LMR Partners LLP bought a new position in shares of Sherwin-Williams Company (The) (NYSE:SHW) during the second quarter, Holdings Channel reports. The institutional investor bought 5,917 shares of the specialty chemicals company’s stock, valued at approximately $2,076,000.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. BlackRock Inc. increased 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 worth $1,634,079,000 after buying an additional 4,956,505 shares in the last quarter. Jana Partners LLC bought a new position in Sherwin-Williams Company (The) during the first quarter worth $203,163,000. Renaissance Technologies LLC increased its position in Sherwin-Williams Company (The) by 195.1% in the first quarter. Renaissance Technologies LLC now owns 961,900 shares of the specialty chemicals company’s stock worth $298,372,000 after buying an additional 635,900 shares in the last quarter. Vanguard Group Inc. increased 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 worth $1,946,763,000 after buying an additional 365,675 shares in the last quarter. Finally, Prudential Financial Inc. increased its position in Sherwin-Williams Company (The) by 272.8% in the first quarter. Prudential Financial Inc. now owns 467,216 shares of the specialty chemicals company’s stock worth $144,926,000 after buying an additional 341,880 shares in the last quarter. 72.69% of the stock is owned by hedge funds and other institutional investors.

Shares of Sherwin-Williams Company (NYSE SHW) opened at 332.57 on Wednesday. The stock has a market capitalization of $30.88 billion, a PE ratio of 27.42 and a beta of 1.23. Sherwin-Williams Company has a 1-year low of $239.48 and a 1-year high of $362.57. The firm has a 50-day moving average of $346.90 and a 200 day moving average of $329.42.

Sherwin-Williams Company (The) (NYSE:SHW) last posted its quarterly earnings results on Thursday, July 20th. The specialty chemicals company reported $4.52 earnings per share for the quarter, missing the Zacks’ consensus estimate of $4.54 by $0.02. The firm had revenue of $3.74 billion during the quarter, compared to the consensus estimate of $3.83 billion. Sherwin-Williams Company (The) had a return on equity of 63.81% and a net margin of 9.14%. The business’s revenue for the quarter was up 16.0% compared to the same quarter last year. During the same quarter in the previous year, the company earned $4.06 earnings per share. Analysts predict 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. Shareholders of record on Friday, August 18th will be given a $0.85 dividend. The ex-dividend date is Wednesday, August 16th. This represents a $3.40 dividend on an annualized basis and a dividend yield of 1.02%. Sherwin-Williams Company (The)’s payout ratio is currently 28.05%.

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A number of research analysts have recently weighed in on SHW shares. Zacks Investment Research raised shares of Sherwin-Williams Company (The) from a “hold” rating to a “buy” rating and set a $371.00 target price for the company in a research report on Thursday, April 27th. Morgan Stanley restated an “overweight” rating and set a $375.00 price target (up from $335.00) on shares of Sherwin-Williams Company (The) in a research note on Wednesday, May 17th. Barclays PLC upped their price target on shares of Sherwin-Williams Company (The) from $310.00 to $335.00 and gave the company an “equal weight” rating in a research note on Monday, April 24th. Jefferies Group LLC began coverage on shares of Sherwin-Williams Company (The) in a research note on Friday, May 26th. They set a “hold” rating and a $364.00 price target on the stock. Finally, Northcoast Research restated a “buy” rating on shares of Sherwin-Williams Company (The) in a research note on Wednesday, July 19th. Two investment analysts have rated the stock with a sell rating, eight have assigned a hold rating and thirteen have issued a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and an average target price of $360.10.

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

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