Spectrum Management Group Inc. purchased a new position in Sherwin-Williams Company (The) (NYSE:SHW) during the third quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor purchased 452 shares of the specialty chemicals company’s stock, valued at approximately $162,000.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. Alps Advisors Inc. grew its holdings in shares of Sherwin-Williams Company (The) by 0.3% in the 2nd quarter. Alps Advisors Inc. now owns 1,544 shares of the specialty chemicals company’s stock worth $542,000 after acquiring an additional 4 shares during the period. BRYN MAWR TRUST Co lifted its stake in Sherwin-Williams Company (The) by 0.7% in the 2nd quarter. BRYN MAWR TRUST Co now owns 1,030 shares of the specialty chemicals company’s stock valued at $361,000 after buying an additional 7 shares in the last quarter. IFP Advisors Inc lifted its stake in Sherwin-Williams Company (The) by 0.5% in the 2nd quarter. IFP Advisors Inc now owns 1,708 shares of the specialty chemicals company’s stock valued at $599,000 after buying an additional 9 shares in the last quarter. Valmark Advisers Inc. lifted its stake in Sherwin-Williams Company (The) by 0.3% in the 2nd quarter. Valmark Advisers Inc. now owns 3,671 shares of the specialty chemicals company’s stock valued at $1,288,000 after buying an additional 10 shares in the last quarter. Finally, Legacy Capital Partners Inc. lifted its stake in Sherwin-Williams Company (The) by 2.2% in the 2nd quarter. Legacy Capital Partners Inc. now owns 752 shares of the specialty chemicals company’s stock valued at $264,000 after buying an additional 16 shares in the last quarter. Institutional investors and hedge funds own 73.17% of the company’s stock.

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Sherwin-Williams Company (NYSE:SHW) traded down $1.05 during mid-day trading on Friday, hitting $386.98. The stock had a trading volume of 309,172 shares, compared to its average volume of 638,935. The firm has a market cap of $36,290.00, a P/E ratio of 28.03, a price-to-earnings-growth ratio of 2.17 and a beta of 1.22. The company has a current ratio of 1.07, a quick ratio of 0.68 and a debt-to-equity ratio of 3.68. Sherwin-Williams Company has a 1-year low of $260.00 and a 1-year high of $398.22.

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

The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 8th. Stockholders of record on Friday, November 17th will be issued a dividend of $0.85 per share. The ex-dividend date of this dividend is Thursday, November 16th. This represents a $3.40 dividend on an annualized basis and a dividend yield of 0.88%. Sherwin-Williams Company (The)’s payout ratio is 28.81%.

SHW has been the topic of a number of recent research reports. Robert W. Baird reaffirmed a “buy” rating and issued a $375.00 target price on shares of Sherwin-Williams Company (The) in a research note on Friday, September 1st. Morgan Stanley set a $425.00 target price on Sherwin-Williams Company (The) and gave the company an “overweight” rating in a research note on Wednesday, October 4th. KeyCorp reaffirmed an “overweight” rating and issued a $440.00 target price (up previously from $415.00) on shares of Sherwin-Williams Company (The) in a research note on Wednesday, October 4th. Longbow Research reaffirmed a “buy” rating and issued a $440.00 target price (up previously from $400.00) on shares of Sherwin-Williams Company (The) in a research note on Monday, October 9th. Finally, Royal Bank Of Canada upped their target price on Sherwin-Williams Company (The) from $390.00 to $423.00 and gave the company an “outperform” rating in a research note on Wednesday, October 4th. Two research analysts have rated the stock with a sell rating, seven have given a hold rating and twelve have given a buy rating to the company. The stock currently has an average rating of “Hold” and a consensus target price of $398.25.

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.

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

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