Capital World Investors decreased its holdings in Sherwin-Williams Company (The) (NYSE:SHW) by 2.5% in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 2,417,805 shares of the specialty chemicals company’s stock after selling 62,813 shares during the period. Capital World Investors owned 2.60% of Sherwin-Williams Company (The) worth $848,553,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of the company. American Beacon Advisors Inc. bought a new stake in shares of Sherwin-Williams Company (The) during the 1st quarter valued at $106,000. Peddock Capital Advisors LLC purchased a new stake in shares of Sherwin-Williams Company (The) in the 2nd quarter valued at about $123,000. Parallel Advisors LLC raised its holdings in shares of Sherwin-Williams Company (The) by 2.6% in the 1st quarter. Parallel Advisors LLC now owns 432 shares of the specialty chemicals company’s stock valued at $144,000 after acquiring an additional 11 shares in the last quarter. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA raised its holdings in shares of Sherwin-Williams Company (The) by 7.3% in the 2nd quarter. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA now owns 429 shares of the specialty chemicals company’s stock valued at $145,000 after acquiring an additional 29 shares in the last quarter. Finally, SRS Capital Advisors Inc. raised its holdings in shares of Sherwin-Williams Company (The) by 23.3% in the 1st quarter. SRS Capital Advisors Inc. now owns 540 shares of the specialty chemicals company’s stock valued at $167,000 after acquiring an additional 102 shares in the last quarter. Hedge funds and other institutional investors own 73.83% of the company’s stock.

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Several brokerages recently issued reports on SHW. UBS AG reiterated a “neutral” rating and issued a $341.00 target price (up from $312.00) on shares of Sherwin-Williams Company (The) in a research report on Tuesday, June 6th. Goldman Sachs Group, Inc. (The) assumed coverage on Sherwin-Williams Company (The) in a research note on Thursday, June 8th. They issued a “buy” rating and a $403.00 target price on the stock. Longbow Research upgraded Sherwin-Williams Company (The) from a “neutral” rating to a “buy” rating and set a $400.00 price objective on the stock in a research report on Tuesday, June 13th. Citigroup Inc. reissued a “buy” rating and set a $410.00 price objective on shares of Sherwin-Williams Company (The) in a research report on Friday, June 23rd. Finally, Vertical Research reiterated a “hold” rating and set a $335.00 price target (up previously from $316.00) on shares of Sherwin-Williams Company (The) in a research report on Monday, June 26th. Three investment analysts have rated the stock with a sell rating, six have issued a hold rating and twelve have issued a buy rating to the company’s stock. The stock has an average rating of “Hold” and an average target price of $364.46.

Shares of Sherwin-Williams Company (NYSE SHW) traded up 3.58% during midday trading on Tuesday, reaching $372.30. The company’s stock had a trading volume of 759,939 shares. Sherwin-Williams Company has a 52 week low of $239.48 and a 52 week high of $377.24. The company has a 50 day moving average of $342.74 and a 200-day moving average of $337.54. The stock has a market capitalization of $34.56 billion, a price-to-earnings ratio of 30.69 and a beta of 1.22.

Sherwin-Williams Company (The) (NYSE:SHW) last announced its earnings results on Thursday, July 20th. The specialty chemicals company reported $4.52 earnings per share for the quarter, missing the consensus estimate of $4.54 by ($0.02). The company 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 last year, the business posted $4.06 earnings per share. Equities research analysts predict that Sherwin-Williams Company will post $14.77 earnings per share for the current year.

The business also recently declared a quarterly dividend, which was paid on Friday, September 8th. Stockholders of record on Friday, August 18th were issued a $0.85 dividend. The ex-dividend date of this dividend was Wednesday, August 16th. This represents a $3.40 dividend on an annualized basis and a dividend yield of 0.95%. Sherwin-Williams Company (The)’s dividend payout ratio is presently 28.05%.

Sherwin-Williams Company (The) Company 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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