Huntington National Bank raised its holdings in shares of Sherwin-Williams Co (NYSE:SHW) by 12.7% during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 15,340 shares of the specialty chemicals company’s stock after buying an additional 1,727 shares during the period. Huntington National Bank’s holdings in Sherwin-Williams were worth $8,865,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. JFS Wealth Advisors LLC purchased a new stake in shares of Sherwin-Williams during the first quarter valued at approximately $25,000. Key Financial Inc purchased a new stake in shares of Sherwin-Williams during the first quarter valued at approximately $29,000. Center for Financial Planning Inc. raised its stake in shares of Sherwin-Williams by 250.0% during the first quarter. Center for Financial Planning Inc. now owns 63 shares of the specialty chemicals company’s stock valued at $29,000 after purchasing an additional 45 shares during the period. Front Row Advisors LLC purchased a new stake in shares of Sherwin-Williams during the first quarter valued at approximately $44,000. Finally, Lindbrook Capital LLC raised its stake in shares of Sherwin-Williams by 50.8% during the first quarter. Lindbrook Capital LLC now owns 92 shares of the specialty chemicals company’s stock valued at $42,000 after purchasing an additional 31 shares during the period. Institutional investors own 76.25% of the company’s stock.

Shares of SHW traded up $0.29 during midday trading on Friday, hitting $647.92. 592,788 shares of the stock traded hands, compared to its average volume of 462,408. The firm has a market capitalization of $58.99 billion, a PE ratio of 34.54, a price-to-earnings-growth ratio of 3.10 and a beta of 1.22. The business’s 50 day moving average price is $588.73 and its two-hundred day moving average price is $550.00. Sherwin-Williams Co has a 1-year low of $325.43 and a 1-year high of $659.87. The company has a debt-to-equity ratio of 2.50, a quick ratio of 0.57 and a current ratio of 1.10.

Sherwin-Williams (NYSE:SHW) last posted its quarterly earnings data on Tuesday, July 28th. The specialty chemicals company reported $7.10 earnings per share for the quarter, topping the consensus estimate of $5.69 by $1.41. The business had revenue of $4.60 billion during the quarter, compared to the consensus estimate of $4.55 billion. Sherwin-Williams had a net margin of 9.83% and a return on equity of 53.67%. The company’s quarterly revenue was down 5.7% compared to the same quarter last year. During the same quarter in the prior year, the company posted $6.57 earnings per share. As a group, equities research analysts forecast that Sherwin-Williams Co will post 22.66 EPS for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, September 11th. Investors of record on Friday, August 21st will be issued a $1.34 dividend. This represents a $5.36 annualized dividend and a yield of 0.83%. The ex-dividend date of this dividend is Thursday, August 20th. Sherwin-Williams’s payout ratio is currently 25.38%.

In related news, insider Joel D. Baxter sold 6,830 shares of the company’s stock in a transaction dated Wednesday, May 27th. The shares were sold at an average price of $580.00, for a total value of $3,961,400.00. Following the completion of the sale, the insider now owns 8,894 shares of the company’s stock, valued at $5,158,520. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, COO David B. Sewell sold 5,752 shares of the company’s stock in a transaction dated Tuesday, May 19th. The stock was sold at an average price of $571.13, for a total transaction of $3,285,139.76. Following the completion of the sale, the chief operating officer now directly owns 14,100 shares of the company’s stock, valued at approximately $8,052,933. The disclosure for this sale can be found here. Insiders sold 19,481 shares of company stock valued at $11,529,647 in the last ninety days. Corporate insiders own 0.55% of the company’s stock.

A number of research firms have recently issued reports on SHW. Royal Bank of Canada lifted their price objective on shares of Sherwin-Williams from $655.00 to $700.00 and gave the company an “outperform” rating in a research note on Wednesday. Morgan Stanley lifted their price target on shares of Sherwin-Williams from $625.00 to $700.00 and gave the stock an “overweight” rating in a research note on Wednesday. JPMorgan Chase & Co. lifted their price target on shares of Sherwin-Williams from $555.00 to $637.00 and gave the stock a “neutral” rating in a research note on Wednesday. Deutsche Bank lifted their price target on shares of Sherwin-Williams from $675.00 to $700.00 and gave the stock a “buy” rating in a research note on Wednesday. Finally, Citigroup lifted their price target on shares of Sherwin-Williams from $555.00 to $625.00 and gave the stock a “buy” rating in a research note on Thursday, April 30th. One investment analyst has rated the stock with a sell rating, eleven have issued a hold rating, eleven have given a buy rating and two have assigned a strong buy rating to the stock. Sherwin-Williams presently has a consensus rating of “Buy” and an average price target of $641.95.

Sherwin-Williams Profile

The Sherwin-Williams Company develops, manufactures, distributes, and sells paints, coatings, and related products to professional, industrial, commercial, and retail customers. It operates in three segments: The Americas Group, Consumer Brands Group, and Performance Coatings Group. The Americas Group segment offers architectural paints and coatings, and protective and marine products, as well as OEM product finishes and related products for architectural and industrial paint contractors and do-it-yourself homeowners.

See Also: How to calculate the intrinsic value of a stock

Want to see what other hedge funds are holding SHW? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Sherwin-Williams Co (NYSE:SHW).

Institutional Ownership by Quarter for Sherwin-Williams (NYSE:SHW)

Receive News & Ratings for Sherwin-Williams Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Sherwin-Williams and related companies with MarketBeat.com's FREE daily email newsletter.