Sherwin-Williams Company (The) (NYSE:SHW) Shares Sold by Exxonmobil Investment Management Inc. TX

Exxonmobil Investment Management Inc. TX reduced its stake in shares of Sherwin-Williams Company (The) (NYSE:SHW) by 13.7% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 15,556 shares of the specialty chemicals company’s stock after selling 2,471 shares during the period. Exxonmobil Investment Management Inc. TX’s holdings in Sherwin-Williams Company (The) were worth $5,460,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in SHW. First Citizens Bank & Trust Co. increased its position in Sherwin-Williams Company (The) by 0.3% in the first quarter. First Citizens Bank & Trust Co. now owns 1,160 shares of the specialty chemicals company’s stock worth $360,000 after buying an additional 3 shares in the last quarter. Dynamic Advisors Solutions LLC increased its position in Sherwin-Williams Company (The) by 1.2% in the second quarter. Dynamic Advisors Solutions LLC now owns 684 shares of the specialty chemicals company’s stock worth $240,000 after buying an additional 8 shares in the last quarter. Alpha Windward LLC increased its position in Sherwin-Williams Company (The) by 1.3% in the first quarter. Alpha Windward LLC now owns 826 shares of the specialty chemicals company’s stock worth $256,000 after buying an additional 11 shares in the last quarter. Parallel Advisors LLC raised its stake in Sherwin-Williams Company (The) by 2.6% in the first quarter. Parallel Advisors LLC now owns 432 shares of the specialty chemicals company’s stock valued at $144,000 after buying an additional 11 shares during the last quarter. Finally, Meridian Wealth Management LLC raised its stake in Sherwin-Williams Company (The) by 0.8% in the first quarter. Meridian Wealth Management LLC now owns 1,316 shares of the specialty chemicals company’s stock valued at $408,000 after buying an additional 11 shares during the last quarter. 72.78% of the stock is currently owned by institutional investors and hedge funds.

Sherwin-Williams Company (SHW) opened at 342.38 on Friday. Sherwin-Williams Company has a 1-year low of $239.48 and a 1-year high of $362.57. The firm’s 50-day moving average is $353.55 and its 200 day moving average is $324.96. The firm has a market cap of $31.79 billion, a PE ratio of 28.23 and a beta of 1.24.

Sherwin-Williams Company (The) (NYSE:SHW) last released its earnings results on Thursday, July 20th. The specialty chemicals company reported $4.52 EPS for the quarter, missing the Zacks’ consensus estimate of $4.54 by $0.02. The firm had revenue of $3.74 billion during the quarter, compared to analysts’ expectations of $3.83 billion. Sherwin-Williams Company (The) had a net margin of 9.14% and a return on equity of 63.81%. The company’s revenue for the quarter was up 16.0% compared to the same quarter last year. During the same quarter in the previous year, the business earned $4.06 EPS. On average, equities analysts forecast that Sherwin-Williams Company will post $15.04 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Friday, September 8th. Stockholders of record on Friday, August 18th will be paid a $0.85 dividend. This represents a $3.40 dividend on an annualized basis and a dividend yield of 0.99%. The ex-dividend date is Wednesday, August 16th. Sherwin-Williams Company (The)’s payout ratio is presently 28.05%.

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SHW has been the topic of a number of research analyst reports. Zacks Investment Research upgraded shares of Sherwin-Williams Company (The) from a “hold” rating to a “buy” rating and set a $371.00 price objective on the stock in a research note on Thursday, April 27th. KeyCorp upgraded shares of Sherwin-Williams Company (The) from a “sector weight” rating to an “overweight” rating and set a $375.00 price objective on the stock in a research note on Tuesday, April 4th. Morgan Stanley reiterated an “overweight” rating and set a $375.00 price objective (up from $335.00) on shares of Sherwin-Williams Company (The) in a research note on Wednesday, May 17th. Barclays PLC raised their price target on shares of Sherwin-Williams Company (The) from $310.00 to $335.00 and gave the stock an “equal weight” rating in a research report on Monday, April 24th. Finally, Jefferies Group LLC assumed coverage on shares of Sherwin-Williams Company (The) in a research report on Friday, May 26th. They issued a “hold” rating and a $364.00 price target on the stock. One analyst has rated the stock with a sell rating, nine have assigned a hold rating and thirteen have assigned a buy rating to the company’s stock. The company has an average rating of “Buy” and an average price target of $360.10.

In related news, insider Joel D. Baxter sold 5,470 shares of the firm’s stock in a transaction that occurred on Monday, May 15th. The stock was sold at an average price of $335.50, for a total transaction of $1,835,185.00. Following the completion of the transaction, the insider now owns 8,523 shares of the company’s stock, valued at approximately $2,859,466.50. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director Susan J. Kropf sold 2,000 shares of the firm’s stock in a transaction that occurred on Friday, May 5th. The shares were sold at an average price of $338.93, for a total value of $677,860.00. The disclosure for this sale can be found here. In the last 90 days, insiders sold 24,320 shares of company stock valued at $8,181,290. 1.69% of the stock is currently owned by company insiders.

About Sherwin-Williams Company (The)

The Sherwin-Williams Company (Sherwin-Williams) is engaged in the development, manufacture, distribution and sale of paint, coatings and related products. The Company’s segments are Paint Stores Group, Consumer Group, Global Finishes Group, Latin America Coatings Group and Administrative. The Paint Stores Group markets and sells Sherwin-Williams branded architectural paint and coatings, protective and marine products, original equipment manufacturer (OEM) product finishes and related items.