm has a market cap of $95.84 billion, a P/E ratio of 40.30, a PEG ratio of 2.94 and a beta of 1.17. The company has a debt-to-equity ratio of 2.17, a quick ratio of 0.50 and a current ratio of 0.81. The Sherwin-Williams Company has a fifty-two week low of $232.06 and a fifty-two week high of $382.83. The firm has a 50-day moving average of $349.91 and a 200 day moving average of $327.33.

Sherwin-Williams (NYSE:SHW) last issued its quarterly earnings results on Tuesday, July 23rd. The specialty chemicals company reported $3.70 earnings per share (EPS) for the quarter, topping 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 analyst estimates of $6.33 billion. During the same quarter last year, the business posted $3.29 EPS. Sherwin-Williams’s quarterly revenue was up .5% compared to the same quarter last year. On average, research analysts expect that The Sherwin-Williams Company will post 11.47 EPS for the current year.

Sherwin-Williams Announces Dividend

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