First Business Financial Services Inc. acquired a new position in shares of Sherwin-Williams Company (The) (NYSE:SHW) during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor acquired 1,607 shares of the specialty chemicals company’s stock, valued at approximately $498,000.

Several other hedge funds and other institutional investors also recently modified their holdings of the stock. Asset Management One Co. Ltd. raised its stake in shares of Sherwin-Williams Company (The) by 937.1% in the fourth quarter. Asset Management One Co. Ltd. now owns 155,311 shares of the specialty chemicals company’s stock valued at $41,762,000 after buying an additional 140,335 shares during the last quarter. Aviva PLC raised its stake in shares of Sherwin-Williams Company (The) by 5.6% in the fourth quarter. Aviva PLC now owns 49,286 shares of the specialty chemicals company’s stock valued at $13,261,000 after buying an additional 2,599 shares during the last quarter. Elkfork Partners LLC purchased a new stake in shares of Sherwin-Williams Company (The) during the fourth quarter valued at $1,889,000. Trexquant Investment LP purchased a new stake in shares of Sherwin-Williams Company (The) during the fourth quarter valued at $242,000. Finally, Keybank National Association OH raised its stake in shares of Sherwin-Williams Company (The) by 3.3% in the fourth quarter. Keybank National Association OH now owns 158,310 shares of the specialty chemicals company’s stock valued at $42,544,000 after buying an additional 5,037 shares during the last quarter. 73.23% of the stock is currently owned by institutional investors and hedge funds.

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

Sherwin-Williams Company (NYSE:SHW) traded down 0.27% during mid-day trading on Friday, reaching $350.55. The company had a trading volume of 870,128 shares. The stock has a 50 day moving average price of $338.65 and a 200 day moving average price of $307.88. The company has a market capitalization of $32.44 billion, a P/E ratio of 27.46 and a beta of 1.22. Sherwin-Williams Company has a one year low of $239.48 and a one year high of $354.64.

Sherwin-Williams Company (The) (NYSE:SHW) last announced its earnings results on Thursday, April 20th. The specialty chemicals company reported $2.27 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $2.07 by $0.20. Sherwin-Williams Company (The) had a net margin of 10.02% and a return on equity of 71.96%. The company had revenue of $2.76 billion during the quarter, compared to analyst estimates of $2.72 billion. During the same quarter last year, the firm posted $1.81 earnings per share. Sherwin-Williams Company (The)’s revenue was up 7.3% compared to the same quarter last year. On average, equities analysts expect that Sherwin-Williams Company will post $14.16 earnings per share for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which was paid on Friday, June 2nd. Stockholders of record on Friday, May 19th were paid a $0.85 dividend. This represents a $3.40 annualized dividend and a dividend yield of 0.97%. The ex-dividend date was Wednesday, May 17th. Sherwin-Williams Company (The)’s payout ratio is 26.67%.

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Several equities analysts have issued reports on SHW shares. Barclays PLC lifted their price objective on Sherwin-Williams Company (The) from $310.00 to $335.00 and gave the company an “equal weight” rating in a research report on Monday, April 24th. Zacks Investment Research upgraded Sherwin-Williams Company (The) from a “hold” rating to a “buy” rating and set a $371.00 price objective for the company in a research report on Tuesday, May 23rd. Morgan Stanley reiterated an “overweight” rating and issued a $375.00 price objective (up previously from $335.00) on shares of Sherwin-Williams Company (The) in a research report on Wednesday, May 17th. Goldman Sachs Group, Inc. (The) started coverage on Sherwin-Williams Company (The) in a research report on Thursday, June 8th. They issued a “buy” rating and a $403.00 price objective for the company. Finally, Longbow Research upgraded Sherwin-Williams Company (The) from a “neutral” rating to a “buy” rating and set a $400.00 price objective for the company in a research report on Tuesday, June 13th. One analyst has rated the stock with a sell rating, six have issued a hold rating and twelve have given a buy rating to the stock. Sherwin-Williams Company (The) presently has a consensus rating of “Buy” and an average price target of $350.38.

In related news, SVP Catherine M. Kilbane sold 22,635 shares of the firm’s stock in a transaction that occurred on Friday, April 21st. The shares were sold at an average price of $324.47, for a total value of $7,344,378.45. Following the sale, the senior vice president now owns 16,635 shares of the company’s stock, valued at $5,397,558.45. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, insider Robert J. Davisson sold 10,500 shares of the firm’s stock in a transaction that occurred on Thursday, May 4th. The shares were sold at an average price of $335.00, for a total transaction of $3,517,500.00. Following the completion of the sale, the insider now directly owns 7,166 shares in the company, valued at approximately $2,400,610. The disclosure for this sale can be found here. In the last three months, insiders sold 46,955 shares of company stock valued at $15,525,668. Insiders own 1.69% of the company’s stock.

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.

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