Federated Hermes Inc. Sells 1,825 Shares of The Sherwin-Williams Company (NYSE:SHW)

Federated Hermes Inc. decreased its position in The Sherwin-Williams Company (NYSE:SHW) by 0.5% during the second quarter, Holdings Channel reports. The fund owned 377,345 shares of the specialty chemicals company’s stock after selling 1,825 shares during the period. Federated Hermes Inc.’s holdings in Sherwin-Williams were worth $112,611,000 as of its most recent filing with the SEC.

Several other institutional investors have also recently made changes to their positions in the business. Vanguard Group Inc. raised its stake in shares of Sherwin-Williams by 0.9% in the first quarter. Vanguard Group Inc. now owns 21,620,939 shares of the specialty chemicals company’s stock worth $7,509,601,000 after buying an additional 184,979 shares during the period. Capital World Investors increased its stake in shares of Sherwin-Williams by 38.9% in the fourth quarter. Capital World Investors now owns 3,840,789 shares of the specialty chemicals company’s stock worth $1,197,952,000 after purchasing an additional 1,075,351 shares in the last quarter. Norges Bank purchased a new position in shares of Sherwin-Williams during the 4th quarter valued at $1,176,356,000. Clearbridge Investments LLC boosted its holdings in Sherwin-Williams by 4.4% in the 4th quarter. Clearbridge Investments LLC now owns 2,779,294 shares of the specialty chemicals company’s stock worth $866,862,000 after buying an additional 116,647 shares during the period. Finally, Capital Research Global Investors increased its stake in Sherwin-Williams by 2.3% in the 4th quarter. Capital Research Global Investors now owns 2,536,096 shares of the specialty chemicals company’s stock worth $791,008,000 after buying an additional 56,161 shares in the last quarter. Institutional investors own 77.67% of the company’s stock.

Insiders Place Their Bets

In related news, CFO Allen J. Mistysyn sold 14,520 shares of Sherwin-Williams 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 sale, the chief financial officer now owns 63,520 shares in the company, valued at approximately $23,301,041.60. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Insiders own 0.60% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts have recently commented on SHW shares. KeyCorp boosted their price objective on Sherwin-Williams from $400.00 to $410.00 and gave the company an “overweight” rating in a research report on Wednesday, July 24th. Barclays upped their price target on Sherwin-Williams from $315.00 to $355.00 and gave the stock an “equal weight” rating in a research note on Wednesday, July 24th. Royal Bank of Canada reiterated an “outperform” rating and set a $418.00 price objective on shares of Sherwin-Williams in a research report on Friday, August 30th. Evercore ISI upped their target price on shares of Sherwin-Williams from $365.00 to $380.00 and gave the stock an “outperform” rating in a research report on Friday, August 30th. Finally, BMO Capital Markets reiterated an “outperform” rating and issued a $400.00 price target (up from $386.00) on shares of Sherwin-Williams in a report on Wednesday, September 4th. One analyst has rated the stock with a sell rating, seven have given a hold rating, fourteen have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $362.68.

Sherwin-Williams Trading Up 0.6 %

SHW stock opened at $373.97 on Friday. The Sherwin-Williams Company has a twelve month low of $232.06 and a twelve month high of $374.26. The stock has a market capitalization of $94.34 billion, a price-to-earnings ratio of 39.87, a price-to-earnings-growth ratio of 2.92 and a beta of 1.17. The company has a quick ratio of 0.50, a current ratio of 0.81 and a debt-to-equity ratio of 2.17. The firm’s fifty day simple moving average is $345.15 and its two-hundred day simple moving average is $326.36.

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

Sherwin-Williams Announces Dividend

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