Keybank National Association OH boosted its position in shares of Sherwin-Williams Company (The) (NYSE:SHW) by 3.2% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 165,459 shares of the specialty chemicals company’s stock after buying an additional 5,195 shares during the period. Keybank National Association OH owned 0.18% of Sherwin-Williams Company (The) worth $58,070,000 as of its most recent filing with the SEC.

A number of other large investors have also recently made changes to their positions in the stock. Vanguard Group Inc. raised its position in Sherwin-Williams Company (The) by 6.2% in the first quarter. Vanguard Group Inc. now owns 6,276,033 shares of the specialty chemicals company’s stock valued at $1,946,763,000 after buying an additional 365,675 shares during the period. BlackRock Inc. raised its position in Sherwin-Williams Company (The) by 1,591.2% in the first quarter. BlackRock Inc. now owns 5,267,993 shares of the specialty chemicals company’s stock valued at $1,634,079,000 after buying an additional 4,956,505 shares during the period. Massachusetts Financial Services Co. MA raised its position in Sherwin-Williams Company (The) by 3.3% in the first quarter. Massachusetts Financial Services Co. MA now owns 4,264,765 shares of the specialty chemicals company’s stock valued at $1,322,887,000 after buying an additional 136,991 shares during the period. State Street Corp raised its position in Sherwin-Williams Company (The) by 1.0% in the first quarter. State Street Corp now owns 3,832,298 shares of the specialty chemicals company’s stock valued at $1,188,731,000 after buying an additional 39,010 shares during the period. Finally, FMR LLC raised its position in Sherwin-Williams Company (The) by 10.9% in the first quarter. FMR LLC now owns 3,433,712 shares of the specialty chemicals company’s stock valued at $1,065,103,000 after buying an additional 338,320 shares during the period. 73.89% of the stock is currently owned by institutional investors and hedge funds.

Sherwin-Williams Company (NYSE SHW) traded down 0.62% on Tuesday, hitting $336.82. The company had a trading volume of 77,767 shares. Sherwin-Williams Company has a one year low of $239.48 and a one year high of $362.57. The stock has a market capitalization of $31.27 billion, a PE ratio of 27.77 and a beta of 1.23. The stock has a 50 day moving average of $342.66 and a 200-day moving average of $330.76.

Sherwin-Williams Company (The) (NYSE:SHW) last released its quarterly 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 firm had revenue of $3.74 billion for the quarter, compared to the consensus estimate of $3.83 billion. Sherwin-Williams Company (The) had a net margin of 9.14% and a return on equity of 63.81%. Sherwin-Williams Company (The)’s quarterly revenue was up 16.0% compared to the same quarter last year. During the same period in the previous year, the company earned $4.06 earnings per share. Equities analysts anticipate that Sherwin-Williams Company will post $15.00 EPS for the current year.

The company also recently declared a quarterly dividend, which will be paid on Friday, September 8th. Stockholders of record on Friday, August 18th will be issued a dividend of $0.85 per share. The ex-dividend date of this dividend is Wednesday, August 16th. This represents a $3.40 annualized dividend and a dividend yield of 1.00%. Sherwin-Williams Company (The)’s payout ratio is 28.05%.

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Several research analysts have weighed in on SHW shares. Citigroup Inc. reaffirmed a “buy” rating and set a $410.00 price target on shares of Sherwin-Williams Company (The) in a research report on Friday, June 23rd. Longbow Research raised Sherwin-Williams Company (The) from a “neutral” rating to a “buy” rating and set a $400.00 price target on the stock in a research report on Tuesday, June 13th. Goldman Sachs Group, Inc. (The) started coverage on Sherwin-Williams Company (The) in a research report on Thursday, June 8th. They set a “buy” rating and a $403.00 price target on the stock. Zacks Investment Research raised Sherwin-Williams Company (The) from a “hold” rating to a “buy” rating and set a $371.00 price target on the stock in a research report on Tuesday, May 23rd. Finally, Credit Suisse Group raised Sherwin-Williams Company (The) to a “buy” rating and set a $375.00 price target on the stock in a research report on Sunday, July 23rd. Two equities research analysts have rated the stock with a sell rating, eight have given a hold rating and twelve have given a buy rating to the company. Sherwin-Williams Company (The) currently has an average rating of “Hold” and an average target price of $360.10.

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.

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

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