Polaris Greystone Financial Group LLC acquired a new position in Sherwin-Williams Company (The) (NYSE:SHW) in the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 42,163 shares of the specialty chemicals company’s stock, valued at approximately $15,096,000.

Several other institutional investors and hedge funds have also recently bought and sold shares of the company. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. boosted its holdings in shares of Sherwin-Williams Company (The) by 3.1% in the 3rd quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. now owns 12,591 shares of the specialty chemicals company’s stock worth $4,508,000 after purchasing an additional 382 shares in the last quarter. Meridian Wealth Management LLC purchased a new position in shares of Sherwin-Williams Company (The) in the 3rd quarter worth about $308,000. State Board of Administration of Florida Retirement System boosted its holdings in shares of Sherwin-Williams Company (The) by 0.8% in the 3rd quarter. State Board of Administration of Florida Retirement System now owns 117,930 shares of the specialty chemicals company’s stock worth $42,224,000 after purchasing an additional 980 shares in the last quarter. Frontier Capital Management Co. LLC boosted its holdings in shares of Sherwin-Williams Company (The) by 1.4% in the 3rd quarter. Frontier Capital Management Co. LLC now owns 167,574 shares of the specialty chemicals company’s stock worth $59,998,000 after purchasing an additional 2,235 shares in the last quarter. Finally, Palisade Capital Management LLC NJ boosted its holdings in shares of Sherwin-Williams Company (The) by 10.8% in the 3rd quarter. Palisade Capital Management LLC NJ now owns 15,618 shares of the specialty chemicals company’s stock worth $5,592,000 after purchasing an additional 1,519 shares in the last quarter. Hedge funds and other institutional investors own 73.73% of the company’s stock.

Sherwin-Williams Company (SHW) traded down $1.33 on Monday, reaching $395.78. The company’s stock had a trading volume of 28,555 shares, compared to its average volume of 532,694. The firm has a market cap of $37,135.31, a P/E ratio of 28.61, a price-to-earnings-growth ratio of 2.21 and a beta of 1.22. The company has a debt-to-equity ratio of 3.68, a quick ratio of 0.68 and a current ratio of 1.07.

Sherwin-Williams Company (The) (NYSE:SHW) last released its quarterly earnings results on Tuesday, October 24th. The specialty chemicals company reported $4.75 EPS for the quarter, beating analysts’ consensus estimates of $4.70 by $0.05. The business had revenue of $4.51 billion during the quarter, compared to analyst estimates of $4.45 billion. Sherwin-Williams Company (The) had a return on equity of 58.02% and a net margin of 7.82%. Sherwin-Williams Company (The)’s quarterly revenue was up 37.4% compared to the same quarter last year. During the same quarter in the prior year, the company posted $4.23 EPS. research analysts expect that Sherwin-Williams Company will post 15.04 EPS for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Friday, December 8th. Shareholders of record on Friday, November 17th will be given a dividend of $0.85 per share. This represents a $3.40 dividend on an annualized basis and a yield of 0.86%. The ex-dividend date is Thursday, November 16th. Sherwin-Williams Company (The)’s payout ratio is 29.90%.

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A number of research firms have recently issued reports on SHW. UBS AG reiterated a “neutral” rating and issued a $375.00 price objective (up from $359.00) on shares of Sherwin-Williams Company (The) in a report on Wednesday, July 26th. Credit Suisse Group upgraded Sherwin-Williams Company (The) to a “buy” rating and set a $375.00 price objective for the company in a report on Sunday, July 23rd. Northcoast Research reiterated a “buy” rating on shares of Sherwin-Williams Company (The) in a report on Wednesday, July 19th. Citigroup Inc. upped their price objective on Sherwin-Williams Company (The) from $405.00 to $442.00 and gave the stock a “buy” rating in a report on Wednesday, October 25th. Finally, Zacks Investment Research upgraded Sherwin-Williams Company (The) from a “hold” rating to a “buy” rating and set a $380.00 price objective for the company in a report on Wednesday, September 20th. Two analysts have rated the stock with a sell rating, seven have assigned a hold rating and thirteen have issued a buy rating to the company. The stock currently has an average rating of “Buy” and an average price target of $395.62.

Sherwin-Williams Company (The) Profile

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.

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

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